Company Valuation: Advanced Micro-Fabrication Equipment Inc. China

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 84,289 78,017 60,398 95,121 117,726 115,056 - -
Change - -7.44% -22.58% 57.49% 23.76% -2.27% - -
Enterprise Value (EV) 1 83,157 69,370 53,585 88,541 110,722 107,410 106,680 104,976
Change - -16.58% -22.76% 65.24% 25.05% -2.99% -0.68% -1.6%
P/E ratio 171x 71.9x 51.6x 53.3x 72.8x 48.2x 33.9x 27.1x
PBR 19.3x 5.6x 3.9x 5.34x 5.96x 5.23x 4.59x 3.96x
PEG - 0.8x 6.49x 1x -7.49x 1x 0.8x 1.1x
Capitalization / Revenue 37.1x 25.1x 12.7x 15.2x 13x 9.53x 7.19x 5.95x
EV / Revenue 36.6x 22.3x 11.3x 14.1x 12.2x 8.9x 6.67x 5.43x
EV / EBITDA 139x 59.9x 38.5x 41.3x 90x 41.4x 28.2x 21.4x
EV / EBIT 159x 61.2x 42.4x 44.7x 65x 46.9x 31.2x 24.9x
EV / FCF 140x 133x -60.5x -48x 197x 55.8x 123x 40.1x
FCF Yield 0.71% 0.75% -1.65% -2.08% 0.51% 1.79% 0.81% 2.49%
Dividend per Share 2 - - - 0.3 0.3 0.5166 0.736 1.285
Rate of return - - - 0.2% 0.16% 0.28% 0.4% 0.7%
EPS 2 0.92 1.76 1.9 2.88 2.6 3.821 5.435 6.802
Distribution rate - - - 10.4% 11.5% 13.5% 13.5% 18.9%
Net sales 1 2,273 3,108 4,740 6,264 9,065 12,072 16,002 19,327
EBITDA 1 598.6 1,159 1,392 2,142 1,230 2,592 3,781 4,915
EBIT 1 523.6 1,134 1,263 1,980 1,704 2,292 3,414 4,209
Net income 1 492.2 1,011 1,170 1,786 1,616 2,365 3,406 4,249
Net Debt 1 -1,132 -8,647 -6,814 -6,581 -7,004 -7,646 -8,376 -10,080
Reference price 2 157.59 126.60 98.01 153.60 189.16 184.37 184.37 184.37
Nbr of stocks (in thousands) 534,862 616,244 616,244 619,279 622,364 624,049 - -
Announcement Date 2/24/21 2/23/22 2/27/23 2/28/24 2/27/25 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
48.25x8.9x41.44x0.28% 16.05B
22.66x5.48x17.3x0.86% 159B
30.95x5.88x24.34x0.34% 33.28B
37.63x10.69x23.72x1.1% 32.13B
39.45x7.29x21.25x0.65% 30.06B
29.33x3x8.69x-.--% 22.88B
58.1x15.61x42.3x1.68% 11.79B
33.31x6.56x26.08x0.64% 6.91B
26.44x10.38x20.05x0.97% 6.49B
46.39x8.13x36.56x0.43% 6.37B
Average 37.25x 8.19x 26.17x 0.69% 32.48B
Weighted average by Cap. 30.33x 6.74x 21.14x 0.74%
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Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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