| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 301176 | 688071 | 300370 | 300546 | 300657 | | 300807 | |
| SZSE:301176 | SHSE:688071 | SZSE:300370 | SZSE:300546 | SZSE:300657 | | SZSE:300807 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 16.8% | 7.8% | -19.2% | -7.2% | 9.1% | | -9.6% | |
| 3Y CAGR | 15.0% | 10.3% | -9.3% | 0.7% | 9.6% | | 0.6% | |
| Latest Twelve Months | 8.6% | 22.4% | -1.9% | -10.7% | 78.3% | | -39.9% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 4.5% | 11.3% | -28.6% | -0.2% | -4.5% | | -15.0% | |
| Prior Fiscal Year | 5.4% | 0.1% | -46.2% | 1.8% | -9.4% | | -6.7% | |
| Latest Fiscal Year | -3.3% | -14.9% | -20.5% | -10.4% | -10.6% | | -29.9% | |
| Latest Twelve Months | -2.5% | -14.9% | -17.2% | -5.0% | -0.1% | | -39.7% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 2.30x | 9.36x | 11.22x | 6.17x | 3.32x | | 13.61x | |
| EV / LTM EBIT | -90.1x | -63.0x | -65.3x | -122.8x | -6010.9x | | -34.3x | |
| Price / LTM Sales | 2.23x | 7.27x | 10.17x | 7.38x | 3.01x | | 13.54x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 2.30x | 6.17x | 11.22x | | | | | |
| Historical EV / LTM Revenue | 4.65x | 7.35x | 8.94x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 10.05x | 10.58x | 11.11x | | | | | |
| (x) LTM Revenue | 174 | 174 | 174 | | | | | |
| (=) Implied Enterprise Value | 1,751 | 1,843 | 1,935 | | | | | |
| (-) Non-shareholder Claims * | 2 | 2 | 2 | | | | | |
| (=) Equity Value | 1,752 | 1,845 | 1,937 | | | | | |
| (/) Shares Outstanding | 68.0 | 68.0 | 68.0 | | | | | |
| Implied Value Range | 25.76 | 27.11 | 28.46 | | | | | |
| FX Rate: CNY/CNY | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 25.76 | 27.11 | 28.46 | | 34.65 | | | |
| Upside / (Downside) | -25.7% | -21.8% | -17.9% | | | | | |