Sayfa yüklenirken bir hata oluştu.
Teknik ekibimiz bilgilendirildi, ancak sorunun devam etmesi durumunda lütfen e-posta destek widget ile bize ulaşın.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM Revenue Multiple | 1,2x - 1,3x | 1,2x |
| Selected Fwd Revenue Multiple | 1,0x - 1,1x | 1,1x |
| Fair Value | ¥6,76 - ¥7,21 | ¥6,98 |
| Upside | 2,6% - 9,4% | 6,0% |
| Benchmarks | Ticker | Full Ticker |
|---|---|---|
| Guangshen Railway Company Limited | 601333 | SHSE:601333 |
| China Railway Special Cargo Logistics Co., Ltd. | 1213 | SZSE:001213 |
| Full Truck Alliance Co. Ltd. | YMM | NYSE:YMM |
| Deewin Tianxia Co., Ltd | 2418 | SEHK:2418 |
| Sichuan Fulin Transportation Group Co., Ltd. | 2357 | SZSE:002357 |
| Daqin Railway Co., Ltd. | 601006 | SHSE:601006 |
| Select LTM Revenue Multiple | ||||||||
| Benchmark Companies | ||||||||
| 601333 | 1213 | YMM | 2418 | 2357 | 601006 | |||
| SHSE:601333 | SZSE:001213 | NYSE:YMM | SEHK:2418 | SZSE:002357 | SHSE:601006 | |||
| Historical Revenue Growth | ||||||||
| 5Y CAGR | 5.7% | 6.3% | 35.4% | NM- | -2.1% | 0.7% | ||
| 3Y CAGR | 17.0% | 8.1% | 34.1% | -1.5% | 11.2% | 3.7% | ||
| Latest Twelve Months | 13.3% | 7.5% | 33.2% | 2.9% | 2.0% | -3.0% | ||
| Historical EBIT Profit Margin | ||||||||
| 5 Year Average Margin | -3.4% | 5.4% | -39.5% | 10.2% | 2.3% | 18.8% | ||
| Prior Fiscal Year | -13.0% | 4.2% | 12.7% | 10.6% | -1.0% | 18.6% | ||
| Latest Fiscal Year | 5.8% | 6.0% | 22.0% | 7.1% | 2.1% | 18.9% | ||
| Latest Twelve Months | 6.7% | 5.9% | 22.0% | 7.5% | -3.5% | 15.2% | ||
| Current Trading Multiples | ||||||||
| EV / LTM Revenue | 0.73x | 1.19x | 6.30x | 2.62x | 1.92x | 1.08x | ||
| EV / LTM EBIT | 10.8x | 20.1x | 28.6x | 35.0x | -55.5x | 7.1x | ||
| Price / LTM Sales | 0.74x | 1.67x | 8.98x | 1.27x | 2.78x | 1.75x | ||
| Low | Mid | High | ||||||
| Benchmark EV / LTM Revenue | 0.73x | 1.92x | 6.30x | |||||
| Historical EV / LTM Revenue | 0.77x | 0.89x | 1.25x | |||||
| Selected EV / LTM Revenue | 1.15x | 1.21x | 1.27x | |||||
| (x) LTM Revenue | 75,437 | 75,437 | 75,437 | |||||
| (=) Implied Enterprise Value | 86,793 | 91,361 | 95,929 | |||||
| (-) Non-shareholder Claims * | 51,057 | 51,057 | 51,057 | |||||
| (=) Equity Value | 137,850 | 142,418 | 146,986 | |||||
| (/) Shares Outstanding | 20,147.2 | 20,147.2 | 20,147.2 | |||||
| Implied Value Range | 6.84 | 7.07 | 7.30 | |||||
| FX Rate: CNY/CNY | 1.0 | 1.0 | 1.0 | Market Price | ||||
| Implied Value Range (Trading Cur) | 6.84 | 7.07 | 7.30 | 6.59 | ||||
| Upside / (Downside) | 3.8% | 7.3% | 10.7% | |||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | 601333 | 1213 | YMM | 2418 | 2357 | 601006 | |
| Enterprise Value | 21,546 | 12,924 | 70,720 | 7,565 | 1,661 | 81,713 | |
| (+) Cash & Short Term Investments | 2,332 | 5,246 | 20,813 | 1,585 | 111 | 63,159 | |
| (+) Investments & Other | 781 | 183 | 9,876 | 7 | 1,251 | 26,741 | |
| (-) Debt | (2,880) | (220) | (65) | (5,489) | (543) | (23,255) | |
| (-) Other Liabilities | 39 | 0 | (458) | 0 | (72) | (15,589) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 21,817 | 18,133 | 100,886 | 3,668 | 2,408 | 132,770 | |
| (/) Shares Outstanding | 7,083.5 | 4,444.4 | 1,045.8 | 2,181.4 | 313.5 | 20,147.2 | |
| Implied Stock Price | 3.08 | 4.08 | 96.47 | 1.68 | 7.68 | 6.59 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 7.26 | 0.93 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 3.08 | 4.08 | 13.28 | 1.80 | 7.68 | 6.59 | |
| Trading Currency | CNY | CNY | USD | HKD | CNY | CNY | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 7.26 | 0.93 | 1.00 | 1.00 | |