Definitive Analysis
| Winsorized Fair Value | |
|---|---|
| Range (Low - High) | $68.61 — $140.49 |
| Selected (Average) | $107.26 |
| Upside to Live | -58.74% |
| Full Range Fair Value | |
| Range (Low - High) | $88.56 — $204.77 |
| Selected (Average) | $134.15 |
| Upside to Live | -48.40% |
| Live Price | $259.96 |
| Ticker | Rank | Name | Rev TTM (M) | Trailing P/E | Forward P/E | Trailing EV/EBITDA | Forward EV/EBITDA | Trailing EV/EBIT | Forward EV/EBIT |
|---|---|---|---|---|---|---|---|---|---|
| AAPL | 1 | Apple Inc. | 416,161 | 34.09 | 29.83 | 26.86 | 23.90 | 30.05 | 25.48 |
| SSUN.F | 2 | Samsung Electronic | 213,751 | 337.49 | 311.25 | 108.58 | 99.80 | 227.22 | 377.86 |
| 066570.KS | 3 | LG Electronics Inc | 59,889 | 18.10 | 16.40 | 1.96 | 1.65 | 7.79 | 6.98 |
| 6752.T | 4 | Panasonic Holdings | 51,567 | 11.76 | 10.41 | 5.72 | 5.40 | 12.90 | 9.40 |
| 3CP.F | 5 | Xiaomi Corporation | 33,728 | 35.13 | 33.48 | 26.13 | 28.02 | - | 32.48 |
| 0751.HK | 6 | Skyworth Group Lim | 18,463 | 4.30 | 4.83 | 2.68 | 2.41 | 5.20 | 3.28 |
| 034220.KS | 7 | LG Display Co., Lt | 17,911 | - | - | 2.78 | 2.05 | 9.46 | 37.80 |
| 002241.SZ | 8 | Goertek Inc. | 14,110 | 44.72 | 42.72 | 23.77 | 23.07 | 27.23 | 41.14 |
| 1070.HK | 9 | TCL Electronics Ho | 13,959 | 10.99 | 10.33 | 7.61 | 6.35 | 10.91 | 8.74 |
| 6753.T | 10 | Sharp Corporation | 12,938 | 9.19 | 7.10 | 6.34 | 6.13 | 14.33 | 13.33 |
| 000829.SZ | 11 | Telling Telecommun | 11,386 | - | - | 49.56 | 47.73 | 53.73 | 177.57 |
| 600060.SS | 12 | Hisense Visual Tec | 8,617 | 12.27 | 9.88 | 10.45 | 8.60 | 16.72 | 9.25 |
| 603341.SS | 13 | Shanghai Longcheer | 6,074 | 38.39 | 38.39 | 39.72 | 39.72 | 85.53 | 51.06 |
| DIXON.BO | 14 | Dixon Technologies | 5,361 | 67.31 | 39.94 | 43.70 | 27.11 | 53.49 | 27.38 |
| 003550.KS | 15 | LG Corp. | 5,089 | 15.68 | 17.55 | 6.93 | 7.17 | 6.11 | 10.20 |
| 300866.SZ | 16 | Anker Innovations | 4,156 | 25.24 | 19.94 | 27.08 | 22.05 | 24.24 | 20.53 |
| Line Item | Trailing P/E | Forward P/E | Trailing EV/EBITDA | Forward EV/EBITDA | Trailing EV/EBIT | Forward EV/EBIT |
|---|---|---|---|---|---|---|
| Winsorized Median Multiple | 15.68 | 16.40 | 7.61 | 7.17 | 13.61 | 13.33 |
| Full Range Median Multiple | 18.10 | 17.55 | 10.45 | 8.60 | 15.53 | 20.53 |
| Industry Multiple | 48.51 | 43.25 | 24.20 | 21.82 | 39.63 | 55.13 |
| Market Implied Multiple | 34.69 | 30.35 | 27.32 | 24.31 | 30.57 | 25.92 |
| Company (AAPL) Multiple | 34.09 | 29.83 | 26.86 | 23.90 | 30.05 | 25.48 |
| (*) Net Income / EBITDA / Revenue | 112,010 | 128,029 | 145,125 | 163,069 | 129,708 | 152,943 |
| Winsorized Enterprise Value | N/A | N/A | 1,104,468 | 1,169,762 | 1,765,823 | 2,039,266 |
| Full Range Median Enterprise Value | N/A | N/A | 1,516,738 | 1,402,709 | 2,013,829 | 3,139,867 |
| (-) Net Debt | 78,838 | 78,838 | 78,838 | 78,838 | 78,838 | 78,838 |
| Winsorized Equity Value | 1,756,028 | 2,100,120 | 1,025,630 | 1,090,924 | 1,686,985 | 1,960,428 |
| Full Range Median Equity Value | 2,027,439 | 2,246,448 | 1,437,900 | 1,323,871 | 1,934,991 | 3,061,029 |
| (/) Shares Outstanding | 14,949 | 14,949 | 14,949 | 14,949 | 14,949 | 14,949 |
| Winsorized Fair Value | $117.47 | $140.49 | $68.61 | $72.98 | $112.85 | $131.15 |
| Full Range Median Fair Value | $135.63 | $150.28 | $96.19 | $88.56 | $129.44 | $204.77 |
| Current Price | $259.96 | $259.96 | $259.96 | $259.96 | $259.96 | $259.96 |
| Upside / Downside | -54.81% | -45.96% | -73.61% | -71.93% | -56.59% | -49.55% |
| Safety Margin | 30.0% | 30.0% | 30.0% | 30.0% | 30.0% | 30.0% |
| Buy Price | $82.23 | $98.34 | $48.03 | $51.09 | $79.00 | $91.80 |
| Buy / Don't Buy | Don’t Buy | Don’t Buy | Don’t Buy | Don’t Buy | Don’t Buy | Don’t Buy |