Company Valuation: Haier Smart Home Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 2,45,665 2,65,005 2,20,575 1,87,836 2,51,657 2,32,115 2,32,115 -
Change - 7.87% -16.77% -14.84% 33.98% -7.77% 0% -
Enterprise Value (EV) 1 2,32,949 2,43,370 1,95,965 1,65,337 2,36,052 1,87,700 1,78,066 1,66,220
Change - 4.47% -19.48% -15.63% 42.77% -20.48% -5.13% -6.65%
P/E ratio 22.4x 21.4x 15.6x 11.8x 14.1x 11.5x 10.5x 9.53x
PBR 4.09x 3.52x 2.47x 1.91x 2.4x 1.96x 1.77x 1.6x
PEG - 2.97x 1.3x 0.9x 1x 1x 1.09x 0.98x
Capitalization / Revenue 1.17x 1.16x 0.91x 0.72x 0.88x 0.75x 0.72x 0.68x
EV / Revenue 1.11x 1.07x 0.8x 0.63x 0.83x 0.61x 0.55x 0.49x
EV / EBITDA 12.5x 11.6x 9.31x 6.45x 7.9x 5.9x 5.2x 4.52x
EV / EBIT 17.1x 15.3x 13.1x 8.32x 10.3x 7.57x 6.55x 5.6x
EV / FCF 23x 15.2x 16.1x 10.7x 14.3x 7.12x 7.82x 6.72x
FCF Yield 4.36% 6.59% 6.21% 9.39% 7% 14% 12.8% 14.9%
Dividend per Share 2 0.366 0.46 0.566 0.804 0.965 1.137 1.263 1.425
Rate of return 1.25% 1.54% 2.31% 3.83% 3.39% 4.39% 4.87% 5.5%
EPS 2 1.306 1.4 1.57 1.78 2.02 2.261 2.48 2.72
Distribution rate 28% 32.9% 36.1% 45.2% 47.8% 50.3% 50.9% 52.4%
Net sales 1 2,09,726 2,27,556 2,43,485 2,61,428 2,85,981 3,08,674 3,22,361 3,41,397
EBITDA 1 18,687 20,938 21,057 25,616 29,862 31,814 34,252 36,803
EBIT 1 13,598 15,876 15,011 19,880 22,912 24,807 27,173 29,659
Net income 1 8,877 13,067 14,711 16,597 18,741 21,126 22,837 24,784
Net Debt 1 -12,716 -21,635 -24,610 -22,499 -15,606 -44,414 -54,048 -65,895
Reference price 2 29.21 29.89 24.46 21.00 28.47 25.93 25.93 25.93
Nbr of stocks (in thousands) 90,27,846 93,19,212 93,08,051 92,36,587 92,46,721 93,10,165 93,10,165 -
Announcement Date 30/03/21 30/03/22 30/03/23 27/03/24 27/03/25 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.45x0.61x5.9x4.39% 3.33TCr
13x1.02x9.13x5.26% 8.18TCr
27.34x2.8x15.85x-.--% 1.78TCr
45.55x3.56x31.3x - 1.05TCr
16.78x1.32x8.14x2.99% 653.95Cr
16.07x1.42x12.42x5.56% 509.46Cr
16.65x0.83x6.01x2.45% 352.1Cr
31.32x - - - 335.78Cr
11.66x0.6x5.86x4.14% 318.77Cr
31.63x2.3x15.44x1.26% 289.07Cr
Average 22.15x 1.61x 12.23x 3.26% 1.68TCr
Weighted average by Cap. 17.23x 1.32x 10.66x 4.21%
See all sector valuations

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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