Company Valuation: Aerosun Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 4,364 5,915 4,743 5,905 7,824 12,890
Change - 35.52% -19.82% 24.5% 32.51% 64.75%
Enterprise Value (EV) 1 3,754 5,291 4,112 5,075 8,097 12,891
Change - 40.93% -22.28% 23.41% 59.57% 59.19%
P/E 94.2x 87.8x 61x 80.5x -20.6x -60.3x
PBR 2.05x 2.71x 2.11x 2.61x 4.27x 8.48x
PEG - 1.9x 4.9x -14.49x 0x 1.4x
Capitalization / Revenue 1.18x 1.45x 1.14x 1.55x 3.23x 5.99x
EV / Revenue 1.01x 1.3x 0.99x 1.33x 3.35x 5.99x
EV / EBITDA 22.1x 34.9x 20.6x 27.5x -25.6x -127x
EV / EBIT 35.7x 71.5x 39.1x 54.6x -19.8x -63x
EV / FCF 16.1x -83.2x -63.9x 24.7x -8.52x 41.2x
FCF Yield 6.19% -1.2% -1.56% 4.04% -11.7% 2.43%
Dividend per Share 2 - - 0.03 0.06 - -
Rate of return - - 0.27% 0.44% - -
EPS 2 0.11 0.16 0.18 0.17 -0.88 -0.5
Distribution rate - - 16.7% 35.3% - -
Net sales 1 3,700 4,079 4,145 3,818 2,420 2,151
EBITDA 1 169.9 151.5 199.5 184.2 -316 -101.5
EBIT 1 105.1 73.99 105.1 92.96 -408.2 -204.7
Net income 1 44.45 66.45 75.71 71.94 -379 -215.7
Net Debt 1 -610.3 -623.9 -630.6 -830 273.2 0.2548
Reference price 2 10.36 14.04 10.98 13.68 18.14 30.13
Nbr of stocks (in thousands) 421,284 421,284 431,929 431,619 431,329 427,824
Announcement Date 28/4/21 29/4/22 28/4/23 29/4/24 25/4/25 24/4/26
1CNY in Million2CNY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 924M
31.02x5.4x19.55x0.83% 122B
26.77x4.92x17.21x2.25% 34.98B
30.18x4.03x15.22x0.11% 29.67B
20.22x3.48x11.13x1.51% 28.14B
20.91x3.04x13.1x1.12% 25.55B
22.03x2.7x11.63x1.71% 23.57B
26.45x3.31x16.17x1.72% 23.27B
89.57x31.61x69.26x0.47% 21.82B
Average 33.39x 7.31x 21.66x 1.22% 34.48B
Weighted average by Cap. 31.74x 6.33x 20.22x 1.12%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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