| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 2159 | 300144 | 9922 | 603136 | 603099 | | 300859 | |
| SZSE:002159 | SZSE:300144 | SEHK:9922 | SHSE:603136 | SHSE:603099 | | SZSE:300859 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 2.1% | -9.7% | 17.7% | 5.2% | 6.0% | | 9.7% | |
| 3Y CAGR | 21.1% | 28.7% | 13.3% | 19.0% | 61.4% | | 81.3% | |
| Latest Twelve Months | 13.5% | 37.6% | 1.5% | -6.8% | 35.1% | | 11.7% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 13.5% | 21.8% | 9.6% | 20.3% | -9.7% | | 9.8% | |
| Prior Fiscal Year | -27.3% | -50.4% | 12.0% | 3.7% | -37.8% | | -8.4% | |
| Latest Fiscal Year | 38.9% | 51.2% | 5.2% | 32.6% | 29.8% | | 38.2% | |
| Latest Twelve Months | 37.1% | 50.8% | 5.2% | 25.7% | 26.7% | | 34.7% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 3.34x | 8.75x | 0.75x | 5.23x | 12.10x | | 17.68x | |
| EV / LTM EBIT | 9.0x | 17.2x | 14.4x | 20.3x | 45.3x | | 51.0x | |
| Price / LTM Sales | 3.85x | 10.52x | 0.60x | 5.78x | 12.41x | | 18.72x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.75x | 5.23x | 12.10x | | | | | |
| Historical EV / LTM Revenue | 14.23x | 21.63x | 46.61x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 19.12x | 20.13x | 21.13x | | | | | |
| (x) LTM Revenue | 306 | 306 | 306 | | | | | |
| (=) Implied Enterprise Value | 5,860 | 6,169 | 6,477 | | | | | |
| (-) Non-shareholder Claims * | 317 | 317 | 317 | | | | | |
| (=) Equity Value | 6,177 | 6,486 | 6,794 | | | | | |
| (/) Shares Outstanding | 155.0 | 155.0 | 155.0 | | | | | |
| Implied Value Range | 39.85 | 41.84 | 43.83 | | | | | |
| FX Rate: CNY/CNY | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 39.85 | 41.84 | 43.83 | | 37.01 | | | |
| Upside / (Downside) | 7.7% | 13.1% | 18.4% | | | | | |