| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 2375 | 1773 | 2830 | 605098 | 3032 | | 301365 | |
| SZSE:002375 | SEHK:1773 | SZSE:002830 | SHSE:605098 | SZSE:003032 | | SZSE:301365 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 6.9% | 29.3% | 0.5% | 9.0% | -7.6% | | 12.8% | |
| 3Y CAGR | 6.1% | 85.8% | -3.3% | 21.1% | -5.8% | | -4.7% | |
| Latest Twelve Months | 0.9% | 44.2% | -11.2% | 35.5% | -56.9% | | 2.0% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 1.1% | 9.7% | 2.6% | 27.5% | 7.2% | | 16.0% | |
| Prior Fiscal Year | 1.3% | 21.8% | 2.7% | 17.9% | 22.7% | | 23.3% | |
| Latest Fiscal Year | 2.6% | 23.8% | 4.5% | 33.2% | 6.2% | | 2.7% | |
| Latest Twelve Months | 2.4% | 23.8% | 5.1% | 33.4% | -45.9% | | -0.1% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.38x | 2.61x | 1.08x | 3.78x | 8.38x | | 3.14x | |
| EV / LTM EBIT | 15.8x | 11.0x | 21.3x | 11.3x | -18.3x | | -2593.9x | |
| Price / LTM Sales | 0.40x | 2.25x | 2.32x | 6.05x | 11.49x | | 5.81x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.38x | 2.61x | 8.38x | | | | | |
| Historical EV / LTM Revenue | 2.43x | 2.70x | 2.97x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 2.37x | 2.50x | 2.62x | | | | | |
| (x) LTM Revenue | 553 | 553 | 553 | | | | | |
| (=) Implied Enterprise Value | 1,313 | 1,382 | 1,451 | | | | | |
| (-) Non-shareholder Claims * | 1,479 | 1,479 | 1,479 | | | | | |
| (=) Equity Value | 2,792 | 2,861 | 2,930 | | | | | |
| (/) Shares Outstanding | 180.0 | 180.0 | 180.0 | | | | | |
| Implied Value Range | 15.51 | 15.89 | 16.28 | | | | | |
| FX Rate: CNY/CNY | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 15.51 | 15.89 | 16.28 | | 17.86 | | | |
| Upside / (Downside) | -13.2% | -11.0% | -8.9% | | | | | |