Company Valuation: Postal Savings Bank of China Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 458,376 420,264 412,205 535,909 641,228 586,883 - -
Change - -8.31% -1.92% 30.01% 19.65% -8.48% - -
Enterprise Value (EV) 458,376 420,264 412,205 535,909 641,228 586,883 586,883 586,883
Change - -8.31% -1.92% 30.01% 19.65% -8.48% 0% 0%
P/E ratio 5.71x 5.05x 4.08x 5.31x 6.55x 6.34x 5.95x 5.72x
PBR 0.52x - 0.35x 0.41x 0.49x 0.49x 0.46x 0.43x
PEG - 0.56x -1.73x -2.2x -0.66x -0.93x 0.9x 1.47x
Capitalization / Revenue 1.44x 1.25x 1.2x 1.53x 1.8x 1.6x 1.53x 1.42x
EV / Revenue 0x 0x 0x 0x 0x 1.6x 1.53x 1.42x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 4.06x 3.44x 3.89x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.2474 - 0.261 0.2616 0.2183 0.2242 0.2355 0.2484
Rate of return 5.55% - 7.71% 6.08% 4.57% 5.2% 5.46% 5.76%
EPS 2 0.78 0.85 0.83 0.81 0.73 0.6804 0.7255 0.7538
Distribution rate 31.7% - 31.4% 32.3% 29.9% 32.9% 32.5% 33%
Net sales 1 319,107 335,391 342,912 349,133 355,728 366,549 384,661 413,612
EBITDA - - - - - - - -
EBIT 1 128,112 126,711 117,770 123,037 98,880 144,701 170,550 150,822
Net income 1 76,170 85,224 86,270 86,479 87,404 85,598 88,246 97,553
Net Debt - - - - - - - -
Reference price 2 4.456 4.290 3.386 4.304 4.781 4.315 4.315 4.315
Nbr of stocks (in thousands) 92,383,968 92,383,968 99,161,076 99,161,076 120,095,053 120,095,053 - -
Announcement Date 3/30/22 3/30/23 3/28/24 3/27/25 3/27/26 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.34x - - 5.2% 85.95B
14.24x - - 2.06% 831B
12.06x - - 2.28% 375B
5.9x - - 5.24% 366B
11.71x - - 4.53% 310B
5.67x - - 5.37% 288B
12.21x - - 2.19% 264B
5.93x - - 5.27% 251B
15.25x - - 2.82% 240B
28.23x - - 2.76% 217B
Average 11.75x 3.77% 322.84B
Weighted average by Cap. 12.03x 3.42%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Postal Savings Bank of China Co., Ltd.