ดูเหมือนว่ามีข้อผิดพลาดเกิดขึ้นขณะกำลังโหลดหน้าเพจนี้.
ทีมงานของเราได้รับแจ้งแล้วแต่กรุณาติดต่อเราด้วยการใช้ วิจิทบริการสนับสนุนทางอีเมล หากปัญหายังคงมีอยู่
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBITDA Multiple | 80.7x - 89.2x | 85.0x |
| Selected Fwd EBITDA Multiple | 29.0x - 32.1x | 30.6x |
| Fair Value | ¥86.66 - ¥94.92 | ¥90.79 |
| Upside | 16.9% - 28.1% | 22.5% |
| Benchmarks | Ticker | Full Ticker |
| Amlogic (Shanghai) Co.,Ltd. | 688099 | SHSE:688099 |
| ALi Corporation | 3041 | TWSE:3041 |
| MACOM Technology Solutions Holdings, Inc. | MTSI | NasdaqGS:MTSI |
| Advanced Micro Devices, Inc. | AMD_KZ | KAS:AMD_KZ |
| Rambus Inc. | RMBS | NasdaqGS:RMBS |
| Montage Technology Co., Ltd. | 688008 | SHSE:688008 |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| 688099 | 3041 | MTSI | AMD_KZ | RMBS | 688008 | ||
| SHSE:688099 | TWSE:3041 | NasdaqGS:MTSI | KAS:AMD_KZ | NasdaqGS:RMBS | SHSE:688008 | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | 26.0% | NM- | 77.8% | 43.3% | NM- | 7.1% | |
| 3Y CAGR | -6.5% | NM- | -0.5% | 8.3% | 42.6% | 21.4% | |
| Latest Twelve Months | 84.9% | 62.2% | 0.6% | 33.6% | 58.5% | 280.7% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 11.5% | -13.4% | 22.2% | 19.3% | 21.1% | 28.1% | |
| Prior Fiscal Year | 7.5% | -43.1% | 26.0% | 17.0% | 30.3% | 12.8% | |
| Latest Fiscal Year | 12.5% | -14.5% | 20.4% | 20.0% | 39.8% | 30.7% | |
| Latest Twelve Months | 12.9% | -14.5% | 18.9% | 20.0% | 39.8% | 30.7% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 4.10x | 1.25x | 9.35x | 5.30x | 8.00x | 20.74x | |
| EV / LTM EBITDA | 31.8x | -8.6x | 49.3x | 26.5x | 20.1x | 67.5x | |
| EV / LTM EBIT | 37.7x | -8.0x | 91.5x | 65.5x | 24.9x | 74.7x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | -8.6x | 26.5x | 49.3x | ||||
| Historical EV / LTM EBITDA | 60.8x | 113.0x | 187.2x | ||||
| Selected EV / LTM EBITDA | 80.7x | 85.0x | 89.2x | ||||
| (x) LTM EBITDA | 1,118 | 1,118 | 1,118 | ||||
| (=) Implied Enterprise Value | 90,268 | 95,019 | 99,769 | ||||
| (-) Non-shareholder Claims * | 9,296 | 9,296 | 9,296 | ||||
| (=) Equity Value | 99,563 | 104,314 | 109,065 | ||||
| (/) Shares Outstanding | 1,136.3 | 1,136.3 | 1,136.3 | ||||
| Implied Value Range | 87.62 | 91.81 | 95.99 | ||||
| FX Rate: CNY/CNY | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 87.62 | 91.81 | 95.99 | 74.11 | |||
| Upside / (Downside) | 18.2% | 23.9% | 29.5% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | 688099 | 3041 | MTSI | AMD_KZ | RMBS | 688008 | |
| Enterprise Value | 24,826 | 2,094 | 7,010 | 146,029 | 4,280 | 74,912 | |
| (+) Cash & Short Term Investments | 4,074 | 941 | 657 | 5,132 | 482 | 8,627 | |
| (+) Investments & Other | 618 | 262 | 0 | 150 | 0 | 707 | |
| (-) Debt | (15) | (569) | (540) | (2,321) | (30) | (45) | |
| (-) Other Liabilities | (32) | (1) | 0 | 0 | 0 | 7 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 29,471 | 2,727 | 7,127 | 148,990 | 4,732 | 84,208 | |
| (/) Shares Outstanding | 419.9 | 116.3 | 74.3 | 1,616.3 | 106.9 | 1,136.3 | |
| Implied Stock Price | 70.18 | 23.45 | 95.87 | 92.18 | 44.28 | 74.11 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 70.18 | 23.45 | 95.87 | 92.18 | 44.28 | 74.11 | |
| Trading Currency | CNY | TWD | USD | USD | USD | CNY | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |