| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 300807 | 688475 | 688071 | 301182 | 1478 | | 300065 | |
| SZSE:300807 | SHSE:688475 | SHSE:688071 | SZSE:301182 | SEHK:1478 | | SZSE:300065 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -9.6% | 18.1% | 7.8% | 8.4% | 4.2% | | -0.4% | |
| 3Y CAGR | 0.6% | 8.7% | 10.3% | 7.7% | -4.7% | | -4.7% | |
| Latest Twelve Months | -39.9% | 12.4% | 22.4% | 56.8% | 28.9% | | -13.0% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -15.0% | 8.8% | 11.3% | 1.1% | 3.3% | | -5.9% | |
| Prior Fiscal Year | -6.7% | 10.1% | 0.1% | 1.7% | 0.7% | | -35.6% | |
| Latest Fiscal Year | -29.9% | 9.9% | -14.9% | -13.1% | 2.5% | | -8.5% | |
| Latest Twelve Months | -39.7% | 9.9% | -14.9% | -10.7% | 2.5% | | -16.6% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 13.66x | 4.79x | 8.96x | 4.14x | 0.39x | | 18.20x | |
| EV / LTM EBIT | -34.4x | 48.4x | -60.3x | -38.8x | 15.6x | | -109.9x | |
| Price / LTM Sales | 13.58x | 5.48x | 6.87x | 4.10x | 0.49x | | 19.98x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.39x | 4.79x | 13.66x | | | | | |
| Historical EV / LTM Revenue | 5.85x | 9.36x | 10.82x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 13.99x | 14.73x | 15.46x | | | | | |
| (x) LTM Revenue | 519 | 519 | 519 | | | | | |
| (=) Implied Enterprise Value | 7,264 | 7,647 | 8,029 | | | | | |
| (-) Non-shareholder Claims * | 919 | 919 | 919 | | | | | |
| (=) Equity Value | 8,184 | 8,566 | 8,948 | | | | | |
| (/) Shares Outstanding | 717.8 | 717.8 | 717.8 | | | | | |
| Implied Value Range | 11.40 | 11.93 | 12.47 | | | | | |
| FX Rate: CNY/CNY | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 11.40 | 11.93 | 12.47 | | 14.45 | | | |
| Upside / (Downside) | -21.1% | -17.4% | -13.7% | | | | | |