Company Valuation: Netac Technology Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 2,810 3,082 2,433 7,014 4,629 5,150
Change - 9.7% -21.07% 188.3% -34% 11.26%
Enterprise Value (EV) 1 2,247 2,463 1,725 6,449 4,105 4,890
Change - 9.61% -29.98% 273.9% -36.35% 19.12%
P/E 39.8x 44.8x 39.1x -160x -46.6x 190x
PBR 2.64x 2.75x 2.06x 6.21x 4.49x 4.88x
PEG - -17.55x -4.01x 1x -0x -1x
Capitalization / Revenue 1.88x 1.61x 1.37x 6.45x 5.58x 4.15x
EV / Revenue 1.51x 1.29x 0.97x 5.93x 4.95x 3.94x
EV / EBITDA 27.4x 37.7x 35x -141x -39.3x 135x
EV / EBIT 31.8x 45.7x 44.3x -113x -36.8x 207x
EV / FCF 274x 56.5x 18.1x -58.7x -4,648x -16.9x
FCF Yield 0.36% 1.77% 5.52% -1.7% -0.02% -5.92%
Dividend per Share 2 0.05 0.05 0.05 - - 0.07
Rate of return 0.36% 0.33% 0.41% - - 0.27%
EPS 2 0.3526 0.3436 0.3101 -0.2184 -0.4953 0.1355
Distribution rate 14.2% 14.6% 16.1% - - 51.7%
Net sales 1 1,491 1,913 1,772 1,088 829.5 1,240
EBITDA 1 82.08 65.35 49.22 -45.6 -104.6 36.34
EBIT 1 70.75 53.92 38.91 -56.95 -111.6 23.58
Net income 1 70.65 68.85 62.13 -43.76 -99.25 27.15
Net Debt 1 -562.3 -618.7 -708 -564.9 -524.1 -260.2
Reference price 2 14.02 15.38 12.14 35.00 23.10 25.70
Nbr of stocks (in thousands) 200,400 200,400 200,400 200,400 200,400 200,400
Announcement Date 4/26/21 A 4/7/22 A 4/25/23 A 4/2/24 A 4/8/25 A 4/9/26 A
1CNY in Million2CNY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 1.06B
23x1.94x15.28x0.45% 358B
7.91x4.43x5.52x-.--% 252B
24.73x10.01x17.74x0.35% 193B
21.32x7.58x14.66x0.14% 150B
24.55x2.27x11.63x0.82% 92.03B
18.64x0.48x8.67x1.72% 54.25B
144.55x8.92x39.32x-.--% 46.7B
29.05x5.25x15.88x0.93% 44.44B
33.08x5.83x19.82x1.27% 42.39B
Average 36.32x 5.19x 16.50x 0.63% 123.32B
Weighted average by Cap. 25.08x 4.88x 14.12x 0.42%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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