Company Valuation: CN Logistics International Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1,050 2,789 2,316 1,679 1,037 1,010
Change - 165.58% -16.93% -27.53% -38.24% -2.61%
Enterprise Value (EV) 1 1,031 2,768 2,395 1,819 1,238 1,226
Change - 168.37% -13.46% -24.05% -31.91% -1.01%
P/E 10.2x 30.7x 26.1x 36.9x 31.7x 64.6x
PBR 2.98x 6.92x 6.58x 4.62x 2.02x 1.85x
PEG - -1.5x -11.52x -0.8x -0.9x -1.2x
Capitalization / Revenue 0.52x 1.04x 0.83x 0.8x 0.38x 0.34x
EV / Revenue 0.51x 1.04x 0.86x 0.86x 0.45x 0.41x
EV / EBITDA 6.45x 14.2x 13.2x 27.4x 10.2x 10.8x
EV / EBIT 7.17x 15.8x 15.6x 53.4x 13.4x 14.5x
EV / FCF 3.71x 21.4x 8.71x 80.6x -12x 15x
FCF Yield 27% 4.66% 11.5% 1.24% -8.34% 6.67%
Dividend per Share 2 0.15 0.21 0.23 0.04 0.03 0.02
Rate of return 3.57% 2.08% 2.74% 0.66% 0.87% 0.6%
EPS 2 0.4116 0.3289 0.3215 0.1649 0.109 0.052
Distribution rate 36.4% 63.8% 71.5% 24.3% 27.5% 38.5%
Net sales 1 2,021 2,673 2,788 2,104 2,746 3,007
EBITDA 1 159.8 195.5 181.8 66.27 121.5 113.1
EBIT 1 143.9 174.9 153.2 34.07 92.38 84.55
Net income 1 55.52 83.41 86.63 48.28 32.01 15.36
Net Debt 1 -18.73 -21.03 78.47 140.2 201.7 216.2
Reference price 2 4.200 10.100 8.390 6.080 3.450 3.360
Nbr of stocks (in thousands) 250,000 276,100 276,100 276,100 300,489 300,489
Announcement Date 4/14/21 A 4/25/22 A 4/27/23 A 4/25/24 A 4/24/25 A 4/24/26 A
1HKD in Million2HKD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 119M
15.35x1.09x7.94x7.05% 79.14B
16.18x0.97x7.17x3.52% 70.69B
14.11x0.86x7.58x2.05% 68.72B
12.58x9.38x28.91x5.47% 41.62B
29.17x1.21x10.58x0.58% 43.13B
25.12x1.17x12.55x3.04% 32.15B
24.65x1.84x17.64x0.82% 25.02B
13.95x0.4x3.99x2.98% 22.92B
9.91x1.42x5.22x4.26% 14.82B
Average 17.89x 2.04x 11.29x 3.31% 39.83B
Weighted average by Cap. 17.58x 1.94x 10.87x 3.64%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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