Company Valuation: Bright Real Estate Group Co.,Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 5,683 5,326 5,482 4,792 8,291 8,669
Change - -6.27% 2.93% -12.6% 73.02% 4.57%
Enterprise Value (EV) 1 33,999 29,643 30,176 31,490 35,926 36,870
Change - -12.81% 1.8% 4.35% 14.09% 2.63%
P/E -74.3x -58x 2,052x 142x -8.74x -2.37x
PBR 0.52x 0.49x 0.51x 0.44x 0.84x 1.4x
PEG - -2.9x -20x 0x 0x -0x
Capitalization / Revenue 0.38x 0.21x 0.33x 0.56x 1.49x 1.94x
EV / Revenue 2.27x 1.15x 1.82x 3.66x 6.47x 8.23x
EV / EBITDA 41.1x 17.3x 25x 234x -42.5x -18.2x
EV / EBIT 43.7x 18.2x 26.3x 387x -39.8x -18x
EV / FCF 5.59x -12.8x 13.5x -17.3x -15.4x 29.9x
FCF Yield 17.9% -7.83% 7.38% -5.77% -6.49% 3.35%
Dividend per Share 2 0.02 0.015 0.01 0.005 - -
Rate of return 0.78% 0.63% 0.41% 0.23% - -
EPS 2 -0.0343 -0.0412 0.001199 0.0152 -0.4255 -1.639
Distribution rate -58.3% -36.4% 834% 32.9% - -
Net sales 1 14,985 25,880 16,541 8,605 5,554 4,478
EBITDA 1 827.8 1,712 1,208 134.5 -844.8 -2,024
EBIT 1 778.1 1,632 1,147 81.3 -903.7 -2,050
Net income 1 106.8 70.08 51.21 33.84 -948.4 -3,654
Net Debt 1 28,316 24,316 24,694 26,698 27,636 28,201
Reference price 2 2.550 2.390 2.460 2.150 3.720 3.890
Nbr of stocks (in thousands) 2,228,637 2,228,637 2,228,637 2,228,637 2,228,637 2,228,637
Announcement Date 4/23/21 A 4/29/22 A 4/15/23 A 4/25/24 A 4/28/25 A 4/28/26 A
1CNY in Million2CNY
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 879M
65.15x - - - 69.9B
12.5x4.38x11.24x3.85% 39.6B
18.33x4.01x16.12x1.34% 28.21B
5.68x0.75x1.56x8.71% 27.62B
14.35x3.14x15.02x2.44% 26.41B
8.02x1.47x8.22x4.41% 26.72B
10.23x2.01x7.74x4.1% 20.57B
8.43x2.96x6.93x-.--% 20.18B
13.05x6.39x16.81x1.67% 18.65B
Average 17.31x 3.14x 10.46x 3.32% 27.87B
Weighted average by Cap. 24.98x 3.12x 10.44x 3.5%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Bright Real Estate Group Co.,Limited

Historical PBR trend

Valuation ratios - PBR - Bright Real Estate Group Co.,Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Bright Real Estate Group Co.,Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Bright Real Estate Group Co.,Limited

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