| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 8035 | 8620 | 8489 | 8482 | 8047 | | 8020 | |
| SEHK:8035 | SEHK:8620 | SEHK:8489 | SEHK:8482 | SEHK:8047 | | SEHK:8020 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -6.2% | 0.3% | 12.3% | -0.6% | -16.1% | | -1.5% | |
| 3Y CAGR | -18.3% | -2.0% | -1.8% | -17.5% | -13.8% | | 130.8% | |
| Latest Twelve Months | -32.0% | 2.9% | 28.2% | 18.2% | 6.3% | | 49.1% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -0.3% | -2.2% | 0.3% | -7.1% | -37.7% | | -33.5% | |
| Prior Fiscal Year | 1.0% | -6.3% | 0.0% | -12.2% | -10.7% | | -0.6% | |
| Latest Fiscal Year | -5.4% | -0.5% | -0.2% | -13.4% | -8.4% | | -0.1% | |
| Latest Twelve Months | -5.5% | -1.5% | -0.2% | -14.3% | -12.2% | | -0.8% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.34x | 0.20x | 0.05x | 0.10x | 1.23x | | 0.56x | |
| EV / LTM EBIT | -6.2x | -13.3x | -11.9x | -0.7x | -10.1x | | -69.3x | |
| Price / LTM Sales | 0.12x | 0.14x | 0.05x | 0.11x | 0.61x | | 0.65x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.05x | 0.20x | 1.23x | | | | | |
| Historical EV / LTM Revenue | 0.10x | 1.47x | 9.77x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.77x | 0.81x | 0.85x | | | | | |
| (x) LTM Revenue | 109 | 109 | 109 | | | | | |
| (=) Implied Enterprise Value | 84 | 89 | 93 | | | | | |
| (-) Non-shareholder Claims * | 10 | 10 | 10 | | | | | |
| (=) Equity Value | 94 | 99 | 103 | | | | | |
| (/) Shares Outstanding | 2,613.0 | 2,613.0 | 2,613.0 | | | | | |
| Implied Value Range | 0.04 | 0.04 | 0.04 | | | | | |
| FX Rate: HKD/HKD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.04 | 0.04 | 0.04 | | 0.03 | | | |
| Upside / (Downside) | 38.5% | 45.1% | 51.6% | | | | | |