Beim Laden dieser Seite ist ein Fehler aufgetreten.
Unser Team wurde informiert. Bitte wenden Sie sich an uns per E-Mail-Support-Widget, wenn das Problem weiterhin besteht.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBITDA Multiple | 63,2x - 69,8x | 66,5x |
| Selected Fwd EBITDA Multiple | 44,3x - 49,0x | 46,7x |
| Fair Value | ¥12,85 - ¥13,80 | ¥13,32 |
| Upside | -24,7% - -19,1% | -21,9% |
| Benchmarks | Ticker | Full Ticker |
| Suzhou TFC Optical Communication Co., Ltd. | 300394 | SZSE:300394 |
| Skyworth Digital Co., Ltd. | 810 | SZSE:000810 |
| Chengdu Jiafaantai Education Technology Co.,Ltd. | 300559 | SZSE:300559 |
| Sumavision Technologies Co.,Ltd. | 300079 | SZSE:300079 |
| Shenzhen Sunway Communication Co., Ltd. | 300136 | SZSE:300136 |
| Qingdao Eastsoft Communication Technology Co.,Ltd | 300183 | SZSE:300183 |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| 300394 | 810 | 300559 | 300079 | 300136 | 300183 | ||
| SZSE:300394 | SZSE:000810 | SZSE:300559 | SZSE:300079 | SZSE:300136 | SZSE:300183 | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | 50.8% | -17.9% | -22.9% | -22.2% | -4.3% | -16.5% | |
| 3Y CAGR | 59.8% | -4.6% | -10.4% | -40.3% | 10.8% | -22.0% | |
| Latest Twelve Months | 50.3% | -73.9% | -72.0% | 257.0% | -9.1% | -5.5% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 40.9% | 5.2% | 23.5% | 10.9% | 13.5% | 14.3% | |
| Prior Fiscal Year | 44.2% | 5.6% | 24.6% | -4.1% | 13.2% | 7.5% | |
| Latest Fiscal Year | 47.1% | 3.4% | 14.0% | 5.5% | 11.9% | 6.3% | |
| Latest Twelve Months | 46.6% | 1.9% | 11.7% | 7.6% | 10.7% | 6.0% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 10.75x | 1.31x | 10.08x | 6.87x | 2.39x | 5.81x | |
| EV / LTM EBITDA | 23.1x | 69.3x | 86.3x | 90.4x | 22.4x | 96.0x | |
| EV / LTM EBIT | 25.1x | 177.9x | 246.3x | -135.3x | 49.0x | 209.6x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | 22.4x | 69.3x | 90.4x | ||||
| Historical EV / LTM EBITDA | 19.4x | 42.6x | 77.0x | ||||
| Selected EV / LTM EBITDA | 63.2x | 66.5x | 69.8x | ||||
| (x) LTM EBITDA | 64 | 64 | 64 | ||||
| (=) Implied Enterprise Value | 4,054 | 4,268 | 4,481 | ||||
| (-) Non-shareholder Claims * | 1,785 | 1,785 | 1,785 | ||||
| (=) Equity Value | 5,840 | 6,053 | 6,266 | ||||
| (/) Shares Outstanding | 462.6 | 462.6 | 462.6 | ||||
| Implied Value Range | 12.62 | 13.08 | 13.55 | ||||
| FX Rate: CNY/CNY | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 12.62 | 13.08 | 13.55 | 17.06 | |||
| Upside / (Downside) | -26.0% | -23.3% | -20.6% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | 300394 | 810 | 300559 | 300079 | 300136 | 300183 | |
| Enterprise Value | 36,989 | 10,637 | 3,645 | 4,715 | 20,791 | 6,107 | |
| (+) Cash & Short Term Investments | 2,520 | 3,241 | 627 | 2,301 | 1,776 | 1,767 | |
| (+) Investments & Other | 7 | 256 | 64 | 721 | 554 | 25 | |
| (-) Debt | (46) | (877) | 0 | 0 | (3,205) | (4) | |
| (-) Other Liabilities | (7) | 20 | (18) | (2) | (1) | (2) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 39,465 | 13,277 | 4,319 | 7,735 | 19,916 | 7,892 | |
| (/) Shares Outstanding | 554.0 | 1,141.6 | 399.5 | 1,424.5 | 952.5 | 462.6 | |
| Implied Stock Price | 71.24 | 11.63 | 10.81 | 5.43 | 20.91 | 17.06 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 71.24 | 11.63 | 10.81 | 5.43 | 20.91 | 17.06 | |
| 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 | |