| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 2609 | 2603 | 2SV | AMKB.F | HLAG | | C6G | |
| TWSE:2609 | TWSE:2603 | DB:2SV | OTCPK:AMKB.F | DB:HLAG | | DB:C6G | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 8.3% | 19.5% | 20.6% | 7.4% | 8.7% | | 9.1% | |
| 3Y CAGR | -12.6% | -1.8% | -7.7% | -3.5% | -5.0% | | -11.2% | |
| Latest Twelve Months | 58.4% | 67.5% | 63.3% | 8.6% | 6.6% | | 33.3% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 30.8% | 34.1% | 26.6% | 18.6% | 25.6% | | 23.9% | |
| Prior Fiscal Year | -1.2% | 12.0% | -8.7% | 6.7% | 14.0% | | 12.8% | |
| Latest Fiscal Year | 30.3% | 33.4% | 29.5% | 10.8% | 13.2% | | 24.9% | |
| Latest Twelve Months | 30.3% | 33.4% | 29.5% | 10.8% | 13.2% | | 24.9% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 0.35x | 0.70x | 0.52x | 0.29x | 1.24x | | 0.33x | |
| EV / LTM EBIT | 1.2x | 2.1x | 1.8x | 2.7x | 9.4x | | 1.3x | |
| Price / LTM Sales | 1.10x | 0.94x | 0.19x | 0.46x | 1.26x | | 0.91x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.29x | 0.52x | 1.24x | | | | | |
| Historical EV / LTM Revenue | -0.04x | 0.33x | 1.39x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.57x | 0.60x | 0.63x | | | | | |
| (x) LTM Revenue | 233,859 | 233,859 | 233,859 | | | | | |
| (=) Implied Enterprise Value | 132,783 | 139,772 | 146,760 | | | | | |
| (-) Non-shareholder Claims * | 136,764 | 136,764 | 136,764 | | | | | |
| (=) Equity Value | 269,547 | 276,536 | 283,525 | | | | | |
| (/) Shares Outstanding | 19,834.5 | 19,834.5 | 19,834.5 | | | | | |
| Implied Value Range | 13.59 | 13.94 | 14.29 | | | | | |
| FX Rate: CNY/EUR | 8.3 | 8.3 | 8.3 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 1.65 | 1.69 | 1.73 | | 1.27 | | | |
| Upside / (Downside) | 29.9% | 33.2% | 36.6% | | | | | |