Company Valuation: Quectel Wireless Solutions Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 29,641 19,053 14,197 17,908 27,461 18,246 - -
Change - -35.72% -25.49% 26.14% 53.35% -33.56% - -
Enterprise Value (EV) 1 30,439 19,926 14,570 18,239 27,299 17,252 18,389 14,447
Change - -34.54% -26.88% 25.18% 49.67% -36.8% 6.59% -21.44%
P/E 73.9x 30.6x 158x 30.7x 29.8x 19.2x 15.2x 13.7x
PBR 9.26x 5.12x 3.92x 4.48x 3.64x 2.38x 2.08x 1.84x
PEG - 0.6x -1.8x 0x 0.7x 5.72x 0.6x 1.3x
Capitalization / Revenue 2.63x 1.34x 1.02x 0.96x 1.13x 0.62x 0.53x 0.48x
EV / Revenue 2.7x 1.4x 1.05x 0.98x 1.12x 0.58x 0.54x 0.38x
EV / EBITDA 53.7x 22.5x 34.3x 19.9x 23.2x 11.8x 10.3x 7.53x
EV / EBIT 84.5x 32.6x 177x 31.1x 33.5x 17.9x 14.8x 10.6x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.2904 0.5102 0.0786 0.1857 0.2714 0.3428 0.4143 -
Rate of return 0.36% 0.99% 0.2% 0.38% 0.4% 0.76% 0.91% -
EPS 2 1.083 1.684 0.2429 1.593 2.286 2.362 2.982 3.294
Distribution rate 26.8% 30.3% 32.4% 11.7% 11.9% 14.5% 13.9% -
Net sales 1 11,262 14,230 13,861 18,594 24,326 29,519 34,181 38,230
EBITDA 1 566.4 884 425.2 916.7 1,176 1,468 1,779 1,919
EBIT 1 360.2 611.4 82.44 586.6 815.8 964 1,242 1,358
Net income 1 358.1 623.8 90.71 588.2 837.1 951.3 1,201 1,328
Net Debt 1 797.7 873.1 372.9 331.1 -162.7 -993.7 143.3 -3,799
Reference price 2 80.02 51.44 38.39 48.89 68.15 45.28 45.28 45.28
Nbr of stocks (in thousands) 370,405 370,405 369,787 366,321 402,953 402,953 - -
Announcement Date 3/7/22 4/12/23 4/22/24 4/23/25 4/23/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
19.17x0.58x11.75x0.76% 2.7B
-198.27x35.36x81.4x - 1,428B
31.14x6.13x27.75x0.21% 188B
15.8x2.84x7.19x2.4% 185B
9.92x2.36x6.33x4.77% 159B
14.84x2.37x7.88x2.88% 69.78B
13.57x1.4x4.79x3.5% 36.53B
21.5x5.74x10.51x4.38% 33.81B
9.3x0.34x1.38x7.28% 26.22B
12.82x3.16x7.08x7.32% 19.24B
Average -5.02x 6.03x 16.61x 3.72% 214.86B
Weighted average by Cap. -125.61x 24.68x 58.20x 2.85%

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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