Company Valuation: Shenzhen Mason Technologies Co.,Ltd

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2022 2023 2024
Capitalization 1 4,846 3,402 3,626 4,310 10,499 10,254
Change - -29.81% 6.58% 18.87% 143.6% -2.33%
Enterprise Value (EV) 1 4,466 3,443 3,988 4,588 11,261 11,402
Change - -22.91% 15.83% 15.04% 145.47% 1.25%
P/E ratio 73.8x 43.2x -9.86x -25.2x 248x 173x
PBR 2.41x 1.67x 2.18x 2.89x 7.17x 6.67x
PEG - 2.1x 0x 0.5x -2x 4.3x
Capitalization / Revenue 1.16x 0.82x 0.82x 1.15x 2.48x 2.1x
EV / Revenue 1.07x 0.83x 0.9x 1.22x 2.66x 2.34x
EV / EBITDA 15.1x 13.1x 26.8x -66x 237x 73.6x
EV / EBIT 20.8x 18.8x 50.8x -34x -392x 198x
EV / FCF 13.4x -9.58x -13x 32.2x 66.8x -33.3x
FCF Yield 7.44% -10.4% -7.71% 3.11% 1.5% -3.01%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.0745 0.09 -0.43 -0.2 0.05 0.07
Distribution rate - - - - - -
Net sales 1 4,180 4,160 4,411 3,748 4,235 4,874
EBITDA 1 296.3 262.3 148.6 -69.47 47.6 155
EBIT 1 214.2 183.2 78.44 -135 -28.75 57.53
Net income 1 65.65 81.01 -372.1 -171 45.25 62.73
Net Debt 1 -380.4 40.87 362.1 277.9 762.8 1,149
Reference price 2 5.50 3.89 4.24 5.04 12.42 12.13
Nbr of stocks (in thousands) 881,142 874,506 855,126 855,126 845,303 845,303
Announcement Date 4/26/20 4/22/21 4/25/22 4/26/23 4/26/24 4/24/25
1CNY in Million2CNY
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 1.42B
13.57x1.45x6.66x4.11% 25.95B
19.72x8.43x14.52x4.44% 15.65B
9.14x0.98x5.98x3.85% 14.19B
11.99x1.14x6.53x5.39% 9.15B
7.43x0.69x3.92x7.31% 6.09B
27.38x0.74x10.07x1.15% 5.13B
14.01x1x2.9x3.83% 3.89B
104.32x - - 0.98% 3.59B
Average 25.95x 2.06x 7.23x 3.88% 9.45B
Weighted average by Cap. 18.11x 2.57x 7.89x 4.17%
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Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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