Company Valuation: Telling Telecommunication Holding Co.,Ltd

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 6,766 18,903 9,984 9,779 13,511 11,184
Change - 179.39% -47.18% -2.05% 38.16% -17.22%
Enterprise Value (EV) 1 5,266 21,694 18,407 15,672 21,388 19,624
Change - 311.95% -15.15% -14.86% 36.48% -8.25%
P/E 36.7x 92.2x 88.5x 117x 434x -520x
PBR 2.74x 7.22x 3.87x 3.26x 4.52x 3.82x
PEG - 8.3x -2x -4.5x -6.9x 3x
Capitalization / Revenue 0.11x 0.27x 0.13x 0.1x 0.16x 0.12x
EV / Revenue 0.09x 0.31x 0.24x 0.17x 0.25x 0.22x
EV / EBITDA 11.8x 28.1x 22.7x 19.6x 34.6x 37.4x
EV / EBIT 14.7x 31.3x 25.2x 21.2x 36.9x 40.3x
EV / FCF 6.01x -4.71x -3.55x 4.41x -11.2x -39.7x
FCF Yield 16.6% -21.2% -28.2% 22.7% -8.95% -2.52%
Dividend per Share 2 0.055 0.061 0.032 0.025 0.01 -
Rate of return 0.83% 0.33% 0.33% 0.26% 0.08% -
EPS 2 0.18 0.2 0.11 0.0816 0.0304 -0.021
Distribution rate 30.6% 30.5% 29.1% 30.6% 32.9% -
Net sales 1 59,784 71,000 76,427 94,825 84,038 90,570
EBITDA 1 444.8 773.2 810.5 801.3 618.3 524.1
EBIT 1 358.4 693.1 730.5 738 579.8 487.3
Net income 1 186.1 206.8 109.9 83.66 31.18 -21.53
Net Debt 1 -1,499 2,791 8,423 5,892 7,877 8,440
Reference price 2 6.600 18.440 9.740 9.540 13.180 10.910
Nbr of stocks (in thousands) 1,025,100 1,025,100 1,025,100 1,025,100 1,025,100 1,025,100
Announcement Date 4/29/21 4/21/22 4/13/23 4/28/24 4/28/25 4/28/26
1CNY in Million2CNY
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 1.18B
14.89x0.81x10.84x4.1% 2B
4.48x0.1x3.06x6.52% 320M
Average 9.69x 0.46x 6.95x 5.31% 1.17B
Weighted average by Cap. 13.45x 0.72x 9.77x 4.43%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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