Company Valuation: Tibet Rhodiola Pharmaceutical Holding Co.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 16,681 12,982 8,906 12,099 11,906 13,715
Change - -22.18% -31.4% 35.86% -1.59% 15.19%
Enterprise Value (EV) 1 15,908 12,218 7,462 10,226 9,555 11,106
Change - -23.19% -38.93% 37.05% -6.56% 16.23%
P/E 39.8x 62.3x 24.1x 15.1x 11.3x 14.6x
PBR 6.48x 4.94x 2.96x 3.62x 3.04x 3.61x
PEG - -1.2x 0.3x 0x 0.4x -1.4x
Capitalization / Revenue 12.1x 6.07x 3.49x 3.86x 4.24x 4.6x
EV / Revenue 11.6x 5.71x 2.92x 3.26x 3.4x 3.72x
EV / EBITDA 32.8x 18.7x 9.85x 9.25x 9.87x 11.1x
EV / EBIT 39.1x 21.3x 10.8x 9.85x 10.7x 12x
EV / FCF 207x -208x 16.3x 17.5x 19.8x 15.9x
FCF Yield 0.48% -0.48% 6.14% 5.73% 5.06% 6.28%
Dividend per Share 2 0.3923 0.26 0.5738 1.492 1.957 1.757
Rate of return 0.76% 0.65% 2.08% 3.97% 5.3% 4.13%
EPS 2 1.3 0.6462 1.146 2.485 3.26 2.91
Distribution rate 30.2% 40.2% 50.1% 60% 60% 60.4%
Net sales 1 1,373 2,139 2,555 3,134 2,807 2,982
EBITDA 1 485 654.2 757.5 1,105 967.6 1,002
EBIT 1 407.3 572.7 688.3 1,039 893.4 924.7
Net income 1 418.1 208.9 369.8 800.9 1,051 937.9
Net Debt 1 -773.1 -763.6 -1,444 -1,873 -2,351 -2,609
Reference price 2 51.75 40.28 27.63 37.54 36.94 42.55
Nbr of stocks (in thousands) 322,319 322,319 322,319 322,319 322,319 322,319
Announcement Date 3/11/21 3/11/22 3/10/23 3/26/24 3/14/25 3/12/26
1CNY in Million2CNY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 1.85B
34.25x12.25x25.43x0.59% 1,028B
27.09x6.22x16.9x2.1% 611B
30.33x7.27x14.9x2.81% 432B
17.47x4.34x10.68x3.06% 323B
21.17x5.44x13.17x2.9% 277B
20.69x4.37x12.08x2.02% 257B
13.99x5.26x10.84x3.55% 217B
23.3x6.19x10.94x2.84% 192B
-46.85x5.61x31x2.5% 161B
Average 15.72x 6.33x 16.22x 2.48% 350.02B
Weighted average by Cap. 23.34x 7.66x 17.88x 2.04%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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