Company Valuation: China Ruyi Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 27,242 19,509 20,044 35,130 36,793 22,585 - -
Change - -28.39% 2.74% 75.27% 4.73% -38.62% - -
Enterprise Value (EV) 1 27,242 19,509 20,044 33,208 31,578 15,259 14,046 12,514
Change - -28.39% 2.74% 65.68% -4.91% -51.68% -7.95% -10.9%
P/E 21.6x 22.4x 26.8x -146x 16.9x 16.3x 14.7x 12.5x
PBR - - 1.82x 1.7x 1.27x 0.78x 0.74x 0.69x
PEG - -0.6x -1x 1x -0x -0.5x 1.4x 0.7x
Capitalization / Revenue - - 5.1x 8.93x 9.68x 5.9x 5.21x 4.6x
EV / Revenue - - 5.1x 8.44x 8.31x 3.99x 3.24x 2.55x
EV / EBITDA - - 9.18x 31.5x 9.03x 5.36x 4.46x 3.34x
EV / EBIT - - 18.8x 475x 16.8x 9.36x 7.31x 5.51x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.1366 0.0872 0.0646 -0.0168 0.1298 0.084 0.093 0.109
Distribution rate - - - - - - - -
Net sales 1 - - 3,928 3,936 3,800 3,828 4,332 4,904
EBITDA 1 - - 2,183 1,056 3,495 2,847 3,152 3,744
EBIT 1 - - 1,063 69.9 1,885 1,630 1,921 2,273
Net income 1 1,450 902.3 739.1 -204.3 2,042 1,475 1,633 1,922
Net Debt 1 - - - -1,922 -5,215 -7,326 -8,539 -10,070
Reference price 2 2.950 1.950 1.730 2.450 2.190 1.365 1.365 1.365
Nbr of stocks (in thousands) 92,34,648 1,00,04,648 1,15,85,898 1,43,38,927 1,68,00,615 1,65,45,651 - -
Announcement Date 31/03/22 31/03/23 28/03/24 31/03/25 31/03/26 - - -
1HKD in Million2HKD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.25x3.99x5.36x-.--% 288.03Cr
50.66x0.91x7.1x1.85% 1.22TCr
-403.84x8.77x-917.52x-.--% 941.91Cr
27.18x3.26x13.94x1.35% 853.4Cr
35.23x2.76x5.06x0.46% 592.12Cr
60.45x17.31x43.96x1.07% 508.62Cr
10.54x1.5x7.96x4.49% 425.99Cr
77.01x3.79x24.14x0.32% 352.9Cr
-85.92x1.51x14.16x-.--% 332.37Cr
31.62x3.61x16.56x0.26% 214.03Cr
Average -18.08x 4.74x -77.93x 0.98% 572.78Cr
Weighted average by Cap. -40.03x 4.71x -139.08x 1.1%

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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