| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 300736 | EM | RERE | BQ | 1771 | | 2122 | |
| SZSE:300736 | NasdaqCM:EM | NYSE:RERE | NYSEAM:BQ | SEHK:1771 | | SEHK:2122 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 1.6% | NM- | 32.9% | -2.5% | -1.6% | | -10.6% | |
| 3Y CAGR | 11.7% | 1.7% | 28.0% | -11.1% | -9.6% | | -12.8% | |
| Latest Twelve Months | -14.4% | -40.1% | 25.9% | -36.1% | -21.6% | | -15.7% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -8.3% | -4.4% | -6.1% | -12.4% | 1.8% | | -9.2% | |
| Prior Fiscal Year | -10.4% | -22.7% | -1.3% | -5.8% | 0.8% | | -15.3% | |
| Latest Fiscal Year | -3.3% | 0.0% | 0.2% | -8.5% | -1.4% | | -19.0% | |
| Latest Twelve Months | -5.4% | -2.9% | 0.2% | -9.7% | -1.4% | | -19.0% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.89x | -0.49x | 0.12x | 0.11x | 0.19x | | 0.38x | |
| EV / LTM EBIT | -35.0x | 16.6x | 65.2x | -1.1x | -13.2x | | -2.0x | |
| Price / LTM Sales | 2.01x | 1.14x | 0.29x | 0.01x | 0.02x | | 0.05x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | -0.49x | 0.12x | 1.89x | | | | | |
| Historical EV / LTM Revenue | 0.15x | 0.19x | 0.38x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.35x | 0.37x | 0.39x | | | | | |
| (x) LTM Revenue | 974 | 974 | 974 | | | | | |
| (=) Implied Enterprise Value | 341 | 359 | 377 | | | | | |
| (-) Non-shareholder Claims * | (325) | (325) | (325) | | | | | |
| (=) Equity Value | 16 | 34 | 52 | | | | | |
| (/) Shares Outstanding | 800.0 | 800.0 | 800.0 | | | | | |
| Implied Value Range | 0.02 | 0.04 | 0.06 | | | | | |
| FX Rate: CNY/HKD | 0.9 | 0.9 | 0.9 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.02 | 0.05 | 0.07 | | 0.07 | | | |
| Upside / (Downside) | -69.3% | -35.0% | -0.7% | | | | | |