Company Valuation: Sun Create Electronics Co., Ltd

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 7,399 8,941 6,301 5,512 5,816 8,580
Change - 20.85% -29.53% -12.52% 5.51% 47.53%
Enterprise Value (EV) 1 8,454 10,267 7,740 6,972 7,161 9,871
Change - 21.45% -24.61% -9.92% 2.71% 37.84%
P/E 43.4x 48.4x 96.1x -9.7x -17.9x -22.7x
PBR 2.88x 3.31x 2.69x 2.55x 3.07x 5.35x
PEG - 5.75x -1.5x 0x 0.4x -1.3x
Capitalization / Revenue 1.88x 2.84x 2.32x 2.86x 3.63x 4.92x
EV / Revenue 2.14x 3.27x 2.84x 3.62x 4.47x 5.66x
EV / EBITDA 27x 30.3x 37.2x -18.1x -58.3x -79.6x
EV / EBIT 46.9x 49.7x 106x -13.4x -28.2x -36.3x
EV / FCF -14.2x -24.2x -49.1x 107x 316x 270x
FCF Yield -7.03% -4.13% -2.04% 0.93% 0.32% 0.37%
Dividend per Share 2 0.1953 0.2053 0.0723 - - -
Rate of return 0.71% 0.62% 0.32% - - -
EPS 2 0.6331 0.6864 0.2385 -2.058 -1.188 -1.392
Distribution rate 30.8% 29.9% 30.3% - - -
Net sales 1 3,942 3,143 2,721 1,927 1,603 1,745
EBITDA 1 312.7 339.1 208.3 -384.9 -122.9 -124
EBIT 1 180.3 206.7 73.11 -521.7 -254.2 -272.2
Net income 1 170.3 183.9 66.04 -553.2 -245.9 -288.1
Net Debt 1 1,055 1,326 1,439 1,460 1,346 1,291
Reference price 2 27.50 33.24 22.92 19.97 21.28 31.65
Nbr of stocks (in thousands) 269,013 269,013 274,858 276,009 273,290 271,075
Announcement Date 4/23/21 A 4/22/22 A 4/21/23 A 4/19/24 A 4/29/25 A 4/22/26 A
1CNY in Million2CNY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 721M
32.19x6.33x24.78x0.21% 34.67B
28.94x0.87x10.54x-.--% 4.6B
8.89x - - - 2.96B
70.86x21.21x53.56x0.2% 2.58B
82.63x4.68x20.33x-.--% 2.41B
85.69x5.56x24.07x - 1.2B
33.84x3.89x20.01x0.54% 1.18B
91.1x - - - 1.11B
Average 54.27x 7.09x 25.55x 0.19% 5.71B
Weighted average by Cap. 37.50x 6.45x 24.60x 0.18%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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