Company Valuation: Beijing New Building Materials Public Limited Company

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 60,535 43,724 39,467 51,209 42,505 43,118 - -
Change - -27.77% -9.74% 29.75% -17% 1.44% - -
Enterprise Value (EV) 1 63,316 44,943 41,702 51,958 41,648 39,312 38,868 36,973
Change - -29.02% -7.21% 24.59% -19.84% -5.61% -1.13% -4.88%
P/E ratio 17.2x 13.9x 11.2x 14x 14.5x 12.3x 9.91x 9.14x
PBR 3.2x 2.09x 1.69x 1.99x 1.56x 1.47x 1.35x 1.24x
PEG - -1.3x 0.9x 4x -0.7x 0.6x 0.4x 1.08x
Capitalization / Revenue 2.87x 2.19x 1.76x 1.98x 1.68x 1.56x 1.44x 1.34x
EV / Revenue 3x 2.25x 1.86x 2.01x 1.65x 1.42x 1.3x 1.15x
EV / EBITDA 14.1x 10.9x 8.81x 10.3x 9.57x 7.08x 6.14x 5.22x
EV / EBIT 16.8x 13.6x 10.7x 13.1x 12.8x 10.1x 8.4x 7x
EV / FCF 28.7x 16.3x 11.2x 12.3x 13.6x 16.5x 13.5x 10.9x
FCF Yield 3.49% 6.12% 8.92% 8.14% 7.35% 6.04% 7.41% 9.16%
Dividend per Share 2 0.655 0.655 0.835 0.865 0.685 0.859 1.027 1.108
Rate of return 1.83% 2.53% 3.57% 2.85% 2.74% 3.39% 4.05% 4.37%
EPS 2 2.078 1.856 2.086 2.159 1.717 2.061 2.557 2.773
Distribution rate 31.5% 35.3% 40% 40.1% 39.9% 41.7% 40.2% 39.9%
Net sales 1 21,086 19,934 22,426 25,821 25,280 27,671 29,954 32,228
EBITDA 1 4,484 4,107 4,735 5,026 4,354 5,549 6,330 7,080
EBIT 1 3,769 3,311 3,880 3,974 3,263 3,886 4,630 5,281
Net income 1 3,510 3,136 3,524 3,647 2,906 3,488 4,152 4,703
Net Debt 1 2,780 1,218 2,235 748.5 -857.1 -3,806 -4,249 -6,145
Reference price 2 35.83 25.88 23.36 30.31 24.97 25.33 25.33 25.33
Nbr of stocks (in thousands) 16,89,508 16,89,508 16,89,508 16,89,508 17,02,236 17,02,236 - -
Announcement Date 22/03/22 21/03/23 19/03/24 26/03/25 25/03/26 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.42x1.44x7.17x3.36% 633.58Cr
12.53x1x6.47x3.1% 4.22TCr
22.17x2.8x13.76x1.99% 3.96TCr
18.59x3.16x12.77x1.32% 1.34TCr
16.18x2.07x10.91x1.85% 1.29TCr
-44.13x1.33x15.58x-.--% 1.18TCr
33.82x4.57x16.92x0.9% 801.99Cr
15.62x0.78x4.81x3.48% 802.99Cr
34.1x0.82x9.9x-.--% 757.33Cr
20.46x3.01x12.5x0.64% 734.81Cr
Average 14.18x 2.10x 11.08x 1.66% 1.57TCr
Weighted average by Cap. 14.16x 2.03x 10.81x 1.99%

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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