Toly Bread Co Ltd
SSE:603866

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Toly Bread Co Ltd
SSE:603866
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Price: 4.98 CNY -1.39% Market Closed
Market Cap: ¥8B

EV/IC

1.3
Current
16%
Cheaper
vs 3-y average of 1.6

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.3
=
Enterprise Value
¥8.5B
/
Invested Capital
¥6.4B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.3
=
Enterprise Value
¥8.5B
/
Invested Capital
¥6.4B

Valuation Scenarios

Toly Bread Co Ltd is trading below its 3-year average

If EV/IC returns to its 3-Year Average (1.6), the stock would be worth ¥5.9 (18% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+84%
Average Upside
44%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 1.3 ¥4.98
0%
3-Year Average 1.6 ¥5.9
+18%
5-Year Average 2.5 ¥9.16
+84%
Industry Average 1.7 ¥6.43
+29%
Country Average 1.9 ¥7.17
+44%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
CN
Toly Bread Co Ltd
SSE:603866
8B CNY 1.3 20.7
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 27 042.7 540 752.8
CH
Nestle SA
SIX:NESN
203.3B CHF 2.4 22.5
US
Mondelez International Inc
NASDAQ:MDLZ
78.7B USD 1.6 32.1
FR
Danone SA
PAR:BN
42.7B EUR 1.5 23.5
ZA
Tiger Brands Ltd
JSE:TBS
47.6B ZAR 2.7 12.5
US
Hershey Co
NYSE:HSY
37B USD 3.5 41.9
CN
Muyuan Foods Co Ltd
SZSE:002714
244.2B CNY 2 25
ZA
Avi Ltd
JSE:AVI
33.1B ZAR 3.9 12.8
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
225.7B CNY 13 32.1
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
23.2B CHF 3 31.9

Market Distribution

In line with most companies in China
Percentile
37th
Based on 7 566 companies
37th percentile
1.3
Low
0 — 1.1
Typical Range
1.1 — 3.4
High
3.4 —
Distribution Statistics
China
Min 0
30th Percentile 1.1
Median 1.9
70th Percentile 3.4
Max 1 129 391.6

Toly Bread Co Ltd
Glance View

Market Cap
8B CNY
Industry
Food Products

Toly Bread Co Ltd emerged from humble beginnings to become a significant player in the artisanal bread industry. Established in the late 1990s, this family-owned business began as a small bakery in a quaint town, driven by the founder's passion for crafting high-quality, hand-made bread. Over the years, the company honed its craft, focusing on using natural, locally-sourced ingredients and traditional baking methods to differentiate themselves in a market dominated by mass-produced bread. The founders' commitment to quality paid off, as word-of-mouth and the rising consumer preference for organic and sustainable products fueled their growth. Toly Bread Co navigated challenges like supply chain complexities and competition from other local bakeries by investing in consistent product innovation and community-driven marketing efforts. Toly Bread's primary revenue stream comes from the direct sale of its bread products to a loyal customer base through its retail bakery stores. Additionally, the company has cleverly tapped into the wholesale market, supplying high-end restaurants and grocery stores with their premium breads. Leveraging their strong brand reputation, Toly Bread diversified its product lines by introducing a range of complementary goods, such as pastries, spreads, and baking kits, enhancing its market presence and consumer reach. By consistently focusing on product quality, customer experience, and brand authenticity, Toly Bread Co Ltd successfully built a profitable and resilient business model that sustains its ongoing expansion and maintains its relevance in the competitive bakery industry.

Intrinsic Value
6.1 CNY
Undervaluation 18%
Intrinsic Value
Price ¥4.98
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