Company Valuation: Grand Pharmaceutical Group Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 22,930 16,225 14,394 16,809 27,489 16,809 - -
Change - -29.24% -11.29% 16.78% 63.54% -38.85% - -
Enterprise Value (EV) 22,930 16,225 14,394 16,809 27,489 16,809 16,809 16,809
Change - -29.24% -11.29% 16.78% 63.54% -38.85% 0% 0%
P/E - - 7.63x 6.81x 22.2x 9.32x 8.53x 7.58x
PBR 1.71x 1.14x 0.94x 1.02x 1.62x 0.94x 0.89x 0.83x
PEG - - - 0.2x -0.4x 0.2x 0.92x 0.6x
Capitalization / Revenue 2.67x 1.7x 1.37x 1.44x 2.24x 1.3x 1.19x 1.07x
EV / Revenue 0x 0x 0x 0x 0x 1.3x 1.19x 1.07x
EV / EBITDA 0x - - 0x 0x 5.69x 5.35x 4.63x
EV / EBIT 0x 0x 0x 0x 0x 7.36x 6.77x 5.89x
EV / FCF 0x 0x 0x 0x 0x 9.26x 8.37x 7.76x
FCF Yield 6.69% 7.5% 13.5% 7.99% 3.36% 10.8% 11.9% 12.9%
Dividend per Share 2 - 0.14 0.26 0.26 0.169 0.21 0.23 0.32
Rate of return - 3.04% 6.36% 5.42% 2.15% 4.38% 4.79% 6.67%
EPS 2 - - 0.536 0.7049 0.3544 0.515 0.5625 0.6333
Distribution rate - - 48.5% 36.9% 47.7% 40.8% 40.9% 50.5%
Net sales 1 8,598 9,562 10,530 11,645 12,283 12,944 14,102 15,717
EBITDA 1 3,218 - - 3,536 2,238 2,952 3,141 3,630
EBIT 1 2,879 2,654 2,549 3,033 1,656 2,283 2,482 2,852
Net income 1 - - 1,880 2,468 1,241 1,826 1,991 2,244
Net Debt - - - - - - - -
Reference price 2 6.460 4.600 4.090 4.800 7.850 4.800 4.800 4.800
Nbr of stocks (in thousands) 3,549,571 3,527,141 3,519,271 3,501,810 3,501,810 3,501,810 - -
Announcement Date 3/17/22 3/22/23 3/19/24 3/12/25 3/26/26 - - -
1HKD in Million2HKD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.45x11.78x23.93x0.61% 1,019B
28.48x6.32x17.74x2.09% 617B
33.26x7.78x16.08x2.64% 464B
104.98x5.87x24.89x2.36% 356B
18.81x4.58x11.36x2.9% 333B
19.83x5.17x12.78x3.09% 267B
20.02x4.17x11.86x2.13% 244B
25.46x6.66x11.86x2.5% 218B
-43.78x6.39x24.97x2.27% 179B
Average 26.61x 6.52x 17.28x 2.29% 410.8B
Weighted average by Cap. 31.80x 7.61x 18.61x 1.96%

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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