Company Valuation: Newcapec Electronics Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 4,260 7,202 4,192 4,568 4,616 5,911
Change - 69.06% -41.8% 8.98% 1.04% 28.07%
Enterprise Value (EV) 1 3,692 6,529 3,838 4,277 4,254 5,386
Change - 76.85% -41.22% 11.45% -0.54% 26.61%
P/E 23.2x 44.6x 37.3x 42.5x 41.9x 75.7x
PBR 2.39x 3.72x 2.08x 2.17x 2.13x 2.68x
PEG - -4x -1.2x -9.74x 16.59x -2.6x
Capitalization / Revenue 4.54x 7.08x 3.92x 4.3x 4.69x 6.04x
EV / Revenue 3.93x 6.42x 3.59x 4.03x 4.32x 5.5x
EV / EBITDA 18.7x 32.5x 27.3x 28.2x 30.8x 71.1x
EV / EBIT 20.4x 35.7x 31.2x 31.4x 34.2x 90.4x
EV / FCF 233x 1,182x -37.2x -83.7x 66.2x 177x
FCF Yield 0.43% 0.08% -2.69% -1.19% 1.51% 0.56%
Dividend per Share 2 0.06 0.065 0.065 0.08 0.08 0.08
Rate of return 0.68% 0.43% 0.74% 0.83% 0.83% 0.64%
EPS 2 0.382 0.339 0.236 0.2257 0.2314 0.164
Distribution rate 15.7% 19.2% 27.5% 35.4% 34.6% 48.8%
Net sales 1 939.3 1,017 1,070 1,061 984.2 978.5
EBITDA 1 197.9 200.7 140.5 151.5 138.1 75.77
EBIT 1 180.8 182.7 122.9 136.2 124.3 59.6
Net income 1 181.9 161 112.4 107.5 110.2 78.13
Net Debt 1 -568.4 -673.2 -354 -291 -361.8 -525.4
Reference price 2 8.870 15.120 8.800 9.590 9.690 12.410
Nbr of stocks (in thousands) 480,298 476,348 476,348 476,348 476,348 476,348
Announcement Date 4/25/21 A 4/24/22 A 4/26/23 A 4/25/24 A 4/23/25 A 4/23/26 A
1CNY in Million2CNY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 575M
24.39x3.94x13.76x2.72% 234B
14.33x1.58x8.32x3.34% 118B
-126.64x17.65x97.86x-.--% 114B
14.57x2.66x10.03x5.64% 84.9B
19.8x5.24x12.86x2.87% 59.74B
14.12x2.05x8.68x5.52% 45.47B
22.17x1.82x11.31x1.32% 44.12B
20.98x1.59x10.13x0.9% 41B
17.28x2.18x10.43x5.06% 35.36B
Average 2.33x 4.30x 20.38x 3.04% 77.73B
Weighted average by Cap. -1.93x 5.11x 24.00x 2.84%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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