Company Valuation: Quectel Wireless Solutions Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 29,641 19,053 14,197 17,908 27,461 24,298 - -
Change - -35.72% -25.49% 26.14% 53.35% -11.52% - -
Enterprise Value (EV) 1 30,439 19,926 14,570 18,239 27,299 23,304 24,298 21,355
Change - -34.54% -26.88% 25.18% 49.67% -14.63% 4.26% -12.11%
P/E 73.9x 30.6x 158x 30.7x 29.8x 16.7x 15.7x 13.5x
PBR 9.26x 5.12x 3.92x 4.48x 3.64x 2.99x 2.59x 2.23x
PEG - 0.6x -1.8x 0x 0.7x 0.3x 2.42x 0.9x
Capitalization / Revenue 2.63x 1.34x 1.02x 0.96x 1.13x 0.77x 0.64x 0.53x
EV / Revenue 2.7x 1.4x 1.05x 0.98x 1.12x 0.74x 0.64x 0.47x
EV / EBITDA 53.7x 22.5x 34.3x 19.9x 23.2x 11.3x 10.8x 8.47x
EV / EBIT 84.5x 32.6x 177x 31.1x 33.5x 16x 15.1x 12x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.2904 0.5102 0.0786 0.1857 0.2714 0.42 0.53 -
Rate of return 0.36% 0.99% 0.2% 0.38% 0.4% 0.7% 0.88% -
EPS 2 1.083 1.684 0.2429 1.593 2.286 3.615 3.85 4.457
Distribution rate 26.8% 30.3% 32.4% 11.7% 11.9% 11.6% 13.8% -
Net sales 1 11,262 14,230 13,861 18,594 24,326 31,526 38,187 45,559
EBITDA 1 566.4 884 425.2 916.7 1,176 2,066 2,244 2,520
EBIT 1 360.2 611.4 82.44 586.6 815.8 1,458 1,613 1,787
Net income 1 358.1 623.8 90.71 588.2 837.1 1,463 1,554 1,798
Net Debt 1 797.7 873.1 372.9 331.1 -162.7 -993.7 - -2,943
Reference price 2 80.02 51.44 38.39 48.89 68.15 60.30 60.30 60.30
Nbr of stocks (in thousands) 3,70,405 3,70,405 3,69,787 3,66,321 4,02,953 4,02,953 - -
Announcement Date 07/03/22 12/04/23 22/04/24 23/04/25 23/04/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.68x0.74x11.28x0.7% 365.07Cr
606.87x37.06x73.98x - 1,83000Cr
33.89x5.44x22.57x0.25% 16TCr
14.04x2.61x6.63x2.66% 17TCr
10.69x2.25x6.05x5.18% 14TCr
30.69x5.56x9.75x1.69% 13TCr
7.89x1.36x4.93x5.71% 8.25TCr
18.48x2.14x8.1x3.77% 7.13TCr
14.17x2.33x7.62x2.96% 6.86TCr
13.35x1.42x4.82x3.4% 3.67TCr
Average 76.68x 6.09x 15.57x 2.93% 26.94TCr
Weighted average by Cap. 418.44x 26.22x 53.44x 2.91%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Quectel Wireless Solutions Co., Ltd.

Historical PBR trend

Valuation ratios - PBR - Quectel Wireless Solutions Co., Ltd.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Quectel Wireless Solutions Co., Ltd.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Quectel Wireless Solutions Co., Ltd.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Quectel Wireless Solutions Co., Ltd.
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