Company Valuation: Guangxi Rural Investment Sugar Industry Group Co., Ltd

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 2,486 4,283 3,303 3,263 2,882 2,926
Change - 72.32% -22.9% -1.21% -11.66% 1.53%
Enterprise Value (EV) 1 5,129 7,904 6,382 5,575 4,813 4,651
Change - 54.12% -19.26% -12.64% -13.67% -3.37%
P/E 54.8x -62.9x -7.22x 118x 105x -24.3x
PBR 20.5x 8.6x 82.4x 33.6x 23.2x -44.1x
PEG - 0x -0x -1x -144.48x 0x
Capitalization / Revenue 0.7x 1.32x 1.16x 0.97x 0.89x 1.19x
EV / Revenue 1.45x 2.44x 2.25x 1.66x 1.48x 1.89x
EV / EBITDA 13.1x 29.7x -90.9x 17.8x 20.1x 48.4x
EV / EBIT 24.5x 95.5x -25.2x 33.7x 49.5x -94.1x
EV / FCF 17.9x -27.2x -8.69x 8.16x 12.3x 17.2x
FCF Yield 5.6% -3.67% -11.5% 12.2% 8.14% 5.81%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.14 -0.17 -1.143 0.0688 0.0683 -0.3005
Distribution rate - - - - - -
Net sales 1 3,547 3,233 2,838 3,365 3,252 2,467
EBITDA 1 391.8 266.3 -70.19 312.4 239 96.02
EBIT 1 209.4 82.8 -253.3 165.5 97.28 -49.41
Net income 1 43.85 -53.65 -457.7 27.55 27.34 -120.3
Net Debt 1 2,643 3,621 3,079 2,312 1,930 1,724
Reference price 2 7.670 10.700 8.250 8.150 7.200 7.310
Nbr of stocks (in thousands) 324,081 400,320 400,320 400,320 400,320 400,320
Announcement Date 3/30/21 A 4/26/22 A 4/26/23 A 4/2/24 A 4/25/25 A 4/28/26 A
1CNY in Million2CNY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 262M
28.09x0.49x6.73x1.46% 2.62B
20.21x1.65x10.61x5.34% 1.9B
31.65x2.62x21.17x0.55% 1.41B
-218.18x1.54x7.62x3.77% 1.34B
Average -34.56x 1.58x 11.53x 2.78% 1.51B
Weighted average by Cap. -18.68x 1.40x 10.71x 2.72%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Guangxi Rural Investment Sugar Industry Group Co., Ltd