| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 173 | 50 | 216 | 28 | 35 | | 88 | |
| SEHK:173 | SEHK:50 | SEHK:216 | SEHK:28 | SEHK:35 | | SEHK:88 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -7.6% | 7.2% | -5.7% | 6.3% | 8.3% | | -19.9% | |
| 3Y CAGR | -23.8% | 20.1% | -4.8% | 5.4% | 19.7% | | 18.1% | |
| Latest Twelve Months | 17.8% | 12.9% | -28.2% | 8.3% | -8.2% | | -72.5% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 27.7% | 31.7% | 35.9% | 24.5% | 12.5% | | -90.1% | |
| Prior Fiscal Year | 19.5% | 33.3% | 36.9% | 14.1% | 6.2% | | -74.2% | |
| Latest Fiscal Year | 15.2% | 27.9% | 42.2% | 11.3% | 10.7% | | -25.1% | |
| Latest Twelve Months | 15.2% | 27.9% | 40.6% | 11.3% | 7.7% | | -119.3% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.72x | -0.86x | 11.46x | 1.88x | 2.45x | | 13.83x | |
| EV / LTM EBIT | 11.3x | -3.1x | 28.2x | 16.6x | 31.9x | | -11.6x | |
| Price / LTM Sales | 0.81x | 3.58x | 0.46x | 2.16x | 0.27x | | 48.08x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | -0.86x | 1.88x | 11.46x | | | | | |
| Historical EV / LTM Revenue | -8.78x | 7.01x | 18.14x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 8.84x | 9.31x | 9.77x | | | | | |
| (x) LTM Revenue | 39 | 39 | 39 | | | | | |
| (=) Implied Enterprise Value | 347 | 366 | 384 | | | | | |
| (-) Non-shareholder Claims * | 1,346 | 1,346 | 1,346 | | | | | |
| (=) Equity Value | 1,693 | 1,712 | 1,730 | | | | | |
| (/) Shares Outstanding | 617.5 | 617.5 | 617.5 | | | | | |
| Implied Value Range | 2.74 | 2.77 | 2.80 | | | | | |
| FX Rate: HKD/HKD | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 2.74 | 2.77 | 2.80 | | 3.06 | | | |
| Upside / (Downside) | -10.4% | -9.4% | -8.4% | | | | | |