Company Valuation: China Oriental Group Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 6,457 7,127 4,709 4,393 4,023 4,382
Change - 10.37% -33.93% -6.71% -8.42% 8.93%
Enterprise Value (EV) 1 9,195 9,360 11,665 12,008 13,519 13,285
Change - 1.8% 24.62% 2.94% 12.58% -1.73%
P/E 4.07x 2.86x 5.83x -27.5x 27x 19.6x
PBR 0.31x 0.32x 0.21x 0.2x 0.18x 0.2x
PEG - 0x -0.1x 0x -0x 0.4x
Capitalization / Revenue 0.16x 0.14x 0.1x 0.09x 0.09x 0.11x
EV / Revenue 0.23x 0.18x 0.24x 0.26x 0.31x 0.33x
EV / EBITDA 3.6x 2.22x 7.26x 14.7x 9.6x 6.5x
EV / EBIT 6.47x 3.01x 32.1x -22.5x 38.8x 14.5x
EV / FCF -1.86x 3.37x -1.8x -13.6x -4.13x 6.78x
FCF Yield -53.7% 29.7% -55.4% -7.36% -24.2% 14.8%
Dividend per Share 2 0.0842 0.1303 0.0619 - 0.009397 0.018
Rate of return 4.85% 6.81% 4.9% - 0.87% 1.53%
EPS 2 0.4261 0.6698 0.2169 -0.0429 0.04 0.06
Distribution rate 19.8% 19.5% 28.5% - 23.5% 30%
Net sales 1 39,150 51,958 48,620 46,260 42,957 40,413
EBITDA 1 2,555 4,212 1,606 818.5 1,408 2,042
EBIT 1 1,421 3,109 363.6 -533.4 348.3 914.4
Net income 1 1,586 2,493 807.5 -159.7 149.1 225
Net Debt 1 2,737 2,234 6,956 7,615 9,496 8,903
Reference price 2 1.7346 1.9145 1.2649 1.1800 1.0807 1.1772
Nbr of stocks (in thousands) 3,722,569 3,722,569 3,722,569 3,722,569 3,722,569 3,722,569
Announcement Date 4/28/21 4/29/22 4/28/23 4/30/24 4/30/25 4/23/26
1CNY in Million2CNY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 484M
20.87x1.83x10.1x0.55% 32.5B
13.46x0.47x4.66x4.54% 18.91B
20.52x1.97x10.25x0.21% 12.3B
8.87x0.65x4.19x4.65% 10.9B
57.58x5.05x28.65x0.46% 9.96B
9.57x - - - 9.71B
11.57x0.83x5.94x4.23% 9.43B
70.38x1.5x15.68x0.56% 8.93B
Average 26.60x 1.76x 11.35x 2.17% 12.57B
Weighted average by Cap. 23.84x 1.66x 10.39x 2.01%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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