China Electronics Huada Technology Company Limited (0085.HK)

Industry: Semiconductors 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
029460.KS	148	KC Co., Ltd.	568	3.88	3.63	1.75	1.63	23.45	3.57
5425.TWO	149	Taiwan Semiconduct	565	29.26	29.55	5.92	5.61	10.37	10.16
603290.SS	150	StarPower Semicond	563	56.51	45.95	40.24	31.32	77.74	43.69
688385.SS	151	Shanghai Fudan Mic	558	115.10	79.28	117.78	94.09	121.38	98.03
300782.SZ	152	Maxscend Microelec	552	-	-	222.43	305.74	-	-
3867.KL	153	Malaysian Pacific	550	32.30	32.11	10.10	9.60	19.89	26.27
300080.SZ	154	Henan Yicheng New	534	-	-	-	-	-	-
0085.HK	155	China Electronics	529	3.57	3.21	2.33	2.08	7.31	2.70
688608.SS	156	Bestechnic (Shangh	528	74.24	54.25	81.10	61.30	64.20	50.00
300661.SZ	157	SG Micro Corp	526	92.16	79.28	160.59	152.12	279.58	108.98
2441.TW	158	Greatek Electronic	519	15.02	15.04	5.24	5.19	12.79	11.82
KLIC	159	Kulicke and Soffa	507	9,865.88	29,659.24	49.87	58.51	-	-
688126.SS	160	National Silicon I	504	-	-	-	-	-	-
603936.SS	161	Bomin Electronics	500	-	-	387.08	657.47	170.11	-
LSCC	162	Lattice Semiconduc	495	358.48	397.02	162.49	169.52	-	-
605358.SS	163	Hangzhou Lion Elec	490	-	-	125.01	143.22	-	-

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	56.51	45.95	49.87	58.51	23.45	19.04
Full Range Median Multiple	65.37	50.10	81.10	61.30	64.20	34.98
Industry Multiple	1,064.28	3,039.54	105.35	130.41	86.61	44.06
Market Implied Multiple	3.72	3.35	2.46	2.20	7.71	2.84
Company (0085.HK) Multiple	3.57	3.21	2.33	2.08	7.31	2.70
(*) Net Income / EBITDA / Revenue	102	113	122	137	39	106
Winsorized Enterprise Value	N/A	N/A	6,090	7,992	913	2,010
Full Range Median Enterprise Value	N/A	N/A	9,903	8,372	2,499	3,692
(-) Net Debt	-78	-78	-78	-78	-78	-78
Winsorized Equity Value	5,740	5,195	6,168	8,070	991	2,088
Full Range Median Equity Value	6,640	5,665	9,981	8,450	2,577	3,770
(/) Shares Outstanding	261	261	261	261	261	261
Winsorized Fair Value	$22.00	$19.91	$23.64	$30.93	$3.80	$8.00
Full Range Median Fair Value	$25.45	$21.71	$38.26	$32.39	$9.88	$14.45
Current Price	$1.45	$1.45	$1.45	$1.45	$1.45	$1.45
Upside / Downside	1,417.25%	1,273.28%	1,530.38%	2,033.17%	161.89%	452.00%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$15.40	$13.94	$16.55	$21.65	$2.66	$5.60
Buy / Don't Buy	BUY	BUY	BUY	BUY	BUY	BUY