Company Valuation: Tongfu Microelectronics Co.,Ltd

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 25,708 21,805 34,928 44,845 57,213 92,422 - -
Change - -15.18% 60.18% 28.39% 27.58% 61.54% - -
Enterprise Value (EV) 1 30,824 29,785 44,468 55,243 70,571 104,588 101,286 97,755
Change - -3.37% 49.3% 24.23% 27.75% 48.2% -3.16% -3.49%
P/E 27x 44.5x 210x 65.7x 47.1x 58.1x 48.9x 40.8x
PBR 2.48x 1.8x 2.52x 3.05x 3.69x 5.2x 4.87x 4.37x
PEG - -0.9x -3x 0x 0.6x 1.9x 2.6x 2x
Capitalization / Revenue 1.63x 1.02x 1.57x 1.88x 2.05x 2.81x 2.45x 2.17x
EV / Revenue 1.95x 1.39x 2x 2.31x 2.53x 3.18x 2.69x 2.29x
EV / EBITDA 10.4x 8.67x 11.8x 12.1x 13.5x 15.5x 13.7x 12x
EV / EBIT 32.6x 63.2x 183x 52.6x 40.4x 49.8x 39.8x 32.7x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - 0.097 0.012 0.045 0.081 0.0807 0.1332 0.1281
Rate of return - 0.59% 0.05% 0.15% 0.21% 0.13% 0.22% 0.21%
EPS 2 0.72 0.37 0.11 0.45 0.8 1.048 1.244 1.492
Distribution rate - 26.2% 10.9% 10% 10.1% 7.7% 10.7% 8.58%
Net sales 1 15,812 21,429 22,269 23,882 27,921 32,881 37,667 42,614
EBITDA 1 2,969 3,437 3,783 4,549 5,242 6,755 7,393 8,151
EBIT 1 945.6 471.3 243 1,049 1,748 2,099 2,545 2,985
Net income 1 953.6 502 169.4 677.6 1,219 1,570 1,916 2,244
Net Debt 1 5,116 7,980 9,540 10,398 13,357 12,167 8,864 5,333
Reference price 2 19.43 16.48 23.12 29.55 37.70 60.90 60.90 60.90
Nbr of stocks (in thousands) 1,323,117 1,323,117 1,510,714 1,517,597 1,517,597 1,517,597 - -
Announcement Date 3/10/22 A 3/29/23 A 4/12/24 A 4/11/25 A 4/16/26 A - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
58.43x3.2x15.56x0.13% 13.82B
33.69x13.25x27.48x0.52% 237B
37.64x13.9x27.33x0.26% 157B
41.16x10.93x30.8x0.14% 57.05B
48.21x19.37x38.33x1.04% 35.34B
86.04x24.12x73.99x0.14% 25.52B
92.02x39.89x92.46x0.27% 12.12B
26.57x7.39x14.86x2.06% 9.63B
63.46x3.23x17.4x0.28% 8.35B
62.15x14.23x50.97x1.01% 7.03B
Average 54.94x 14.95x 38.92x 0.59% 56.31B
Weighted average by Cap. 41.37x 14.16x 31.60x 0.44%

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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