ดูเหมือนว่ามีข้อผิดพลาดเกิดขึ้นขณะกำลังโหลดหน้าเพจนี้.
ทีมงานของเราได้รับแจ้งแล้วแต่กรุณาติดต่อเราด้วยการใช้ วิจิทบริการสนับสนุนทางอีเมล หากปัญหายังคงมีอยู่
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBIT Multiple | 19.1x - 21.1x | 20.1x |
| Selected Fwd EBIT Multiple | 15.3x - 17.0x | 16.1x |
| Fair Value | $2.54 - $2.80 | $2.67 |
| Upside | 20.2% - 32.2% | 26.2% |
| Benchmarks | Ticker | Full Ticker |
| GreenTree Hospitality Group Ltd. | GHG | NYSE:GHG |
| Shanghai Jin Jiang International Hotels Co., Ltd. | 900934 | SHSE:900934 |
| BTG Hotels (Group) Co., Ltd. | 600258 | SHSE:600258 |
| Western Regions Tourism Development Co.,Ltd | 300859 | SZSE:300859 |
| Wuhan Sante Cableway Group Co., Ltd. | 2159 | SZSE:002159 |
| Haidilao International Holding Ltd. | HDAL.F | OTCPK:HDAL.F |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| GHG | 900934 | 600258 | 300859 | 2159 | HDAL.F | ||
| NYSE:GHG | SHSE:900934 | SHSE:600258 | SZSE:300859 | SZSE:002159 | OTCPK:HDAL.F | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | -7.1% | 0.8% | 1.7% | 9.8% | 5.2% | 13.8% | |
| 3Y CAGR | 3.5% | 45.1% | 42.1% | NM- | 88.2% | 113.9% | |
| Latest Twelve Months | -17.8% | -20.5% | -0.9% | -14.1% | -7.2% | 8.9% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 16.0% | 6.0% | 7.0% | 9.8% | 13.9% | 7.7% | |
| Prior Fiscal Year | -24.5% | 14.2% | 18.9% | -8.4% | 38.9% | 13.5% | |
| Latest Fiscal Year | 21.7% | 11.7% | 18.8% | 38.2% | 37.4% | 14.2% | |
| Latest Twelve Months | 23.3% | 11.7% | 18.8% | 34.7% | 37.4% | 14.2% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 0.92x | 2.54x | 2.94x | 18.92x | 3.63x | 1.99x | |
| EV / LTM EBITDA | 2.9x | 15.7x | 13.1x | 42.0x | 7.4x | 10.3x | |
| EV / LTM EBIT | 4.0x | 21.6x | 15.7x | 54.5x | 9.7x | 14.0x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | 4.0x | 15.7x | 54.5x | ||||
| Historical EV / LTM EBIT | 14.0x | 62.5x | 247.5x | ||||
| Selected EV / LTM EBIT | 19.1x | 20.1x | 21.1x | ||||
| (x) LTM EBIT | 6,082 | 6,082 | 6,082 | ||||
| (=) Implied Enterprise Value | 116,363 | 122,488 | 128,612 | ||||
| (-) Non-shareholder Claims * | 5,930 | 5,930 | 5,930 | ||||
| (=) Equity Value | 122,294 | 128,418 | 134,542 | ||||
| (/) Shares Outstanding | 6,666.7 | 6,666.7 | 6,666.7 | ||||
| Implied Value Range | 18.34 | 19.26 | 20.18 | ||||
| FX Rate: CNY/USD | 7.3 | 7.3 | 7.3 | Market Price | |||
| Implied Value Range (Trading Cur) | 2.51 | 2.64 | 2.76 | 2.12 | |||
| Upside / (Downside) | 18.8% | 24.8% | 30.7% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | GHG | 900934 | 600258 | 300859 | 2159 | HDAL.F | |
| Enterprise Value | 1,292 | 39,345 | 22,807 | 5,800 | 2,515 | 96,995 | |
| (+) Cash & Short Term Investments | 1,536 | 9,419 | 2,350 | 351 | 375 | 9,580 | |
| (+) Investments & Other | 475 | 1,499 | 964 | 96 | 137 | 2,502 | |
| (-) Debt | (1,741) | (20,924) | (9,071) | (108) | (157) | (6,168) | |
| (-) Other Liabilities | (35) | (274) | (122) | (21) | (49) | 16 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 1,527 | 29,065 | 16,928 | 6,116 | 2,821 | 102,925 | |
| (/) Shares Outstanding | 101.5 | 2,668.7 | 1,116.6 | 155.0 | 177.3 | 6,666.7 | |
| Implied Stock Price | 15.04 | 10.89 | 15.16 | 39.46 | 15.91 | 15.44 | |
| FX Conversion Rate to Trading Currency | 7.30 | 7.30 | 1.00 | 1.00 | 1.00 | 7.30 | |
| Implied Stock Price (Trading Cur) | 2.06 | 1.49 | 15.16 | 39.46 | 15.91 | 2.12 | |
| Trading Currency | USD | USD | CNY | CNY | CNY | USD | |
| FX Rate to Reporting Currency | 7.30 | 7.30 | 1.00 | 1.00 | 1.00 | 7.30 | |