看來載入頁面時發生了錯誤.
我們的團隊已收到通知，但若此問題持續，請透過電郵支援widget工具聯絡我們。
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBITDA Multiple | 17.6x - 19.4x | 18.5x |
| Selected Fwd EBITDA Multiple | 21.8x - 24.1x | 23.0x |
| Fair Value | ¥15.77 - ¥17.75 | ¥16.76 |
| Upside | -1.4% - 11.0% | 4.8% |
| Benchmarks | Ticker | Full Ticker |
| Hubei Three Gorges Tourism Group Co., Ltd. | 2627 | SZSE:002627 |
| Beijing Changjiu Logistics Co.,Ltd | 603569 | SHSE:603569 |
| Sichuan Fulin Transportation Group Co., Ltd. | 2357 | SZSE:002357 |
| Full Truck Alliance Co. Ltd. | YMM | NYSE:YMM |
| Shanghai Tianchen Co.,Ltd | 600620 | SHSE:600620 |
| Guangdong Jushen Logistics Co., Ltd. | 1202 | SZSE:001202 |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| 2627 | 603569 | 2357 | YMM | 600620 | 1202 | ||
| SZSE:002627 | SHSE:603569 | SZSE:002357 | NYSE:YMM | SHSE:600620 | SZSE:001202 | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | -3.4% | -18.6% | -7.6% | NM- | NM- | 15.6% | |
| 3Y CAGR | -6.0% | -16.1% | 3.8% | NM- | NM- | -4.3% | |
| Latest Twelve Months | 27.3% | 37.4% | -38.0% | 122.9% | -92.4% | 25.3% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 11.6% | 6.6% | 19.3% | -38.1% | -19.1% | 11.5% | |
| Prior Fiscal Year | 4.0% | 3.6% | 16.3% | 13.6% | 21.7% | 7.4% | |
| Latest Fiscal Year | 11.5% | 6.0% | 17.8% | 22.7% | 19.7% | 11.5% | |
| Latest Twelve Months | 23.2% | 7.2% | 13.1% | 22.7% | 5.5% | 14.8% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 3.19x | 1.41x | 1.89x | 5.82x | 16.36x | 2.48x | |
| EV / LTM EBITDA | 13.7x | 19.7x | 14.5x | 25.6x | 297.1x | 16.7x | |
| EV / LTM EBIT | 32.5x | 64.6x | -54.8x | 26.4x | -102.8x | 21.8x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | 13.7x | 19.7x | 297.1x | ||||
| Historical EV / LTM EBITDA | 20.5x | 21.8x | 28.4x | ||||
| Selected EV / LTM EBITDA | 17.6x | 18.5x | 19.4x | ||||
| (x) LTM EBITDA | 144 | 144 | 144 | ||||
| (=) Implied Enterprise Value | 2,536 | 2,669 | 2,802 | ||||
| (-) Non-shareholder Claims * | (382) | (382) | (382) | ||||
| (=) Equity Value | 2,153 | 2,287 | 2,420 | ||||
| (/) Shares Outstanding | 126.3 | 126.3 | 126.3 | ||||
| Implied Value Range | 17.05 | 18.10 | 19.16 | ||||
| FX Rate: CNY/CNY | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 17.05 | 18.10 | 19.16 | 15.99 | |||
| Upside / (Downside) | 6.6% | 13.2% | 19.8% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | 2627 | 603569 | 2357 | YMM | 600620 | 1202 | |
| Enterprise Value | 2,883 | 5,853 | 1,642 | 68,898 | 2,877 | 2,402 | |
| (+) Cash & Short Term Investments | 1,381 | 551 | 111 | 20,813 | 348 | 107 | |
| (+) Investments & Other | 116 | 593 | 1,251 | 9,876 | 663 | 0 | |
| (-) Debt | (382) | (1,964) | (543) | (65) | (379) | (489) | |
| (-) Other Liabilities | (237) | (295) | (72) | (458) | 0 | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 3,761 | 4,738 | 2,389 | 99,064 | 3,509 | 2,020 | |
| (/) Shares Outstanding | 699.0 | 603.5 | 313.5 | 1,045.8 | 686.7 | 126.3 | |
| Implied Stock Price | 5.38 | 7.85 | 7.62 | 94.73 | 5.11 | 15.99 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 7.28 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 5.38 | 7.85 | 7.62 | 13.01 | 5.11 | 15.99 | |
| Trading Currency | CNY | CNY | CNY | USD | CNY | CNY | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 7.28 | 1.00 | 1.00 | |