Company Valuation: Creative China Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 63.92 95.82 72.58 259 385.5 114.2
Change - 49.9% -24.25% 256.82% 48.84% -70.37%
Enterprise Value (EV) 1 77.59 116.1 119.1 257.7 391.8 121.8
Change - 49.66% 2.55% 116.42% 52.05% -68.93%
P/E 3.18x 3.64x 1.44x 4.53x 15.6x 2.56x
PBR 0.95x 1x 0.41x 0.99x 1.25x 0.32x
PEG - 0.1x 0x -0.2x -0.3x 0x
Capitalization / Revenue 1.4x 1.62x 0.48x 1.4x 2.55x 0.81x
EV / Revenue 1.7x 1.96x 0.78x 1.39x 2.59x 0.86x
EV / EBITDA 2.97x 4.39x 2.34x 5.44x 15.4x 2.88x
EV / EBIT 3.06x 4.46x 2.35x 5.47x 15.5x 2.9x
EV / FCF -2.36x 3.9x -1.69x -9.76x -9.52x -7.36x
FCF Yield -42.4% 25.6% -59.3% -10.2% -10.5% -13.6%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.0636 0.0794 0.1349 0.1082 0.0428 0.0773
Distribution rate - - - - - -
Net sales 1 45.66 59.31 152.7 184.8 151.1 141.2
EBITDA 1 26.17 26.45 50.87 47.41 25.46 42.3
EBIT 1 25.34 26.01 50.67 47.14 25.33 41.92
Net income 1 20 23.56 49.08 43.85 24.35 44.64
Net Debt 1 13.66 20.29 46.49 -1.296 6.329 7.529
Reference price 2 0.2021 0.2892 0.1946 0.4902 0.6672 0.1977
Nbr of stocks (in thousands) 316,316 331,316 372,987 528,388 577,798 577,798
Announcement Date 3/31/21 3/31/22 3/30/23 4/18/24 4/28/25 4/27/26
1CNY in Million2CNY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 16.21M
-61.17x4.28x18.89x-.--% 5.86B
6.36x0.22x2.36x2.29% 4.2B
18.86x2.02x5.34x1.43% 2.05B
33.88x - - - 1.51B
8.72x1.64x5.41x5.37% 1.3B
-56x2.18x7.9x3.12% 1.05B
22.43x - - 1.27% 978M
Average -3.85x 2.07x 7.98x 2.25% 2.12B
Weighted average by Cap. -15.79x 2.39x 10.16x 1.56%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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