Panda Dairy Ratios and Metrics

Market cap in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '26 Mar 27, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Market Capitalization	2,923	3,188	2,996	3,062	4,104	5,870
Market Cap Growth	-17.93%	6.42%	-2.16%	-25.40%	-30.08%	-
Enterprise Value	2,475	2,675	2,707	2,747	3,785	5,866
Last Close Price	23.57	25.21	23.08	23.14	31.01	44.19
PE Ratio	30.41	31.10	27.48	57.33	53.06	72.02
PS Ratio	3.74	4.17	3.16	3.43	4.79	8.58
PB Ratio	2.96	3.21	3.16	3.50	4.87	7.52
P/TBV Ratio	3.14	3.39	3.34	3.77	5.27	8.18
P/FCF Ratio	55.94	21.53	20.01	-	96.88	197.24
P/OCF Ratio	44.11	18.07	16.26	95.69	36.91	85.20
EV/Sales Ratio	3.17	3.50	2.86	3.08	4.42	8.57
EV/EBITDA Ratio	19.61	19.79	20.79	36.50	35.32	64.68
EV/EBIT Ratio	24.86	24.20	25.20	50.83	43.66	83.24
EV/FCF Ratio	47.38	18.07	18.08	-	89.34	197.10
Debt / Equity Ratio	0.02	0.02	0.11	0.10	0.09	0.15
Debt / EBITDA Ratio	0.17	0.15	0.77	1.18	0.66	1.31
Debt / FCF Ratio	0.40	0.14	0.67	-	1.69	3.98
Net Debt / Equity Ratio	-0.46	-0.49	-0.48	-0.41	-0.48	-0.46
Net Debt / EBITDA Ratio	-3.62	-3.60	-3.50	-4.74	-3.76	-3.92
Net Debt / FCF Ratio	-8.70	-3.28	-3.05	25.60	-9.52	-11.96
Asset Turnover	0.72	0.68	0.85	0.83	0.84	0.87
Inventory Turnover	4.45	4.95	4.88	4.67	5.54	6.14
Quick Ratio	5.24	6.76	3.56	2.52	2.34	2.52
Current Ratio	7.37	8.02	4.49	3.61	3.33	3.50
Return on Equity (ROE)	9.59%	10.48%	11.58%	6.42%	10.01%	12.89%
Return on Assets (ROA)	5.71%	6.17%	6.03%	3.15%	5.29%	5.59%
Return on Invested Capital (ROIC)	15.99%	18.63%	18.23%	10.15%	17.02%	15.39%
Return on Capital Employed (ROCE)	10.00%	11.00%	11.00%	6.10%	10.20%	9.00%
Earnings Yield	3.29%	3.21%	3.64%	1.74%	1.88%	1.39%
FCF Yield	1.79%	4.64%	5.00%	-0.46%	1.03%	0.51%
Dividend Yield	2.54%	2.38%	2.17%	0.86%	0.65%	0.34%
Payout Ratio	77.04%	61.63%	26.61%	53.53%	27.68%	116.43%
Buyback Yield / Dilution	-0.07%	0.34%	-0.17%	0.44%	-27.03%	-6.15%
Total Shareholder Return	2.47%	2.71%	2.00%	1.31%	-26.39%	-5.82%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.