X

XiAn NovaStar Tech Co Ltd
SZSE:301589

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XiAn NovaStar Tech Co Ltd
SZSE:301589
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Price: 169.5 CNY -3.23% Market Closed
Market Cap: ¥15.7B

EV/EBITDA

23.3
Current
4%
Cheaper
vs 3-y average of 24.2

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
23.3
=
Enterprise Value
¥16B
/
EBITDA
¥641.6m

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
23.3
=
Enterprise Value
¥16B
/
EBITDA
¥641.6m

Valuation Scenarios

XiAn NovaStar Tech Co Ltd is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (24.2), the stock would be worth ¥176.44 (4% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+24%
Average Upside
9%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 23.3 ¥169.5
0%
3-Year Average 24.2 ¥176.44
+4%
5-Year Average 24.2 ¥176.44
+4%
Industry Average 24 ¥175.15
+3%
Country Average 28.8 ¥209.99
+24%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
¥16B
/
Oct 2025
¥641.6m
=
23.3
Current
¥16B
/
Dec 2025
¥1.5B
=
10.4
Forward
¥16B
/
Dec 2026
¥2.1B
=
7.6
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
XiAn NovaStar Tech Co Ltd
SZSE:301589
15.4B CNY 23.3 26.6
US
GE Vernova LLC
NYSE:GEV
308.8B USD 0 0
UK
Eight Capital Partners PLC
F:ECS
158.4B EUR 0 0
US
China Industrial Group Inc
OTC:CIND
121B USD 3 417.4 4 020.7
NL
Nepi Rockcastle NV
JSE:NRP
102.4B ZAR 14.3 10.6
US
Fintech Ecosystem Development Corp
NASDAQ:FEXD
68.5B USD -18 116.9 38 690
US
CoreWeave Inc
NASDAQ:CRWV
55.3B USD 0 0
CH
Galderma Group AG
SIX:GALD
37.6B CHF 0 0
US
Symbotic Inc
NASDAQ:SYM
35.8B USD -4 348.4 -3 284.6
US
Coupang Inc
F:788
31.5B EUR 31.9 174.3
ZA
Vukile Property Fund Ltd
JSE:VKE
30.1B ZAR 17.6 6.9
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CN
X
XiAn NovaStar Tech Co Ltd
SZSE:301589
Average EV/EBITDA: 700.9
23.3
N/A N/A
US
G
GE Vernova LLC
NYSE:GEV
Not Available
65%
N/A
UK
E
Eight Capital Partners PLC
F:ECS
Not Available N/A N/A
US
C
China Industrial Group Inc
OTC:CIND
3 417.4
N/A N/A
NL
N
Nepi Rockcastle NV
JSE:NRP
14.3
7%
2
US
F
Fintech Ecosystem Development Corp
NASDAQ:FEXD
Negative Multiple: -18 116.9 N/A N/A
US
C
CoreWeave Inc
NASDAQ:CRWV
Not Available
111%
N/A
CH
G
Galderma Group AG
SIX:GALD
Not Available
29%
N/A
US
Symbotic Inc
NASDAQ:SYM
Negative Multiple: -4 348.4 N/A N/A
US
Coupang Inc
F:788
31.9
49%
0.7
ZA
V
Vukile Property Fund Ltd
JSE:VKE
17.6
12%
1.5
P/E Multiple
Earnings Growth PEG
CN
X
XiAn NovaStar Tech Co Ltd
SZSE:301589
Average P/E: 7 154.9
26.6
N/A N/A
US
G
GE Vernova LLC
NYSE:GEV
Not Available
19%
N/A
UK
E
Eight Capital Partners PLC
F:ECS
Not Available N/A N/A
US
C
China Industrial Group Inc
OTC:CIND
4 020.7
N/A N/A
NL
N
Nepi Rockcastle NV
JSE:NRP
10.6
1%
10.6
US
F
Fintech Ecosystem Development Corp
NASDAQ:FEXD
38 690
N/A N/A
US
C
CoreWeave Inc
NASDAQ:CRWV
Not Available N/A N/A
CH
G
Galderma Group AG
SIX:GALD
Not Available
47%
N/A
US
Symbotic Inc
NASDAQ:SYM
Negative Multiple: -3 284.6 N/A N/A
US
Coupang Inc
F:788
174.3
96%
1.8
ZA
V
Vukile Property Fund Ltd
JSE:VKE
6.9
-5%
N/A

Market Distribution

In line with most companies in China
Percentile
43nd
Based on 5 409 companies
43nd percentile
23.3
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

XiAn NovaStar Tech Co Ltd
Glance View

Market Cap
15.7B CNY
Industry
N/A

XiAn NovaStar Tech Co Ltd., nestled in the historic city of Xi’an, has quietly emerged as a global leader in designing and developing LED display control systems. Established in a bustling hub of technological innovation, the company thrives at the confluence of ancient culture and cutting-edge technology. This strategic positioning informs its unique corporate ethos: merging timeless principles with contemporary advancements. NovaStar’s core expertise is in crafting sophisticated, high-performance control systems that serve as the backbone for vibrant LED displays worldwide. By developing products that ensure dazzling clarity and seamless control, they cater to a diverse clientele ranging from top-tier entertainment venues and commercial advertising spaces to mission-critical transportation and command centers. The company’s business model revolves around the production and distribution of intelligent LED control solutions. It leverages a robust R&D department that drives continuous innovation, allowing it to maintain a competitive edge in the fast-evolving display technology landscape. Revenue streams flow from both hardware sales and accompanying software solutions, with NovaStar positioning its products as indispensable tools for creating immersive visual experiences. By partnering with manufacturers and audiovisual experts, the company has woven itself into the fabric of large-scale display installations. As global demand for dynamic visual content surges, NovaStar capitalizes on this trend by ensuring that it remains a linchpin provider of technology that transforms spaces into engaging, interactive environments.

Intrinsic Value
110.43 CNY
Overvaluation 35%
Intrinsic Value
Price ¥169.5
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