Er is iets misgegaan bij het laden van deze pagina.
Ons team heeft al een melding ontvangen, maar neem vooral contact op via de widget e-mailondersteuning als het probleem aanhoudt.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBIT Multiple | 11,2x - 12,4x | 11,8x |
| Selected Fwd EBIT Multiple | 8,7x - 9,6x | 9,1x |
| Fair Value | ¥15,41 - ¥16,65 | ¥16,03 |
| Upside | 26,7% - 36,9% | 31,8% |
| Benchmarks | Ticker | Full Ticker |
| Suzhou New District Hi-Tech Industrial Co.,Ltd | 600736 | SHSE:600736 |
| China Merchants Shekou Industrial Zone Holdings Co., Ltd. | 1979 | SZSE:001979 |
| Zhong An Intelligent Living Service Limited | 2271 | SEHK:2271 |
| Shunfa Hengneng Corporation | 631 | SZSE:000631 |
| China Jinmao Holdings Group Limited | 817 | SEHK:817 |
| China Merchants Property Operation & Service Co., Ltd. | 1914 | SZSE:001914 |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| 600736 | 1979 | 2271 | 631 | 817 | 1914 | ||
| SHSE:600736 | SZSE:001979 | SEHK:2271 | SZSE:000631 | SEHK:817 | SZSE:001914 | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | -40.9% | -12.8% | 5.4% | -18.2% | -17.4% | 12.5% | |
| 3Y CAGR | -39.6% | -26.5% | -12.7% | 15.0% | -29.4% | 13.8% | |
| Latest Twelve Months | -53.2% | -25.5% | -25.5% | -70.7% | 54.9% | 20.1% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 5.5% | 11.9% | 19.6% | 25.2% | 8.5% | 7.3% | |
| Prior Fiscal Year | 7.5% | 7.2% | 18.6% | 30.4% | 3.0% | 6.0% | |
| Latest Fiscal Year | 1.1% | 5.2% | 11.8% | 15.4% | 5.7% | 6.6% | |
| Latest Twelve Months | 3.5% | 5.2% | 11.8% | 12.3% | 5.7% | 6.6% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 5.29x | 1.86x | 0.51x | 1.93x | 1.88x | 0.53x | |
| EV / LTM EBITDA | 60.8x | 26.8x | 4.2x | 10.5x | 28.0x | 7.7x | |
| EV / LTM EBIT | 152.8x | 35.5x | 4.3x | 15.7x | 32.9x | 8.0x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | 4.3x | 32.9x | 152.8x | ||||
| Historical EV / LTM EBIT | 8.0x | 20.9x | 29.1x | ||||
| Selected EV / LTM EBIT | 11.2x | 11.8x | 12.4x | ||||
| (x) LTM EBIT | 1,131 | 1,131 | 1,131 | ||||
| (=) Implied Enterprise Value | 12,677 | 13,344 | 14,011 | ||||
| (-) Non-shareholder Claims * | 3,875 | 3,875 | 3,875 | ||||
| (=) Equity Value | 16,552 | 17,219 | 17,886 | ||||
| (/) Shares Outstanding | 1,059.4 | 1,059.4 | 1,059.4 | ||||
| Implied Value Range | 15.62 | 16.25 | 16.88 | ||||
| FX Rate: CNY/CNY | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 15.62 | 16.25 | 16.88 | 12.16 | |||
| Upside / (Downside) | 28.5% | 33.7% | 38.8% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | 600736 | 1979 | 2271 | 631 | 817 | 1914 | |
| Enterprise Value | 44,185 | 332,033 | 211 | 1,301 | 110,421 | 9,007 | |
| (+) Cash & Short Term Investments | 4,910 | 100,352 | 137 | 5,002 | 30,805 | 4,669 | |
| (+) Investments & Other | 6,126 | 78,183 | 0 | 35 | 59,408 | 305 | |
| (-) Debt | (40,672) | (247,935) | 0 | (0) | (130,879) | (948) | |
| (-) Other Liabilities | (8,355) | (175,738) | (1) | (67) | (54,703) | (151) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 6,194 | 86,895 | 347 | 6,271 | 15,052 | 12,882 | |
| (/) Shares Outstanding | 1,151.3 | 9,042.2 | 517.4 | 2,340.0 | 13,506.0 | 1,059.4 | |
| Implied Stock Price | 5.38 | 9.61 | 0.67 | 2.68 | 1.11 | 12.16 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 0.94 | 1.00 | 0.94 | 1.00 | |
| Implied Stock Price (Trading Cur) | 5.38 | 9.61 | 0.71 | 2.68 | 1.18 | 12.16 | |
| Trading Currency | CNY | CNY | HKD | CNY | HKD | CNY | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 0.94 | 1.00 | 0.94 | 1.00 | |