Company Valuation: Tibet Duo Rui Pharmaceutical Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025
Market Cap 1 3,113 2,587 2,134 1,419 4,711
Change - -16.89% -17.53% -33.5% 232.05%
Enterprise Value (EV) 1 2,522 2,183 1,831 1,554 5,038
Change - -13.47% -16.12% -15.15% 224.3%
P/E 37.1x 124x 111x -22.7x -46.3x
PBR 3.93x 3.44x 2.76x 2.1x 8.2x
PEG -1.2x -1.6x -14.43x 0x -0.7x
Capitalization / Revenue 5.88x 6.45x 6.38x 5.9x 30.6x
EV / Revenue 4.76x 5.44x 5.48x 6.46x 32.7x
EV / EBITDA 33.2x 133x 105x -25.4x -74x
EV / EBIT 40.4x 1,204x -2,455x -17.7x -43.1x
EV / FCF 214x -58.7x -228x -18.6x -35.1x
FCF Yield 0.47% -1.7% -0.44% -5.39% -2.85%
Dividend per Share 2 0.625 - 0.125 - -
Rate of return 1.61% - 0.47% - -
EPS 2 1.05 0.26 0.24 -0.79 -1.29
Distribution rate 59.5% - 52.1% - -
Net sales 1 529.6 401 334.3 240.6 154.2
EBITDA 1 76.06 16.37 17.37 -61.1 -68.07
EBIT 1 62.38 1.812 -0.7458 -87.81 -116.9
Net income 1 68.51 20.5 18.85 -62.67 -102.2
Net Debt 1 -590.5 -404.5 -302.7 134.7 326.7
Reference price 2 38.91 32.34 26.67 17.97 59.67
Nbr of stocks (in thousands) 80,000 80,000 80,000 78,956 78,956
Announcement Date 3/24/22 4/24/23 4/17/24 4/17/25 4/28/26
1CNY in Million2CNY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 738M
34.92x12.63x25.81x0.57% 1,060B
27.42x6.3x17.1x2.08% 619B
30x7.34x15.02x2.76% 438B
17.98x4.45x11.01x2.97% 333B
21.52x5.52x13.36x2.86% 282B
21.56x4.53x12.65x1.94% 267B
14.17x5.3x10.9x3.52% 218B
23.77x6.31x11.12x2.78% 196B
-46.02x5.6x31.12x2.5% 161B
Average 16.15x 6.44x 16.46x 2.44% 357.46B
Weighted average by Cap. 23.86x 7.85x 18.16x 2%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Tibet Duo Rui Pharmaceutical Co., Ltd.