Company Valuation: Hangzhou Robam Appliances Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 34,006 26,208 20,562 20,233 18,285 14,476 - -
Change - -22.93% -21.54% -1.6% -9.63% -20.83% - -
Enterprise Value (EV) 1 30,234 20,973 18,677 18,696 17,148 12,701 12,262 12,200
Change - -30.63% -10.95% 0.1% -8.28% -25.94% -3.45% -0.51%
P/E 25.5x 16.6x 11.9x 12.8x 14.5x 10.3x 9.72x 9.62x
PBR 3.97x 2.71x 1.96x 1.81x 1.59x 1.2x 1.14x 1.1x
PEG - 0.9x 1.24x -1.46x -0.7x 0.8x 1.7x 9.03x
Capitalization / Revenue 3.35x 2.55x 1.84x 1.8x 1.81x 1.41x 1.32x 1.32x
EV / Revenue 2.98x 2.04x 1.67x 1.67x 1.7x 1.24x 1.12x 1.11x
EV / EBITDA 18.1x 10.8x 8.58x 9.45x 10.6x 7.77x 7.13x 6.84x
EV / EBIT 19.6x 11.8x 9.4x 10.4x 11.9x 8.74x 7.97x 7.67x
EV / FCF 32.4x 14.5x 9.04x 13.3x 12.7x 8.8x 8.32x 8.74x
FCF Yield 3.08% 6.88% 11.1% 7.5% 7.86% 11.4% 12% 11.4%
Dividend per Share 2 0.5 0.5 0.5 0.5 0.5 1.029 1.085 1.004
Rate of return 1.39% 1.8% 2.3% 2.33% 2.58% 6.72% 7.08% 6.55%
EPS 2 1.41 1.67 1.83 1.67 1.33 1.491 1.576 1.593
Distribution rate 35.5% 29.9% 27.3% 29.9% 37.6% 69% 68.8% 63%
Net sales 1 10,148 10,272 11,202 11,213 10,116 10,270 10,926 10,958
EBITDA 1 1,671 1,939 2,176 1,979 1,622 1,634 1,720 1,783
EBIT 1 1,544 1,775 1,988 1,790 1,437 1,453 1,538 1,590
Net income 1 1,334 1,572 1,733 1,577 1,256 1,409 1,489 1,506
Net Debt 1 -3,773 -5,235 -1,886 -1,536 -1,137 -1,776 -2,214 -2,277
Reference price 2 36.02 27.76 21.78 21.43 19.35 15.32 15.32 15.32
Nbr of stocks (in thousands) 944,095 944,095 944,095 944,130 944,939 944,939 - -
Announcement Date 24/2/22 25/4/23 24/4/24 28/4/25 29/4/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.21x1.23x7.71x6.76% 2.12B
7.23x0.99x4.91x7.69% 31.54B
10.82x0.28x4.99x4.81% 5.02B
15.18x1.14x9.32x1.93% 4.66B
9.8x1.58x6.13x3.33% 4.37B
12.56x0.84x9.03x0.78% 3.8B
23.59x0.5x8.07x2.37% 2.47B
19.13x - - 5.24% 2.42B
21.97x - - 1.94% 1.98B
-6428.13x - - - 1.89B
Average -629.76x 0.94x 7.17x 3.87% 6.03B
Weighted average by Cap. -191.82x 0.96x 5.94x 5.65%

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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