Company Valuation: Netjoy Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 4,985 1,685 879.8 414.9 416.8 324.5
Change - -66.19% -47.8% -52.84% 0.46% -22.14%
Enterprise Value (EV) 1 4,166 1,913 1,156 403.6 530.4 382.2
Change - -54.08% -39.58% -65.08% 31.43% -27.94%
P/E 36.5x 14.4x -4.83x 48.7x -0.91x -6.73x
PBR 3.31x 1.06x 0.64x 0.3x 0.44x 0.36x
PEG - -1x 0x -0x 0x 0.1x
Capitalization / Revenue 1.93x 0.54x 0.27x 0.14x 0.13x 0.11x
EV / Revenue 1.62x 0.61x 0.35x 0.13x 0.17x 0.13x
EV / EBITDA 37.3x 17.7x -5.6x 85.6x -2.68x -14x
EV / EBIT 38x 18.2x -5.5x 309x -2.65x -12.6x
EV / FCF -14.7x -1.83x 12.5x 1.16x 3.89x 5.13x
FCF Yield -6.78% -54.8% 8% 86.5% 25.7% 19.5%
Dividend per Share 2 - 0.0407 - - - -
Rate of return - 1.92% - - - -
EPS 2 0.1705 0.1471 -0.2288 0.011 -0.602 -0.0631
Distribution rate - 27.7% - - - -
Net sales 1 2,577 3,122 3,310 3,010 3,150 2,938
EBITDA 1 111.7 108.2 -206.5 4.712 -198 -27.36
EBIT 1 109.6 105 -210.1 1.304 -200.4 -30.27
Net income 1 103.6 117.4 -178.1 8.796 -459.7 -48.03
Net Debt 1 -818.7 227.7 276 -11.3 113.6 57.65
Reference price 2 6.2311 2.1181 1.1057 0.5355 0.5450 0.4244
Nbr of stocks (in thousands) 800,000 795,658 795,658 774,637 764,709 764,709
Announcement Date 28/4/21 28/4/22 27/4/23 25/4/24 10/7/26 14/8/26
1CNY in Million2CNY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 44.16M
14.18x1.56x7.07x3.95% 28.78B
9.98x1.11x6.19x3.99% 23.62B
12.25x5.37x9.38x6.87% 10.66B
16.15x1.32x4.14x2.87% 5.95B
-58.2x1.87x7.86x0% 5.52B
41.92x0.7x4.2x4.06% 5.4B
15.68x0.53x5.38x1.53% 4.21B
33.74x4.4x11.97x-.--% 3.28B
19.84x0.45x5.44x2.32% 3.09B
Average 11.73x 1.92x 6.85x 2.84% 9.06B
Weighted average by Cap. 11.20x 1.86x 6.84x 3.69%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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  4. Valuation Netjoy Holdings Limited