Leoch International Technology Limited (0842.HK)

Industry: Electrical Equipment & Parts 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
600973.SS	21	Baosheng Science a	6,893	-	-	38.55	45.06	37.50	-
5803.T	22	Fujikura Ltd.	6,610	20.22	20.22	12.94	8.28	12.73	6.53
300124.SZ	23	Shenzhen Inovance	6,146	43.30	35.05	42.26	34.99	54.37	36.36
DELTA-R.BK	24	Delta Electronics	5,791	100.29	78.80	63.82	47.71	65.48	69.57
HUBB	25	Hubbell Incorporat	5,686	26.44	22.33	18.14	15.94	18.44	18.03
002074.SZ	26	Gotion High-tech C	5,638	25.24	25.24	23.13	23.13	86.20	84.50
NVT	27	nVent Electric plc	4,786	26.65	26.65	28.55	20.50	26.54	18.76
0842.HK	28	Leoch Internationa	4,546	3.16	2.23	3.81	2.82	-	5.91
3931.HK	29	CALB Group Co., Lt	4,499	34.21	34.21	19.88	19.88	11.95	41.96
AYI	30	Acuity Brands, Inc	4,346	25.26	23.00	16.44	15.49	14.53	16.95
CENER.BR	31	Cenergy Holdings S	4,284	7.15	7.15	4.25	4.25	3.92	4.79
600869.SS	32	Far East Smarter E	3,986	-	-	48.92	58.39	89.71	-
6674.T	33	GS Yuasa Corporati	3,777	11.16	8.69	6.70	6.11	10.34	6.64
ENS	34	EnerSys	3,725	12.34	9.61	9.05	7.78	13.54	9.08
1366.HK	35	Jiangnan Group Lim	3,669	1.60	1.60	0.96	0.96	0.88	1.10
6506.T	36	YASKAWA Electric C	3,445	13.17	10.39	11.19	10.13	15.91	14.48

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	20.22	20.22	16.44	15.49	14.53	14.48
Full Range Median Multiple	25.24	22.33	18.14	15.94	15.91	16.95
Industry Multiple	26.69	23.30	22.99	21.24	30.80	25.29
Market Implied Multiple	1.04	0.73	2.82	2.09	-	4.37
Company (0842.HK) Multiple	3.16	2.23	3.81	2.82	-	5.91
(*) Net Income / EBITDA / Revenue	140	199	300	405	-7	193
Winsorized Enterprise Value	N/A	N/A	4,933	6,278	-106	2,798
Full Range Median Enterprise Value	N/A	N/A	5,444	6,459	-116	3,276
(-) Net Debt	700	700	700	700	700	700
Winsorized Equity Value	2,830	4,020	4,233	5,578	-806	2,098
Full Range Median Equity Value	3,534	4,440	4,744	5,759	-816	2,576
(/) Shares Outstanding	199	199	199	199	199	199
Winsorized Fair Value	$14.23	$20.21	$21.28	$28.04	$-4.05	$10.55
Full Range Median Fair Value	$17.76	$22.32	$23.85	$28.95	$-4.10	$12.95
Current Price	$0.73	$0.73	$0.73	$0.73	$0.73	$0.73
Upside / Downside	1,848.82%	2,668.20%	2,814.63%	3,740.81%	-654.85%	1,344.78%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$9.96	$14.15	$14.89	$19.63	$-2.84	$7.38
Buy / Don't Buy	BUY	BUY	BUY	BUY	Don’t Buy	BUY