| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 600162 | 886 | 2016 | 600708 | 817 | | 600692 | |
| SHSE:600162 | SZSE:000886 | SZSE:002016 | SHSE:600708 | SEHK:817 | | SHSE:600692 | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -4.5% | -23.1% | -8.0% | -15.9% | 6.4% | | 12.2% | |
| 3Y CAGR | -12.8% | 1.1% | -19.3% | -16.9% | -13.1% | | 9.2% | |
| Latest Twelve Months | -29.4% | 69.9% | -31.0% | -44.6% | -18.4% | | -33.6% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | 13.6% | -46.5% | 30.8% | 5.9% | 8.0% | | 4.2% | |
| Prior Fiscal Year | 8.7% | -40.4% | 21.8% | 6.9% | 3.0% | | 1.7% | |
| Latest Fiscal Year | 10.8% | -78.9% | 19.5% | 0.9% | 5.7% | | 2.3% | |
| Latest Twelve Months | 3.8% | -58.4% | 3.2% | -4.0% | 5.7% | | 0.6% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 1.99x | 25.67x | 4.78x | 6.17x | 1.73x | | 3.05x | |
| EV / LTM EBIT | 52.4x | -43.9x | 149.8x | -155.5x | 75.2x | | 522.1x | |
| Price / LTM Sales | 1.48x | 33.60x | 4.73x | 1.32x | 0.25x | | 2.89x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 1.73x | 4.78x | 25.67x | | | | | |
| Historical EV / LTM Revenue | 1.17x | 1.99x | 4.75x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 2.59x | 2.72x | 2.86x | | | | | |
| (x) LTM Revenue | 976 | 976 | 976 | | | | | |
| (=) Implied Enterprise Value | 2,523 | 2,656 | 2,789 | | | | | |
| (-) Non-shareholder Claims * | (161) | (161) | (161) | | | | | |
| (=) Equity Value | 2,363 | 2,495 | 2,628 | | | | | |
| (/) Shares Outstanding | 351.8 | 351.8 | 351.8 | | | | | |
| Implied Value Range | 6.72 | 7.09 | 7.47 | | | | | |
| FX Rate: CNY/CNY | 1.0 | 1.0 | 1.0 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 6.72 | 7.09 | 7.47 | | 7.99 | | | |
| Upside / (Downside) | -15.9% | -11.2% | -6.5% | | | | | |