Company Valuation: Jointown Pharmaceutical Group Co., Ltd

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 26,919 24,052 26,691 25,148 25,531 25,231 - -
Change - -10.65% 10.97% -5.78% 1.52% -1.17% - -
Enterprise Value (EV) 1 29,021 21,882 24,319 20,414 20,954 20,911 20,188 20,162
Change - -24.6% 11.14% -16.06% 2.65% -0.21% -3.45% -0.13%
P/E 11.6x 12.2x 12.7x 10.2x 11.6x 10.8x 9.98x 8.99x
PBR 1.31x 1.09x 1.14x 0.95x 0.96x 0.85x 0.81x 0.77x
PEG - -0.8x 1.76x 0.6x -1x 1.74x 1.17x 0.8x
Capitalization / Revenue 0.22x 0.17x 0.18x 0.17x 0.16x 0.15x 0.14x 0.13x
EV / Revenue 0.24x 0.16x 0.16x 0.13x 0.13x 0.12x 0.11x 0.11x
EV / EBITDA 6.93x 6.21x 6.5x 4.61x 5.18x 4.49x 3.75x 3.25x
EV / EBIT 8.08x 7.67x 8.05x 5.62x 6.34x 5.88x 5.22x 4.67x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.1115 0.1858 0.1938 0.2 0.2 0.2088 0.2228 0.2503
Rate of return 2.04% 3.83% 3.57% 3.91% 3.91% 4.13% 4.4% 4.95%
EPS 2 0.472 0.3976 0.4264 0.5 0.44 0.4673 0.5072 0.5627
Distribution rate 23.6% 46.7% 45.5% 40% 45.5% 44.7% 43.9% 44.5%
Net sales 1 122,407 140,424 150,140 151,810 161,390 169,796 179,819 188,754
EBITDA 1 4,187 3,526 3,741 4,427 4,046 4,653 5,377 6,194
EBIT 1 3,593 2,853 3,023 3,635 3,306 3,558 3,867 4,315
Net income 1 2,448 2,085 2,174 2,507 2,255 2,356 2,558 2,828
Net Debt 1 2,102 -2,170 -2,372 -4,734 -4,576 -4,321 -5,043 -5,070
Reference price 2 5.470 4.846 5.434 5.120 5.120 5.060 5.060 5.060
Nbr of stocks (in thousands) 4,921,006 4,963,416 4,911,693 4,911,693 4,986,434 4,986,434 - -
Announcement Date 4/25/22 4/24/23 4/26/24 4/28/25 4/27/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.83x0.12x4.49x4.13% 3.73B
19.25x0.23x13.33x0.41% 95.31B
28.35x0.22x14.28x0.94% 51.65B
45.3x3.2x29.69x1.37% 23.26B
11.72x0.2x4.91x2.58% 8.29B
13.83x1.06x8.54x2.46% 7.98B
5.98x0.1x2.67x4.95% 6.76B
9.38x1.76x5.6x3.5% 6.29B
25.14x1.23x15.15x2.84% 5.48B
14.37x - - 2.37% 3.6B
Average 18.41x 0.90x 10.96x 2.55% 21.24B
Weighted average by Cap. 23.02x 0.66x 14.18x 1.2%

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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