Company Valuation: Tibet Duo Rui Pharmaceutical Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025
Market Cap 1 3,113 2,587 2,134 1,419 4,711
Change - -16.89% -17.53% -33.5% 232.05%
Enterprise Value (EV) 1 2,522 2,183 1,831 1,554 4,876
Change - -13.47% -16.12% -15.15% 213.89%
P/E 37.1x 124x 111x -22.7x -46.3x
PBR 3.93x 3.44x 2.76x 2.1x 8.22x
PEG -1.2x -1.6x -14.43x 0x -0.7x
Capitalization / Revenue 5.88x 6.45x 6.38x 5.9x 30.6x
EV / Revenue 4.76x 5.44x 5.48x 6.46x 31.6x
EV / EBITDA 33.2x 133x 105x -25.4x -108x
EV / EBIT 40.4x 1,204x -2,455x -17.7x -51.6x
EV / FCF 214x -58.7x -228x -18.6x 112x
FCF Yield 0.47% -1.7% -0.44% -5.39% 0.89%
Dividend per Share 2 0.625 - 0.125 - -
Rate of return 1.61% - 0.47% - -
EPS 2 1.05 0.26 0.24 -0.79 -1.29
Distribution rate 59.5% - 52.1% - -
Net sales 1 529.6 401 334.3 240.6 154.2
EBITDA 1 76.06 16.37 17.37 -61.1 -45.36
EBIT 1 62.38 1.812 -0.7458 -87.81 -94.52
Net income 1 68.51 20.5 18.85 -62.67 -102.2
Net Debt 1 -590.5 -404.5 -302.7 134.7 165
Reference price 2 38.91 32.34 26.67 17.97 59.67
Nbr of stocks (in thousands) 80,000 80,000 80,000 78,956 78,956
Announcement Date 24/3/22 24/4/23 17/4/24 17/4/25 23/4/26
1CNY in Million2CNY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 783M
32.01x11.69x23.99x0.62% 980B
24.41x5.63x15.32x2.34% 550B
26.86x6.49x13.28x3.17% 382B
17.04x4.24x10.43x3.13% 316B
21.94x4.59x13.02x1.91% 272B
20.28x5.27x12.78x3.05% 268B
13x4.83x9.94x3.87% 199B
21.95x5.91x10.33x2.99% 182B
-44.34x5.36x29.54x2.62% 154B
Average 14.79x 6.00x 15.40x 2.63% 330.31B
Weighted average by Cap. 21.68x 7.24x 16.85x 2.17%

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 Tibet Duo Rui Pharmaceutical Co., Ltd.
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