Company Valuation: China Resources Pharmaceutical Group Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 22,303 39,705 32,229 35,810 27,957 28,962 - -
Change - 78.03% -18.83% 11.11% -21.93% 3.6% - -
Enterprise Value (EV) 1 61,337 73,426 71,468 90,725 90,801 78,197 71,491 59,183
Change - 19.71% -2.67% 26.95% 0.08% -13.88% -8.58% -17.22%
P/E 5.92x 9.58x 7.76x 10x 6.12x 5.92x 5.55x 5.28x
PBR 0.44x 0.8x 0.32x 0.34x 0.48x 0.45x 0.41x 0.37x
PEG - 1x 44.15x -0.7x 0.2x 0.82x 0.83x 1.06x
Capitalization / Revenue 0.09x 0.16x 0.12x 0.13x 0.09x 0.09x 0.08x 0.08x
EV / Revenue 0.26x 0.29x 0.27x 0.33x 0.3x 0.24x 0.21x 0.17x
EV / EBITDA 4.83x 4.38x 4.65x 5.47x 4.73x 3.93x 3.33x 2.85x
EV / EBIT 6.22x 5.39x 5.98x 6.98x 6.23x 4.85x 4.11x 3.37x
EV / FCF 5.88x 7.47x 5.49x 5.73x 4.37x -28.8x 9.74x 6.56x
FCF Yield 17% 13.4% 18.2% 17.5% 22.9% -3.48% 10.3% 15.2%
Dividend per Share 2 0.15 0.16 0.1669 0.1445 0.2203 0.2035 0.2202 0.218
Rate of return 4.23% 2.53% 3.25% 2.54% 4.95% 4.41% 4.78% 4.73%
EPS 2 0.6 0.66 0.6612 0.5677 0.7268 0.7794 0.8312 0.8725
Distribution rate 25% 24.2% 25.2% 25.5% 30.3% 26.1% 26.5% 25%
Net sales 1 236,806 254,106 265,229 275,999 306,131 327,819 340,757 352,428
EBITDA 1 12,690 16,775 15,382 16,601 19,202 19,905 21,499 20,777
EBIT 1 9,868 13,623 11,952 13,005 14,567 16,129 17,398 17,536
Net income 1 3,769 4,147 4,178 3,589 4,594 4,824 5,178 5,377
Net Debt 1 39,035 33,720 39,238 54,915 62,844 49,235 42,528 30,221
Reference price 2 3.550 6.320 5.130 5.700 4.450 4.610 4.610 4.610
Nbr of stocks (in thousands) 6,282,510 6,282,510 6,282,510 6,282,510 6,282,510 6,282,510 - -
Announcement Date 29/3/22 30/3/23 26/3/24 26/3/25 24/3/26 - - -
1HKD in Million2HKD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
5.92x0.24x3.93x4.42% 3.69B
37.66x13.18x27.98x0.53% 1,143B
39.33x6.61x18.6x1.99% 647B
37.45x8.4x17.37x2.4% 506B
21.46x5.22x12.98x2.51% 384B
103.38x5.8x24.86x2.4% 350B
21.99x5.69x13.69x2.94% 293B
22.31x4.51x12.87x1.96% 265B
28.42x7.28x13.03x2.25% 242B
-45.78x7.1x27.53x2.07% 197B
Average 27.21x 6.40x 17.28x 2.35% 403.12B
Weighted average by Cap. 35.24x 8.35x 20.47x 1.8%

Y-o-Y evolution of P/E

Valuation ratios - P/E - China Resources Pharmaceutical Group Limited

Historical PBR trend

Valuation ratios - PBR - China Resources Pharmaceutical Group Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - China Resources Pharmaceutical Group Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - China Resources Pharmaceutical Group Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - China Resources Pharmaceutical Group Limited
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