S-Enjoy Service Group Co., Limited (1755.HK)

Industry: Real Estate - Services 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
HEIM-PREF.ST	41	Heimstaden AB (pub	1,937	0.50	0.44	17.54	13.41	16.88	7.34
O5G.DE	42	CPI Property Group	1,711	-	-	33.04	35.79	30.75	31.43
000560.SZ	43	5i5j Holding Group	1,695	66.98	88.44	-	-	-	-
0029.HK	44	Dynamic Holdings L	1,642	0.59	0.31	323.11	557.21	76.58	55.08
000517.SZ	45	Rongan Property Co	1,611	-	-	-	-	-	-
0RUH.L	46	Aroundtown S.A.	1,597	3.52	3.15	9.47	9.56	15.34	8.39
600665.SS	47	Tande Co., Ltd.	1,565	-	-	-	-	-	-
1755.HK	48	S-Enjoy Service Gr	1,558	2.61	2.61	0.27	0.27	0.25	0.32
600848.SS	49	Shanghai Lingang H	1,548	18.35	17.80	12.34	10.50	36.62	19.44
TDH.JO	50	Tradehold Limited	1,440	0.15	0.06	4.54	1.52	2.53	1.57
OYY.SI	51	PropNex Limited	1,437	7.34	5.21	6.13	4.67	3.02	3.51
0R8S.L	52	Infrastrutture Wir	1,257	24.76	20.79	14.48	12.78	23.65	20.86
1200.HK	53	Midland Holdings L	1,231	2.94	2.94	0.73	0.52	0.96	0.88
6989.HK	54	Excellence Commerc	1,180	2.82	2.82	1.15	1.15	1.19	1.20
9666.HK	55	Jinke Smart Servic	1,173	-	-	-	-	10.25	-
REAX	56	The Real Brokerage	1,173	-	-	-	-	136.44	-

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	2.94	2.94	9.47	9.56	12.79	7.34
Full Range Median Multiple	3.23	3.04	10.90	10.03	16.11	7.87
Industry Multiple	12.79	14.20	42.25	64.71	29.52	14.97
Market Implied Multiple	2.52	2.52	0.21	0.21	0.20	0.25
Company (1755.HK) Multiple	2.61	2.61	0.27	0.27	0.25	0.32
(*) Net Income / EBITDA / Revenue	136	136	218	218	231	182
Winsorized Enterprise Value	N/A	N/A	2,061	2,080	2,953	1,334
Full Range Median Enterprise Value	N/A	N/A	2,372	2,183	3,719	1,430
(-) Net Debt	-297	-297	-297	-297	-297	-297
Winsorized Equity Value	399	399	2,358	2,377	3,250	1,631
Full Range Median Equity Value	438	413	2,669	2,480	4,016	1,727
(/) Shares Outstanding	122	122	122	122	122	122
Winsorized Fair Value	$3.26	$3.26	$19.28	$19.44	$26.58	$13.34
Full Range Median Fair Value	$3.58	$3.38	$21.83	$20.28	$32.83	$14.12
Current Price	$2.80	$2.80	$2.80	$2.80	$2.80	$2.80
Upside / Downside	16.40%	16.40%	588.45%	594.16%	849.15%	376.27%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$2.28	$2.28	$13.49	$13.61	$18.60	$9.33
Buy / Don't Buy	Don’t Buy	Don’t Buy	BUY	BUY	BUY	BUY