Company Valuation: Shandong Kaisheng New Materials Co.,Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025
Market Cap 1 20,515 11,601 9,010 6,234 11,694
Change - -43.45% -22.34% -30.81% 87.59%
Enterprise Value (EV) 1 19,837 11,145 8,550 5,870 10,876
Change - -43.82% -23.29% -31.35% 85.29%
P/E 94.7x 49.5x 57x 111x 91.1x
PBR 16.1x 8.19x 5.41x 3.81x 5.79x
PEG 6x 5.97x -1.7x -1.7x 1x
Capitalization / Revenue 23.3x 11.5x 9.13x 6.72x 11.4x
EV / Revenue 22.6x 11x 8.66x 6.33x 10.6x
EV / EBITDA 81.7x 36.8x 32.5x 31.9x 40.6x
EV / EBIT 96.7x 43.5x 48.7x 87.1x 77.7x
EV / FCF 302x 86.1x 349x 73.2x 378x
FCF Yield 0.33% 1.16% 0.29% 1.37% 0.26%
Dividend per Share 2 0.25 0.15 0.15 0.05 0.1
Rate of return 0.51% 0.54% 0.7% 0.34% 0.36%
EPS 2 0.5148 0.5575 0.3756 0.1331 0.3052
Distribution rate 48.6% 26.9% 39.9% 37.6% 32.8%
Net sales 1 879.6 1,010 986.9 927.9 1,026
EBITDA 1 242.8 303.1 262.7 183.8 268.1
EBIT 1 205.1 255.9 175.6 67.38 140
Net income 1 193.4 234.5 158 55.99 128.4
Net Debt 1 -678 -456.2 -460.3 -364 -817.8
Reference price 2 48.77 27.58 21.42 14.82 27.80
Nbr of stocks (in thousands) 420,640 420,640 420,640 420,640 420,647
Announcement Date 16/3/22 25/4/23 14/3/24 14/3/25 10/4/26
1CNY in Million2CNY
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 1.2B
32.5x7.17x18.48x1.23% 240B
30.64x4.72x15.26x1.94% 135B
32.05x3.83x19.81x0.9% 85.34B
92.7x6.8x15.83x2.32% 69.53B
18.67x6.67x29.61x3.96% 69.33B
69.69x1.3x8.57x5.64% 38.27B
11.05x1.1x5.94x2.79% 33.61B
16.89x1.93x11.25x2.34% 27.48B
46.44x5.71x31.43x1.24% 25.67B
Average 38.96x 4.36x 17.35x 2.48% 73B
Weighted average by Cap. 37.43x 5.39x 17.93x 2.04%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Shandong Kaisheng New Materials Co.,Ltd.

Historical PBR trend

Valuation ratios - PBR - Shandong Kaisheng New Materials Co.,Ltd.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Shandong Kaisheng New Materials Co.,Ltd.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Shandong Kaisheng New Materials Co.,Ltd.

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