Company Valuation: Hangzhou Robam Appliances Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 34,006 26,208 20,562 20,233 18,285 15,100 - -
Change - -22.93% -21.54% -1.6% -9.63% -17.42% - -
Enterprise Value (EV) 1 30,234 20,973 18,677 18,696 17,148 13,324 12,886 12,824
Change - -30.63% -10.95% 0.1% -8.28% -22.3% -3.29% -0.49%
P/E 25.5x 16.6x 11.9x 12.8x 14.5x 10.8x 10.2x 10.1x
PBR 3.97x 2.71x 1.96x 1.81x 1.59x 1.25x 1.2x 1.16x
PEG - 0.9x 1.24x -1.46x -0.7x 0.9x 1.84x 9.84x
Capitalization / Revenue 3.35x 2.55x 1.84x 1.8x 1.81x 1.47x 1.39x 1.38x
EV / Revenue 2.98x 2.04x 1.67x 1.67x 1.7x 1.3x 1.18x 1.17x
EV / EBITDA 18.1x 10.8x 8.58x 9.45x 10.6x 8.21x 7.55x 7.26x
EV / EBIT 19.6x 11.8x 9.4x 10.4x 11.9x 9.24x 8.45x 8.14x
EV / FCF 32.4x 14.5x 9.04x 13.3x 12.7x 9.66x 8.89x 9.12x
FCF Yield 3.08% 6.88% 11.1% 7.5% 7.86% 10.4% 11.2% 11%
Dividend per Share 2 0.5 0.5 0.5 0.5 0.5 1.054 1.111 1.052
Rate of return 1.39% 1.8% 2.3% 2.33% 2.58% 6.59% 6.95% 6.59%
EPS 2 1.41 1.67 1.83 1.67 1.33 1.482 1.564 1.58
Distribution rate 35.5% 29.9% 27.3% 29.9% 37.6% 71.1% 71.1% 66.6%
Net sales 1 10,148 10,272 11,202 11,213 10,116 10,264 10,886 10,927
EBITDA 1 1,671 1,939 2,176 1,979 1,622 1,623 1,706 1,767
EBIT 1 1,544 1,775 1,988 1,790 1,437 1,443 1,525 1,575
Net income 1 1,334 1,572 1,733 1,577 1,256 1,400 1,478 1,493
Net Debt 1 -3,773 -5,235 -1,886 -1,536 -1,137 -1,776 -2,214 -2,277
Reference price 2 36.02 27.76 21.78 21.43 19.35 15.98 15.98 15.98
Nbr of stocks (in thousands) 944,095 944,095 944,095 944,130 944,939 944,939 - -
Announcement Date 24/2/22 25/4/23 24/4/24 28/4/25 29/4/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.22x1.22x7.72x6.96% 2.11B
7.4x1.02x5.04x7.47% 32.31B
10.55x0.26x4.73x4.91% 4.75B
9.61x1.57x6.14x3.38% 4.44B
14.1x1.03x8.4x2.08% 4.32B
12.9x0.86x9.27x0.79% 3.81B
27.09x0.51x8.31x2.34% 2.51B
14.79x - - 5.92% 2.15B
21.44x - - 1.99% 1.94B
27.55x1.69x16.25x1.45% 1.75B
Average 15.57x 1.02x 8.23x 3.73% 6.01B
Weighted average by Cap. 10.87x 1.00x 6.24x 5.52%

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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