Company Valuation: China Travel International Investment Hong Kong Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 8,526 9,800 7,419 5,537 7,142 6,312 - -
Change - 14.94% -24.29% -25.37% 29% -11.63% - -
Enterprise Value (EV) 8,526 9,800 7,419 5,537 7,142 6,312 6,312 6,312
Change - 14.94% -24.29% -25.37% 29% -11.63% 0% 0%
P/E 49x -27.5x - - -25.3x 20.7x 17.5x 12.7x
PBR 0.49x 0.6x 0.45x - 0.63x 0.51x 0.49x 0.51x
PEG - 0x - - - -0x 1x 0.3x
Capitalization / Revenue 2.34x 3.23x 1.65x 1.2x 1.75x 1.38x 1.29x 1.23x
EV / Revenue 0x 0x 0x 0x 0x 1.38x 1.29x 1.23x
EV / EBITDA 0x -0x 0x 0x 0x 6.12x 5.68x 4.84x
EV / EBIT -0x -0x 0x 0x 0x 14.8x 12.7x 9.54x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - - 0.025 0.015 0.01 0.0141 0.0166 0.0284
Rate of return - - 1.87% 1.5% 0.78% 1.24% 1.45% 2.49%
EPS 2 0.0314 -0.0643 - - -0.0509 0.055 0.065 0.09
Distribution rate - - - - -19.6% 25.6% 25.5% 31.5%
Net sales 1 3,648 3,032 4,494 4,627 4,076 4,571 4,883 5,150
EBITDA 1 259.8 -117.7 1,089 870.4 935.1 1,031 1,112 1,304
EBIT 1 -330 -659.2 565.1 363.1 308.8 427 495.2 661.3
Net income 1 174 -355.8 239.5 106 -282.1 294.3 348.8 435.2
Net Debt - - - - - - - -
Reference price 2 1.540 1.770 1.340 1.000 1.290 1.140 1.140 1.140
Nbr of stocks (in thousands) 55,36,634 55,36,634 55,36,634 55,36,634 55,36,634 55,36,634 - -
Announcement Date 30/03/22 31/03/23 26/03/24 26/03/25 31/03/26 - - -
1HKD in Million2HKD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.55x - - 1.25% 80Cr
-50.94x3.6x15.22x-.--% 492.29Cr
6.1x0.21x2.29x2.39% 400.85Cr
17.38x2x5.59x1.42% 205.45Cr
31.76x - - - 141.84Cr
8.26x1.6x5.28x5.66% 122.02Cr
-46.03x2.13x7.72x3.31% 99Cr
22.41x - - 1.28% 98Cr
Average 1.18x 1.91x 7.22x 2.19% 204.9Cr
Weighted average by Cap. -8.71x 2.03x 8.31x 1.67%

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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