Company Valuation: VNET Group, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 8,356 5,789 5,238 9,236 15,919 14,255 - -
Change - -30.73% -9.52% 76.35% 72.35% -10.45% - -
Enterprise Value (EV) 1 15,214 13,058 14,483 19,418 29,966 37,012 43,676 49,299
Change - -14.17% 10.91% 34.08% 54.32% 23.51% 18.01% 12.88%
P/E 16.8x -7.49x -1.16x 288x -61.6x -11.5x 82.7x 42.8x
PBR 1.17x 0.88x 0.87x 1.44x 2.56x 2.09x 2.05x 2.01x
PEG - 0x -0x -3x 0x -0x -1x 0.5x
Capitalization / Revenue 1.35x 0.82x 0.71x 1.12x 1.6x 1.22x 1.01x 0.84x
EV / Revenue 2.46x 1.85x 1.95x 2.35x 3.01x 3.17x 3.08x 2.92x
EV / EBITDA 8.68x 6.97x 7.1x 7.99x 10.1x 9.95x 9.3x 8.45x
EV / EBIT 714x 108x -7.35x 29x 38.4x 34.8x 29.1x 23.9x
EV / FCF -11.7x -23.5x -16x -21.1x -5.22x -4.77x -6.56x -9.81x
FCF Yield -8.57% -4.25% -6.24% -4.74% -19.1% -21% -15.2% -10.2%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 3.42 -5.22 -17.58 0.12 -0.96 -4.362 0.6055 1.171
Distribution rate - - - - - - - -
Net sales 1 6,190 7,065 7,413 8,259 9,949 11,690 14,174 16,898
EBITDA 1 1,754 1,873 2,039 2,430 2,978 3,720 4,697 5,834
EBIT 1 21.31 121.2 -1,971 669.4 780.3 1,064 1,502 2,063
Net income 1 500.1 -776 -2,644 183.2 -251.8 -1,311 164.1 366.3
Net Debt 1 6,857 7,270 9,245 10,182 14,047 22,757 29,421 35,044
Reference price 2 57.36 39.11 20.35 34.60 59.17 50.07 50.07 50.07
Nbr of stocks (in thousands) 145,672 148,024 257,364 266,966 269,026 284,692 - -
Announcement Date 3/30/22 3/21/23 3/27/24 3/12/25 3/16/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-11.62x3.18x9.99x-.--% 2.14B
23.66x3.81x13.3x2.83% 225B
-117.13x18.65x107.67x-.--% 116B
13.33x1.47x7.73x3.61% 110B
15.84x2.9x10.95x5.19% 92.77B
20.42x5.36x13.16x2.79% 61.54B
15.59x2.28x9.68x5.01% 50.56B
21.73x1.58x10.05x0.87% 40.71B
20.98x1.72x10.51x1.4% 40.51B
18.6x2.44x11.46x4.68% 38.74B
Average 2.14x 4.34x 20.45x 2.64% 77.74B
Weighted average by Cap. -1.08x 5.31x 25.63x 2.85%

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

  1. Stock Market
  2. Stocks
  3. VNET Stock
  4. Valuation VNET Group, Inc.