Company Valuation: Shandong High Speed Renewable Energy Group Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,526 4,002 2,725 2,366 3,334 3,194 - -
Change - -27.58% -31.91% -13.2% 40.94% -4.2% - -
Enterprise Value (EV) 5,526 4,002 2,725 2,366 3,334 3,194 3,194 3,194
Change - -27.58% -31.91% -13.2% 40.94% -4.2% 0% 0%
P/E 58.9x 47.4x 291x 171x 119x 22x 12.9x 10.3x
PBR 4.29x 2.86x 1.97x 1.69x 2.31x 2.1x 1.89x 1.68x
PEG - -3.4x -3.3x 3.4x 1x 0x 0.2x 0.4x
Capitalization / Revenue 6.68x 2.23x 1.3x 1.63x 2.3x 1.9x 1.57x 1.39x
EV / Revenue 0x 0x 0x 0x 0x 1.9x 1.57x 1.39x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 15.4x 8.48x 6.68x
EV / FCF - - - 0x 0x 22.2x 9.66x 7.88x
FCF Yield - - - 6.33% 8.04% 4.51% 10.4% 12.7%
Dividend per Share 2 - - - - - 0.12 0.2 0.25
Rate of return - - - - - 1.73% 2.89% 3.61%
EPS 2 0.199 0.1714 0.02 0.03 0.06 0.315 0.535 0.675
Distribution rate - - - - - 38.1% 37.4% 37%
Net sales 1 826.7 1,791 2,101 1,449 1,447 1,680 2,039 2,304
EBITDA 180.4 222.4 330.2 - - - - -
EBIT 1 86.51 105.8 29.82 1.027 61.35 208 376.5 478
Net income 1 80.51 84.98 8.851 13.04 30.3 165 280 355
Net Debt - - - - - - - -
Reference price 2 11.724 8.121 5.810 5.130 7.150 6.920 6.920 6.920
Nbr of stocks (in thousands) 471,330 492,792 469,042 461,113 466,296 466,296 - -
Announcement Date 3/4/22 4/19/23 4/29/24 4/22/25 4/28/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.97x - - 1.73% 475M
36.16x5.1x15.33x0.84% 42.59B
-118.24x3.98x13.08x0.16% 14.64B
630x3.52x15.2x-.--% 6.12B
18x - - - 3.94B
20.35x - - - 4.02B
39.25x1.7x8.42x2.83% 3.7B
27.62x4.01x11.45x1.75% 3.68B
10.25x - - 4.28% 3.48B
34.83x - - - 2.67B
Average 72.02x 3.66x 12.70x 1.66% 8.53B
Weighted average by Cap. 49.29x 4.50x 14.29x 0.95%

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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