이 페이지를 로드하는 동안 오류가 발생한 것 같습니다.
지원팀에 전달되었습니다. 만약 문제가 지속될 경우 이메일 지원 위젯을 통해 다시 문의 부탁드립니다.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBIT Multiple | 27.1x - 29.9x | 28.5x |
| Selected Fwd EBIT Multiple | 8.1x - 9.0x | 8.6x |
| Fair Value | $1.31 - $1.46 | $1.38 |
| Upside | 7.1% - 19.6% | 13.4% |
| Benchmarks | Ticker | Full Ticker |
| AIX Inc. | AIFU | NasdaqGS:AIFU |
| XChange TEC.INC | XHG | NasdaqCM:XHG |
| Huize Holding Limited | HUIZ | NasdaqGM:HUIZ |
| Cheche Group Inc. | CCG | NasdaqCM:CCG |
| Waterdrop Inc. | WDH | NYSE:WDH |
| Zhibao Technology Inc. | ZBAO | NasdaqCM:ZBAO |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| AIFU | XHG | HUIZ | CCG | WDH | ZBAO | ||
| NasdaqGS:AIFU | NasdaqCM:XHG | NasdaqGM:HUIZ | NasdaqCM:CCG | NYSE:WDH | NasdaqCM:ZBAO | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | -14.4% | NM- | NM- | NM- | NM- | NM- | |
| 3Y CAGR | -13.5% | NM- | NM- | NM- | NM- | NM- | |
| Latest Twelve Months | -60.4% | 41.2% | -141.1% | 60.3% | 2742.1% | 122.7% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 8.5% | -20.8% | -1.8% | -5.1% | -11.6% | -18.2% | |
| Prior Fiscal Year | 6.1% | NA | 4.3% | -5.1% | -0.3% | -31.4% | |
| Latest Fiscal Year | 6.1% | -4.8% | -1.7% | -1.9% | 6.4% | 5.5% | |
| Latest Twelve Months | 4.4% | -4.8% | -1.7% | -1.9% | 6.4% | 5.5% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | -0.10x | 0.50x | 0.05x | 0.13x | 0.04x | 1.70x | |
| EV / LTM EBITDA | -1.8x | -10.4x | -8.5x | -7.3x | 0.5x | 30.7x | |
| EV / LTM EBIT | -2.3x | -10.3x | -3.0x | -7.0x | 0.6x | 30.8x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | -10.3x | -3.0x | 0.6x | ||||
| Historical EV / LTM EBIT | 30.8x | 30.8x | 30.8x | ||||
| Selected EV / LTM EBIT | 27.1x | 28.5x | 29.9x | ||||
| (x) LTM EBIT | 10 | 10 | 10 | ||||
| (=) Implied Enterprise Value | 274 | 288 | 302 | ||||
| (-) Non-shareholder Claims * | (32) | (32) | (32) | ||||
| (=) Equity Value | 241 | 256 | 270 | ||||
| (/) Shares Outstanding | 31.5 | 31.5 | 31.5 | ||||
| Implied Value Range | 7.65 | 8.11 | 8.56 | ||||
| FX Rate: CNY/USD | 7.3 | 7.3 | 7.3 | Market Price | |||
| Implied Value Range (Trading Cur) | 1.05 | 1.12 | 1.18 | 1.22 | |||
| Upside / (Downside) | -13.7% | -8.5% | -3.4% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | AIFU | XHG | HUIZ | CCG | WDH | ZBAO | |
| Enterprise Value | (254) | 142 | (5) | 462 | 91 | 312 | |
| (+) Cash & Short Term Investments | 770 | 10 | 238 | 153 | 2,599 | 4 | |
| (+) Investments & Other | 9 | 0 | 67 | 0 | 1,114 | 0 | |
| (-) Debt | (206) | (33) | (91) | (81) | (244) | (36) | |
| (-) Other Liabilities | (228) | 0 | (21) | 0 | (76) | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 92 | 119 | 189 | 534 | 3,484 | 279 | |
| (/) Shares Outstanding | 56.7 | 20.5 | 9.9 | 77.8 | 368.9 | 31.5 | |
| Implied Stock Price | 1.62 | 5.81 | 19.03 | 6.86 | 9.44 | 8.86 | |
| FX Conversion Rate to Trading Currency | 7.26 | 7.26 | 7.26 | 7.26 | 7.26 | 7.26 | |
| Implied Stock Price (Trading Cur) | 0.22 | 0.80 | 2.62 | 0.95 | 1.30 | 1.22 | |
| Trading Currency | USD | USD | USD | USD | USD | USD | |
| FX Rate to Reporting Currency | 7.26 | 7.26 | 7.26 | 7.26 | 7.26 | 7.26 | |