Company Valuation: Minth Group Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 32,501 21,736 16,644 16,364 33,371 22,882 - -
Change - -33.12% -23.43% -1.68% 103.93% -31.43% - -
Enterprise Value (EV) 1 34,152 25,714 22,167 22,343 38,573 27,036 25,887 25,012
Change - -24.71% -13.79% 0.79% 72.64% -29.91% -4.25% -3.38%
P/E 21.7x 14.3x 8.66x 7.04x 12.3x 7.39x 6.36x 5.57x
PBR 2.02x 1.27x 0.91x 0.8x 1.39x 0.88x 0.79x 0.72x
PEG - 15.4x 0.3x 0.3x 0.8x 0.5x 0.4x 0.4x
Capitalization / Revenue 2.33x 1.26x 0.81x 0.71x 1.3x 0.79x 0.68x 0.59x
EV / Revenue 2.45x 1.49x 1.08x 0.97x 1.5x 0.93x 0.77x 0.64x
EV / EBITDA 11.3x 9.88x 6.51x 5.42x 7.97x 4.85x 4.15x 3.62x
EV / EBIT 16.3x 17.7x 11.2x 8.72x 12.4x 7.14x 5.91x 5.02x
EV / FCF -18.6x -16.5x 170x 16.4x 14.3x 10.9x 9.67x 7.17x
FCF Yield -5.38% -6.06% 0.59% 6.1% 7.01% 9.15% 10.3% 14%
Dividend per Share 2 0.5124 0.5067 - 0.4059 0.6659 0.8804 1.065 1.161
Rate of return 1.83% 2.71% - 2.86% 2.34% 4.51% 5.45% 5.94%
EPS 2 1.292 1.304 1.654 2.019 2.324 2.642 3.073 3.508
Distribution rate 39.7% 38.9% - 20.1% 28.7% 33.3% 34.7% 33.1%
Net sales 1 13,919 17,306 20,524 23,147 25,737 29,110 33,683 38,855
EBITDA 1 3,012 2,604 3,408 4,121 4,842 5,569 6,233 6,900
EBIT 1 2,089 1,451 1,984 2,563 3,118 3,786 4,377 4,979
Net income 1 1,497 1,501 1,903 2,319 2,692 3,049 3,575 4,135
Net Debt 1 1,652 3,978 5,523 5,978 5,201 4,154 3,005 2,130
Reference price 2 27.98 18.71 14.32 14.21 28.50 19.53 19.53 19.53
Nbr of stocks (in thousands) 1,161,400 1,161,836 1,161,994 1,151,750 1,170,747 1,171,493 - -
Announcement Date 3/22/22 3/21/23 3/26/24 3/24/25 3/23/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.39x0.93x4.85x4.51% 3.41B
18.47x2.02x11.1x1.58% 72.73B
21.2x1.45x11.14x1.75% 48.5B
14.63x0.65x4.72x3.95% 32.28B
11.55x0.55x4.79x4.06% 28.74B
8.26x0.49x6.27x1.83% 25.18B
14.38x2.6x8.93x4.24% 20.19B
19.86x0.87x10.48x3.33% 17.54B
29.23x1.16x12.24x0.63% 17.25B
10.36x0.49x4.76x3.07% 17.14B
Average 15.53x 1.12x 7.93x 2.89% 28.3B
Weighted average by Cap. 16.72x 1.29x 8.72x 2.52%

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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