ดูเหมือนว่ามีข้อผิดพลาดเกิดขึ้นขณะกำลังโหลดหน้าเพจนี้.
ทีมงานของเราได้รับแจ้งแล้วแต่กรุณาติดต่อเราด้วยการใช้ วิจิทบริการสนับสนุนทางอีเมล หากปัญหายังคงมีอยู่
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBITDA Multiple | 50.9x - 56.3x | 53.6x |
| Selected Fwd EBITDA Multiple | 9.4x - 10.3x | 9.8x |
| Fair Value | ¥6.58 - ¥7.53 | ¥7.06 |
| Upside | -32.9% - -23.3% | -28.1% |
| Benchmarks | Ticker | Full Ticker |
| Ever Sunshine Services Group Limited | 1995 | SEHK:1995 |
| Poly Developments and Holdings Group Co., Ltd. | 600048 | SHSE:600048 |
| Hainan Expressway Co., Ltd. | 886 | SZSE:000886 |
| Onewo Inc. | 2602 | SEHK:2602 |
| China Enterprise Company Limited | 600675 | SHSE:600675 |
| Paslin Digital Technology Co., Ltd. | 600215 | SHSE:600215 |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| 1995 | 600048 | 886 | 2602 | 600675 | 600215 | ||
| SEHK:1995 | SHSE:600048 | SZSE:000886 | SEHK:2602 | SHSE:600675 | SHSE:600215 | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | 21.6% | -4.7% | NM- | 12.2% | -15.6% | NM- | |
| 3Y CAGR | 0.4% | -17.2% | NM- | 3.8% | -10.5% | 4.3% | |
| Latest Twelve Months | 14.9% | -33.6% | -3.3% | -13.6% | -71.8% | -63.9% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 15.3% | 15.3% | -34.8% | 8.6% | 19.1% | 8.2% | |
| Prior Fiscal Year | 11.4% | 12.8% | -34.4% | 8.9% | 4.5% | 4.2% | |
| Latest Fiscal Year | 12.5% | 8.2% | -69.4% | 7.0% | 16.1% | 6.7% | |
| Latest Twelve Months | 12.5% | 6.8% | -51.8% | 7.0% | 9.6% | 3.3% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 0.06x | 1.11x | 23.57x | 0.20x | 4.47x | 2.62x | |
| EV / LTM EBITDA | 0.5x | 16.3x | -45.5x | 2.9x | 46.4x | 78.8x | |
| EV / LTM EBIT | 0.5x | 17.6x | -40.3x | 4.4x | 147.5x | 127.1x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | -45.5x | 2.9x | 46.4x | ||||
| Historical EV / LTM EBITDA | 16.9x | 22.4x | 83.7x | ||||
| Selected EV / LTM EBITDA | 50.9x | 53.6x | 56.3x | ||||
| (x) LTM EBITDA | 70 | 70 | 70 | ||||
| (=) Implied Enterprise Value | 3,551 | 3,738 | 3,925 | ||||
| (-) Non-shareholder Claims * | (1,072) | (1,072) | (1,072) | ||||
| (=) Equity Value | 2,479 | 2,666 | 2,853 | ||||
| (/) Shares Outstanding | 450.5 | 450.5 | 450.5 | ||||
| Implied Value Range | 5.50 | 5.92 | 6.33 | ||||
| FX Rate: CNY/CNY | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 5.50 | 5.92 | 6.33 | 9.81 | |||
| Upside / (Downside) | -43.9% | -39.7% | -35.4% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | 1995 | 600048 | 886 | 2602 | 600675 | 600215 | |
| Enterprise Value | 394 | 373,795 | 4,651 | 7,303 | 24,125 | 5,492 | |
| (+) Cash & Short Term Investments | 2,622 | 127,808 | 654 | 14,125 | 14,411 | 20 | |
| (+) Investments & Other | 279 | 106,072 | 1,116 | 2,961 | 1,005 | 0 | |
| (-) Debt | (46) | (358,649) | (166) | (336) | (20,890) | (1,092) | |
| (-) Other Liabilities | (385) | (144,255) | (35) | (737) | (2,267) | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 2,864 | 104,772 | 6,220 | 23,316 | 16,385 | 4,419 | |
| (/) Shares Outstanding | 1,728.6 | 11,865.4 | 988.8 | 1,160.0 | 6,046.1 | 450.5 | |
| Implied Stock Price | 1.66 | 8.83 | 6.29 | 20.10 | 2.71 | 9.81 | |
| FX Conversion Rate to Trading Currency | 0.94 | 1.00 | 1.00 | 0.94 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 1.76 | 8.83 | 6.29 | 21.35 | 2.71 | 9.81 | |
| Trading Currency | HKD | CNY | CNY | HKD | CNY | CNY | |
| FX Rate to Reporting Currency | 0.94 | 1.00 | 1.00 | 0.94 | 1.00 | 1.00 | |