Prinx Chengshan Holdings Limited (1809.HK)

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
005850.KS	71	SL Corporation	3,433	4.97	3.36	2.39	1.83	5.74	3.45
PHIN	72	PHINIA Inc.	3,427	24.72	24.72	7.19	7.19	7.88	9.22
1899.HK	73	Xingda Internation	3,360	2.91	2.88	3.48	3.34	8.22	7.66
6923.T	74	Stanley Electric C	3,302	13.95	10.26	3.57	3.11	8.27	5.10
007860.KS	75	Seoyon Co., Ltd.	3,299	1.89	1.89	1.26	0.81	2.56	2.30
073240.KS	76	Kumho Tire Co., In	3,239	5.23	5.23	4.41	3.74	6.58	2.56
MRF.BO	77	MRF Limited	3,226	33.36	31.29	15.25	13.53	23.97	13.43
1809.HK	78	Prinx Chengshan Ho	3,164	1.75	1.75	1.33	1.33	2.40	1.78
ALSN	79	Allison Transmissi	3,069	10.21	8.87	8.04	7.45	10.58	8.25
603997.SS	80	Ningbo Jifeng Auto	3,049	77.46	77.46	23.23	21.64	25.88	70.40
015750.KQ	81	Sungwoo Hitech Co.	3,002	2.38	2.38	2.79	2.30	7.50	2.92
200880.KS	82	Seoyon E-Hwa Co.,	3,001	2.65	2.65	2.02	1.11	4.59	4.24
2105.TW	83	Cheng Shin Rubber	2,998	21.08	14.82	7.18	7.09	18.52	14.65
APOLLOTYRE.BO	84	Apollo Tyres Limit	2,960	37.82	31.49	10.90	9.34	13.19	12.56
7242.T	85	KYB Corporation	2,927	6.42	6.42	4.18	4.18	9.59	8.95
7313.T	86	TS TECH Co., Ltd.	2,895	29.90	28.07	2.80	2.72	15.69	5.64

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	6.42	6.42	3.57	3.34	8.22	5.64
Full Range Median Multiple	10.21	8.87	4.18	3.74	8.27	7.66
Industry Multiple	18.33	16.79	6.58	5.96	11.25	11.42
Market Implied Multiple	2.05	2.05	1.54	1.54	2.77	2.06
Company (1809.HK) Multiple	1.75	1.75	1.33	1.33	2.40	1.78
(*) Net Income / EBITDA / Revenue	358	358	518	518	288	387
Winsorized Enterprise Value	N/A	N/A	1,851	1,727	2,366	2,180
Full Range Median Enterprise Value	N/A	N/A	2,166	1,936	2,380	2,962
(-) Net Debt	62	62	62	62	62	62
Winsorized Equity Value	2,300	2,300	1,789	1,666	2,304	2,119
Full Range Median Equity Value	3,659	3,179	2,105	1,874	2,319	2,900
(/) Shares Outstanding	90	90	90	90	90	90
Winsorized Fair Value	$25.42	$25.42	$19.78	$18.41	$25.47	$23.42
Full Range Median Fair Value	$40.44	$35.13	$23.26	$20.71	$25.63	$32.06
Current Price	$8.14	$8.14	$8.14	$8.14	$8.14	$8.14
Upside / Downside	212.27%	212.27%	142.95%	126.21%	212.85%	187.71%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$17.79	$17.79	$13.84	$12.89	$17.83	$16.39
Buy / Don't Buy	BUY	BUY	BUY	BUY	BUY	BUY