Company Valuation: Hangzhou Robam Appliances Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 38,701 34,006 26,208 20,562 20,233 19,315 19,315 -
Change - -12.13% -22.93% -21.54% -1.6% -4.54% 0% -
Enterprise Value (EV) 1 34,786 30,234 20,973 18,677 18,696 17,485 16,890 16,212
Change - -13.09% -30.63% -10.95% 0.1% -6.48% -3.4% -4.01%
P/E ratio 23.2x 25.5x 16.6x 11.9x 12.8x 12.2x 11.6x 10.9x
PBR 4.8x 3.97x 2.71x 1.96x 1.81x 1.62x 1.52x 1.41x
PEG - -1.3x 0.9x 1.24x -1.46x 45.78x 2.14x 1.77x
Capitalization / Revenue 4.76x 3.35x 2.55x 1.84x 1.8x 1.73x 1.67x 1.6x
EV / Revenue 4.28x 2.98x 2.04x 1.67x 1.67x 1.56x 1.46x 1.34x
EV / EBITDA 16.9x 18.1x 10.8x 8.58x 9.45x 9.74x 9.01x 8.22x
EV / EBIT 17.6x 19.6x 11.8x 9.4x 10.4x 10.6x 9.66x 8.75x
EV / FCF 27.7x 32.4x 14.5x 9.04x 13.3x 17.2x 11.8x 10.5x
FCF Yield 3.61% 3.08% 6.88% 11.1% 7.5% 5.8% 8.46% 9.56%
Dividend per Share 2 0.5 0.5 0.5 0.5 0.5 1.017 1.054 1.103
Rate of return 1.23% 1.39% 1.8% 2.3% 2.33% 4.97% 5.16% 5.4%
EPS 2 1.76 1.41 1.67 1.83 1.67 1.674 1.765 1.874
Distribution rate 28.4% 35.5% 29.9% 27.3% 29.9% 60.7% 59.7% 58.9%
Net sales 1 8,136 10,148 10,272 11,202 11,213 11,194 11,545 12,059
EBITDA 1 2,061 1,671 1,939 2,176 1,979 1,795 1,875 1,973
EBIT 1 1,981 1,544 1,775 1,988 1,790 1,642 1,749 1,853
Net income 1 1,674 1,334 1,572 1,733 1,577 1,581 1,668 1,771
Net Debt 1 -3,915 -3,773 -5,235 -1,886 -1,536 -1,830 -2,425 -3,102
Reference price 2 40.78 36.02 27.76 21.78 21.43 20.44 20.44 20.44
Nbr of stocks (in thousands) 9,49,024 9,44,095 9,44,095 9,44,095 9,44,130 9,44,939 9,44,939 -
Announcement Date 23/02/21 24/02/22 25/04/23 24/04/24 28/04/25 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.95x1.53x9.51x5.08% 274.38Cr
6.7x0.81x4.1x7.69% 2.98TCr
19.51x1.69x14.18x1.53% 542.53Cr
22.09x1.61x21.29x0.53% 503.11Cr
9.37x0.21x3.76x5.39% 439.02Cr
13.34x0.62x8.15x5.88% 394.43Cr
8.82x1.41x5.25x3.33% 357.46Cr
17x - - - 273.42Cr
26.01x - - 1.85% 226.11Cr
Average 14.98x 1.12x 9.46x 3.91% 665.25Cr
Weighted average by Cap. 11.36x 0.98x 7.28x 5.54%

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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