Solbar Ningbo Protein Technology Co Ltd
SSE:603231

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Solbar Ningbo Protein Technology Co Ltd
SSE:603231
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Price: 17.76 CNY -1.06% Market Closed
Market Cap: ¥3.4B

EV/EBITDA

17.2
Current
8%
Cheaper
vs 3-y average of 18.8

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
17.2
=
Enterprise Value
¥3.7B
/
EBITDA
¥198.1m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
17.2
=
Enterprise Value
¥3.7B
/
EBITDA
¥198.1m

Valuation Scenarios

Solbar Ningbo Protein Technology Co Ltd is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (18.8), the stock would be worth ¥19.38 (9% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+67%
Average Upside
28%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 17.2 ¥17.76
0%
3-Year Average 18.8 ¥19.38
+9%
5-Year Average 18.8 ¥19.38
+9%
Industry Average 22 ¥22.7
+28%
Country Average 28.8 ¥29.69
+67%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
¥3.7B
/
Oct 2025
¥198.1m
=
17.2
Current
¥3.7B
/
Dec 2025
¥277.8m
=
13.2
Forward
¥3.7B
/
Dec 2026
¥298m
=
12.3
Forward
¥3.7B
/
Dec 2027
¥394.9m
=
9.3
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
CN
Solbar Ningbo Protein Technology Co Ltd
SSE:603231
3.4B CNY 17.2 19.3
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 186 542.5 540 752.8
CH
Nestle SA
SIX:NESN
205.8B CHF 14.1 23.2
US
Mondelez International Inc
NASDAQ:MDLZ
73.8B USD 18.3 30.1
FR
Danone SA
PAR:BN
43.3B EUR 9.8 23.8
ZA
Tiger Brands Ltd
JSE:TBS
48.7B ZAR 9.4 12.8
US
Hershey Co
NYSE:HSY
38.8B USD 21.3 44
CN
Muyuan Foods Co Ltd
SZSE:002714
237.6B CNY 22 24.3
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
231.2B CNY 24.7 32.8
ZA
Avi Ltd
JSE:AVI
32.7B ZAR 8.6 12.7
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
23.8B CHF 19.2 32.4

Market Distribution

In line with most companies in China
Percentile
32st
Based on 5 409 companies
32st percentile
17.2
Low
0 — 16.3
Typical Range
16.3 — 53.1
High
53.1 —
Distribution Statistics
China
Min 0
30th Percentile 16.3
Median 28.8
70th Percentile 53.1
Max 49 021

Solbar Ningbo Protein Technology Co Ltd
Glance View

Market Cap
3.4B CNY
Industry
Food Products

Solbar Ningbo Protein Technology Co.,Ltd. The company is headquartered in Ningbo, Zhejiang and currently employs 756 full-time employees. The company went IPO on 2023-12-15. The Company’s main products include soy protein isolate, soy protein concentrate, textured protein and non-genetically modified organisms (GMO) soybean oil. The Company’s products are mainly used in food and beverage, nutritional supplements, dietary supplement and other fields. The firm distributes its products under brands Solbar, Wonderful, Contex, Solcon, Soytex, Solpro and others. The firm conducts its business in the domestic and overseas markets.

Intrinsic Value
19.3 CNY
Undervaluation 8%
Intrinsic Value
Price ¥17.76
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