| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 2013 | 9669 | 300302 | 688095 | 688109 | | 300096 | |
| SEHK:2013 | SEHK:9669 | SZSE:300302 | SHSE:688095 | SHSE:688109 | | SZSE:300096 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -1.4% | 17.5% | -1.4% | 14.0% | 9.6% | | 1.8% | |
| 3Y CAGR | -12.0% | 15.4% | 1.9% | 9.5% | -2.0% | | -8.8% | |
| Latest Twelve Months | -39.9% | 11.3% | 5.3% | 16.5% | 2.7% | | -8.8% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -40.7% | -50.8% | 5.0% | -0.9% | 1.2% | | -13.3% | |
| Prior Fiscal Year | -33.9% | -54.3% | 8.6% | -20.5% | -1.8% | | -54.6% | |
| Latest Fiscal Year | -82.6% | -46.1% | -10.9% | -5.8% | 6.6% | | -9.1% | |
| Latest Twelve Months | -82.6% | -27.1% | 9.7% | -5.8% | 6.6% | | -8.2% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 4.28x | 1.95x | 17.08x | 5.33x | 4.23x | | 2.19x | |
| EV / LTM EBIT | -5.2x | -7.2x | 176.0x | -91.3x | 63.6x | | -26.8x | |
| Price / LTM Sales | 4.11x | 3.69x | 16.71x | 8.07x | 4.88x | | 2.64x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 1.95x | 4.28x | 17.08x | | | | | |
| Historical EV / LTM Revenue | 3.05x | 3.71x | 5.25x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 3.44x | 3.63x | 3.81x | | | | | |
| (x) LTM Revenue | 656 | 656 | 656 | | | | | |
| (=) Implied Enterprise Value | 2,258 | 2,377 | 2,496 | | | | | |
| (-) Non-shareholder Claims * | 299 | 299 | 299 | | | | | |
| (=) Equity Value | 2,557 | 2,676 | 2,795 | | | | | |
| (/) Shares Outstanding | 430.0 | 430.0 | 430.0 | | | | | |
| Implied Value Range | 5.95 | 6.22 | 6.50 | | | | | |
| FX Rate: CNY/CNY | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 5.95 | 6.22 | 6.50 | | 4.08 | | | |
| Upside / (Downside) | 45.8% | 52.5% | 59.3% | | | | | |