Rici Healthcare Holdings Limited (1526.HK)

Industry: Medical - Care Facilities 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
4002.SR	77	Mouwasat Medical S	824	19.50	18.06	14.18	13.07	18.06	17.52
4009.SR	78	Middle East Health	810	14.18	11.12	9.08	7.15	21.69	15.18
M12.DE	79	M1 Kliniken AG	808	8.18	5.19	4.05	2.35	3.59	2.90
PIHLIS.HE	80	Pihlajalinna Oyj	803	8.80	6.49	5.94	5.06	12.29	8.73
BZ7A.F	81	Bumrungrad Hospita	799	18.31	13.93	13.07	10.61	13.59	11.48
4017.SR	82	Dr. Soliman Abdel	790	28.85	28.85	18.68	18.68	30.87	30.05
1951.HK	83	Jinxin Fertility G	788	-	-	9.04	9.04	-	15.27
1526.HK	84	Rici Healthcare Ho	739	2.92	2.92	1.98	1.15	8.50	0.43
2373.HK	85	Beauty Farm Medica	729	12.98	12.98	7.44	7.44	7.42	9.76
ALR	86	AlerisLife Inc.	708	-	-	-	-	-	-
SIA.TO	87	Sienna Senior Livi	674	51.99	51.99	21.50	21.40	20.13	21.20
USPH	88	U.S. Physical Ther	661	38.68	37.82	12.46	11.29	14.00	15.09
NVLG.TA	89	Novolog (Pharm-Up	649	38.14	39.80	5.34	4.85	16.53	18.38
IATR.AT	90	Athens Medical C.S	634	52.91	52.91	5.18	4.94	9.86	10.88
3689.HK	91	Guangdong Kanghua	581	4.31	4.70	1.44	1.43	4.04	4.38
TVTY	92	Tivity Health, Inc	501	18.47	16.37	12.20	12.20	30.71	13.34

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	18.31	13.93	8.24	7.29	13.59	12.41
Full Range Median Multiple	18.47	16.37	9.06	8.24	14.00	14.22
Industry Multiple	24.25	23.09	9.97	9.25	15.60	13.87
Market Implied Multiple	2.78	2.78	1.92	1.12	8.26	0.42
Company (1526.HK) Multiple	2.92	2.92	1.98	1.15	8.50	0.43
(*) Net Income / EBITDA / Revenue	80	80	206	355	48	954
Winsorized Enterprise Value	N/A	N/A	1,698	2,588	652	11,836
Full Range Median Enterprise Value	N/A	N/A	1,867	2,924	671	13,556
(-) Net Debt	173	173	173	173	173	173
Winsorized Equity Value	1,470	1,118	1,525	2,416	479	11,664
Full Range Median Equity Value	1,483	1,314	1,694	2,752	499	13,383
(/) Shares Outstanding	226	226	226	226	226	226
Winsorized Fair Value	$6.51	$4.95	$6.76	$10.70	$2.12	$51.67
Full Range Median Fair Value	$6.57	$5.82	$7.50	$12.19	$2.21	$59.29
Current Price	$0.99	$0.99	$0.99	$0.99	$0.99	$0.99
Upside / Downside	557.82%	400.36%	582.40%	981.01%	114.47%	5,119.30%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$4.56	$3.47	$4.73	$7.49	$1.49	$36.17
Buy / Don't Buy	BUY	BUY	BUY	BUY	BUY	BUY