Company Valuation: Create Technology & Science Co.,Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 3,269 4,225 3,462 4,189 4,784 7,080
Change - 29.25% -18.05% 20.99% 14.22% 47.97%
Enterprise Value (EV) 1 2,853 3,879 2,845 3,726 3,913 5,698
Change - 35.98% -26.66% 30.98% 5.02% 45.61%
P/E 28.2x 39.1x 21x 27.3x 19.2x 24.1x
PBR 1.71x 2.13x 1.49x 1.79x 1.83x 2.44x
PEG - -5.66x 0.4x -4.37x 0.3x 1.4x
Capitalization / Revenue 1.02x 1.14x 0.83x 0.97x 1.14x 1.68x
EV / Revenue 0.89x 1.05x 0.68x 0.86x 0.93x 1.35x
EV / EBITDA 9.53x 12.4x 8.54x 10.5x 8.55x 10.4x
EV / EBIT 14x 17.9x 12.6x 14.9x 11.2x 12.7x
EV / FCF -65.7x 57.3x 12.7x -4,416x 12.6x 17.4x
FCF Yield -1.52% 1.75% 7.9% -0.02% 7.94% 5.75%
Dividend per Share 2 0.0833 - 0.0583 0.0583 0.0833 0.06
Rate of return 1.22% - 0.82% 0.67% 0.84% 0.41%
EPS 2 0.2417 0.225 0.3407 0.3194 0.5198 0.6096
Distribution rate 34.5% - 17.1% 18.3% 16% 9.84%
Net sales 1 3,213 3,697 4,180 4,323 4,192 4,221
EBITDA 1 299.2 313.4 333.1 356.4 457.6 550.3
EBIT 1 203.4 217.1 226.2 250.3 350.5 447.5
Net income 1 116.7 108.9 163.9 155.3 250.6 295
Net Debt 1 -416.1 -345.9 -617.5 -462.9 -871.4 -1,382
Reference price 2 6.81 8.80 7.14 8.72 9.97 14.70
Nbr of stocks (in thousands) 480,096 480,096 484,782 480,096 480,048 481,610
Announcement Date 3/22/21 4/11/22 4/10/23 4/8/24 4/7/25 4/7/26
1CNY in Million2CNY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 861M
35.37x6.07x22.54x0.76% 121B
30.96x5.71x19.76x1.95% 38.77B
39.4x4.47x16.58x0.1% 33B
21.34x1.76x12.96x2.28% 30.34B
22.54x3.27x14.1x1.04% 27.48B
25.7x3.09x13.32x1.46% 27.28B
22.84x3.53x11.84x1.6% 26.09B
25.99x3.27x15.97x1.74% 24.16B
20.65x4.16x14.72x2.42% 21.16B
Average 27.20x 3.93x 15.75x 1.48% 35.05B
Weighted average by Cap. 29.81x 4.56x 17.73x 1.27%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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