| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 600100 | 600130 | 2152 | 688636 | 2912 | | 600601 | |
| SHSE:600100 | SHSE:600130 | SZSE:002152 | SHSE:688636 | SZSE:002912 | | SHSE:600601 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | 3.0% | -7.2% | 10.8% | 10.9% | -6.2% | | -11.2% | |
| 3Y CAGR | 3.6% | -16.4% | 17.0% | -0.9% | -1.7% | | -19.2% | |
| Latest Twelve Months | -28.5% | -35.6% | 20.1% | -33.9% | 0.8% | | -12.3% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -0.3% | -0.2% | 12.5% | 18.8% | -1.4% | | -0.8% | |
| Prior Fiscal Year | -0.1% | 1.0% | 11.7% | 11.0% | 7.9% | | -4.7% | |
| Latest Fiscal Year | -0.1% | -0.5% | 11.6% | 3.5% | 9.3% | | 5.0% | |
| Latest Twelve Months | -0.1% | -6.5% | 11.6% | 3.5% | 9.3% | | 7.0% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.32x | 5.40x | 2.57x | 10.64x | 5.44x | | 6.42x | |
| EV / LTM EBIT | -1177.6x | -82.9x | 22.1x | 303.4x | 58.4x | | 91.2x | |
| Price / LTM Sales | 1.33x | 7.85x | 3.05x | 10.50x | 7.02x | | 6.57x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 1.32x | 5.40x | 10.64x | | | | | |
| Historical EV / LTM Revenue | 1.37x | 1.80x | 3.03x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 3.83x | 4.03x | 4.23x | | | | | |
| (x) LTM Revenue | 3,322 | 3,322 | 3,322 | | | | | |
| (=) Implied Enterprise Value | 12,723 | 13,393 | 14,062 | | | | | |
| (-) Non-shareholder Claims * | 491 | 491 | 491 | | | | | |
| (=) Equity Value | 13,214 | 13,884 | 14,554 | | | | | |
| (/) Shares Outstanding | 4,170.3 | 4,170.3 | 4,170.3 | | | | | |
| Implied Value Range | 3.17 | 3.33 | 3.49 | | | | | |
| FX Rate: CNY/CNY | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 3.17 | 3.33 | 3.49 | | 5.19 | | | |
| Upside / (Downside) | -38.9% | -35.9% | -32.8% | | | | | |