| Select LTM Revenue Multiple | | | | | | | | |
| | | | | | | | |
| Benchmark Companies | | | |
| 2316 | 2647 | 9923 | 2598 | 603123 | | FTC | |
| SZSE:002316 | SZSE:002647 | SEHK:9923 | SEHK:2598 | SHSE:603123 | | ASX:FTC | |
| Historical Revenue Growth | | | | | | | | |
| 5Y CAGR | -31.3% | 3.9% | 6.5% | NM- | -22.4% | | 0.4% | |
| 3Y CAGR | -43.1% | -5.2% | 0.3% | 26.9% | -13.9% | | -6.3% | |
| Latest Twelve Months | -44.2% | -42.2% | -21.9% | 27.9% | -34.1% | | -15.2% | |
| | | | | | | | |
| Historical EBIT Profit Margin | | | | | | | | |
| 5 Year Average Margin | -1.3% | 2.1% | 4.7% | -28.5% | -2.3% | | 3.7% | |
| Prior Fiscal Year | 1.6% | 2.5% | 0.1% | -34.3% | -2.5% | | 13.1% | |
| Latest Fiscal Year | -2.4% | -1.3% | -0.4% | -34.1% | -25.0% | | -8.2% | |
| Latest Twelve Months | 3.4% | -4.9% | -0.4% | -34.1% | -24.8% | | -28.3% | |
| | | | | | | | |
| Current Trading Multiples | | | | | | | | |
| EV / LTM Revenue | 2.36x | 2.12x | 0.77x | 4.23x | 2.88x | | 0.75x | |
| EV / LTM EBIT | 69.5x | -43.6x | -177.9x | -12.4x | -11.6x | | -2.7x | |
| Price / LTM Sales | 2.51x | 5.90x | 1.03x | 4.54x | 3.02x | | 0.28x | |
| | | | | | | | |
| | | | | | | | |
| Low | Mid | High | | | | | |
| | | | | | | | |
| Benchmark EV / LTM Revenue | 0.77x | 2.36x | 4.23x | | | | | |
| Historical EV / LTM Revenue | 1.25x | 2.44x | 6.46x | | | | | |
| | | | | | | | |
| Selected EV / LTM Revenue | 0.92x | 0.97x | 1.02x | | | | | |
| (x) LTM Revenue | 42 | 42 | 42 | | | | | |
| (=) Implied Enterprise Value | 39 | 41 | 43 | | | | | |
| (-) Non-shareholder Claims * | (21) | (21) | (21) | | | | | |
| (=) Equity Value | 18 | 20 | 22 | | | | | |
| (/) Shares Outstanding | 650.8 | 650.8 | 650.8 | | | | | |
| Implied Value Range | 0.03 | 0.03 | 0.03 | | | | | |
| FX Rate: CNY/AUD | 4.6 | 4.6 | 4.6 | | Market Price | | | |
| Implied Value Range (Trading Cur) | 0.01 | 0.01 | 0.01 | | 0.01 | | | |
| Upside / (Downside) | 0.8% | 12.2% | 23.6% | | | | | |