| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 2693 | 688076 | 600196 | 600276 | 513 | | 600664 | |
| SZSE:002693 | SHSE:688076 | SHSE:600196 | SHSE:600276 | SZSE:000513 | | SHSE:600664 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -6.9% | 34.3% | 7.4% | 5.6% | 7.0% | | 7.4% | |
| 3Y CAGR | -4.3% | 36.1% | 1.6% | -6.3% | 5.7% | | 12.7% | |
| Latest Twelve Months | -30.3% | 57.2% | -1.2% | 16.3% | -7.3% | | 5.9% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -17.9% | 18.9% | 6.6% | 18.6% | 16.7% | | 1.6% | |
| Prior Fiscal Year | -16.1% | 18.5% | 2.9% | 14.4% | 15.3% | | 4.0% | |
| Latest Fiscal Year | -15.6% | 28.1% | 6.8% | 18.3% | 15.5% | | 4.0% | |
| Latest Twelve Months | -37.5% | 28.1% | 6.8% | 21.0% | 19.8% | | 5.0% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 22.41x | 8.46x | 1.60x | 10.54x | 1.75x | | 0.55x | |
| EV / LTM EBIT | -59.7x | 30.1x | 23.6x | 50.2x | 8.8x | | 10.9x | |
| Price / LTM Sales | 21.35x | 8.04x | 1.45x | 11.39x | 2.39x | | 0.58x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 1.60x | 8.46x | 22.41x | | | | | |
| Historical EV / LTM Revenue | 0.55x | 0.79x | 0.88x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.65x | 0.69x | 0.72x | | | | | |
| (x) LTM Revenue | 16,219 | 16,219 | 16,219 | | | | | |
| (=) Implied Enterprise Value | 10,619 | 11,178 | 11,737 | | | | | |
| (-) Non-shareholder Claims * | 606 | 606 | 606 | | | | | |
| (=) Equity Value | 11,226 | 11,785 | 12,344 | | | | | |
| (/) Shares Outstanding | 2,518.5 | 2,518.5 | 2,518.5 | | | | | |
| Implied Value Range | 4.46 | 4.68 | 4.90 | | | | | |
| FX Rate: CNY/CNY | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 4.46 | 4.68 | 4.90 | | 3.74 | | | |
| Upside / (Downside) | 19.2% | 25.1% | 31.0% | | | | | |