| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 301345 | 603766 | 601127 | 489 | 601238 | | 603787 | |
| SZSE:301345 | SHSE:603766 | SHSE:601127 | SEHK:489 | SHSE:601238 | | SHSE:603787 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 28.3% | 3.1% | 12.1% | 1.0% | 12.4% | | 6.1% | |
| 3Y CAGR | 15.7% | 7.8% | 35.8% | -2.1% | 27.1% | | -6.8% | |
| Latest Twelve Months | 58.2% | 29.7% | 305.0% | 6.9% | -16.9% | | -12.0% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 15.0% | 6.1% | -12.4% | -7.0% | -6.4% | | 0.9% | |
| Prior Fiscal Year | 12.6% | 5.2% | -17.7% | -10.6% | -3.7% | | 2.5% | |
| Latest Fiscal Year | 13.0% | 6.9% | 4.7% | -7.9% | -7.4% | | 1.1% | |
| Latest Twelve Months | 15.2% | 6.2% | 4.7% | -7.9% | -7.4% | | 0.8% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 2.19x | 1.10x | 1.07x | 0.01x | 0.07x | | 0.39x | |
| EV / LTM EBIT | 14.4x | 17.8x | 80.4x | -0.2x | -0.9x | | 48.6x | |
| Price / LTM Sales | 2.56x | 1.44x | 1.51x | 0.33x | 0.65x | | 0.68x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.01x | 1.07x | 2.19x | | | | | |
| Historical EV / LTM Revenue | 0.24x | 0.43x | 0.79x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.47x | 0.49x | 0.52x | | | | | |
| (x) LTM Revenue | 3,623 | 3,623 | 3,623 | | | | | |
| (=) Implied Enterprise Value | 1,694 | 1,783 | 1,872 | | | | | |
| (-) Non-shareholder Claims * | 1,065 | 1,065 | 1,065 | | | | | |
| (=) Equity Value | 2,760 | 2,849 | 2,938 | | | | | |
| (/) Shares Outstanding | 230.1 | 230.1 | 230.1 | | | | | |
| Implied Value Range | 11.99 | 12.38 | 12.77 | | | | | |
| FX Rate: CNY/CNY | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 11.99 | 12.38 | 12.77 | | 10.82 | | | |
| Upside / (Downside) | 10.8% | 14.4% | 18.0% | | | | | |