Company Valuation: China Northern Rare Earth (Group) High-Tech Co.,Ltd

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,65,570 90,557 69,915 76,712 1,66,727 1,27,612 - -
Change - -45.31% -22.79% 9.72% 117.34% -23.46% - -
Enterprise Value (EV) 1 1,65,570 92,208 71,555 76,712 1,66,727 1,33,334 1,34,021 1,34,424
Change - -44.31% -22.4% 7.21% 117.34% -20.03% 0.52% 0.3%
P/E 32.3x 15.1x 29.5x 76.4x 74.1x 30.1x 24.3x 19.4x
PBR 10.8x 4.57x 3.23x 3.42x 6.76x 4.48x 3.84x 3.28x
PEG - 0.9x -0.5x -1.3x 1x 0.3x 1x 0.8x
Capitalization / Revenue 5.44x 2.43x 2.09x 2.33x 3.92x 2.4x 2.07x 1.84x
EV / Revenue 5.44x 2.47x 2.14x 2.33x 3.92x 2.5x 2.18x 1.93x
EV / EBITDA 23x 11.6x 19.4x 29.1x 37.4x 20.2x 16.8x 13.7x
EV / EBIT 24.7x 12.4x 23x 41.7x 48.8x 21.2x 16.5x 13.9x
EV / FCF 47.2x - - -116x - -171x 219x 122x
FCF Yield 2.12% - - -0.86% - -0.58% 0.46% 0.82%
Dividend per Share 2 0.445 0.17 0.07 0.035 0.13 0.2254 0.2919 0.3641
Rate of return 0.97% 0.68% 0.36% 0.16% 0.28% 0.64% 0.83% 1.03%
EPS 2 1.419 1.655 0.6558 0.2778 0.6227 1.172 1.453 1.822
Distribution rate 31.4% 10.3% 10.7% 12.6% 20.9% 19.2% 20.1% 20%
Net sales 1 30,408 37,260 33,497 32,966 42,563 53,281 61,500 69,498
EBITDA 1 7,208 7,937 3,697 2,641 4,458 6,606 7,971 9,836
EBIT 1 6,707 7,452 3,114 1,840 3,417 6,283 8,112 9,694
Net income 1 5,130 5,984 2,371 1,004 2,251 4,230 5,416 6,589
Net Debt 1 - 1,650 1,640 - - 5,722 6,409 6,812
Reference price 2 45.80 25.05 19.34 21.22 46.12 35.30 35.30 35.30
Nbr of stocks (in thousands) 36,15,066 36,15,066 36,15,066 36,15,066 36,15,066 36,15,066 - -
Announcement Date 14/04/22 21/04/23 18/04/24 08/04/25 14/04/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
30.11x2.5x20.18x0.64% 1.9TCr
9.37x2.2x5.73x6.95% 2.05TCr
23.81x7.65x14.31x0.12% 1.16TCr
7.74x1.13x4.8x9.82% 1.04TCr
23.28x7.25x13.71x0.31% 905.91Cr
21.63x - - 0.33% 870.65Cr
-154.87x17.83x57.31x-.--% 836.54Cr
5.19x0.85x2.57x8.14% 705.62Cr
7.98x1.69x5.39x5.14% 606.73Cr
Average -2.86x 5.14x 15.50x 3.49% 1.12TCr
Weighted average by Cap. 3.08x 4.60x 14.89x 3.5%

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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