Company Valuation: Tongfu Microelectronics Co.,Ltd

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 25,708 21,805 34,928 44,845 57,213 86,351 - -
Change - -15.18% 60.18% 28.39% 27.58% 50.93% - -
Enterprise Value (EV) 1 30,824 29,785 44,468 55,243 70,571 98,518 95,216 91,684
Change - -3.37% 49.3% 24.23% 27.75% 39.6% -3.35% -3.71%
P/E 27x 44.5x 210x 65.7x 47.1x 54.3x 45.7x 38.1x
PBR 2.48x 1.8x 2.52x 3.05x 3.69x 4.86x 4.55x 4.09x
PEG - -0.9x -3x 0x 0.6x 1.8x 2.4x 1.9x
Capitalization / Revenue 1.63x 1.02x 1.57x 1.88x 2.05x 2.63x 2.29x 2.03x
EV / Revenue 1.95x 1.39x 2x 2.31x 2.53x 3x 2.53x 2.15x
EV / EBITDA 10.4x 8.67x 11.8x 12.1x 13.5x 14.6x 12.9x 11.2x
EV / EBIT 32.6x 63.2x 183x 52.6x 40.4x 46.9x 37.4x 30.7x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - 0.097 0.012 0.045 0.081 0.0807 0.1332 0.1281
Rate of return - 0.59% 0.05% 0.15% 0.21% 0.14% 0.23% 0.23%
EPS 2 0.72 0.37 0.11 0.45 0.8 1.048 1.244 1.492
Distribution rate - 26.2% 10.9% 10% 10.1% 7.7% 10.7% 8.58%
Net sales 1 15,812 21,429 22,269 23,882 27,921 32,881 37,667 42,614
EBITDA 1 2,969 3,437 3,783 4,549 5,242 6,755 7,393 8,151
EBIT 1 945.6 471.3 243 1,049 1,748 2,099 2,545 2,985
Net income 1 953.6 502 169.4 677.6 1,219 1,570 1,916 2,244
Net Debt 1 5,116 7,980 9,540 10,398 13,357 12,167 8,864 5,333
Reference price 2 19.43 16.48 23.12 29.55 37.70 56.90 56.90 56.90
Nbr of stocks (in thousands) 13,23,117 13,23,117 15,10,714 15,17,597 15,17,597 15,17,597 - -
Announcement Date 10/03/22 29/03/23 12/04/24 11/04/25 16/04/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
41.39x13.98x31.73x0.57% 70TCr
38.8x11.77x34.04x0.38% 41TCr
34.94x11.63x28.61x0.35% 41TCr
36.23x14.19x29.43x0.49% 25TCr
34.3x7.75x23.62x1.42% 17TCr
36.71x13.74x26.72x0.26% 16TCr
37.42x4.03x18.58x1.38% 9.7TCr
59.72x8.86x47.16x0.15% 6.66TCr
45.16x12.03x33.92x0.13% 6.27TCr
Average 40.52x 10.89x 30.42x 0.57% 25.81TCr
Weighted average by Cap. 38.85x 12.11x 30.34x 0.54%

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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