Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM Revenue Multiple | 6.8x - 7.5x | 7.2x |
| Selected Fwd Revenue Multiple | 7.3x - 8.1x | 7.7x |
| Fair Value | ¥68.75 - ¥75.66 | ¥72.20 |
| Upside | -13.3% - -4.6% | -8.9% |
| Benchmarks | Ticker | Full Ticker |
|---|---|---|
| Guangdong Dtech Technology Co., Ltd. | 301377 | SZSE:301377 |
| Qinchuan Machine Tool & Tool Group Share Co., Ltd. | 837 | SZSE:000837 |
| Sinomach Precision Industry Group Co., Ltd. | 2046 | SZSE:002046 |
| Changzhou Evergreen Technology Co., Ltd. | 1324 | SZSE:001324 |
| Shenzhen Inovance Technology Co.,Ltd | 300124 | SZSE:300124 |
| Zhejiang XiaSha Precision Manufacturing Co., Ltd. | 1306 | SZSE:001306 |
| Select LTM Revenue Multiple | ||||||||
| Benchmark Companies | ||||||||
| 301377 | 837 | 2046 | 1324 | 300124 | 1306 | |||
| SZSE:301377 | SZSE:000837 | SZSE:002046 | SZSE:001324 | SZSE:300124 | SZSE:001306 | |||
| Historical Revenue Growth | ||||||||
| 5Y CAGR | 20.1% | 3.4% | 6.1% | 9.5% | 38.9% | NM- | ||
| 3Y CAGR | 10.9% | -2.8% | 5.7% | 1.2% | 38.3% | 13.1% | ||
| Latest Twelve Months | 23.1% | -0.4% | -7.7% | -9.4% | 32.8% | NM | ||
| Historical EBIT Profit Margin | ||||||||
| 5 Year Average Margin | 17.6% | -1.2% | 6.0% | 13.8% | 15.6% | 13.6% | ||
| Prior Fiscal Year | 20.3% | 1.9% | 5.9% | 12.4% | 15.4% | 16.0% | ||
| Latest Fiscal Year | 15.7% | -0.4% | 9.9% | 11.9% | 13.8% | 12.7% | ||
| Latest Twelve Months | 12.8% | -1.3% | 7.8% | 10.7% | 12.4% | 9.0% | ||
| Current Trading Multiples | ||||||||
| EV / LTM Revenue | 7.10x | 3.92x | 3.44x | 4.33x | 5.03x | 7.79x | ||
| EV / LTM EBIT | 55.3x | -290.6x | 44.4x | 40.5x | 40.4x | 87.0x | ||
| Price / LTM Sales | 7.47x | 3.91x | 3.35x | 5.34x | 5.16x | 8.08x | ||
| Low | Mid | High | ||||||
| Benchmark EV / LTM Revenue | 3.44x | 4.33x | 7.10x | |||||
| Historical EV / LTM Revenue | 0.00x | NM | 0.00x | |||||
| Selected EV / LTM Revenue | 6.80x | 7.16x | 7.52x | |||||
| (x) LTM Revenue | 609 | 609 | 609 | |||||
| (=) Implied Enterprise Value | 4,141 | 4,359 | 4,577 | |||||
| (-) Non-shareholder Claims * | 190 | 190 | 190 | |||||
| (=) Equity Value | 4,332 | 4,550 | 4,767 | |||||
| (/) Shares Outstanding | 62.0 | 62.0 | 62.0 | |||||
| Implied Value Range | 69.86 | 73.38 | 76.89 | |||||
| FX Rate: CNY/CNY | 1.0 | 1.0 | 1.0 | Market Price | ||||
| Implied Value Range (Trading Cur) | 69.86 | 73.38 | 76.89 | 79.30 | ||||
| Upside / (Downside) | -11.9% | -7.5% | -3.0% | |||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | 301377 | 837 | 2046 | 1324 | 300124 | 1306 | |
| Enterprise Value | 10,808 | 14,918 | 8,763 | 2,038 | 179,515 | 4,726 | |
| (+) Cash & Short Term Investments | 750 | 1,556 | 551 | 488 | 4,514 | 414 | |
| (+) Investments & Other | 0 | 50 | 179 | 0 | 5,087 | 16 | |
| (-) Debt | (183) | (940) | (833) | (5) | (4,351) | (240) | |
| (-) Other Liabilities | (1) | (654) | (142) | (6) | (431) | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 11,373 | 14,930 | 8,518 | 2,514 | 184,334 | 4,917 | |
| (/) Shares Outstanding | 410.0 | 1,007.4 | 528.8 | 136.6 | 2,692.2 | 62.0 | |
| Implied Stock Price | 27.74 | 14.82 | 16.11 | 18.41 | 68.47 | 79.30 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 27.74 | 14.82 | 16.11 | 18.41 | 68.47 | 79.30 | |
| Trading Currency | CNY | CNY | CNY | CNY | CNY | CNY | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |