Company Valuation: Shandong Ruifeng Chemical Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 3,452 3,097 1,796 2,300 2,384 2,612
Change - -10.3% -42.01% 28.1% 3.63% 9.56%
Enterprise Value (EV) 1 3,638 3,435 2,368 2,784 3,037 3,223
Change - -5.56% -31.06% 17.56% 9.1% 6.1%
P/E 40.2x 34.2x 29.7x 27.1x 95.2x 80.2x
PBR 4.63x 3.46x 1.92x 2.14x 2.1x 2.29x
PEG - 6.33x -0.9x 0.7x -1.3x 2.7x
Capitalization / Revenue 2.65x 1.67x 0.98x 1.3x 1.19x 1.33x
EV / Revenue 2.79x 1.85x 1.29x 1.57x 1.52x 1.64x
EV / EBITDA 25.6x 18.2x 19x 18.2x 17.8x 18.8x
EV / EBIT 33.7x 23.2x 33.2x 29.3x 39.2x 42.1x
EV / FCF -71.3x -21.4x -13.2x -29.4x -19.5x 53.6x
FCF Yield -1.4% -4.67% -7.58% -3.4% -5.12% 1.86%
Dividend per Share 2 0.12 0.12 - 0.1 0.05 0.1
Rate of return 0.81% 0.9% - 1.02% 0.53% 0.96%
EPS 2 0.37 0.39 0.26 0.36 0.1 0.13
Distribution rate 32.4% 30.8% - 27.8% 50% 76.9%
Net sales 1 1,302 1,858 1,832 1,776 2,001 1,969
EBITDA 1 142.3 189 124.5 152.8 170.3 171.6
EBIT 1 108 148.4 71.26 95 77.47 76.49
Net income 1 85.35 92.87 61.14 85.29 22.08 30.33
Net Debt 1 185.4 338.4 572.3 483.6 653.3 610.6
Reference price 2 14.86 13.33 7.73 9.77 9.52 10.43
Nbr of stocks (in thousands) 232,323 232,323 232,325 235,463 250,425 250,427
Announcement Date 4/19/21 3/30/22 4/17/23 4/19/24 4/21/25 4/14/26
1CNY in Million2CNY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 895M
27.91x4.29x13.85x2.02% 126B
17.64x4.59x26.14x3.63% 41.51B
50.93x1.32x8.14x6.18% 41.16B
11.85x1.15x6.57x2.53% 31.53B
9.41x2.76x6.85x4.73% 21.77B
24.46x - - 1.62% 21.07B
34.03x2.69x15.24x0.37% 19.75B
19.51x2.85x11.49x0.61% 18.51B
10.98x0.93x8.24x3.6% 18.35B
Average 22.97x 2.57x 12.06x 2.81% 34.02B
Weighted average by Cap. 25.54x 3.15x 13.14x 2.83%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Shandong Ruifeng Chemical Co., Ltd.