Company Valuation: Der Future Science and Technology Holding Group Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 4,965 4,841 3,688 4,024 3,381 4,768
Change - -2.5% -23.81% 9.11% -15.99% 41.01%
Enterprise Value (EV) 1 4,131 4,294 2,995 3,035 1,893 3,144
Change - 3.95% -30.24% 1.31% -37.63% 66.12%
P/E -187x 63.6x -192x 127x -33.2x -21.6x
PBR 2.79x 2.64x 2.05x 2.22x 1.56x 2.34x
PEG - -0x 2x -0x 0x -0x
Capitalization / Revenue 3.17x 2.38x 1.87x 2.08x 2.22x 4.09x
EV / Revenue 2.63x 2.11x 1.52x 1.57x 1.24x 2.7x
EV / EBITDA 38.4x 26.5x 61.6x 29.7x 587x -17.6x
EV / EBIT 94.5x 42.6x -192x 75x -34.3x -14.2x
EV / FCF -35x 103x 19.5x 14.8x 27.1x -49.9x
FCF Yield -2.86% 0.97% 5.14% 6.76% 3.69% -2.01%
Dividend per Share 2 0.03 0.03 0.03 0.03 - -
Rate of return 0.4% 0.41% 0.54% 0.49% - -
EPS 2 -0.04 0.1156 -0.0292 0.0482 -0.1333 -0.2771
Distribution rate -75% 26% -103% 62.2% - -
Net sales 1 1,568 2,034 1,973 1,933 1,525 1,166
EBITDA 1 107.7 161.8 48.6 102.2 3.223 -178.5
EBIT 1 43.69 100.7 -15.61 40.45 -55.19 -222.2
Net income 1 -26.98 76.14 -19.21 31.76 -89.52 -220.9
Net Debt 1 -834.4 -546.9 -693.1 -989.8 -1,488 -1,624
Reference price 2 7.46 7.35 5.60 6.11 4.43 5.98
Nbr of stocks (in thousands) 665,579 658,630 658,643 658,655 763,216 797,283
Announcement Date 4/15/21 4/19/22 4/17/23 4/19/24 4/18/25 4/21/26
1CNY in Million2CNY
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 1.65B
14.69x1.65x10.03x5.83% 1.34B
5.77x0.51x2.86x8.7% 1.3B
9.19x - - - 620M
29.54x - - - 604M
23.54x - - 1.24% 575M
44.22x2.24x17.01x - 489M
17.14x0.84x8.26x2.95% 329M
Average 20.58x 1.31x 9.54x 4.68% 863.94M
Weighted average by Cap. 17.41x 1.22x 8.16x 5.87%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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