Company Valuation: Topsec Technologies Group Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 22,175 11,548 11,476 7,503 10,550 8,061 - -
Change - -47.92% -0.63% -34.62% 40.62% -23.59% - -
Enterprise Value (EV) 21,301 10,770 10,554 7,503 10,550 8,061 8,061 8,061
Change - -49.44% -2% -28.91% 40.62% -23.59% 0% 0%
P/E 53.3x 55.7x -30x 88x 141x 74.3x 56.2x 44.2x
PBR 2.35x 1.21x 1.23x 0.81x 1.11x 0.85x 0.85x 0.84x
PEG - -1.1x 0x -1x -11.5x 1.6x 1.7x 1.6x
Capitalization / Revenue 6.26x 3.26x 3.67x 2.66x 4.1x 2.87x 2.6x 2.33x
EV / Revenue 0x 0x 0x 0x 0x 2.87x 2.6x 2.33x
EV / EBITDA 0x 0x -0x 0x 0x 21.7x 19.5x 17.6x
EV / EBIT 0x 0x -0x 0x 0x 67.6x 48.6x 41.6x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.02 - - 0.02 - - - -
Rate of return 0.1% - - 0.31% - - - -
EPS 2 0.36 0.1793 -0.3265 0.0733 0.0643 0.0933 0.1233 0.1567
Distribution rate 5.56% - - 27.3% - - - -
Net sales 1 3,541 3,543 3,124 2,820 2,572 2,810 3,106 3,454
EBITDA 1 533.8 464.1 -114.9 312 336.1 371 414 459
EBIT 1 488.1 245 -392.8 11.82 30.98 119.3 166 193.7
Net income 1 413.2 205.1 -371.4 83.01 74.22 112 156.5 180
Net Debt -874.1 -778.1 -921.4 - - - - -
Reference price 2 19.170 9.990 9.780 6.450 9.070 6.930 6.930 6.930
Nbr of stocks (in thousands) 1,156,741 1,155,989 1,173,399 1,163,203 1,163,203 1,163,203 - -
Announcement Date 2/16/22 4/21/23 4/19/24 4/18/25 4/23/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
74.25x - - - 1.2B
30.42x14.26x22.57x0.6% 521B
10.98x0.18x3.99x1.61% 442M
5.02x0.07x0.87x3.47% 228M
4.8x0.29x3.09x6.33% 205M
Average 25.09x 3.70x 7.63x 3% 104.71B
Weighted average by Cap. 30.48x 14.24x 22.53x 0.6%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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