Company Valuation: Tasly Pharmaceutical Group Co., Ltd

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 23,778 15,988 25,427 21,603 22,514 22,140 - -
Change - -32.76% 59.04% -15.04% 4.22% -1.66% - -
Enterprise Value (EV) 1 23,086 14,968 23,635 20,197 22,465 20,596 16,428 19,771
Change - -35.16% 57.9% -14.55% 11.23% -8.32% -20.24% 20.35%
P/E 10.1x -63.3x 23.6x 22.6x 20.4x 16.4x 13.7x 12.1x
PBR 1.83x 1.3x 2.06x 1.81x 1.82x 1.66x 1.53x 1.41x
PEG - 1x -0x -2x 1.3x 0.7x 0.7x 0.9x
Capitalization / Revenue 2.99x 1.86x 2.93x 2.54x 2.73x 2.55x 2.32x 2.11x
EV / Revenue 2.9x 1.74x 2.72x 2.38x 2.73x 2.37x 1.72x 1.88x
EV / EBITDA 7.32x 50.8x 14.2x 12.8x 12.3x 9.81x 6.85x 7.48x
EV / EBIT 8.45x -97.9x 19.2x 18.8x 16.6x 12.9x 9.11x 9.72x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.33 0.33 0.33 0.2 0.1 0.4128 0.5161 0.5783
Rate of return 2.08% 3.07% 1.94% 1.38% 0.66% 2.79% 3.48% 3.9%
EPS 2 1.57 -0.17 0.72 0.64 0.74 0.9044 1.082 1.222
Distribution rate 21% -194% 45.8% 31.3% 13.5% 45.6% 47.7% 47.3%
Net sales 1 7,952 8,593 8,674 8,498 8,236 8,675 9,556 10,497
EBITDA 1 3,153 294.6 1,663 1,578 1,820 2,100 2,397 2,645
EBIT 1 2,733 -153 1,228 1,076 1,350 1,595 1,803 2,033
Net income 1 2,359 -256.5 1,071 955.6 1,105 1,353 1,616 1,827
Net Debt 1 -691.9 -1,020 -1,792 -1,406 -48.5 -1,544 -5,712 -2,369
Reference price 2 15.85 10.76 17.02 14.46 15.07 14.82 14.82 14.82
Nbr of stocks (in thousands) 1,500,163 1,485,873 1,493,950 1,493,950 1,493,950 1,493,950 - -
Announcement Date 3/30/22 3/27/23 4/15/24 2/24/25 2/6/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.57x2.38x9.99x3.07% 3.29B
15.56x1.85x12.51x5.5% 13.14B
22.22x1.42x8.53x2.86% 4.85B
15.99x2.92x8.97x5.31% 4.56B
18.28x - - 1.28% 3.94B
26.38x - - - 3.54B
13.29x2.72x11.14x6.14% 1.65B
Average 18.33x 2.26x 10.23x 4.03% 4.99B
Weighted average by Cap. 17.93x 2.07x 10.84x 4.32%

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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