Company Valuation: Piotech Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 27,414 43,297 42,575 92,366 202,848 - -
Change - 57.93% -1.67% 116.95% 119.61% - -
Enterprise Value (EV) 1 24,259 42,599 43,220 90,105 197,467 197,360 196,592
Change - 75.6% 1.46% 108.48% 119.15% -0.05% -0.39%
P/E 68.4x 65.2x 62.5x 100x 76.5x 60.6x 31.2x
PBR 7.39x 9.47x 8.14x 14.1x 22.5x 17.2x 12.6x
PEG - 1x 24.44x 3x 0x 2.3x 0.3x
Capitalization / Revenue 16.1x 16x 10.4x 14.2x 23.7x 14.5x 8.66x
EV / Revenue 14.2x 15.7x 10.5x 13.8x 23.1x 14.1x 8.39x
EV / EBITDA 63.1x 54.8x 52.3x 81.3x 87.8x 57x 37.9x
EV / EBIT 68x 58.3x 63.7x 103x 72.3x 50.8x 26.9x
EV / FCF 178x -19.9x -44.6x 29.5x 284x 277x 115x
FCF Yield 0.56% -5.02% -2.24% 3.39% 0.35% 0.36% 0.87%
Dividend per Share 2 0.1187 0.2365 0.27 - 0.923 1.198 1.848
Rate of return 0.12% 0.15% 0.18% - 0.13% 0.17% 0.26%
EPS 2 1.447 2.399 2.46 3.29 9.166 11.57 22.49
Distribution rate 8.2% 9.86% 11% - 10.1% 10.4% 8.22%
Net sales 1 1,706 2,705 4,103 6,519 8,548 13,973 23,430
EBITDA 1 384.5 777.5 827 1,109 2,249 3,462 5,182
EBIT 1 356.5 730.7 678.1 878.5 2,733 3,882 7,304
Net income 1 368.5 664.7 688.5 929.3 2,613 3,589 6,413
Net Debt 1 -3,155 -697.3 645 -2,261 -5,381 -5,488 -6,256
Reference price 2 98.95 156.28 153.67 330.00 700.90 700.90 700.90
Nbr of stocks (in thousands) 277,039 277,039 277,053 279,896 289,411 - -
Announcement Date 2/26/23 A 2/26/24 A 2/27/25 A 2/27/26 A - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
76.47x23.1x87.8x0.13% 30.22B
36.79x11.12x32.26x0.41% 385B
63.39x9.34x50.02x0.14% 70.6B
65.04x18.56x81.31x0.13% 48.15B
36.52x9.59x24.9x0.48% 47.15B
30.96x9.81x20.48x1.28% 37.37B
37.45x3.52x10.74x0.41% 26.89B
83.99x16.42x79.49x0.3% 21.84B
73.57x19.54x69.37x0.19% 18.24B
43.42x14.9x32.36x1.9% 17.28B
Average 54.76x 13.59x 48.87x 0.54% 70.26B
Weighted average by Cap. 45.39x 11.98x 40.28x 0.43%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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