PC Partner Group Limited (1263.HK)

Industry: Computer Hardware 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
MSVT.TA	19	Massivit 3D Printi	5,947	-	-	-	-	0.72	-
LOGN.SW	20	Logitech Internati	5,889	20.60	20.75	14.96	14.45	15.58	16.49
6414.TW	21	Ennoconn Corporati	4,651	13.22	11.03	3.79	3.28	-	13.52
CCET.BK	22	Cal-Comp Electroni	4,635	21.92	11.94	10.92	9.69	26.43	16.76
6588.T	23	Toshiba Tec Corpor	3,586	7.23	7.23	27.72	35.78	-	8.46
PSTG	24	Pure Storage, Inc.	3,484	247.83	247.83	101.74	101.74	146.90	452.04
3706.TW	25	MiTAC Holdings Cor	3,127	19.74	17.20	14.09	10.55	18.12	15.67
1263.HK	26	PC Partner Group L	2,754	4.78	3.14	2.07	1.53	1.82	2.37
INDES.IS	27	Indeks Bilgisayar	2,742	9.98	7.43	0.76	0.41	0.70	0.90
MICT	28	MICT, Inc.	2,525	1.36	1.36	0.96	0.96	2.46	0.96
TIO	29	Tingo Group, Inc.	2,525	0.01	0.01	0.19	0.19	0.81	0.32
600100.SS	30	Tsinghua Tongfang	2,252	68.72	68.72	555.61	673.96	-	-
000021.SZ	31	Shenzhen Kaifa Tec	2,162	42.75	37.41	23.74	22.35	30.57	28.01
000066.SZ	32	China Greatwall Te	2,114	-	-	-	-	-	-
603019.SS	33	Dawning Informatio	1,977	82.83	65.83	91.64	79.76	-	72.53
SANT.DE	34	Kontron AG	1,958	8.43	6.86	3.88	3.32	3.16	4.64

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	13.22	11.03	10.92	9.69	3.16	10.99
Full Range Median Multiple	19.74	11.94	14.09	10.55	9.37	14.60
Industry Multiple	41.89	38.74	65.38	73.57	24.55	52.53
Market Implied Multiple	3.91	2.57	1.49	1.10	1.31	1.70
Company (1263.HK) Multiple	4.78	3.14	2.07	1.53	1.82	2.37
(*) Net Income / EBITDA / Revenue	71	108	106	143	121	93
Winsorized Enterprise Value	N/A	N/A	1,162	1,390	382	1,021
Full Range Median Enterprise Value	N/A	N/A	1,499	1,515	1,135	1,356
(-) Net Debt	-120	-120	-120	-120	-120	-120
Winsorized Equity Value	940	1,195	1,282	1,511	503	1,142
Full Range Median Equity Value	1,404	1,293	1,619	1,635	1,255	1,477
(/) Shares Outstanding	50	50	50	50	50	50
Winsorized Fair Value	$18.85	$23.94	$25.70	$30.28	$10.07	$22.88
Full Range Median Fair Value	$28.14	$25.91	$32.45	$32.77	$25.16	$29.60
Current Price	$5.58	$5.58	$5.58	$5.58	$5.58	$5.58
Upside / Downside	237.74%	329.12%	360.59%	442.65%	80.52%	310.06%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$13.19	$16.76	$17.99	$21.20	$7.05	$16.02
Buy / Don't Buy	BUY	BUY	BUY	BUY	BUY	BUY