| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 300252 | 1720 | 300590 | 603083 | 300884 | | 600105 | |
| SZSE:300252 | SEHK:1720 | SZSE:300590 | SHSE:603083 | SZSE:300884 | | SHSE:600105 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -5.1% | -4.7% | 16.4% | -0.4% | 14.1% | | 6.2% | |
| 3Y CAGR | 0.6% | 4.2% | 29.0% | 4.5% | 4.3% | | 9.8% | |
| Latest Twelve Months | 3.9% | -6.9% | 14.5% | 7.4% | -11.5% | | 7.1% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -5.9% | 8.1% | 16.1% | 1.4% | 13.2% | | -2.7% | |
| Prior Fiscal Year | -14.6% | 8.0% | 12.0% | 4.9% | 6.4% | | 0.4% | |
| Latest Fiscal Year | -11.4% | 3.8% | 13.6% | 3.5% | 9.3% | | 2.8% | |
| Latest Twelve Months | -14.7% | 3.9% | 14.5% | 3.8% | 3.8% | | 3.7% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 3.56x | 0.48x | 5.13x | 3.09x | 3.05x | | 2.39x | |
| EV / LTM EBIT | -24.3x | 12.3x | 35.5x | 80.6x | 80.7x | | 64.4x | |
| Price / LTM Sales | 3.58x | 0.18x | 6.09x | 2.83x | 3.63x | | 2.11x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.48x | 3.09x | 5.13x | | | | | |
| Historical EV / LTM Revenue | 1.10x | 1.65x | 1.86x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 2.20x | 2.32x | 2.44x | | | | | |
| (x) LTM Revenue | 4,372 | 4,372 | 4,372 | | | | | |
| (=) Implied Enterprise Value | 9,635 | 10,142 | 10,649 | | | | | |
| (-) Non-shareholder Claims * | (1,259) | (1,259) | (1,259) | | | | | |
| (=) Equity Value | 8,376 | 8,883 | 9,390 | | | | | |
| (/) Shares Outstanding | 1,462.0 | 1,462.0 | 1,462.0 | | | | | |
| Implied Value Range | 5.73 | 6.08 | 6.42 | | | | | |
| FX Rate: CNY/CNY | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 5.73 | 6.08 | 6.42 | | 6.30 | | | |
| Upside / (Downside) | -9.1% | -3.6% | 1.9% | | | | | |