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 92,366 192,450 - -
Change - 57.93% -1.67% 116.95% 108.36% - -
Enterprise Value (EV) 1 24,259 42,599 43,220 90,105 187,207 186,444 185,177
Change - 75.6% 1.46% 108.48% 107.77% -0.41% -0.68%
P/E 68.4x 65.2x 62.5x 100x 96x 67.8x 43.5x
PBR 7.39x 9.47x 8.14x 14.1x 22.4x 17.6x 13.3x
PEG - 1x 24.44x 3x 1x 1.6x 0.8x
Capitalization / Revenue 16.1x 16x 10.4x 14.2x 23x 16.4x 11.9x
EV / Revenue 14.2x 15.7x 10.5x 13.8x 22.4x 15.9x 11.4x
EV / EBITDA 63.1x 54.8x 52.3x 81.3x 96.8x 62.8x 42.7x
EV / EBIT 68x 58.3x 63.7x 103x 98.5x 63.4x 46.4x
EV / FCF 178x -19.9x -44.6x 29.5x 358x 137x 82.4x
FCF Yield 0.56% -5.02% -2.24% 3.39% 0.28% 0.73% 1.21%
Dividend per Share 2 0.1187 0.2365 0.27 - 0.854 1.186 1.933
Rate of return 0.12% 0.15% 0.18% - 0.13% 0.18% 0.29%
EPS 2 1.447 2.399 2.46 3.29 6.929 9.804 15.27
Distribution rate 8.2% 9.86% 11% - 12.3% 12.1% 12.7%
Net sales 1 1,706 2,705 4,103 6,519 8,351 11,733 16,213
EBITDA 1 384.5 777.5 827 1,109 1,934 2,969 4,333
EBIT 1 356.5 730.7 678.1 878.5 1,901 2,939 3,994
Net income 1 368.5 664.7 688.5 929.3 2,039 2,875 4,284
Net Debt 1 -3,155 -697.3 645 -2,261 -5,243 -6,006 -7,273
Reference price 2 98.95 156.28 153.67 330.00 664.97 664.97 664.97
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.($)
95.97x22.42x96.8x0.13% 28.49B
38.67x11.96x34.86x0.39% 403B
64.96x9.76x49.76x0.15% 73.81B
90.48x19.05x88.18x0.1% 48.78B
34.73x9.24x24.04x0.49% 45.14B
34.12x10.89x22.67x1.19% 39.8B
36.99x3.55x10.42x0.08% 27.43B
72.67x14.26x64.06x0.29% 19.41B
92.06x20.77x75.6x0.15% 18.77B
46.72x15.95x34.66x1.8% 18.43B
Average 60.74x 13.78x 50.11x 0.48% 72.31B
Weighted average by Cap. 49.05x 12.47x 41.98x 0.4%

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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