Company Valuation: Shanghai Foreign Service Holding Group Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 16,205 13,631 10,962 11,577 11,463 9,568 - -
Change - -15.88% -19.58% 5.62% -0.99% -16.53% - -
Enterprise Value (EV) 16,205 13,631 10,962 11,577 11,463 9,568 9,568 9,568
Change - -15.88% -19.58% 5.62% -0.99% -16.53% 0% 0%
P/E 23x 24.7x 18.6x 10.6x 17.5x 12.7x 11.6x -
PBR - 3.49x 2.58x 2.29x 2.21x 1.72x 1.61x -
PEG - -1.1x 2.59x 0.1x -0.4x 0.8x 1.28x -
Capitalization / Revenue - 0.93x 0.57x 0.52x 0.48x 0.36x 0.34x 0.33x
EV / Revenue - 0x 0x 0x 0x 0.36x 0.34x 0.33x
EV / EBITDA - 0x 0x 0x 0x 9.73x 9.03x 8.99x
EV / EBIT - 0x 0x 0x 0x 9.04x 8.32x 8.12x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - 0.12 0.13 0.24 0.15 0.17 0.19 -
Rate of return - 2.01% 2.71% 4.73% 2.99% 4.06% 4.53% -
EPS 2 0.3109 0.2413 0.2586 0.4797 0.2868 0.33 0.36 -
Distribution rate - 49.7% 50.3% 50% 52.3% 51.5% 52.8% -
Net sales 1 - 14,664 19,156 22,307 24,129 26,392 28,512 28,966
EBITDA 1 - 891.8 1,005 1,530 1,054 983.5 1,060 1,064
EBIT 1 - 815.5 890.1 1,453 950.2 1,058 1,150 1,178
Net income 1 531.6 546.3 586 1,086 652.3 731.5 788 791
Net Debt - - - - - - - -
Reference price 2 7.160 5.970 4.800 5.070 5.020 4.190 4.190 4.190
Nbr of stocks (in thousands) 2,263,279 2,283,297 2,283,712 2,283,496 2,283,457 2,283,443 - -
Announcement Date 4/22/22 4/21/23 4/25/24 4/17/25 4/23/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.64x - - 4.08% 1.42B
21.4x4.38x14.66x2.73% 104B
18.36x0.33x8.14x4.58% 7.17B
13.69x0.29x7.78x3.97% 5.2B
13.58x0.33x5.59x4.46% 4.11B
29.07x0.63x13.22x6.45% 3.7B
64.55x2.87x10.14x-.--% 3.2B
18.88x0.18x7.58x2.39% 2.65B
7.25x - - 6.81% 1.06B
17.39x2.59x9.5x3.91% 1.05B
Average 21.68x 1.45x 9.58x 3.94% 13.33B
Weighted average by Cap. 21.65x 3.62x 13.41x 3.02%

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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