Company Valuation: China Northern Rare Earth (Group) High-Tech Co.,Ltd

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 165,570 90,557 69,915 76,712 166,727 141,132 - -
Change - -45.31% -22.79% 9.72% 117.34% -15.35% - -
Enterprise Value (EV) 1 165,570 92,208 71,555 76,712 166,727 146,854 147,541 147,944
Change - -44.31% -22.4% 7.21% 117.34% -11.92% 0.47% 0.27%
P/E 32.3x 15.1x 29.5x 76.4x 74.1x 33.3x 26.9x 21.4x
PBR 10.8x 4.57x 3.23x 3.42x 6.76x 4.95x 4.24x 3.63x
PEG - 0.9x -0.5x -1.3x 1x 0.4x 1.1x 0.8x
Capitalization / Revenue 5.44x 2.43x 2.09x 2.33x 3.92x 2.65x 2.29x 2.03x
EV / Revenue 5.44x 2.47x 2.14x 2.33x 3.92x 2.76x 2.4x 2.13x
EV / EBITDA 23x 11.6x 19.4x 29.1x 37.4x 22.2x 18.5x 15x
EV / EBIT 24.7x 12.4x 23x 41.7x 48.8x 23.4x 18.2x 15.3x
EV / FCF 47.2x - - -116x - -189x 241x 135x
FCF Yield 2.12% - - -0.86% - -0.53% 0.42% 0.74%
Dividend per Share 2 0.445 0.17 0.07 0.035 0.13 0.2254 0.2919 0.3641
Rate of return 0.97% 0.68% 0.36% 0.16% 0.28% 0.58% 0.75% 0.93%
EPS 2 1.419 1.655 0.6558 0.2778 0.6227 1.172 1.453 1.822
Distribution rate 31.4% 10.3% 10.7% 12.6% 20.9% 19.2% 20.1% 20%
Net sales 1 30,408 37,260 33,497 32,966 42,563 53,281 61,500 69,498
EBITDA 1 7,208 7,937 3,697 2,641 4,458 6,606 7,971 9,836
EBIT 1 6,707 7,452 3,114 1,840 3,417 6,283 8,112 9,694
Net income 1 5,130 5,984 2,371 1,004 2,251 4,230 5,416 6,589
Net Debt 1 - 1,650 1,640 - - 5,722 6,409 6,812
Reference price 2 45.80 25.05 19.34 21.22 46.12 39.04 39.04 39.04
Nbr of stocks (in thousands) 3,615,066 3,615,066 3,615,066 3,615,066 3,615,066 3,615,066 - -
Announcement Date 4/14/22 4/21/23 4/18/24 4/8/25 4/14/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
33.3x2.76x22.23x0.58% 21.03B
27.11x8.77x15.99x0.53% 11.27B
-201.38x21.22x68.34x-.--% 9.86B
24.57x - - - 5.71B
-20.48x - - - 4.32B
27.77x - - - 1.95B
-4.14x - - - 1.98B
-67.96x - -24.51x - 921M
-14.71x - -12.53x-.--% 765M
Average -21.77x 10.92x 13.90x 0.28% 6.42B
Weighted average by Cap. -16.55x 8.68x 29.41x 0.42%

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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