Company Valuation: Songcheng Performance Development Co.,Ltd

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 37,442 38,175 25,860 24,365 21,496 15,575 - -
Change - 1.96% -32.26% -5.78% -11.77% -27.55% - -
Enterprise Value (EV) 1 35,891 36,144 23,119 21,549 18,651 12,267 11,638 10,989
Change - 0.71% -36.04% -6.79% -13.45% -34.23% -5.13% -5.58%
P/E 119x 3,946x -235x 23.2x 26.3x 16.8x 15.6x 14.5x
PBR 4.9x 5.06x 3.57x 3x 2.55x 1.79x 1.7x 1.58x
PEG - -40.7x 0x -0x -1.2x 1.2x 1.94x 2x
Capitalization / Revenue 31.6x 83.4x 13.4x 10.1x 9.52x 6.42x 6.07x 5.79x
EV / Revenue 30.3x 78.9x 12x 8.91x 8.26x 5.06x 4.54x 4.08x
EV / EBITDA 49.5x 103x 52.2x 12.6x 13x 8.07x 7.19x 6.52x
EV / EBIT 96.4x -4,637x 250x 16.3x 17.3x 10x 8.72x 7.47x
EV / FCF 548x 411x 22.6x 19.3x 14.6x 12.4x 11.7x 9.07x
FCF Yield 0.18% 0.24% 4.43% 5.19% 6.86% 8.04% 8.51% 11%
Dividend per Share 2 0.05 0.05 0.1 0.2 0.25 0.2461 0.262 0.268
Rate of return 0.35% 0.34% 1.01% 2.15% 3.05% 4.12% 4.39% 4.49%
EPS 2 0.1205 0.0037 -0.042 0.4009 0.312 0.3544 0.3828 0.4106
Distribution rate 41.5% 1,351% -238% 49.9% 80.1% 69.4% 68.4% 65.3%
Net sales 1 1,185 457.8 1,926 2,417 2,258 2,427 2,566 2,691
EBITDA 1 724.6 350.9 442.8 1,704 1,436 1,520 1,619 1,687
EBIT 1 372.5 -7.794 92.46 1,325 1,079 1,225 1,334 1,472
Net income 1 315.1 9.658 -109.9 1,049 817.7 931.6 1,008 1,082
Net Debt 1 -1,552 -2,031 -2,742 -2,816 -2,845 -3,308 -3,937 -4,586
Reference price 2 14.320 14.600 9.870 9.290 8.190 5.970 5.970 5.970
Nbr of stocks (in thousands) 2,614,694 2,614,694 2,620,094 2,622,670 2,624,680 2,608,875 - -
Announcement Date 4/22/22 4/27/23 4/25/24 4/24/25 4/23/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.7x5.04x8.04x4.16% 2.29B
-584.41x1.6x16.69x-.--% 43.42B
67.59x4.18x18.32x-.--% 3.71B
Average -166.70x 3.61x 14.35x 1.39% 16.47B
Weighted average by Cap. -507.64x 1.96x 16.42x 0.19%

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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