Company Valuation: Newcapec Electronics Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 4,260 7,202 4,192 4,568 4,616 5,911
Change - 69.06% -41.8% 8.98% 1.04% 28.07%
Enterprise Value (EV) 1 3,692 6,529 3,838 4,277 4,254 5,386
Change - 76.85% -41.22% 11.45% -0.54% 26.61%
P/E 23.2x 44.6x 37.3x 42.5x 41.9x 75.7x
PBR 2.39x 3.72x 2.08x 2.17x 2.13x 2.68x
PEG - -4x -1.2x -9.74x 16.59x -2.6x
Capitalization / Revenue 4.54x 7.08x 3.92x 4.3x 4.69x 6.04x
EV / Revenue 3.93x 6.42x 3.59x 4.03x 4.32x 5.5x
EV / EBITDA 18.7x 32.5x 27.3x 28.2x 30.8x 71.1x
EV / EBIT 20.4x 35.7x 31.2x 31.4x 34.2x 90.4x
EV / FCF 233x 1,182x -37.2x -83.7x 66.2x 177x
FCF Yield 0.43% 0.08% -2.69% -1.19% 1.51% 0.56%
Dividend per Share 2 0.06 0.065 0.065 0.08 0.08 0.08
Rate of return 0.68% 0.43% 0.74% 0.83% 0.83% 0.64%
EPS 2 0.382 0.339 0.236 0.2257 0.2314 0.164
Distribution rate 15.7% 19.2% 27.5% 35.4% 34.6% 48.8%
Net sales 1 939.3 1,017 1,070 1,061 984.2 978.5
EBITDA 1 197.9 200.7 140.5 151.5 138.1 75.77
EBIT 1 180.8 182.7 122.9 136.2 124.3 59.6
Net income 1 181.9 161 112.4 107.5 110.2 78.13
Net Debt 1 -568.4 -673.2 -354 -291 -361.8 -525.4
Reference price 2 8.870 15.120 8.800 9.590 9.690 12.410
Nbr of stocks (in thousands) 480,298 476,348 476,348 476,348 476,348 476,348
Announcement Date 4/25/21 4/24/22 4/26/23 4/25/24 4/23/25 4/23/26
1CNY in Million2CNY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 528M
28.63x4.59x16.02x2.29% 278B
-93.69x14.81x85.75x-.--% 92.71B
10.33x1.13x5.95x4.67% 85.1B
13.3x2.44x9.21x6.06% 77.69B
18.69x4.94x12.19x3.04% 56.06B
13.65x1.99x8.33x5.71% 44.55B
19.35x1.55x9.76x1.48% 36.24B
20.32x1.5x9.55x0.97% 35.83B
15.67x2x9.31x5.52% 32.61B
Average 5.14x 3.88x 18.45x 3.3% 73.89B
Weighted average by Cap. 6.46x 4.70x 21.23x 2.97%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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