Company Valuation: CASTECH Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 5,887 8,093 6,763 12,624 15,236 26,494
Change - 37.47% -16.43% 86.66% 20.69% 73.89%
Enterprise Value (EV) 1 5,634 7,812 6,366 12,299 15,021 26,401
Change - 38.67% -18.5% 93.19% 22.13% 75.76%
P/E 41x 42.3x 29.9x 60.4x 69.6x 95.1x
PBR 5.5x 6.63x 4.89x 8.73x 9.66x 15x
PEG - 1.3x 1.6x -7.88x 14.95x 3.5x
Capitalization / Revenue 10.8x 11.8x 8.8x 16.2x 17.4x 22.9x
EV / Revenue 10.3x 11.3x 8.29x 15.7x 17.2x 22.8x
EV / EBITDA 29x 32x 23.1x 48.2x 49.1x 66x
EV / EBIT 37.7x 39.5x 27.5x 60.3x 62.4x 81.4x
EV / FCF 86.4x 1,179x 69x -131x -151x -251x
FCF Yield 1.16% 0.08% 1.45% -0.76% -0.66% -0.4%
Dividend per Share 2 0.0909 0.1364 0.2273 0.2273 0.2 0.2
Rate of return 0.73% 0.79% 1.58% 0.85% 0.62% 0.35%
EPS 2 0.3055 0.4069 0.4815 0.4446 0.4653 0.5924
Distribution rate 29.8% 33.5% 47.2% 51.1% 43% 33.8%
Net sales 1 546.5 688.7 768.4 781.6 875.7 1,158
EBITDA 1 194.1 244.2 275.9 255.4 305.9 399.7
EBIT 1 149.5 197.8 231.4 204 240.6 324.3
Net income 1 143.7 191.4 226.4 209.1 218.8 278.6
Net Debt 1 -253 -280.5 -396.6 -325 -215.2 -92.85
Reference price 2 12.52 17.21 14.38 26.85 32.40 56.34
Nbr of stocks (in thousands) 470,250 470,250 470,250 470,250 470,250 470,250
Announcement Date 4/23/21 A 4/22/22 A 4/21/23 A 4/19/24 A 4/28/25 A 4/28/26 A
1CNY in Million2CNY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 5.86B
36.16x6.47x20.14x0.61% 205B
89.87x10.5x42.44x0.56% 121B
39.76x14.89x29.7x0.33% 114B
14.1x0.3x6.83x3.64% 108B
113.93x10.97x53.9x0.14% 97.47B
96.48x11.31x48.01x0.01% 76.54B
22.77x1.26x13.91x0.44% 69.99B
57.91x12.51x38.26x0.67% 67.05B
18.34x3.15x11.93x1.5% 57.88B
Average 54.37x 7.93x 29.46x 0.88% 92.29B
Weighted average by Cap. 53.82x 8.04x 28.94x 0.88%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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