Company Valuation: Piotech Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 27,414 43,297 42,575 92,366 179,690 - -
Change - 57.93% -1.67% 116.95% 94.54% - -
Enterprise Value (EV) 1 24,259 42,599 43,220 90,105 174,309 174,202 173,434
Change - 75.6% 1.46% 108.48% 93.45% -0.06% -0.44%
P/E 68.4x 65.2x 62.5x 100x 67.7x 53.7x 27.6x
PBR 7.39x 9.47x 8.14x 14.1x 19.9x 15.2x 11.2x
PEG - 1x 24.44x 3x 0x 2x 0.3x
Capitalization / Revenue 16.1x 16x 10.4x 14.2x 21x 12.9x 7.67x
EV / Revenue 14.2x 15.7x 10.5x 13.8x 20.4x 12.5x 7.4x
EV / EBITDA 63.1x 54.8x 52.3x 81.3x 77.5x 50.3x 33.5x
EV / EBIT 68x 58.3x 63.7x 103x 63.8x 44.9x 23.7x
EV / FCF 178x -19.9x -44.6x 29.5x 251x 244x 102x
FCF Yield 0.56% -5.02% -2.24% 3.39% 0.4% 0.41% 0.98%
Dividend per Share 2 0.1187 0.2365 0.27 - 0.923 1.198 1.848
Rate of return 0.12% 0.15% 0.18% - 0.15% 0.19% 0.3%
EPS 2 1.447 2.399 2.46 3.29 9.166 11.57 22.49
Distribution rate 8.2% 9.86% 11% - 10.1% 10.4% 8.22%
Net sales 1 1,706 2,705 4,103 6,519 8,548 13,973 23,430
EBITDA 1 384.5 777.5 827 1,109 2,249 3,462 5,182
EBIT 1 356.5 730.7 678.1 878.5 2,733 3,882 7,304
Net income 1 368.5 664.7 688.5 929.3 2,613 3,589 6,413
Net Debt 1 -3,155 -697.3 645 -2,261 -5,381 -5,488 -6,256
Reference price 2 98.95 156.28 153.67 330.00 620.88 620.88 620.88
Nbr of stocks (in thousands) 277,039 277,039 277,053 279,896 289,411 - -
Announcement Date 2/26/23 2/26/24 2/27/25 2/27/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
67.74x20.39x77.5x0.15% 26.78B
34.62x10.47x30.37x0.43% 362B
61.76x9.05x47.96x0.15% 68.58B
62.61x18.35x80.45x0.13% 47.63B
35.9x9.42x24.46x0.49% 47.2B
29.93x9.43x19.76x1.32% 36.71B
35.89x3.37x10.27x0.43% 25.76B
75.84x14.79x71.6x0.33% 19.73B
70.58x18.72x66.46x0.19% 17.51B
71.09x28.74x57.65x0.51% 16.35B
Average 54.60x 14.27x 48.65x 0.41% 66.85B
Weighted average by Cap. 43.66x 11.67x 38.69x 0.42%

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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