Company Valuation: Simcere Pharmaceutical Group Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,030 3,965 2,254 2,273 3,992 3,558 - -
Change - 30.84% -43.14% 0.81% 75.65% -10.88% - -
Enterprise Value (EV) 1 2,944 3,802 2,173 2,151 3,637 3,360 3,418 3,526
Change - 29.15% -42.86% -1% 69.08% -7.59% 1.71% 3.16%
P/E 12.6x 28.6x 22.6x 23x 19.9x 13.4x 11.7x 9.83x
PBR 2.97x 3.84x 2.21x 2.37x 2.84x 2.23x 1.95x 1.7x
PEG - -0.8x -0.9x 3.11x 0.2x 0.5x 0.8x 0.5x
Capitalization / Revenue 3.86x 4.31x 2.46x 2.48x 3.56x 2.36x 2.02x 1.74x
EV / Revenue 3.75x 4.13x 2.37x 2.35x 3.24x 2.23x 1.95x 1.72x
EV / EBITDA 11x 24.1x 15.3x 13.2x 12.9x 9.99x 8.64x 7.74x
EV / EBIT 16.5x 30.3x 22x 18.4x 16.1x 12.1x 10.4x 9x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 3 0.15 0.16 0.16 0.16 0.18 0.3605 0.4092 0.4814
Rate of return 2.05% 1.56% 2.62% 2.4% 1.67% 3.9% 4.42% 5.2%
EPS 3 0.58 0.36 0.27 0.29 0.54 0.6886 0.7932 0.9412
Distribution rate 25.9% 44.4% 59.3% 55.2% 33.3% 52.4% 51.6% 51.1%
Net sales 1 785.2 919.9 917.9 915.2 1,122 1,509 1,757 2,045
EBITDA 1 267 158.1 141.9 163.5 280.9 336.3 395.5 455.5
EBIT 1 178.1 125.6 98.87 117 225.7 277 329.2 391.9
Net income 1 236.7 135.8 99.28 101.1 188.8 256.7 303.5 361.6
Net Debt 1 -85.96 -162.3 -81.83 -121.8 -355.3 -197.3 -139.7 -31.68
Reference price 3 7.324 10.279 6.109 6.672 10.757 9.250 9.250 9.250
Nbr of stocks (in thousands) 2,628,291 2,660,377 2,616,723 2,486,321 2,595,698 2,568,199 - -
Announcement Date 3/24/22 3/31/23 3/20/24 3/24/25 3/25/26 - - -
1CNY in Million2USD in Million3CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.43x2.23x9.99x3.9% 3.56B
36.67x13.07x27.74x0.54% 1,133B
37.73x6.36x17.89x2.07% 621B
36.35x8.36x17.26x2.41% 503B
21.21x5.12x12.74x2.55% 379B
109.25x6.09x26.14x2.27% 370B
21.57x5.62x13.82x2.84% 292B
22.08x4.46x12.77x1.98% 262B
27.83x7.14x12.79x2.3% 237B
-44.76x6.88x26.67x2.15% 190B
Average 28.14x 6.53x 17.78x 2.3% 399.15B
Weighted average by Cap. 35.56x 8.26x 20.35x 1.81%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Simcere Pharmaceutical Group Limited

Historical PBR trend

Valuation ratios - PBR - Simcere Pharmaceutical Group Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Simcere Pharmaceutical Group Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Simcere Pharmaceutical Group Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Simcere Pharmaceutical Group Limited
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