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 341x 1,658x -16.4x -2.77x -2.57x -3.78x
PBR 0.67x 0.61x 0.99x 1.39x 2.22x 4.65x
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 -19.7x
EV / EBIT -323x 399x -26.5x -17.2x -21.7x -13.8x
EV / FCF 18.1x 7.04x 15.2x 12.1x 35x 17x
FCF Yield 5.54% 14.2% 6.57% 8.29% 2.85% 5.87%
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 -129.2
EBIT 1 -8.539 7.382 -138 -166.6 -121.2 -183.3
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 186M
20.4x3.09x10.34x2.85% 262B
20.95x2.75x13.93x1% 23.08B
20.55x3.94x9.72x2.77% 15.4B
10.83x1.05x5.06x-.--% 13.58B
20.93x2.32x9.12x1.78% 10.55B
14.56x1.46x9.56x2.66% 8.63B
11.05x1.45x6.29x7.16% 6.93B
13.57x0.89x8.54x2.46% 5.79B
Average 16.60x 2.12x 9.07x 2.58% 38.43B
Weighted average by Cap. 19.63x 2.89x 10.18x 2.65%

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 Ruyi Woolen Garment Group Co., Ltd.