| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| DTEG.F | 603322 | TEL | TLSN.F | 300578 | | ZCH | |
| PINC:DTEG.F | SHSE:603322 | OB:TEL | PINC:TLSN.F | SZSE:300578 | | DB:ZCH | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 7.4% | 11.9% | -6.8% | 0.7% | 15.3% | | 6.9% | |
| 3Y CAGR | 2.3% | 18.3% | -6.3% | 0.3% | -16.7% | | 6.0% | |
| Latest Twelve Months | 3.2% | 21.7% | -0.7% | 4.1% | -8.1% | | 2.1% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 15.0% | -2.0% | 21.2% | 12.1% | 5.4% | | 7.7% | |
| Prior Fiscal Year | 19.2% | -6.9% | 22.0% | 11.1% | 3.1% | | 7.2% | |
| Latest Fiscal Year | 20.6% | -0.3% | 22.6% | 12.8% | -9.9% | | 8.2% | |
| Latest Twelve Months | 20.6% | 3.2% | 22.6% | 13.8% | -5.8% | | 8.1% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 2.73x | 2.06x | 2.86x | 2.40x | 5.78x | | 1.11x | |
| EV / LTM EBIT | 13.3x | 64.1x | 12.7x | 17.4x | -99.0x | | 13.8x | |
| Price / LTM Sales | 1.29x | 1.97x | 2.56x | 1.54x | 7.47x | | 1.28x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 2.06x | 2.73x | 5.78x | | | | | |
| Historical EV / LTM Revenue | 0.55x | 0.68x | 1.05x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 1.12x | 1.18x | 1.24x | | | | | |
| (x) LTM Revenue | 523,583 | 523,583 | 523,583 | | | | | |
| (=) Implied Enterprise Value | 585,768 | 616,598 | 647,428 | | | | | |
| (-) Non-shareholder Claims * | 84,793 | 84,793 | 84,793 | | | | | |
| (=) Equity Value | 670,562 | 701,392 | 732,222 | | | | | |
| (/) Shares Outstanding | 155,720.3 | 155,720.3 | 155,720.3 | | | | | |
| Implied Value Range | 4.31 | 4.50 | 4.70 | | | | | |
| FX Rate: CNY/EUR | 8.3 | 8.3 | 8.3 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.52 | 0.54 | 0.57 | | 0.53 | | | |
| Upside / (Downside) | -2.0% | 2.5% | 7.0% | | | | | |