Company Valuation: Ningbo Joy Intelligent Logistics Technology Co.,Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025
Market Cap 1 3,719 3,151 2,052 1,845 2,123
Change - -15.27% -34.89% -10.05% 15.02%
Enterprise Value (EV) 1 3,258 2,815 1,870 1,766 2,117
Change - -13.6% -33.57% -5.57% 19.88%
P/E 47.1x 47.5x 57.8x -156x -157x
PBR 4.11x 3.33x 2.15x 2.01x 2.35x
PEG 36.23x -3x -1.2x 1x -11x
Capitalization / Revenue 10.2x 7.36x 5.09x 5.04x 4.94x
EV / Revenue 8.98x 6.58x 4.64x 4.82x 4.93x
EV / EBITDA 38.1x 37x 31.4x -250x 99.4x
EV / EBIT 45.1x 47.3x 47x -186x -209x
EV / FCF -66.5x -56.9x -59x -93.9x 250x
FCF Yield -1.5% -1.76% -1.7% -1.07% 0.4%
Dividend per Share 2 0.1775 0.1538 0.12 - -
Rate of return 0.81% 0.82% 0.99% - -
EPS 2 0.4675 0.3923 0.21 -0.07 -0.08
Distribution rate 38% 39.2% 57.1% - -
Net sales 1 363 428 403.2 366.3 429.5
EBITDA 1 85.51 75.98 59.6 -7.072 21.3
EBIT 1 72.33 59.45 39.77 -9.49 -10.12
Net income 1 60.73 65.8 36.12 -11.84 -13.32
Net Debt 1 -460.7 -336.1 -181.5 -79.45 -5.534
Reference price 2 22.01 18.65 12.14 10.92 12.56
Nbr of stocks (in thousands) 169,000 169,000 169,000 169,000 169,000
Announcement Date 4/25/22 4/20/23 4/23/24 4/20/25 4/27/26
1CNY in Million2CNY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 324M
14.6x1.41x8.64x5.62% 21.56B
24.94x2.21x10.67x1.46% 8.46B
59.07x - - - 2.08B
9.71x1.52x7.98x3.61% 1.43B
14.22x1.14x7.8x2.83% 1.4B
10.35x - - - 1.4B
24.12x - - - 1.23B
Average 22.43x 1.57x 8.77x 3.38% 4.73B
Weighted average by Cap. 19.35x 1.61x 9.10x 4.34%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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