Company Valuation: Dongyue Group Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 27,423 19,359 12,733 14,070 18,748 22,161 - -
Change - -29.41% -34.23% 10.49% 33.25% 18.21% - -
Enterprise Value (EV) 1 21,959 13,339 10,007 11,426 13,078 14,208 11,841 9,233
Change - -39.25% -24.98% 14.17% 14.46% 8.64% -16.66% -22.03%
P/E 10.1x 4.35x 16.3x 16.5x 9.72x 7.7x 6.6x 6.05x
PBR 1.7x 1.05x 0.77x 1.09x 1.15x 1.19x 1.05x 0.93x
PEG - 0.1x -0.2x 0.4x 0x 0.2x 0.4x 0.67x
Capitalization / Revenue 1.41x 0.85x 0.81x 0.93x 1.15x 1.16x 1.1x 1.04x
EV / Revenue 1.13x 0.58x 0.64x 0.75x 0.8x 0.75x 0.59x 0.43x
EV / EBITDA 4.41x 1.92x 4.94x 4.07x 2.92x 2.49x 1.79x 1.39x
EV / EBIT 5.37x 2.27x 14.1x 7.49x 4.47x 2.77x 2.01x 1.63x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.34 0.6 0.1 0.1 0.3 0.558 0.638 0.679
Rate of return 2.8% 6.98% 1.77% 1.23% 2.77% 4.36% 4.99% 5.31%
EPS 2 1.205 1.975 0.3468 0.4925 1.113 1.662 1.938 2.114
Distribution rate 28.2% 30.4% 28.8% 20.3% 27% 33.6% 32.9% 32.1%
Net sales 1 19,485 22,868 15,709 15,183 16,302 19,028 20,161 21,356
EBITDA 1 4,975 6,954 2,026 2,805 4,478 5,709 6,628 6,660
EBIT 1 4,090 5,869 709.8 1,525 2,928 5,136 5,890 5,663
Net income 1 2,552 4,402 767.2 868.1 1,864 2,874 3,398 3,811
Net Debt 1 -5,464 -6,020 -2,726 -2,644 -5,670 -7,954 -10,320 -12,929
Reference price 2 12.16 8.59 5.65 8.12 10.82 12.79 12.79 12.79
Nbr of stocks (in thousands) 22,55,190 22,53,689 22,53,689 17,32,712 17,32,712 17,32,712 - -
Announcement Date 21/03/22 28/03/23 26/03/24 27/03/25 25/03/26 - - -
1HKD in Million2HKD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
7.7x0.75x2.49x4.36% 282.61Cr
33.9x4.8x19.34x1.1% 7.44TCr
29.28x4.56x19.59x2.2% 3.82TCr
21.67x2.62x13.55x2.46% 3.08TCr
15.47x1.48x9.01x2.03% 2.67TCr
36.27x8.91x27.09x2.53% 2.24TCr
10.7x2.76x5.84x3.74% 1.97TCr
26.79x2.78x11.37x1.59% 1.87TCr
11.58x2.38x5.12x1.37% 1.4TCr
22.7x2.71x12.47x1.51% 1.37TCr
Average 21.61x 3.38x 12.59x 2.29% 2.61TCr
Weighted average by Cap. 25.78x 3.94x 15.41x 1.95%

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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