Company Valuation: XD Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 15,189 9,018 4,370 11,406 28,218 17,344 - -
Change - -40.63% -51.54% 160.99% 147.4% -38.53% - -
Enterprise Value (EV) 1 13,054 6,195 1,367 8,784 24,651 12,086 10,320 8,276
Change - -52.54% -77.94% 542.71% 180.64% -50.97% -14.62% -19.8%
P/E -17.3x -16.3x -51.4x 14x 19x 11.8x 9.58x 8.49x
PBR 6.49x 4.78x 2.56x 4.46x 7.64x 3.7x 2.74x 2.23x
PEG - 0.4x 0.6x -0x 0.2x 7.33x 0.4x 0.7x
Capitalization / Revenue 5.62x 2.63x 1.29x 2.28x 4.9x 2.64x 2.38x 2.17x
EV / Revenue 4.83x 1.81x 0.4x 1.75x 4.28x 1.84x 1.42x 1.03x
EV / EBITDA -17x -17.5x 8.63x 8.31x 13.8x 6.23x 4.45x 3.14x
EV / EBIT -13.7x -10.9x -262x 9.6x 14.7x 7.01x 4.89x 3.39x
EV / FCF -23x -17x 5.88x 6.99x 17.7x 7.37x 5.55x 3.68x
FCF Yield -4.34% -5.89% 17% 14.3% 5.65% 13.6% 18% 27.2%
Dividend per Share 2 - - - 0.3735 - 0.3892 0.4135 -
Rate of return - - - 1.58% - 1.06% 1.12% -
EPS 2 -1.86 -1.17 -0.18 1.69 3.07 3.119 3.837 4.333
Distribution rate - - - 22.1% - 12.5% 10.8% -
Net sales 1 2,703 3,431 3,389 5,012 5,764 6,562 7,274 8,005
EBITDA 1 -768.2 -353 158.4 1,056 1,788 1,940 2,319 2,639
EBIT 1 -955.5 -567.9 -5.222 914.8 1,680 1,725 2,110 2,443
Net income 1 -863.8 -553.5 -83.04 811.5 1,535 1,641 1,888 2,171
Net Debt 1 -2,135 -2,823 -3,004 -2,622 -3,567 -5,258 -7,024 -9,068
Reference price 2 32.18 19.11 9.26 23.63 58.28 36.76 36.76 36.76
Nbr of stocks (in thousands) 471,993 471,993 472,016 482,612 484,209 471,770 - -
Announcement Date 3/30/22 A 3/30/23 A 3/28/24 A 3/28/25 A 3/27/26 A - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.79x1.84x6.23x1.06% 2.58B
13.82x2.93x7.26x2.47% 78.57B
21.23x3.82x13.52x14.72% 15.56B
11.12x1.45x4.25x0.99% 7.2B
26.21x2.5x11.78x1.71% 6.67B
13.62x2.48x10.81x4.28% 6.04B
14.07x3.41x8.91x5.31% 4.09B
15.6x5.33x12.63x3.22% 3.57B
15.73x2.23x11.61x4.84% 3.25B
10.12x1.04x4.67x1.31% 3.18B
Average 15.33x 2.70x 9.17x 3.99% 13.07B
Weighted average by Cap. 15.15x 2.91x 8.46x 4.01%

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