Skyworth Group Limited (0751.HK)

Industry: Consumer Electronics 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
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	18.10	17.55	10.45	8.60	15.53	20.53
Full Range Median Multiple	25.24	19.94	23.77	22.05	20.48	25.48
Industry Multiple	50.80	45.17	25.81	23.25	41.41	56.61
Market Implied Multiple	7.26	8.15	3.45	3.10	6.69	4.22
Company (0751.HK) Multiple	4.30	4.83	2.68	2.41	5.20	3.28
(*) Net Income / EBITDA / Revenue	202	180	780	869	402	638
Winsorized Enterprise Value	N/A	N/A	8,152	7,473	6,242	13,092
Full Range Median Enterprise Value	N/A	N/A	18,543	19,155	8,234	16,251
(-) Net Debt	1,221	1,221	1,221	1,221	1,221	1,221
Winsorized Equity Value	3,664	3,165	6,931	6,252	5,021	11,871
Full Range Median Equity Value	5,109	3,597	17,321	17,934	7,013	15,030
(/) Shares Outstanding	284	284	284	284	284	284
Winsorized Fair Value	$12.91	$11.15	$24.43	$22.03	$17.69	$41.83
Full Range Median Fair Value	$18.01	$12.68	$61.04	$63.20	$24.71	$52.97
Current Price	$5.18	$5.18	$5.18	$5.18	$5.18	$5.18
Upside / Downside	149.30%	115.33%	371.54%	325.33%	241.56%	707.58%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$9.04	$7.81	$17.10	$15.42	$12.38	$29.28
Buy / Don't Buy	BUY	BUY	BUY	BUY	BUY	BUY