Company Valuation: China Renaissance Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 7,117 6,627 4,083 3,616 1,538 2,128
Change - -6.89% -38.39% -11.43% -57.47% 38.37%
Enterprise Value (EV) 1 3,558 3,317 1,107 -140.9 -3,715 -2,678
Change - -6.77% -66.62% -112.73% -2,535.79% 27.9%
P/E 6.74x 3.9x -8.45x -6.77x -7.68x 19.5x
PBR 1.21x 0.97x 0.63x 0.59x 0.25x 0.35x
PEG - 0.1x 0x -0.6x 0.1x -0x
Capitalization / Revenue 2.62x 2.82x 3x 5x 1.87x 1.71x
EV / Revenue 1.31x 1.41x 0.81x -0.19x -4.51x -2.15x
EV / EBITDA - - - - - -
EV / EBIT - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 0.38 0.38 - - - -
Rate of return 2.85% 3.16% - - - -
EPS 2 1.98 3.09 -0.85 -0.94 -0.35 0.19
Distribution rate 19.2% 12.3% - - - -
Net sales 1 2,719 2,354 1,359 722.9 823.6 1,244
EBITDA - - - - - -
EBIT - - - - - -
Net income 1 1,038 1,624 -429.9 -471.9 -179 101.4
Net Debt 1 -3,559 -3,309 -2,975 -3,757 -5,253 -4,806
Reference price 2 13.355 12.041 7.183 6.362 2.688 3.711
Nbr of stocks (in thousands) 5,32,953 5,50,365 5,68,398 5,68,398 5,72,198 5,73,348
Announcement Date 21/04/21 22/04/22 10/09/24 10/09/24 30/04/25 30/04/26
1CNY in Million2CNY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 22Cr
9.56x7.06x11.35x3.64% 4.64TCr
6.06x - - 1.47% 1.29TCr
17.41x3.31x11.48x2.2% 875.12Cr
20.61x10.21x14.36x3.66% 667.77Cr
14.11x - - 7.46% 543.75Cr
16.43x2.16x - 2.9% 531.72Cr
22.71x2.61x12.36x3.9% 494.34Cr
35.5x2.18x9.63x0.58% 437.06Cr
Average 17.80x 4.59x 11.84x 3.23% 1.06TCr
Weighted average by Cap. 13.12x 6.00x 11.61x 3.27%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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