Company Valuation: Shandong Fengyuan Chemical Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1,984 5,614 8,106 4,475 3,333 4,966
Change - 182.91% 44.39% -44.79% -25.53% 48.99%
Enterprise Value (EV) 1 1,984 5,486 8,731 6,244 4,948 6,432
Change - 176.58% 59.15% -28.48% -20.76% 29.99%
P/E -68.2x 95.6x 49.4x -11.5x -9.22x -10.2x
PBR 3.63x 5.38x 3.29x 2.16x 1.95x 5.79x
PEG - -0x 0x 0x 1.28x -0.3x
Capitalization / Revenue 5.55x 6.99x 4.67x 1.61x 2.24x 2.13x
EV / Revenue 5.55x 6.83x 5.03x 2.25x 3.32x 2.76x
EV / EBITDA 2,419x 50.9x 30.9x -30.7x -29.7x -59.8x
EV / EBIT -64.1x 74.7x 38.4x -19.1x -13.6x -16.8x
EV / FCF 11.3x -13.4x -4.18x -10.3x 9.22x 14.2x
FCF Yield 8.84% -7.44% -24% -9.72% 10.8% 7.03%
Dividend per Share 2 - 0.0214 0.0714 - - -
Rate of return - 0.09% 0.25% - - -
EPS 2 -0.1429 0.2357 0.5857 -1.39 -1.29 -1.732
Distribution rate - 9.08% 12.2% - - -
Net sales 1 357.3 803 1,736 2,777 1,490 2,327
EBITDA 1 0.8198 107.8 282.7 -203.4 -166.8 -107.5
EBIT 1 -30.96 73.45 227.3 -326.9 -363.4 -383.4
Net income 1 -29.2 53.09 150.9 -389.3 -362.2 -485.2
Net Debt 1 -0.746 -127.6 625.4 1,769 1,615 1,466
Reference price 2 9.75 22.54 28.94 15.98 11.90 17.73
Nbr of stocks (in thousands) 203,519 249,105 280,063 280,063 280,063 280,063
Announcement Date 4/15/21 4/27/22 3/16/23 4/26/24 4/28/25 4/28/26
1CNY in Million2CNY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 674M
27.07x4.2x13.51x2.14% 121B
17.47x5.62x27.94x3.94% 59.4B
62.79x1.29x8.48x6.15% 37.71B
11.07x1.18x6.38x2.99% 32.39B
9.23x3.01x7.07x4.7% 24.19B
8x0.82x5.06x4.75% 18.78B
15.89x0.77x5.73x1.94% 18.69B
70.18x12.69x46.14x0.07% 18.64B
25.75x2.66x12.6x0.43% 18.03B
Average 27.49x 3.58x 14.77x 3.01% 35B
Weighted average by Cap. 27.18x 3.77x 15.14x 3.07%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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