Company Valuation: Poly Plastic Masterbatch (SuZhou) Co.,Ltd

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 4,077 3,669 2,164 3,417 4,634 5,763
Change - -10.01% -41.01% 57.86% 35.63% 24.35%
Enterprise Value (EV) 1 3,203 3,053 1,770 2,982 4,238 5,412
Change - -4.68% -42.01% 68.43% 42.13% 27.69%
P/E 30.9x 35.4x 45.5x 31.3x 40.7x 37.9x
PBR 3.25x 2.85x 1.69x 1.89x 2.48x 2.97x
PEG - -1.7x -0.8x 0.4x 12.62x 1.2x
Capitalization / Revenue 6.07x 4.75x 2.73x 2.85x 3.4x 3.88x
EV / Revenue 4.77x 3.95x 2.24x 2.49x 3.11x 3.64x
EV / EBITDA 23.9x 28.1x 25.9x 20.5x 23.8x 22x
EV / EBIT 26.1x 32.2x 54x 33x 37.5x 30.7x
EV / FCF -1,009x -11.8x -14.2x -24x 615x 473x
FCF Yield -0.1% -8.44% -7.02% -4.17% 0.16% 0.21%
Dividend per Share 2 0.5 0.4 0.2 0.5 0.3 0.5
Rate of return 1.77% 1.57% 1.33% 2.58% 1.15% 1.55%
EPS 2 0.915 0.72 0.33 0.62 0.64 0.85
Distribution rate 54.6% 55.6% 60.6% 80.6% 46.9% 58.8%
Net sales 1 671.3 772.4 791.8 1,197 1,363 1,485
EBITDA 1 134 108.5 68.32 145.7 177.9 246
EBIT 1 122.6 94.8 32.81 90.35 113.1 176.3
Net income 1 104.4 103.3 46.89 99.49 114 151.3
Net Debt 1 -874.1 -615.9 -393.9 -434.8 -395.9 -350.6
Reference price 2 28.32 25.48 15.03 19.38 26.06 32.23
Nbr of stocks (in thousands) 144,000 144,000 144,000 176,300 177,827 178,794
Announcement Date 4/7/21 3/29/22 3/29/23 3/28/24 4/15/25 4/23/26
1CNY in Million2CNY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 768M
31.04x7.09x18.14x1.26% 234B
28.25x4.36x14.05x2.1% 124B
29.16x3.55x18.15x0.99% 78.68B
19.22x6.85x30.45x3.85% 72.76B
91.18x6.71x15.62x2.35% 68.39B
89.5x1.33x9.26x5.8% 38.11B
10.94x1.08x5.85x2.82% 33.01B
15.83x1.8x10.58x2.56% 25.22B
17.25x0.86x6x4.13% 24.54B
Average 36.93x 3.74x 14.23x 2.87% 69.97B
Weighted average by Cap. 36.19x 5.14x 16.69x 2.22%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Poly Plastic Masterbatch (SuZhou) Co.,Ltd

Historical PBR trend

Valuation ratios - PBR - Poly Plastic Masterbatch (SuZhou) Co.,Ltd

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Poly Plastic Masterbatch (SuZhou) Co.,Ltd

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Poly Plastic Masterbatch (SuZhou) Co.,Ltd

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