Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBIT Multiple | 25.9x - 28.6x | 27.2x |
| Selected Fwd EBIT Multiple | 11.1x - 12.2x | 11.6x |
| Fair Value | $0.73 - $0.80 | $0.77 |
| Upside | -9.4% - -1.0% | -5.2% |
| Benchmarks | Ticker | Full Ticker |
| Beijing Sinnet Technology Co.,Ltd | 300383 | SZSE:300383 |
| Range Intelligent Computing Technology Group Company Limited | 300442 | SZSE:300442 |
| Edensoft Holdings Limited | 1147 | SEHK:1147 |
| iSoftStone Information Technology (Group) Co., Ltd. | 301236 | SZSE:301236 |
| Fujian Boss Software Corp. | 300525 | SZSE:300525 |
| Chinasoft International Limited | CFTL.F | OTCPK:CFTL.F |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| 300383 | 300442 | 1147 | 301236 | 300525 | CFTL.F | ||
| SZSE:300383 | SZSE:300442 | SEHK:1147 | SZSE:301236 | SZSE:300525 | OTCPK:CFTL.F | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | -13.6% | 44.3% | -16.0% | -33.2% | 20.8% | -14.7% | |
| 3Y CAGR | -21.9% | 30.2% | -10.6% | -55.4% | 9.6% | -22.0% | |
| Latest Twelve Months | -34.7% | 2.3% | 1245.2% | 127.4% | -1.8% | -22.8% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 10.4% | 43.9% | 0.3% | 3.5% | 14.7% | 4.2% | |
| Prior Fiscal Year | 7.9% | 42.2% | 0.1% | 2.3% | 17.5% | 2.9% | |
| Latest Fiscal Year | 6.8% | 47.2% | 1.0% | 0.3% | 16.2% | 2.2% | |
| Latest Twelve Months | 5.6% | 44.7% | 1.0% | 0.6% | 16.3% | 2.2% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 4.04x | 20.56x | 0.15x | 1.68x | 5.35x | 0.60x | |
| EV / LTM EBITDA | 25.0x | 32.8x | 14.8x | 97.2x | 30.2x | 20.5x | |
| EV / LTM EBIT | 71.9x | 46.0x | 15.1x | 272.5x | 32.8x | 26.8x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | 15.1x | 46.0x | 272.5x | ||||
| Historical EV / LTM EBIT | 20.3x | 26.1x | 27.6x | ||||
| Selected EV / LTM EBIT | 25.9x | 27.2x | 28.6x | ||||
| (x) LTM EBIT | 380 | 380 | 380 | ||||
| (=) Implied Enterprise Value | 9,820 | 10,336 | 10,853 | ||||
| (-) Non-shareholder Claims * | 1,645 | 1,645 | 1,645 | ||||
| (=) Equity Value | 11,464 | 11,981 | 12,498 | ||||
| (/) Shares Outstanding | 2,490.2 | 2,490.2 | 2,490.2 | ||||
| Implied Value Range | 4.60 | 4.81 | 5.02 | ||||
| FX Rate: CNY/USD | 7.2 | 7.2 | 7.2 | Market Price | |||
| Implied Value Range (Trading Cur) | 0.64 | 0.67 | 0.70 | 0.81 | |||
| Upside / (Downside) | -21.2% | -17.7% | -14.1% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | 300383 | 300442 | 1147 | 301236 | 300525 | CFTL.F | |
| Enterprise Value | 28,614 | 93,883 | 169 | 54,918 | 11,444 | 12,909 | |
| (+) Cash & Short Term Investments | 2,476 | 5,589 | 95 | 4,812 | 1,200 | 3,916 | |
| (+) Investments & Other | 74 | 166 | 0 | 465 | 248 | 2,333 | |
| (-) Debt | (5,485) | (19,447) | (41) | (6,863) | (392) | (4,582) | |
| (-) Other Liabilities | (548) | (2,329) | 0 | (63) | (545) | (23) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 25,130 | 77,863 | 222 | 53,269 | 11,954 | 14,554 | |
| (/) Shares Outstanding | 1,797.6 | 1,721.5 | 2,044.9 | 952.9 | 751.4 | 2,490.2 | |
| Implied Stock Price | 13.98 | 45.23 | 0.11 | 55.90 | 15.91 | 5.84 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 0.92 | 1.00 | 1.00 | 7.21 | |
| Implied Stock Price (Trading Cur) | 13.98 | 45.23 | 0.12 | 55.90 | 15.91 | 0.81 | |
| Trading Currency | CNY | CNY | HKD | CNY | CNY | USD | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 0.92 | 1.00 | 1.00 | 7.21 | |