LX International Corp. (001120.KS)

Industry: Conglomerates Model: Peers Multiples Valuation

Valuation Snapshot

Ticker	Rank	Name	Rev TTM (M)	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
FJI.F	20	FUJIFILM Holdings	20,533	17.37	15.37	11.21	10.23	17.18	13.09
PST.MI	21	Poste Italiane S.p	19,794	12.05	10.63	28.70	25.65	34.18	27.80
600803.SS	22	ENN Natural Gas Co	18,880	12.53	10.55	5.21	5.05	8.43	6.27
078930.KS	23	GS Holdings Corp.	17,016	7.64	7.64	3.02	2.49	4.11	4.31
BVT.JO	24	The Bidvest Group	14,858	6.38	5.55	3.98	3.44	5.46	4.46
SVW.AX	25	Seven Group Holdin	13,379	13.05	12.03	5.93	4.80	5.73	6.26
000150.KS	26	Doosan Corporation	12,683	-	-	10.77	8.68	10.86	6.93
001120.KS	27	LX International C	11,254	9.96	10.39	3.07	0.82	11.13	7.08
9041.T	28	Kintetsu Group Hol	11,237	11.59	11.59	9.30	4.20	17.47	18.17
GCARSOA1.MX	29	Grupo Carso, S.A.B	11,160	25.96	22.79	10.32	8.82	13.20	12.86
0148.HK	30	Kingboard Holdings	11,014	5.70	5.82	3.81	3.50	5.12	4.93
U96.SI	31	Sembcorp Industrie	9,868	6.30	5.56	5.65	5.06	10.97	9.16
SEB	32	Seaboard Corporati	9,818	9.03	7.86	7.80	6.85	15.76	17.23
IEP	33	Icahn Enterprises	9,738	-	-	6.99	6.99	1.79	25.29
ALFAA.MX	34	Alfa, S. A. B. de	9,671	-	-	8.59	8.93	6.75	8.90
QUINENCO.SN	35	Quiñenco S.A.	8,809	8.57	6.43	8.84	7.36	26.16	50.60

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	8.80	7.75	6.99	5.06	8.43	8.90
Full Range Median Multiple	10.31	9.21	7.80	6.85	10.86	9.16
Industry Multiple	11.35	10.15	8.67	7.47	12.21	14.42
Market Implied Multiple	11.12	11.59	3.21	0.86	11.65	7.41
Company (001120.KS) Multiple	9.96	10.39	3.07	0.82	11.13	7.08
(*) Net Income / EBITDA / Revenue	78	75	636	2,381	176	276
Winsorized Enterprise Value	N/A	N/A	4,446	12,051	1,480	2,458
Full Range Median Enterprise Value	N/A	N/A	4,962	16,299	1,906	2,529
(-) Net Debt	1,176	1,176	1,176	1,176	1,176	1,176
Winsorized Equity Value	687	581	3,270	10,876	304	1,282
Full Range Median Equity Value	805	690	3,786	15,123	730	1,353
(/) Shares Outstanding	0	0	0	0	0	0
Winsorized Fair Value	$28,204.34	$23,824.19	$134,201.62	$446,294.19	$12,494.98	$52,600.78
Full Range Median Fair Value	$33,052.08	$28,305.42	$155,364.32	$620,588.50	$29,954.89	$55,534.05
Current Price	$35,650.00	$35,650.00	$35,650.00	$35,650.00	$35,650.00	$35,650.00
Upside / Downside	-20.89%	-33.17%	276.44%	1,151.88%	-64.95%	47.55%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$19,743.04	$16,676.93	$93,941.14	$312,405.93	$8,746.48	$36,820.55
Buy / Don't Buy	Don’t Buy	Don’t Buy	BUY	BUY	Don’t Buy	BUY