Company Valuation: Adicon Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2023 2024 2025 2026 2027 2028
Market Cap 1 8,609 6,151 2,693 2,430 - -
Change - -28.55% -56.22% -9.76% - -
Enterprise Value (EV) 1 7,746 6,414 3,241 2,912 2,677 2,425
Change - -17.2% -49.47% -10.14% -8.1% -9.42%
P/E 38.2x 121x 127x 48.4x 37.6x 30.8x
PBR 5.04x 3.73x 1.58x 1.32x 1.2x 1.07x
PEG -0.6x -1.6x -2.2x 0x 1.3x 1.4x
Capitalization / Revenue 2.61x 2.11x 1.02x 0.91x 0.86x 0.82x
EV / Revenue 2.35x 2.2x 1.23x 1.09x 0.95x 0.82x
EV / EBITDA 11x 14.7x 9.75x 9.4x 7.84x 6.24x
EV / EBIT 14.5x 24.7x 22x 16.2x 11.8x 8.64x
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.31 0.07 0.03 0.07 0.09 0.11
Distribution rate - - - - - -
Net sales 1 3,298 2,914 2,638 2,662 2,812 2,961
EBITDA 1 701.9 435.7 332.4 309.7 341.2 388.2
EBIT 1 534.4 259.6 147.5 179.9 227.8 280.7
Net income 1 234.9 47.01 18.44 51.4 61.97 82.16
Net Debt 1 -863.6 262.1 547.6 482 246.2 -5.945
Reference price 2 11.837 8.476 3.801 3.386 3.386 3.386
Nbr of stocks (in thousands) 7,27,355 7,25,743 7,08,535 7,17,844 - -
Announcement Date 28/03/24 31/03/25 25/03/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
48.37x1.09x9.4x-.--% 36Cr
-166.49x13.84x-188.68x-.--% 3.97TCr
18.74x1.83x10.54x1.07% 2.23TCr
17.22x1.34x7.62x5.05% 742.78Cr
314.92x - - - 482.89Cr
48.91x8.7x30.91x1.06% 299.2Cr
-19.77x - - - 196.36Cr
-32.53x - - -.--% 188.81Cr
36.33x1.72x13.65x1.4% 191.86Cr
32.2x1.15x9.61x0.78% 185.3Cr
Average 29.79x 4.24x -15.28x 1.17% 852.58Cr
Weighted average by Cap. -51.07x 8.26x -92.24x 0.88%

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 Adicon Holdings Limited