Company Valuation: JC Finance & Tax Interconnect Holdings Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 6,078 5,143 5,641 6,787 7,332 8,400
Change - -15.38% 9.7% 20.3% 8.04% 14.56%
Enterprise Value (EV) 1 5,589 4,865 5,392 6,594 7,146 8,192
Change - -12.96% 10.83% 22.31% 8.37% 14.63%
P/E -4.88x -12.9x -16.5x -79.2x -941x 135x
PBR 2.87x 3x 4.12x 5.28x 5.79x 6.31x
PEG - 0.2x 1.2x 1.1x 10.4x -0x
Capitalization / Revenue 6.01x 4.28x 4.63x 5.64x 5.79x 8.03x
EV / Revenue 5.53x 4.05x 4.42x 5.48x 5.65x 7.83x
EV / EBITDA -44x -56x -223x 194x 79.7x 43.9x
EV / EBIT -20.8x -20x -34x -148x 883x 71.4x
EV / FCF 102x -194x 1,272x -214x -84.8x 2,544x
FCF Yield 0.98% -0.52% 0.08% -0.47% -1.18% 0.04%
Dividend per Share 2 - - - - - 0.026
Rate of return - - - - - 0.24%
EPS 2 -1.6 -0.51 -0.44 -0.11 -0.01 0.08
Distribution rate - - - - - 32.5%
Net sales 1 1,011 1,202 1,220 1,204 1,266 1,046
EBITDA 1 -127 -86.87 -24.21 34.06 89.62 186.7
EBIT 1 -269.3 -243.5 -158.7 -44.67 8.096 114.7
Net income 1 -1,244 -397.1 -340.6 -84.25 -9.161 64.86
Net Debt 1 -488.8 -277.9 -249.9 -192.7 -186.4 -208.2
Reference price 2 7.800 6.600 7.240 8.710 9.410 10.780
Nbr of stocks (in thousands) 779,198 779,198 779,198 779,198 779,198 779,198
Announcement Date 4/27/21 4/28/22 4/24/23 4/25/24 4/27/25 3/23/26
1CNY in Million2CNY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 805M
16.23x0.74x6.15x6.15% 1.22B
13.03x0.47x5.54x3.53% 64.27M
Average 14.63x 0.61x 5.85x 4.84% 697.22M
Weighted average by Cap. 16.07x 0.73x 6.12x 6.02%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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