Company Valuation: China United Network Communications Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,21,796 1,42,484 1,39,301 1,68,861 1,59,761 1,42,253 - -
Change - 16.99% -2.23% 21.22% -5.39% -10.96% - -
Enterprise Value (EV) 1 93,305 87,641 96,295 1,31,134 1,30,872 98,440 70,338 44,815
Change - -6.07% 9.87% 36.18% -0.2% -24.78% -28.55% -36.29%
P/E 19.1x 19.1x 16.8x 18.2x 17.5x 19.8x 17x 15.9x
PBR 0.82x 0.92x 0.88x 1.02x 0.95x 0.84x 0.84x 0.85x
PEG - 1.4x 1.5x 1.5x 511x -0.9x 1x 2.28x
Capitalization / Revenue 0.37x 0.4x 0.37x 0.43x 0.41x 0.36x 0.36x 0.35x
EV / Revenue 0.28x 0.25x 0.26x 0.34x 0.33x 0.25x 0.18x 0.11x
EV / EBITDA 1.05x 0.96x 1.07x 1.36x 1.5x 1.13x 0.79x 0.48x
EV / EBIT 5.27x 4.3x 4.22x 5.78x 5.23x 4.94x 3.29x 1.94x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.096 0.0427 0.0524 0.0621 0.0523 0.1377 0.1584 0.1737
Rate of return 2.44% 0.95% 1.2% 1.17% 1.02% 3.03% 3.48% 3.82%
EPS 2 0.206 0.234 0.261 0.292 0.2921 0.2294 0.2674 0.2861
Distribution rate 46.6% 18.2% 20.1% 21.3% 17.9% 60% 59.2% 60.7%
Net sales 1 3,27,854 3,54,944 3,72,600 3,89,589 3,92,223 3,92,228 3,96,606 4,01,914
EBITDA 1 89,038 91,127 90,154 96,422 87,011 87,229 89,479 92,586
EBIT 1 17,696 20,401 22,800 22,700 25,036 19,932 21,348 23,064
Net income 1 6,305 7,299 8,200 9,030 9,127 5,918 8,003 8,898
Net Debt 1 -28,492 -54,843 -43,006 -37,727 -28,889 -43,814 -71,915 -97,438
Reference price 2 3.930 4.480 4.380 5.310 5.110 4.550 4.550 4.550
Nbr of stocks (in thousands) 3,09,91,393 3,18,04,436 3,18,03,992 3,18,00,581 3,12,64,425 3,12,64,425 - -
Announcement Date 11/03/22 08/03/23 04/03/24 18/03/25 19/03/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.4x0.24x1.09x3.09% 2.09TCr
11.56x1.34x4.22x6.73% 23TCr
9.98x2.47x6.49x6.25% 19TCr
12.52x2.08x5.35x4.36% 14TCr
39.3x8.38x15.47x - 13TCr
11.89x1x3.76x6.43% 9.02TCr
13.62x1.87x8.14x3.07% 9TCr
13.68x2.04x5.13x2.4% 7.43TCr
13.9x2.58x8.16x5.3% 5.52TCr
22.06x5.1x18.64x4.92% 5.23TCr
Average 16.79x 2.71x 7.65x 4.73% 10.69TCr
Weighted average by Cap. 16.02x 2.81x 7.38x 5.29%

Y-o-Y evolution of P/E

Valuation ratios - P/E - China United Network Communications Limited

Historical PBR trend

Valuation ratios - PBR - China United Network Communications Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - China United Network Communications Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - China United Network Communications Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - China United Network Communications Limited
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