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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | -2.0x - -2.2x | -2.1x |
Selected Fwd P/E Multiple | -73.4x - -81.1x | -77.2x |
Fair Value | $2.24 - $2.47 | $2.36 |
Upside | 17.2% - 29.5% | 23.4% |
Benchmarks | - | Full Ticker |
111, Inc. | - | NasdaqGM:YI |
Ping An Healthcare and Technology Company Limited | - | OTCPK:PIAH.Y |
JD Health International Inc. | - | OTCPK:JDHI.Y |
Dingdong (Cayman) Limited | - | NYSE:DDL |
Lianhua Supermarket Holdings Co., Ltd. | - | OTCPK:LHUA.F |
Dada Nexus Limited | - | NasdaqGS:DADA |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
YI | PIAH.Y | JDHI.Y | DDL | LHUA.F | DADA | |||
NasdaqGM:YI | OTCPK:PIAH.Y | OTCPK:JDHI.Y | NYSE:DDL | OTCPK:LHUA.F | NasdaqGS:DADA | |||
Historical Net Income Growth | ||||||||
5Y CAGR | NM- | NM- | NM- | NM- | NM- | NM- | ||
3Y CAGR | NM- | NM- | NM- | NM- | NM- | NM- | ||
Latest Twelve Months | 83.5% | 125.2% | 94.3% | 523.3% | 54.7% | -4.1% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | -4.1% | -11.3% | -17.4% | -16.0% | -1.5% | -26.9% | ||
Prior Fiscal Year | -2.6% | -6.9% | 4.0% | -3.4% | -3.6% | -18.6% | ||
Latest Fiscal Year | -0.4% | 1.7% | 7.2% | -0.5% | -1.8% | -21.1% | ||
Latest Twelve Months | -0.4% | 1.7% | 7.2% | 0.9% | -1.8% | -21.1% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 54.3x | -15.2x | 36.2x | 9.8x | 1.9x | -1.1x | ||
Price / LTM Sales | 0.0x | 3.1x | 1.7x | 0.2x | 0.0x | 0.4x | ||
LTM P/E Ratio | -8.1x | 180.2x | 23.8x | 20.8x | -1.1x | -1.8x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | -8.1x | 20.8x | 180.2x | |||||
Historical LTM P/E Ratio | -24.1x | -5.9x | -1.8x | |||||
Selected P/E Multiple | -2.0x | -2.1x | -2.2x | |||||
(x) LTM Net Income | (2,039) | (2,039) | (2,039) | |||||
(=) Equity Value | 3,984 | 4,193 | 4,403 | |||||
(/) Shares Outstanding | 259.8 | 259.8 | 259.8 | |||||
Implied Value Range | 15.33 | 16.14 | 16.95 | |||||
FX Rate: CNY/USD | 7.3 | 7.3 | 7.3 | Market Price | ||||
Implied Value Range (Trading Cur) | 2.11 | 2.22 | 2.33 | 1.91 | ||||
Upside / (Downside) | 10.3% | 16.1% | 21.9% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | YI | PIAH.Y | JDHI.Y | DDL | LHUA.F | DADA | |
Value of Common Equity | 528 | 24,721 | 124,876 | 4,399 | 253 | 3,613 | |
(/) Shares Outstanding | 8.6 | 1,515.7 | 4,501.4 | 217.3 | 777.6 | 259.8 | |
Implied Stock Price | 61.67 | 16.31 | 27.74 | 20.24 | 0.33 | 13.91 | |
FX Conversion Rate to Trading Currency | 7.28 | 7.28 | 7.28 | 7.28 | 7.28 | 7.28 | |
Implied Stock Price (Trading Cur) | 8.47 | 2.24 | 3.81 | 2.78 | 0.04 | 1.91 | |
Trading Currency | USD | USD | USD | USD | USD | USD | |
FX Rate to Reporting Currency | 7.28 | 7.28 | 7.28 | 7.28 | 7.28 | 7.28 |