Company Valuation: Novoray Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 9,532 6,069 9,835 11,962 14,993 42,537 - -
Change - -36.33% 62.07% 21.62% 25.34% 183.72% - -
Enterprise Value (EV) 9,532 6,069 9,835 11,962 14,993 42,537 42,537 42,537
Change - -36.33% 62.07% 21.62% 25.34% 183.72% 0% 0%
P/E 55.2x 32.2x 56.3x 47.7x 51.3x 95.5x 67.5x 46.7x
PBR 8.72x 4.93x 7.3x 7.93x 8.79x 20.9x 16.9x 12.6x
PEG - 3.61x -7.77x 1.1x 3.1x 1.8x 1.6x 1.1x
Capitalization / Revenue 15.3x 9.17x 13.8x 12.5x 13.4x 27.5x 21.5x 16.7x
EV / Revenue 0x 0x 0x 0x 0x 27.5x 21.5x 16.7x
EV / EBITDA 0x - 0x 0x 0x 74x 54x 39.2x
EV / EBIT 0x 0x 0x 0x 0x 83.7x 59.1x 41x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.2165 - 0.3846 0.3846 0.5 0.73 1 -
Rate of return 0.55% - 0.94% 0.78% 0.81% 0.41% 0.57% -
EPS 2 0.7156 0.7796 0.7231 1.038 1.21 1.845 2.61 3.77
Distribution rate 30.2% - 53.2% 37% 41.3% 39.6% 38.3% -
Net sales 1 624.7 662 711.7 960.4 1,116 1,544 1,979 2,547
EBITDA 1 220.2 - 245 335.6 403.8 574.5 788 1,085
EBIT 1 197.2 190.2 195.4 285.3 335.5 508 720 1,037
Net income 1 172.9 188.2 174 251.4 292.6 445.5 631 909
Net Debt - - - - - - - -
Reference price 2 39.47 25.13 40.73 49.54 62.09 176.16 176.16 176.16
Nbr of stocks (in thousands) 241,469 241,469 241,469 241,469 241,469 241,469 - -
Announcement Date 2/27/22 2/27/23 2/22/24 2/14/25 2/13/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
95.48x - - 0.41% 6.33B
27.81x4.32x13.86x2.11% 128B
17.46x6.28x34.17x2.76% 58.69B
58.56x1.36x9.57x5.93% 39.78B
12.54x1.27x6.83x2.7% 35.87B
10.08x3.26x7.65x4.31% 26.37B
19.89x0.87x6.63x1.17% 20.85B
8.91x0.88x5.44x4.24% 21.05B
11.41x1.02x8.24x3.67% 20.07B
70.71x12.83x46.69x0.07% 19.13B
Average 33.28x 3.57x 15.45x 2.74% 37.59B
Weighted average by Cap. 27.69x 3.81x 16.00x 2.84%

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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  4. Valuation Novoray Corporation