Company Valuation: China Resources Pharmaceutical Group Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 22,303 39,705 32,229 35,810 27,957 29,245 - -
Change - 78.03% -18.83% 11.11% -21.93% 4.61% - -
Enterprise Value (EV) 1 61,337 73,426 71,468 90,725 90,801 78,480 71,774 59,466
Change - 19.71% -2.67% 26.95% 0.08% -13.57% -8.55% -17.15%
P/E 5.92x 9.58x 7.76x 10x 6.12x 5.97x 5.6x 5.34x
PBR 0.44x 0.8x 0.32x 0.34x 0.48x 0.45x 0.41x 0.37x
PEG - 1x 44.15x -0.7x 0.2x 0.83x 0.84x 1.08x
Capitalization / Revenue 0.09x 0.16x 0.12x 0.13x 0.09x 0.09x 0.09x 0.08x
EV / Revenue 0.26x 0.29x 0.27x 0.33x 0.3x 0.24x 0.21x 0.17x
EV / EBITDA 4.83x 4.38x 4.65x 5.47x 4.73x 3.94x 3.34x 2.86x
EV / EBIT 6.22x 5.39x 5.98x 6.98x 6.23x 4.87x 4.13x 3.39x
EV / FCF 5.88x 7.47x 5.49x 5.73x 4.37x -28.9x 9.78x 6.59x
FCF Yield 17% 13.4% 18.2% 17.5% 22.9% -3.46% 10.2% 15.2%
Dividend per Share 2 0.15 0.16 0.1669 0.1445 0.2203 0.2035 0.2202 0.218
Rate of return 4.23% 2.53% 3.25% 2.54% 4.95% 4.37% 4.73% 4.68%
EPS 2 0.6 0.66 0.6612 0.5677 0.7268 0.7794 0.8312 0.8725
Distribution rate 25% 24.2% 25.2% 25.5% 30.3% 26.1% 26.5% 25%
Net sales 1 2,36,806 2,54,106 2,65,229 2,75,999 3,06,131 3,27,819 3,40,757 3,52,428
EBITDA 1 12,690 16,775 15,382 16,601 19,202 19,905 21,499 20,777
EBIT 1 9,868 13,623 11,952 13,005 14,567 16,129 17,398 17,536
Net income 1 3,769 4,147 4,178 3,589 4,594 4,824 5,178 5,377
Net Debt 1 39,035 33,720 39,238 54,915 62,844 49,235 42,528 30,221
Reference price 2 3.550 6.320 5.130 5.700 4.450 4.655 4.655 4.655
Nbr of stocks (in thousands) 62,82,510 62,82,510 62,82,510 62,82,510 62,82,510 62,82,510 - -
Announcement Date 29/03/22 30/03/23 26/03/24 26/03/25 24/03/26 - - -
1HKD in Million2HKD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
5.91x0.24x3.93x4.42% 368.63Cr
35.75x12.79x26.94x0.55% 1,10600Cr
37.14x6.26x17.62x2.1% 61TCr
36.08x8.31x17.14x2.43% 50TCr
20.6x4.98x12.38x2.63% 37TCr
104.7x5.86x25.15x2.37% 35TCr
21.05x5.51x13.55x2.9% 29TCr
21.56x4.37x12.5x2.02% 26TCr
26.98x6.96x12.46x2.37% 23TCr
-44.72x6.87x26.59x2.15% 19TCr
Average 26.50x 6.21x 16.82x 2.4% 39.04TCr
Weighted average by Cap. 34.38x 8.10x 19.87x 1.85%

Y-o-Y evolution of P/E

Valuation ratios - P/E - China Resources Pharmaceutical Group Limited

Historical PBR trend

Valuation ratios - PBR - China Resources Pharmaceutical Group Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - China Resources Pharmaceutical Group Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - China Resources Pharmaceutical Group Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - China Resources Pharmaceutical Group Limited
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