Company Valuation: Ledman Optoelectronic Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 2,450 3,782 2,293 2,831 3,067 3,311
Change - 54.35% -39.37% 23.48% 8.33% 7.97%
Enterprise Value (EV) 1 2,232 3,695 2,215 2,275 2,521 2,799
Change - 65.51% -40.04% 2.69% 10.82% 11.05%
P/E -7.79x 77.3x 72.9x -36.8x -34.2x -81.3x
PBR 4.08x 5.95x 3.41x 3.28x 3.45x 3.94x
PEG - -1x -2x 0x - 1.5x
Capitalization / Revenue 2.99x 2.9x 2.12x 2.54x 2.45x 3.11x
EV / Revenue 2.73x 2.83x 2.05x 2.04x 2.01x 2.63x
EV / EBITDA -19.3x 46.6x 74.2x -84.6x -112x -95.4x
EV / EBIT -15.5x 76.5x -827x -38x -45.8x -51.2x
EV / FCF 3,935x -73x -51.7x 28.4x 59.9x -89.2x
FCF Yield 0.03% -1.37% -1.93% 3.52% 1.67% -1.12%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.9 0.14 0.09 -0.22 -0.22 -0.1
Distribution rate - - - - - -
Net sales 1 818.8 1,303 1,083 1,113 1,253 1,064
EBITDA 1 -115.4 79.26 29.87 -26.9 -22.59 -29.34
EBIT 1 -144.4 48.31 -2.679 -59.93 -55.03 -54.73
Net income 1 -315.5 47.45 31.1 -76.48 -91.88 -42.12
Net Debt 1 -217.8 -87.19 -77.39 -556.1 -545.9 -511.9
Reference price 2 7.010 10.820 6.560 8.100 7.530 8.130
Nbr of stocks (in thousands) 349,510 349,510 349,510 349,510 407,302 407,302
Announcement Date 4/23/21 4/12/22 4/23/23 4/19/24 4/27/25 4/28/26
1CNY in Million2CNY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 463M
61.33x7.4x25.47x0.74% 137B
27.42x1.21x5.91x1.23% 32.04B
15.45x1.02x5.5x3.27% 15.61B
25.86x1.23x7.8x2.81% 12.28B
14.83x4.84x11.86x3.87% 6.13B
21.05x0.8x8.32x1.34% 6.05B
30.02x0.61x3.13x-.--% 3.51B
Average 27.99x 2.45x 9.71x 1.89% 26.58B
Weighted average by Cap. 47.77x 5.26x 18.77x 1.21%

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 Ledman Optoelectronic Co., Ltd.