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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Revenue Multiple | 0.3x - 0.4x | 0.3x |
Selected Fwd Revenue Multiple | 0.3x - 0.3x | 0.3x |
Fair Value | $2.04 - $2.22 | $2.13 |
Upside | 19.2% - 29.6% | 24.4% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
Luduson G Inc. | LDSN | OTCPK:LDSN |
Network CN Inc. | NWCN | OTCPK:NWCN |
QMMM Holdings Limited | QMMM | NasdaqCM:QMMM |
Everbright Digital Holding Limited | EDHL | NasdaqCM:EDHL |
Liberty Broadband Corporation | LBRD.A | NasdaqGS:LBRD.A |
ZW Data Action Technologies Inc. | CNET | NasdaqCM:CNET |
Select LTM Revenue Multiple | ||||||||
Benchmark Companies | ||||||||
LDSN | NWCN | QMMM | EDHL | LBRD.A | CNET | |||
OTCPK:LDSN | OTCPK:NWCN | NasdaqCM:QMMM | NasdaqCM:EDHL | NasdaqGS:LBRD.A | NasdaqCM:CNET | |||
Historical Revenue Growth | ||||||||
5Y CAGR | NM- | NM- | NM- | NM- | 132.4% | -23.3% | ||
3Y CAGR | NM- | NM- | -8.8% | NM- | 0.9% | -31.2% | ||
Latest Twelve Months | 733.3% | 24.3% | -3.9% | -2.3% | 5.8% | -51.2% | ||
Historical EBIT Profit Margin | ||||||||
5 Year Average Margin | 88.9% | -680.9% | -16.4% | 38.1% | -26.6% | -21.6% | ||
Prior Fiscal Year | NA | -593.8% | -46.5% | 38.3% | 7.4% | -15.6% | ||
Latest Fiscal Year | 89.2% | -257.1% | -58.0% | 18.7% | 9.1% | -24.3% | ||
Latest Twelve Months | 87.9% | -144.4% | -58.0% | 18.7% | 10.3% | -25.2% | ||
Current Trading Multiples | ||||||||
EV / LTM Revenue | 0.40x | 8.12x | 37.38x | 55.07x | 4.32x | 0.23x | ||
EV / LTM EBIT | 0.5x | -5.6x | -64.4x | 294.8x | 41.9x | -0.9x | ||
Price / LTM Sales | 0.41x | 0.01x | 37.53x | 55.22x | 13.10x | 0.30x | ||
Low | Mid | High | ||||||
Benchmark EV / LTM Revenue | 0.40x | 8.12x | 55.07x | |||||
Historical EV / LTM Revenue | 0.14x | 0.42x | 0.76x | |||||
Selected EV / LTM Revenue | 0.32x | 0.34x | 0.36x | |||||
(x) LTM Revenue | 14 | 14 | 14 | |||||
(=) Implied Enterprise Value | 4 | 5 | 5 | |||||
(-) Non-shareholder Claims * | 1 | 1 | 1 | |||||
(=) Equity Value | 5 | 6 | 6 | |||||
(/) Shares Outstanding | 2.7 | 2.7 | 2.7 | |||||
Implied Value Range | 2.00 | 2.09 | 2.17 | |||||
FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 2.00 | 2.09 | 2.17 | 1.71 | ||||
Upside / (Downside) | 17.0% | 22.1% | 27.2% |
Equity Waterfall | |||||||
Benchmark Companies | |||||||
(in millions) | LDSN | NWCN | QMMM | EDHL | LBRD.A | CNET | |
Enterprise Value | 5 | 5 | 99 | 114 | 4,475 | 4 | |
(+) Cash & Short Term Investments | 0 | 0 | 1 | 0 | 226 | 1 | |
(+) Investments & Other | 0 | 0 | 0 | 0 | 13,060 | 0 | |
(-) Debt | 0 | (5) | (0) | 0 | (4,161) | (0) | |
(-) Other Liabilities | 0 | 0 | 0 | 0 | (15) | (0) | |
(-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
(-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
Value of Common Equity | 5 | 0 | 99 | 115 | 13,585 | 5 | |
(/) Shares Outstanding | 563.5 | 27.1 | 57.2 | 26.7 | 143.3 | 2.7 | |
Implied Stock Price | 0.01 | 0.00 | 1.73 | 4.30 | 94.78 | 1.71 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 0.01 | 0.00 | 1.73 | 4.30 | 94.78 | 1.71 | |
Trading Currency | USD | USD | USD | USD | USD | USD | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |