Company Valuation: Shandong Ruyi Woolen Garment Group Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1,785 1,649 2,526 1,733 1,481 1,392
Change - -7.62% 53.17% -31.4% -14.5% -6.01%
Enterprise Value (EV) 1 2,754 2,945 3,654 2,873 2,629 2,538
Change - 6.93% 24.05% -21.37% -8.48% -3.45%
P/E Ratio 341x 1,658x -16.4x -2.77x -2.57x -3.78x
PBR 0.67x 0.61x 0.99x 1.39x 2.22x 4.69x
PEG - -20.5x 0x -0x 0.34x 0.1x
Capitalization / Revenue 2.27x 2.39x 4.26x 4.51x 3.3x 3.87x
EV / Revenue 3.5x 4.27x 6.17x 7.49x 5.85x 7.05x
EV / EBITDA 31.5x 28.6x -83.6x -33.2x -51.5x -44.2x
EV / EBIT -323x 399x -26.5x -17.2x -21.7x -22.6x
EV / FCF 18.1x 7.04x 15.2x 12.1x 35x 10.7x
FCF Yield 5.54% 14.2% 6.57% 8.29% 2.85% 9.33%
Dividend per Share 2 0.01 0.011 - - - -
Rate of return 0.15% 0.17% - - - -
EPS 2 0.02 0.0038 -0.5896 -2.387 -2.206 -1.406
Distribution rate 50% 289% - - - -
Net sales 1 786.2 689.7 592.3 383.8 449.2 359.9
EBITDA 1 87.55 102.9 -43.69 -86.49 -51.03 -57.41
EBIT 1 -8.539 7.382 -138 -166.6 -121.2 -112.3
Net income 1 5.093 0.9938 -154.3 -624.8 -577.5 -368
Net Debt 1 969.6 1,297 1,128 1,140 1,148 1,146
Reference price 2 6.820 6.300 9.650 6.620 5.660 5.320
Nbr of stocks (in thousands) 261,716 261,716 261,716 261,716 261,716 261,716
Announcement Date 4/29/21 4/28/22 4/28/23 4/29/24 4/28/25 4/27/26
1CNY in Million2CNY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 168M
22.51x3.32x10.88x2.61% 282B
21.43x2.77x14.1x0.98% 23.41B
23.44x4.45x10.92x2.41% 17.51B
10.92x1.07x5.13x-.--% 13.84B
15.76x2.34x9.91x1.72% 11.02B
15.83x1.56x10.26x2.38% 9.32B
16.68x1.02x9.66x2.07% 6.85B
11.21x1.4x6.1x7.49% 6.21B
Average 17.22x 2.24x 9.62x 2.46% 41.16B
Weighted average by Cap. 21.39x 3.11x 10.73x 2.44%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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