Company Valuation: XD Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 15,189 9,018 4,370 11,406 28,218 19,180 - -
Change - -40.63% -51.54% 160.99% 147.4% -32.03% - -
Enterprise Value (EV) 1 13,054 6,195 1,367 8,784 24,651 13,727 11,795 9,577
Change - -52.54% -77.94% 542.71% 180.64% -44.31% -14.08% -18.8%
P/E -17.3x -16.3x -51.4x 14x 19x 10.6x 9.27x 8.17x
PBR 6.49x 4.78x 2.56x 4.46x 7.64x 3.83x 2.8x 2.25x
PEG - 0.4x 0.6x -0x 0.2x 0.5x 0.6x 0.6x
Capitalization / Revenue 5.62x 2.63x 1.29x 2.28x 4.9x 2.91x 2.62x 2.36x
EV / Revenue 4.83x 1.81x 0.4x 1.75x 4.28x 2.08x 1.61x 1.18x
EV / EBITDA -17x -17.5x 8.63x 8.31x 13.8x 6.37x 4.71x 3.36x
EV / EBIT -13.7x -10.9x -262x 9.6x 14.7x 7.07x 5.3x 3.7x
EV / FCF -23x -17x 5.88x 6.99x 17.7x 6.05x 5.74x 3.71x
FCF Yield -4.34% -5.89% 17% 14.3% 5.65% 16.5% 17.4% 26.9%
Dividend per Share 2 - - - 0.3735 - 0.3384 0.329 -
Rate of return - - - 1.58% - 0.84% 0.82% -
EPS 2 -1.86 -1.17 -0.18 1.69 3.07 3.771 4.332 4.911
Distribution rate - - - 22.1% - 8.97% 7.59% -
Net sales 1 2,703 3,431 3,389 5,012 5,764 6,589 7,309 8,141
EBITDA 1 -768.2 -353 158.4 1,056 1,788 2,156 2,504 2,849
EBIT 1 -955.5 -567.9 -5.222 914.8 1,680 1,941 2,225 2,588
Net income 1 -863.8 -553.5 -83.04 811.5 1,535 1,824 2,072 2,411
Net Debt 1 -2,135 -2,823 -3,004 -2,622 -3,567 -5,453 -7,385 -9,603
Reference price 2 32.18 19.11 9.26 23.63 58.28 40.14 40.14 40.14
Nbr of stocks (in thousands) 471,993 471,993 472,016 482,612 484,209 477,801 - -
Announcement Date 3/30/22 3/30/23 3/28/24 3/28/25 3/27/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.23x3.18x8.26x2.5% 82.94B
18.45x2.49x8.83x2.32% 12.4B
12.6x1.6x4.73x0.92% 7.37B
28.69x2.57x12.86x1.59% 6.43B
13.44x2.3x10.59x6.05% 6.23B
14.07x3.39x8.46x5.42% 3.99B
15.09x5.12x12.11x3.41% 3.36B
12.96x1.95x9.09x6.76% 3.05B
10.18x1.02x4.69x0.58% 2.97B
Average 15.52x 2.62x 8.85x 3.28% 14.3B
Weighted average by Cap. 15.12x 2.93x 8.50x 2.69%

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