Company Valuation: Tofflon Science and Technology Group Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 31,756 15,078 13,686 10,104 11,945 12,417 - -
Change - -52.52% -9.23% -26.17% 18.22% 3.95% - -
Enterprise Value (EV) 1 31,756 15,078 13,686 10,104 8,915 8,705 11,060 10,925
Change - -52.52% -9.23% -26.17% -11.77% -2.36% 27.06% -1.22%
P/E 38.9x 17.8x 22.8x 51.1x - - - -
PBR 7.35x 2.03x 1.74x 1.3x 1.52x 1.52x 1.44x 1.36x
PEG - 7.71x -0.6x -0.8x - - - -
Capitalization / Revenue 7.57x 2.76x 2.43x 2.02x 2.28x 2.25x 2.07x 1.87x
EV / Revenue 7.57x 2.76x 2.43x 2.02x 1.7x 1.58x 1.85x 1.64x
EV / EBITDA - 14.1x 17.2x 27.7x 20.8x 15.1x 15x 11x
EV / EBIT 31.2x 15.1x 19.5x 46.8x 33.5x 21.3x 19.5x 13.3x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.39 0.33 0.24 - 0.08 0.13 0.22 0.3
Rate of return 0.77% 1.39% 1.33% - 0.51% 0.8% 1.35% 1.84%
EPS 2 1.3 1.33 0.79 0.26 - - - -
Distribution rate 30% 24.8% 30.4% - - - - -
Net sales 1 4,192 5,469 5,642 5,010 5,233 5,526 5,985 6,647
EBITDA 1 - 1,068 797.4 364.3 428 575.2 735.3 993.9
EBIT 1 1,016 999.2 702.8 215.7 266.1 408.1 567.2 820.4
Net income 827.8 846.6 600.2 194.1 - - - -
Net Debt 1 - - - - -3,031 -3,712 -1,357 -1,492
Reference price 2 50.54 23.73 17.99 13.28 15.70 16.32 16.32 16.32
Nbr of stocks (in thousands) 628,337 635,415 760,775 760,848 760,848 760,848 - -
Announcement Date 4/7/22 4/26/23 4/24/24 4/24/25 4/29/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- 1.51x14.46x0.82% 1.8B
30.85x5.4x19.6x0.84% 122B
26.49x4.86x17.01x2.27% 34.7B
20.52x1.75x12.63x2.29% 29.85B
29.14x3.9x14.74x0.12% 28.65B
19x3.23x10.33x1.6% 26.5B
20.6x2.99x12.9x1.14% 25.12B
23.54x2.87x12.38x1.6% 25.18B
102.23x35.98x78.83x0.42% 24.88B
26.45x3.31x16.18x1.72% 23.68B
Average 33.20x 6.58x 20.91x 1.28% 34.2B
Weighted average by Cap. 32.05x 6.43x 20.63x 1.22%

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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-40%: Exceptional extension
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