| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 601333 | 2357 | 601006 | 2627 | 600125 | | 1213 | |
| SHSE:601333 | SZSE:002357 | SHSE:601006 | SZSE:002627 | SHSE:600125 | | SZSE:001213 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 5.7% | -2.1% | 0.7% | -4.5% | -1.2% | | 6.3% | |
| 3Y CAGR | 17.0% | 11.2% | 3.7% | -6.4% | -1.1% | | 8.1% | |
| Latest Twelve Months | 13.3% | 2.0% | -3.0% | -45.7% | 5.3% | | 7.5% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -3.4% | 2.3% | 18.8% | 4.4% | 3.8% | | 5.4% | |
| Prior Fiscal Year | -13.0% | -1.0% | 18.6% | -2.4% | 3.7% | | 4.2% | |
| Latest Fiscal Year | 5.8% | 2.1% | 18.9% | 4.0% | 4.4% | | 6.0% | |
| Latest Twelve Months | 6.7% | -3.5% | 15.2% | 9.8% | 4.8% | | 5.9% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.70x | 1.87x | 1.08x | 3.20x | 0.45x | | 1.18x | |
| EV / LTM EBIT | 10.4x | -54.2x | 7.1x | 32.6x | 9.3x | | 20.0x | |
| Price / LTM Sales | 0.71x | 2.74x | 1.75x | 4.20x | 0.53x | | 1.66x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.45x | 1.08x | 3.20x | | | | | |
| Historical EV / LTM Revenue | 1.26x | 1.45x | 2.31x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.46x | 1.53x | 1.61x | | | | | |
| (x) LTM Revenue | 10,891 | 10,891 | 10,891 | | | | | |
| (=) Implied Enterprise Value | 15,852 | 16,686 | 17,520 | | | | | |
| (-) Non-shareholder Claims * | 5,209 | 5,209 | 5,209 | | | | | |
| (=) Equity Value | 21,061 | 21,895 | 22,729 | | | | | |
| (/) Shares Outstanding | 4,444.4 | 4,444.4 | 4,444.4 | | | | | |
| Implied Value Range | 4.74 | 4.93 | 5.11 | | | | | |
| FX Rate: CNY/CNY | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 4.74 | 4.93 | 5.11 | | 4.06 | | | |
| Upside / (Downside) | 16.7% | 21.3% | 26.0% | | | | | |