Gordon Auto Body Parts Co., Ltd. (1524.TW)

Industry: Auto - 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
075180.KS	528	Saeron Automotive	94	16.03	16.03	-1.39	-1.39	-	-
7297.T	529	Car Mate Mfg. Co.,	94	-	-	-	-	-	-36.31
301596.SZ	530	Reach Machinery Co	93	64.52	64.52	53.62	53.62	54.35	55.82
YUASA.BK	531	Yuasa Battery (Tha	93	5.13	4.58	1.60	1.46	2.09	1.80
SJS.BO	532	S.J.S. Enterprises	92	32.85	32.85	19.64	19.64	20.95	26.57
TALBROAUTO.BO	533	Talbros Automotive	92	19.45	19.45	11.61	8.44	19.90	11.47
IGARASHI.BO	534	Igarashi Motors In	91	103.06	105.31	20.27	19.20	46.02	15.11
1524.TW	535	Gordon Auto Body P	90	10.97	7.56	6.61	5.74	23.42	7.86
UCALFUEL.NS	536	Ucal Fuel Systems	90	-	-	7.14	8.43	46.60	17.22
UCAL.BO	537	UCAL Limited	89	-	-	11.35	11.40	25.85	-
PRECAM.BO	538	Precision Camshaft	89	31.66	26.99	12.24	11.57	277.76	83.74
HFT.BK	539	Hwa Fong Rubber (T	89	10.96	11.65	4.43	4.73	32.01	8.17
7736.TWO	540	Hushan	89	12.75	12.75	8.77	8.77	10.54	10.17
IMPAL.BO	541	India Motor Parts	88	15.20	13.05	12.18	10.04	22.18	15.50
XL	542	XL Fleet Corp.	88	-	-	24.78	24.78	19.67	42.54
ASAL.BO	543	Automotive Stampin	85	61.06	61.06	21.14	21.14	34.44	17.32

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	16.03	16.03	11.61	10.04	22.18	15.31
Full Range Median Multiple	19.45	19.45	12.18	11.40	25.85	16.36
Industry Multiple	33.88	33.48	16.06	15.63	47.10	25.45
Market Implied Multiple	12.98	8.95	7.55	6.55	26.74	8.98
Company (1524.TW) Multiple	10.97	7.56	6.61	5.74	23.42	7.86
(*) Net Income / EBITDA / Revenue	13	19	29	33	8	24
Winsorized Enterprise Value	N/A	N/A	333	332	180	369
Full Range Median Enterprise Value	N/A	N/A	350	377	209	395
(-) Net Debt	43	43	43	43	43	43
Winsorized Equity Value	215	311	290	289	137	326
Full Range Median Equity Value	260	378	307	334	166	352
(/) Shares Outstanding	5	5	5	5	5	5
Winsorized Fair Value	$40.71	$59.03	$55.05	$54.82	$25.94	$61.92
Full Range Median Fair Value	$49.38	$71.60	$58.18	$63.39	$31.58	$66.74
Current Price	$32.95	$32.95	$32.95	$32.95	$32.95	$32.95
Upside / Downside	23.55%	79.14%	67.06%	66.38%	-21.26%	87.92%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$28.50	$41.32	$38.53	$38.38	$18.16	$43.34
Buy / Don't Buy	Don’t Buy	BUY	BUY	BUY	Don’t Buy	BUY