Company Valuation: Dazhong Transportation (Group) Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 6,952 6,595 5,831 5,475 12,114 9,610
Change - -5.13% -11.59% -6.1% 121.24% -20.67%
Enterprise Value (EV) 1 7,924 6,845 7,979 8,542 15,311 12,376
Change - -13.63% 16.57% 7.06% 79.24% -19.17%
P/E 15.5x 24.7x -25.2x 21.3x 76.7x 182x
PBR 0.88x 0.82x 0.73x 0.74x 1.66x 1.3x
PEG - -0.6x 0x -0x -2.1x -2.7x
Capitalization / Revenue 2.63x 2.81x 2.47x 1.22x 4.26x 4.32x
EV / Revenue 3x 2.92x 3.38x 1.9x 5.38x 5.56x
EV / EBITDA 10.4x 9.98x 18.5x 9.57x 25.2x 26.6x
EV / EBIT 22.3x 21.2x 1,167x 21.1x 127x 5,595x
EV / FCF -4.97x 5.21x -4.33x -12.5x 54.6x 29.6x
FCF Yield -20.1% 19.2% -23.1% -8.02% 1.83% 3.38%
Dividend per Share 2 - 0.028 0.03 0.05 0.03 0.04
Rate of return - 0.81% 0.99% 1.68% 0.43% 0.73%
EPS 2 0.2283 0.14 -0.12 0.14 0.09 0.03
Distribution rate - 20% -25% 35.7% 33.3% 133%
Net sales 1 2,639 2,346 2,360 4,504 2,843 2,227
EBITDA 1 760.5 685.8 432 892.5 608 465.9
EBIT 1 355.8 322.8 6.837 405.3 120.4 2.212
Net income 1 535.4 328.4 -274.1 324.2 211.6 72.4
Net Debt 1 972.9 249.4 2,148 3,067 3,197 2,766
Reference price 2 3.530 3.460 3.020 2.980 6.900 5.460
Nbr of stocks (in thousands) 2,325,777 2,276,147 2,276,147 2,276,147 2,364,123 2,356,650
Announcement Date 4/26/21 3/30/22 3/30/23 3/29/24 3/29/25 3/31/26
1CNY in Million2CNY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.63x3.93x8.09x0.83% 23.51B
12.84x1.57x8.04x3.32% 8.44B
13.26x1.96x12.16x2.23% 6.78B
10.39x2.01x11.2x1.94% 5.98B
29.05x7.56x22.01x1.77% 4.37B
13.85x0.93x10.71x1.89% 4.22B
14.15x2.93x14.07x1.82% 3.94B
14.7x2.88x12.78x3.51% 3.73B
10.12x1.98x10.16x2.54% 3.66B
Average 14.00x 2.86x 12.13x 2.21% 7.18B
Weighted average by Cap. 11.96x 3.06x 10.66x 1.85%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  5. Valuation Dazhong Transportation (Group) Co., Ltd.