| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 600162 | 600266 | 600638 | 514 | 600325 | | 600215 | |
| SHSE:600162 | SHSE:600266 | SHSE:600638 | SZSE:000514 | SHSE:600325 | | SHSE:600215 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -4.5% | 8.8% | 25.4% | 19.7% | 12.6% | | 29.4% | |
| 3Y CAGR | -12.8% | 13.6% | 36.8% | 28.7% | 5.4% | | 12.0% | |
| Latest Twelve Months | -29.4% | -47.9% | -54.1% | 35.1% | -16.8% | | 8.4% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 13.6% | 7.9% | 3.3% | 23.4% | 9.4% | | 6.6% | |
| Prior Fiscal Year | 8.7% | 4.4% | 2.0% | 21.2% | 6.6% | | 2.2% | |
| Latest Fiscal Year | 10.8% | 2.8% | 4.8% | 11.6% | 2.4% | | 5.5% | |
| Latest Twelve Months | 3.8% | -0.6% | 9.5% | 12.3% | 2.4% | | 2.1% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.94x | 2.26x | 0.10x | 2.60x | 3.09x | | 2.51x | |
| EV / LTM EBIT | 51.1x | -351.9x | 1.0x | 21.1x | 130.6x | | 122.1x | |
| Price / LTM Sales | 1.43x | 0.62x | 1.59x | 2.47x | 0.25x | | 2.00x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.10x | 2.26x | 3.09x | | | | | |
| Historical EV / LTM Revenue | 0.97x | 2.54x | 8.81x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 2.87x | 3.02x | 3.17x | | | | | |
| (x) LTM Revenue | 2,098 | 2,098 | 2,098 | | | | | |
| (=) Implied Enterprise Value | 6,021 | 6,338 | 6,655 | | | | | |
| (-) Non-shareholder Claims * | (1,072) | (1,072) | (1,072) | | | | | |
| (=) Equity Value | 4,948 | 5,265 | 5,582 | | | | | |
| (/) Shares Outstanding | 450.5 | 450.5 | 450.5 | | | | | |
| Implied Value Range | 10.98 | 11.69 | 12.39 | | | | | |
| FX Rate: CNY/CNY | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 10.98 | 11.69 | 12.39 | | 9.33 | | | |
| Upside / (Downside) | 17.7% | 25.3% | 32.8% | | | | | |