Company Valuation: NVC LIGH

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 93.78 76.44 51.5 57.14 63.35 42.36
Change - -18.49% -32.62% 10.95% 10.86% -33.13%
Enterprise Value (EV) 1 -1,066 -826.3 -266.8 -69.3 -79.14 -115.5
Change - 22.52% 67.71% 74.02% -14.2% -45.94%
P/E Ratio -1.81x 13.1x -0.78x 1.45x -3.63x 3.55x
PBR 0.03x 0.02x 0.02x 0.12x 0.14x 0.09x
PEG - -0x 0x -0x 0x -0x
Capitalization / Revenue 0.04x 0.03x 0.03x 0.24x 0.27x 0.19x
EV / Revenue -0.45x -0.35x -0.14x -0.29x -0.33x -0.52x
EV / EBITDA -5.73x -5.63x 12.4x -20.7x -5.72x -5.4x
EV / EBIT -9.83x -14.9x 2.48x 7.75x -22.7x -20x
EV / FCF 2.47x 5.18x 0.66x -0.85x -17.3x -6.16x
FCF Yield 40.4% 19.3% 152% -117% -5.78% -16.2%
Dividend per Share 3 - - - - - -
Rate of return - - - - - -
EPS 3 -0.1224 0.0138 -0.1564 0.0779 -0.0344 0.0235
Distribution rate - - - - - -
Net sales 1 2,350 2,375 1,888 236 236.6 222.9
EBITDA 1 186.1 146.8 -21.46 3.345 13.83 21.38
EBIT 1 108.5 55.51 -107.5 -8.939 3.493 5.763
Net income 1 -51.75 5.814 -66.12 35.71 -17.45 11.92
Net Debt 1 -1,160 -902.7 -318.3 -126.4 -142.5 -157.9
Reference price 3 0.2218 0.1808 0.1218 0.1126 0.1249 0.0835
Nbr of stocks (in thousands) 422,728 422,728 422,728 507,274 507,274 507,274
Announcement Date 4/28/21 4/27/22 4/27/23 4/24/24 4/25/25 4/24/26
1USD in Million2CNY in Million3USD
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
52.1x - - 2.76% 2.23B
40.93x9.41x24.24x - 1.26B
17.99x - - 2.81% 1.16B
16.86x - - 3.01% 590M
Average 31.97x 9.41x 24.24x 2.86% 1.31B
Weighted average by Cap. 37.90x 9.41x 24.24x 2.81%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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