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 15,034 - -
Change - -22.93% -21.54% -1.6% -9.63% -17.78% - -
Enterprise Value (EV) 1 30,234 20,973 18,677 18,696 17,148 13,264 12,834 12,774
Change - -30.63% -10.95% 0.1% -8.28% -22.65% -3.24% -0.46%
P/E 25.5x 16.6x 11.9x 12.8x 14.5x 10.9x 10.3x 10.1x
PBR 3.97x 2.71x 1.96x 1.81x 1.59x 1.25x 1.19x 1.16x
PEG - 0.9x 1.24x -1.46x -0.7x 1.12x 1.86x 3.72x
Capitalization / Revenue 3.35x 2.55x 1.84x 1.8x 1.81x 1.46x 1.39x 1.38x
EV / Revenue 2.98x 2.04x 1.67x 1.67x 1.7x 1.29x 1.18x 1.17x
EV / EBITDA 18.1x 10.8x 8.58x 9.45x 10.6x 8.38x 7.71x 7.32x
EV / EBIT 19.6x 11.8x 9.4x 10.4x 11.9x 9.44x 8.64x 8.25x
EV / FCF 32.4x 14.5x 9.04x 13.3x 12.7x 9.62x 8.86x 9.09x
FCF Yield 3.08% 6.88% 11.1% 7.5% 7.86% 10.4% 11.3% 11%
Dividend per Share 2 0.5 0.5 0.5 0.5 0.5 1.007 1.06 1.017
Rate of return 1.39% 1.8% 2.3% 2.33% 2.58% 6.33% 6.66% 6.39%
EPS 2 1.41 1.67 1.83 1.67 1.33 1.46 1.54 1.582
Distribution rate 35.5% 29.9% 27.3% 29.9% 37.6% 69% 68.8% 64.3%
Net sales 1 10,148 10,272 11,202 11,213 10,116 10,264 10,830 10,924
EBITDA 1 1,671 1,939 2,176 1,979 1,622 1,582 1,664 1,745
EBIT 1 1,544 1,775 1,988 1,790 1,437 1,405 1,486 1,548
Net income 1 1,334 1,572 1,733 1,577 1,256 1,379 1,456 1,496
Net Debt 1 -3,773 -5,235 -1,886 -1,536 -1,137 -1,770 -2,200 -2,260
Reference price 2 36.02 27.76 21.78 21.43 19.35 15.91 15.91 15.91
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.8x1.28x8.3x6.38% 2.23B
7.69x1.07x5.26x7.2% 33.56B
16.45x1.25x10.05x1.76% 5.09B
10.93x0.28x4.95x4.6% 5.11B
9.54x1.59x6.25x3.49% 4.85B
14.33x0.98x10.71x0.71% 4.28B
21.77x0.51x8.39x2.29% 2.84B
14.33x - - 5.35% 2.3B
22.19x - - 1.92% 1.99B
-6019.79x - - - 1.75B
Average -589.18x 0.99x 7.70x 3.75% 6.4B
Weighted average by Cap. -154.35x 1.03x 6.41x 5.32%

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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