Company Valuation: Hangzhou Haoyue Personal Care Co., Ltd

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 20,299 8,790 8,021 5,906 6,124 6,458 6,458 -
Change - -56.7% -8.75% -26.37% 3.69% 5.46% 0% -
Enterprise Value (EV) 20,299 8,790 8,021 5,906 6,124 6,458 6,458 6,458
Change - -56.7% -8.75% -26.37% 3.69% 5.46% 0% 0%
P/E ratio 27.4x 24.1x 19.2x 13.4x 15.9x 19.8x 16.3x 13.8x
PBR 7.28x 2.94x 2.67x 1.84x 1.88x 1.88x 1.8x 1.68x
PEG - -0.5x 1x 2.58x -1.4x -1.4x 0.8x 0.8x
Capitalization / Revenue 7.83x 3.57x 2.86x 2.14x 2.09x 1.66x 1.5x 1.37x
EV / Revenue 0x 0x 0x 0x 0x 1.66x 1.5x 1.37x
EV / EBITDA 0x 0x 0x 0x 0x 12.7x 10.9x 9.9x
EV / EBIT 0x 0x 0x 0x 0x 16.6x 13.7x 11.6x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.4794 0.7143 0.5357 0.6071 - 1.09 0.73 -
Rate of return 0.53% 1.82% 1.45% 2.23% - 3.6% 2.41% -
EPS 2 3.332 1.629 1.929 2.029 1.793 1.53 1.85 2.19
Distribution rate 14.4% 43.9% 27.8% 29.9% - 71.2% 39.5% -
Net sales 1 2,591 2,462 2,802 2,757 2,929 3,886 4,298 4,730
EBITDA 1 756.5 485.8 512.1 622.2 595.6 510.3 589.9 652.2
EBIT 1 701.2 401.7 456.2 507.9 461.2 389.8 471.5 557.1
Net income 1 602 362.7 422.9 438.6 387.5 328.8 397.2 470.7
Net Debt - - - - - - - -
Reference price 2 91.23 39.28 37.05 27.26 28.54 30.24 30.24 30.24
Nbr of stocks (in thousands) 2,22,514 2,23,774 2,16,484 2,16,614 2,14,543 2,13,549 2,13,549 -
Announcement Date 05/03/21 25/04/22 14/04/23 11/04/24 14/04/25 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.76x - - - 93Cr
15.22x2.7x11.88x4.77% 3.63TCr
21.95x1.63x9.41x1.72% 1.19TCr
12.66x1.24x7.03x5.51% 433Cr
21.77x3.59x13.6x - 240.42Cr
34.1x1.05x12.7x0.77% 152.9Cr
27.68x2.34x19.46x2.57% 132.96Cr
19.03x - - 3.59% 65Cr
Average 21.52x 2.09x 12.35x 3.16% 742.08Cr
Weighted average by Cap. 17.52x 2.36x 11.28x 4.01%

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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