| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 300075 | 34 | 300605 | 2368 | 2421 | | 603881 | |
| SZSE:300075 | SZSE:000034 | SZSE:300605 | SZSE:002368 | SZSE:002421 | | SHSE:603881 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -1.2% | 8.1% | -1.6% | 8.9% | 8.7% | | 18.8% | |
| 3Y CAGR | -5.0% | 1.6% | -1.2% | 2.5% | 6.1% | | 11.4% | |
| Latest Twelve Months | -42.4% | 7.1% | -47.8% | -5.1% | -18.4% | | 11.6% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 10.2% | 1.5% | 7.0% | 4.6% | 3.9% | | 22.5% | |
| Prior Fiscal Year | 15.1% | 1.7% | 8.7% | 4.7% | 3.3% | | 20.4% | |
| Latest Fiscal Year | 8.2% | 1.9% | 3.8% | 4.9% | 3.1% | | 21.7% | |
| Latest Twelve Months | -9.1% | 1.9% | -15.4% | 2.5% | 1.8% | | 21.7% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 10.83x | 0.31x | 9.81x | 2.01x | 3.05x | | 12.39x | |
| EV / LTM EBIT | -118.6x | 16.0x | -63.6x | 79.6x | 169.8x | | 57.0x | |
| Price / LTM Sales | 12.70x | 0.22x | 8.49x | 1.85x | 2.39x | | 11.47x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.31x | 3.05x | 10.83x | | | | | |
| Historical EV / LTM Revenue | 7.14x | 12.39x | 18.47x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 11.50x | 12.10x | 12.71x | | | | | |
| (x) LTM Revenue | 1,721 | 1,721 | 1,721 | | | | | |
| (=) Implied Enterprise Value | 19,777 | 20,818 | 21,859 | | | | | |
| (-) Non-shareholder Claims * | (1,574) | (1,574) | (1,574) | | | | | |
| (=) Equity Value | 18,203 | 19,244 | 20,285 | | | | | |
| (/) Shares Outstanding | 598.6 | 598.6 | 598.6 | | | | | |
| Implied Value Range | 30.41 | 32.15 | 33.88 | | | | | |
| FX Rate: CNY/CNY | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 30.41 | 32.15 | 33.88 | | 32.97 | | | |
| Upside / (Downside) | -7.8% | -2.5% | 2.8% | | | | | |