| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 301296 | 3003 | 600210 | 601968 | 2228 | | 3018 | |
| SZSE:301296 | SZSE:003003 | SHSE:600210 | SHSE:601968 | SZSE:002228 | | SZSE:003018 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 15.1% | 7.0% | 2.9% | 9.3% | 0.4% | | 8.3% | |
| 3Y CAGR | 19.6% | 11.7% | 3.7% | 10.3% | 1.1% | | 10.6% | |
| Latest Twelve Months | 1.6% | -20.8% | 16.7% | -0.5% | -10.5% | | 15.4% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 14.4% | 3.6% | 8.4% | 4.6% | 2.0% | | 17.4% | |
| Prior Fiscal Year | 12.6% | -0.1% | 8.6% | 4.2% | 0.7% | | 15.9% | |
| Latest Fiscal Year | 12.9% | 4.1% | 9.8% | 4.7% | 1.3% | | 19.2% | |
| Latest Twelve Months | 11.2% | 5.8% | 9.8% | 3.8% | 1.5% | | 19.2% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.72x | 1.45x | 1.03x | 0.79x | 0.39x | | 2.93x | |
| EV / LTM EBIT | 15.4x | 25.0x | 10.5x | 20.7x | 25.7x | | 15.3x | |
| Price / LTM Sales | 2.32x | 1.44x | 1.00x | 0.73x | 0.30x | | 3.00x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.39x | 1.03x | 1.72x | | | | | |
| Historical EV / LTM Revenue | 2.64x | 3.26x | 5.85x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 3.15x | 3.31x | 3.48x | | | | | |
| (x) LTM Revenue | 892 | 892 | 892 | | | | | |
| (=) Implied Enterprise Value | 2,808 | 2,956 | 3,104 | | | | | |
| (-) Non-shareholder Claims * | 56 | 56 | 56 | | | | | |
| (=) Equity Value | 2,865 | 3,012 | 3,160 | | | | | |
| (/) Shares Outstanding | 260.0 | 260.0 | 260.0 | | | | | |
| Implied Value Range | 11.02 | 11.59 | 12.15 | | | | | |
| FX Rate: CNY/CNY | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 11.02 | 11.59 | 12.15 | | 10.28 | | | |
| Upside / (Downside) | 7.2% | 12.7% | 18.2% | | | | | |