Company Valuation: Jushen Logistics Group Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025
Market Cap 1 2,400 1,851 2,263 1,754 2,604
Change - -22.87% 22.27% -22.48% 48.44%
Enterprise Value (EV) 1 2,309 1,949 2,477 2,069 3,300
Change - -15.61% 27.11% -16.5% 59.54%
P/E 47.8x 46.3x 36.6x 21.7x 36x
PBR 3.28x 2.66x 3.06x 2.33x 3.08x
PEG -0.8x -2.3x 0.7x 0.7x -3.4x
Capitalization / Revenue 3.21x 1.71x 2.28x 1.69x 1.38x
EV / Revenue 3.09x 1.8x 2.49x 1.99x 1.75x
EV / EBITDA 29.7x 24.3x 21.7x 13.2x 17x
EV / EBIT 37.4x 33.1x 28.9x 17.6x 30.6x
EV / FCF -11.8x -39.4x -19.4x 3,171x -7.51x
FCF Yield -8.47% -2.54% -5.14% 0.03% -13.3%
Dividend per Share 2 0.4615 0.1192 0.2308 - -
Rate of return 3.22% 1.08% 1.71% - -
EPS 2 0.3 0.2385 0.3692 0.4923 0.44
Distribution rate 154% 50% 62.5% - -
Net sales 1 746.8 1,085 994.3 1,040 1,889
EBITDA 1 77.68 80.26 114.2 156.9 194.1
EBIT 1 61.81 58.91 85.83 117.3 107.8
Net income 1 46.62 39.43 62.19 81.57 72.48
Net Debt 1 -90.07 98.07 214.4 314.2 696
Reference price 2 14.33 11.05 13.52 10.68 15.86
Nbr of stocks (in thousands) 167,440 167,440 167,440 164,195 164,195
Announcement Date 4/14/22 4/19/23 4/18/24 4/17/25 4/16/26
1CNY in Million2CNY
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 349M
38.17x1.63x13.62x0.42% 61.86B
25.27x1.17x12.24x3.06% 30.88B
8.29x0.37x3.89x3.3% 9.55B
21.65x0.73x6.68x1.89% 8B
16.28x1.06x4x6.1% 5.16B
20.77x2.22x16.99x2.8% 3.31B
17.27x1.7x10.02x4.11% 3.1B
15.77x0.54x6.48x3.94% 2.7B
Average 20.43x 1.18x 9.24x 3.2% 13.88B
Weighted average by Cap. 29.24x 1.33x 11.53x 1.86%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Jushen Logistics Group Co., Ltd.