Company Valuation: Tongfu Microelectronics Co.,Ltd

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 25,708 21,805 34,928 44,845 57,213 95,396 - -
Change - -15.18% 60.18% 28.39% 27.58% 66.74% - -
Enterprise Value (EV) 1 30,824 29,785 44,468 55,243 70,571 107,563 104,261 100,729
Change - -3.37% 49.3% 24.23% 27.75% 52.42% -3.07% -3.39%
P/E 27x 44.5x 210x 65.7x 47.1x 60x 50.5x 42.1x
PBR 2.48x 1.8x 2.52x 3.05x 3.69x 5.37x 5.03x 4.51x
PEG - -0.9x -3x 0x 0.6x 1.9x 2.7x 2.1x
Capitalization / Revenue 1.63x 1.02x 1.57x 1.88x 2.05x 2.9x 2.53x 2.24x
EV / Revenue 1.95x 1.39x 2x 2.31x 2.53x 3.27x 2.77x 2.36x
EV / EBITDA 10.4x 8.67x 11.8x 12.1x 13.5x 15.9x 14.1x 12.4x
EV / EBIT 32.6x 63.2x 183x 52.6x 40.4x 51.2x 41x 33.7x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - 0.097 0.012 0.045 0.081 0.0807 0.1332 0.1281
Rate of return - 0.59% 0.05% 0.15% 0.21% 0.13% 0.21% 0.2%
EPS 2 0.72 0.37 0.11 0.45 0.8 1.048 1.244 1.492
Distribution rate - 26.2% 10.9% 10% 10.1% 7.7% 10.7% 8.58%
Net sales 1 15,812 21,429 22,269 23,882 27,921 32,881 37,667 42,614
EBITDA 1 2,969 3,437 3,783 4,549 5,242 6,755 7,393 8,151
EBIT 1 945.6 471.3 243 1,049 1,748 2,099 2,545 2,985
Net income 1 953.6 502 169.4 677.6 1,219 1,570 1,916 2,244
Net Debt 1 5,116 7,980 9,540 10,398 13,357 12,167 8,864 5,333
Reference price 2 19.43 16.48 23.12 29.55 37.70 62.86 62.86 62.86
Nbr of stocks (in thousands) 1,323,117 1,323,117 1,510,714 1,517,597 1,517,597 1,517,597 - -
Announcement Date 3/10/22 3/29/23 4/12/24 4/11/25 4/16/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
59.98x3.27x15.92x0.13% 14.15B
38.4x15.18x31.45x0.46% 272B
40.53x14.08x28.58x0.26% 157B
45.43x12.08x34.04x0.13% 62.96B
49.95x19.85x40.03x1.16% 36.15B
91.12x25.56x78.4x0.13% 26.94B
92.96x40.28x93.36x0.27% 12.19B
28.79x7.92x15.94x1.9% 10.31B
68.8x3.46x18.61x0.26% 9.02B
72.51x16.42x58.85x0.87% 8.01B
Average 58.85x 15.81x 41.52x 0.56% 60.89B
Weighted average by Cap. 45.02x 15.26x 34.35x 0.42%

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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