Company Valuation: Shenzhen Riland Industry Group Co., Ltd

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 2,597 3,028 2,509 3,334 4,927 4,428
Change - 16.61% -17.16% 32.89% 47.79% -10.13%
Enterprise Value (EV) 1 1,258 1,787 1,471 2,428 3,963 3,498
Change - 42.05% -17.65% 65% 63.23% -11.73%
P/E Ratio 38x 26x 29.5x 33.6x 33.2x 42.8x
PBR 1.61x 1.8x 1.37x 1.95x 2.79x 2.48x
PEG - 0.4x -1.1x 2.1x 0.7x -1.4x
Capitalization / Revenue 4.67x 2.8x 2.34x 2.9x 4.86x 4.95x
EV / Revenue 2.26x 1.65x 1.37x 2.11x 3.91x 3.91x
EV / EBITDA 14.3x 15.7x 19.2x 23.5x 74.6x 46.2x
EV / EBIT 15.9x 18.1x 24.7x 28.5x 122x 65.2x
EV / FCF 30.7x -154x -10.7x -23x 167x 78.6x
FCF Yield 3.26% -0.65% -9.32% -4.34% 0.6% 1.27%
Dividend per Share 2 0.15 0.2 0.15 0.2 0.2 0.2
Rate of return 2.63% 2.96% 2.68% 2.7% 1.82% 2.03%
EPS 2 0.15 0.26 0.19 0.22 0.33 0.23
Distribution rate 100% 76.9% 78.9% 90.9% 60.6% 87%
Net sales 1 555.6 1,083 1,073 1,150 1,015 894.2
EBITDA 1 87.82 113.8 76.64 103.2 53.15 75.68
EBIT 1 79.05 98.82 59.51 85.14 32.38 53.69
Net income 1 66.88 116.9 83.56 100.6 150.3 104.4
Net Debt 1 -1,339 -1,242 -1,037 -906 -964.1 -929.8
Reference price 2 5.700 6.760 5.600 7.400 10.960 9.850
Nbr of stocks (in thousands) 455,608 447,982 447,982 450,521 449,555 449,555
Announcement Date 5/4/21 28/3/22 17/4/23 8/4/24 21/4/25 13/4/26
1CNY in Million2CNY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 581M
49.42x4.72x36.12x0.38% 18.12B
23.85x3.27x16.18x1.23% 14.15B
20.67x - - 0.45% 5.57B
112.09x6.73x66.64x0.08% 3.98B
75.23x15.21x64.24x0.49% 2.58B
23.63x2.53x15.41x1.71% 2.5B
22.72x - - 1.23% 1.28B
Average 46.80x 6.49x 39.72x 0.8% 6.1B
Weighted average by Cap. 43.10x 4.94x 32.74x 0.71%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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