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 4,861 - -
Change - -27.02% 5.19% -44.1% 26.88% -42.6% - -
Enterprise Value (EV) 1 15,552 10,706 11,271 5,605 7,990 4,208 4,124 3,950
Change - -31.16% 5.28% -50.28% 42.56% -47.34% -1.98% -4.22%
P/E 67.4x 95.6x 118x 247x -31x -39.5x 25.4x 39.5x
PBR 6.38x 4.29x 4.24x 2.48x 3.49x 1.66x 1.53x -
PEG - -2x -7.7x -3.4x 0x 0.7x -0x -1.1x
Capitalization / Revenue 6.23x 4.47x 5.39x 2.76x 4.95x 4.47x 2.09x 2.71x
EV / Revenue 6.23x 4.21x 5.08x 2.32x 4.67x 3.87x 1.77x 2.2x
EV / EBITDA - - - - - - - -
EV / EBIT 65.4x 800x 325x 713x -35.1x 17.2x 22.2x 37.5x
EV / FCF -240x 1,068x 45.2x -3,082x 276x 17.8x 14.7x -
FCF Yield -0.42% 0.09% 2.21% -0.03% 0.36% 5.63% 6.81% -
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% - 1.27% 1.5% -
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 10.66 10.66 10.66
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-39.48x3.87x - 1.27% 72Cr
34.07x12.1x22.1x0.81% 12TCr
42.69x7.18x30.98x1.72% 4.81TCr
29.28x1.28x14.56x-.--% 4.2TCr
21.13x1.8x8.86x1.42% 3.51TCr
29.33x2.15x14.37x1.52% 3.03TCr
28.94x4.42x17.64x-.--% 2.81TCr
10.72x6x16.62x1.4% 2.63TCr
25.37x3.2x13.42x-.--% 1.78TCr
29.89x4.72x18.38x0.75% 1.76TCr
Average 21.19x 4.67x 17.44x 0.89% 3.68TCr
Weighted average by Cap. 30.20x 6.60x 19.17x 0.89%

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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