Company Valuation: Shenzhen RongDa Photosensitive Science & Technology Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 7,355 6,725 4,408 9,675 13,360 14,123
Change - -8.57% -34.45% 119.49% 38.09% 5.71%
Enterprise Value (EV) 1 7,284 6,761 4,285 9,230 13,003 13,724
Change - -7.18% -36.62% 115.38% 40.89% 5.54%
P/E 131x 170x 82.6x 112x 109x 120x
PBR 14.4x 11.2x 5.74x 7.77x 9.81x 8.25x
PEG - -5.7x 2.7x 2.1x 2.6x -16.92x
Capitalization / Revenue 13.5x 8.56x 5.99x 12.1x 14.1x 13.2x
EV / Revenue 13.4x 8.6x 5.83x 11.5x 13.7x 12.8x
EV / EBITDA 100x 112x 64.1x 69.2x 82.5x 78.1x
EV / EBIT 121x 153x 87x 80x 93.4x 95.8x
EV / FCF 719x -239x 817x -103x -74.4x -75.3x
FCF Yield 0.14% -0.42% 0.12% -0.97% -1.34% -1.33%
Dividend per Share 2 0.0348 0.0235 0.0287 0.0473 0.0682 0.0636
Rate of return 0.17% 0.13% 0.24% 0.19% 0.2% 0.18%
EPS 2 0.1565 0.1096 0.1435 0.221 0.3131 0.2909
Distribution rate 22.2% 21.4% 20% 21.4% 21.8% 21.9%
Net sales 1 544 785.8 735.3 799.3 949.4 1,069
EBITDA 1 72.73 60.29 66.88 133.4 157.6 175.7
EBIT 1 60.07 44.27 49.27 115.3 139.2 143.2
Net income 1 56.83 40 52.67 85.49 122.4 118.1
Net Debt 1 -71.22 36.15 -122.6 -445 -356.7 -399.9
Reference price 2 20.50 18.65 11.85 24.79 34.23 35.05
Nbr of stocks (in thousands) 358,795 360,528 371,924 390,336 390,336 403,005
Announcement Date 4/27/21 4/27/22 4/25/23 4/8/24 4/23/25 4/27/26
1CNY in Million2CNY
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 1.5B
36.7x5.01x20.35x1.05% 78.14B
28.98x4.39x18.95x2.29% 36.85B
24.75x2.95x15.27x2.11% 36.06B
15.9x1.51x9.2x1.98% 28.07B
38.04x9.34x28.41x2.4% 23.63B
10.19x2.68x5.61x3.98% 19.15B
26.45x2.75x11.24x1.95% 18.5B
22.98x2.78x12.76x1.48% 14.02B
11.01x2.35x5.06x1.38% 13.87B
Average 23.89x 3.75x 14.09x 2.07% 26.98B
Weighted average by Cap. 27.33x 4.09x 16.15x 1.89%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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