Company Valuation: Glodon Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 75,561 70,595 28,206 19,394 20,781 13,765 - -
Change - -6.57% -60.04% -31.24% 7.15% -33.76% - -
Enterprise Value (EV) 1 71,541 66,293 24,551 15,523 16,794 9,724 9,464 9,195
Change - -7.34% -62.97% -36.77% 8.19% -42.09% -2.68% -2.84%
P/E 114x 73.2x 245x 77.7x 51.1x 26.4x 21.4x 18.7x
PBR 13x 11.3x 4.85x 3.26x 3.44x 2.22x 2.12x 2.07x
PEG - 1.6x -2.8x 1x 0.8x 0.9x 0.9x 1.3x
Capitalization / Revenue 13.6x 10.8x 4.32x 3.13x 3.42x 2.22x 2.12x 2.02x
EV / Revenue 12.9x 10.1x 3.76x 2.5x 2.77x 1.57x 1.46x 1.35x
EV / EBITDA 78.1x 50.2x 42.1x 20.5x 17.8x 8.77x 7.87x 7.19x
EV / EBIT 94.3x 60.5x 145x 48.9x 36x 16.3x 11.9x 10.1x
EV / FCF 81.2x 83x 880x 20.4x 22.4x 10.9x 10.8x 11.1x
FCF Yield 1.23% 1.2% 0.11% 4.89% 4.46% 9.21% 9.28% 9.04%
Dividend per Share 2 0.2143 0.2857 0.07 0.15 0.23 0.2984 0.3412 0.3849
Rate of return 0.47% 0.67% 0.41% 1.28% 1.83% 3.55% 4.06% 4.58%
EPS 2 0.4026 0.5852 0.07 0.1513 0.2461 0.318 0.392 0.449
Distribution rate 53.2% 48.8% 100% 99.1% 93.5% 93.8% 87.1% 85.7%
Net sales 1 5,562 6,552 6,525 6,203 6,068 6,188 6,484 6,803
EBITDA 1 916.2 1,322 583.4 758.3 944.9 1,108 1,202 1,278
EBIT 1 758.4 1,096 169.6 317.5 466.3 595.3 796.3 908.1
Net income 1 661 966.7 115.8 250.4 405.1 522.5 643.2 740.2
Net Debt 1 -4,020 -4,302 -3,656 -3,871 -3,988 -4,041 -4,301 -4,570
Reference price 2 45.700 42.821 17.140 11.760 12.580 8.400 8.400 8.400
Nbr of stocks (in thousands) 1,653,412 1,648,598 1,645,650 1,649,164 1,651,944 1,638,720 - -
Announcement Date 3/28/22 2/20/23 3/25/24 3/24/25 3/23/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.41x1.57x8.77x3.55% 2.05B
25.28x9.34x15.26x0.8% 3,697B
126.07x55.06x89.36x-.--% 463B
458.99x19.62x77.59x-.--% 92.25B
67x14.14x29.8x-.--% 88.68B
106.97x9.05x24.18x-.--% 81.43B
34x1.64x13.13x-.--% 61.7B
193.18x6.2x24.01x-.--% 48.76B
34.88x7.3x35.04x-.--% 46.02B
110.17x4.35x21.13x-.--% 37.95B
Average 118.30x 12.83x 33.83x 0.43% 461.9B
Weighted average by Cap. 48.96x 14.01x 24.67x 0.64%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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