| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 900901 | 2368 | 300170 | 300075 | 34 | | 301316 | |
| SHSE:900901 | SZSE:002368 | SZSE:300170 | SZSE:300075 | SZSE:000034 | | SZSE:301316 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 2.8% | 2.1% | 0.8% | -1.2% | 8.1% | | 34.4% | |
| 3Y CAGR | 4.0% | -9.3% | 6.1% | -5.0% | 1.6% | | 25.5% | |
| Latest Twelve Months | 6.8% | -14.8% | 1.7% | -42.4% | 7.1% | | 24.0% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 2.0% | 4.6% | 0.9% | 10.2% | 1.5% | | 7.1% | |
| Prior Fiscal Year | 0.6% | 4.9% | 3.9% | 15.1% | 1.7% | | 7.2% | |
| Latest Fiscal Year | 3.6% | 3.5% | -4.4% | 8.2% | 1.9% | | 5.8% | |
| Latest Twelve Months | 3.6% | 3.5% | -1.5% | -9.1% | 1.9% | | 4.7% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 4.06x | 2.00x | 5.45x | 10.78x | 0.29x | | 6.16x | |
| EV / LTM EBIT | 112.3x | 31.4x | -361.4x | -118.0x | 15.4x | | 132.2x | |
| Price / LTM Sales | 4.69x | 1.97x | 5.99x | 12.65x | 0.21x | | 6.09x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.29x | 4.06x | 10.78x | | | | | |
| Historical EV / LTM Revenue | 6.76x | 6.92x | 7.08x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 5.63x | 5.93x | 6.23x | | | | | |
| (x) LTM Revenue | 1,598 | 1,598 | 1,598 | | | | | |
| (=) Implied Enterprise Value | 9,004 | 9,477 | 9,951 | | | | | |
| (-) Non-shareholder Claims * | (48) | (48) | (48) | | | | | |
| (=) Equity Value | 8,955 | 9,429 | 9,903 | | | | | |
| (/) Shares Outstanding | 400.0 | 400.0 | 400.0 | | | | | |
| Implied Value Range | 22.39 | 23.57 | 24.76 | | | | | |
| FX Rate: CNY/CNY | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 22.39 | 23.57 | 24.76 | | 24.00 | | | |
| Upside / (Downside) | -6.7% | -1.8% | 3.2% | | | | | |