Company Valuation: Appotronics Corporation Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 15,552 11,350 11,939 6,674 8,468 4,797 - -
Change - -27.02% 5.19% -44.1% 26.88% -43.35% - -
Enterprise Value (EV) 1 15,552 10,706 11,271 5,605 7,990 4,144 4,061 3,887
Change - -31.16% 5.28% -50.28% 42.56% -48.14% -2.01% -4.28%
P/E 67.4x 95.6x 118x 247x -31x -39x 25x 39x
PBR 6.38x 4.29x 4.24x 2.48x 3.49x 1.64x 1.51x -
PEG - -2x -7.7x -3.4x 0x 0.7x -0x -1.1x
Capitalization / Revenue 6.23x 4.47x 5.39x 2.76x 4.95x 4.41x 2.06x 2.67x
EV / Revenue 6.23x 4.21x 5.08x 2.32x 4.67x 3.81x 1.74x 2.17x
EV / EBITDA - - - - - - - -
EV / EBIT 65.4x 800x 325x 713x -35.1x 17x 21.8x 36.9x
EV / FCF -240x 1,068x 45.2x -3,082x 276x 17.5x 14.5x -
FCF Yield -0.42% 0.09% 2.21% -0.03% 0.36% 5.72% 6.92% -
Dividend per Share 2 0.105 0.054 0.07 0.025 - 0.135 0.16 -
Rate of return 0.31% 0.22% 0.27% 0.17% - 1.28% 1.52% -
EPS 2 0.51 0.26 0.22 0.06 -0.6 -0.27 0.42 0.27
Distribution rate 20.6% 20.8% 31.8% 41.7% - -50% 38.1% -
Net sales 1 2,498 2,541 2,217 2,419 1,709 1,087 2,330 1,795
EBITDA 365.6 147.1 166.5 244.8 100 - - -
EBIT 1 237.7 13.39 34.68 7.857 -227.6 244 186 105.2
Net income 1 233.4 119.4 102 27.95 -273.6 -122.1 195.8 121.9
Net Debt 1 - -644.5 -667.4 -1,070 -478.2 -653.6 -736.8 -910.7
Reference price 2 34.35 24.86 25.88 14.79 18.57 10.52 10.52 10.52
Nbr of stocks (in thousands) 4,52,757 4,56,565 4,61,311 4,51,264 4,56,017 4,56,017 - -
Announcement Date 25/02/22 27/02/23 23/02/24 27/02/25 28/02/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-40.07x3.94x - 1.25% 74Cr
32.92x11.65x21.28x0.84% 12TCr
47.25x7.87x34.25x1.56% 5.29TCr
27.78x1.29x14.62x-.--% 4.22TCr
20.99x1.76x8.59x1.46% 3.42TCr
28.42x2.01x13.92x1.65% 2.86TCr
28.95x4.41x17.59x-.--% 2.8TCr
10.56x5.91x16.4x1.41% 2.67TCr
32.65x5x19.97x0.7% 1.92TCr
23.81x3.03x12.69x-.--% 1.67TCr
Average 21.33x 4.69x 17.70x 0.89% 3.7TCr
Weighted average by Cap. 30.45x 6.56x 19.54x 0.9%

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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