Company Valuation: Citic Pacific Special Steel Group Co., Ltd

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 103,365 86,609 70,862 57,588 82,622 70,963 - -
Change - -16.21% -18.18% -18.73% 43.47% -14.11% - -
Enterprise Value (EV) 103,365 86,609 70,862 57,588 82,622 70,963 70,963 70,963
Change - -16.21% -18.18% -18.73% 43.47% -14.11% 0% 0%
P/E 13x 12.4x 12.6x 11.4x 14.2x 10.4x 9.07x 8.63x
PBR 3.15x 2.42x 1.86x 1.41x 1.9x 1.44x 1.32x 1.22x
PEG - -1x -0.6x -1.15x 0.9x 0.6x 0.6x 1.67x
Capitalization / Revenue 1.05x 0.88x 0.62x 0.53x 0.77x 0.64x 0.63x 0.62x
EV / Revenue 0x 0x 0x 0x 0x 0.64x 0.63x 0.62x
EV / EBITDA 0x 0x 0x 0x 0x 5.19x 4.85x 4.76x
EV / EBIT 0x 0x 0x 0x 0x 8.56x 7.46x 7.12x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.8 0.7 0.565 0.507 0.446 - - -
Rate of return 3.91% 4.08% 4.02% 4.44% 2.72% - - -
EPS 2 1.58 1.38 1.11 1 1.15 1.35 1.55 1.63
Distribution rate 50.6% 50.7% 50.9% 50.7% 38.8% - - -
Net sales 1 98,574 98,345 114,019 109,203 107,373 110,313 112,519 113,750
EBITDA 1 12,642 11,739 11,221 10,992 12,203 13,664 14,619 14,920
EBIT 1 9,532 8,462 6,531 5,943 7,290 8,290 9,508 9,969
Net income 1 7,952 7,105 5,721 5,126 5,929 6,814 7,827 8,211
Net Debt - - - - - - - -
Reference price 2 20.48 17.16 14.04 11.41 16.37 14.06 14.06 14.06
Nbr of stocks (in thousands) 5,047,143 5,047,147 5,047,156 5,047,157 5,047,158 5,047,158 - -
Announcement Date 1/14/22 3/17/23 3/12/24 3/19/25 3/16/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.41x - - - 10.55B
21.78x1.9x10.47x0.53% 34.14B
11.88x0.47x4.55x4.44% 19.05B
20.83x2x10.39x0.21% 12.57B
8.96x0.64x4.18x4.7% 10.82B
57.92x5.08x28.81x0.46% 10.09B
11.6x0.83x5.95x4.23% 9.65B
88.97x1.56x16.71x0.63% 9.25B
41.19x2.17x27.67x0.44% 6.29B
Average 30.40x 1.83x 13.59x 1.95% 13.6B
Weighted average by Cap. 26.28x 1.73x 11.59x 1.88%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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