Luzhou Bank Co., Ltd. (1983.HK)

Industry: Banks - Regional 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
FMBI	394	First Midwest Banc	751	11.59	9.93	5.23	4.57	5.77	4.91
BHLB	395	Berkshire Hills Ba	732	119.04	119.04	18.41	18.41	-	20.80
FCF	396	First Commonwealth	716	12.47	10.94	9.75	8.66	8.77	8.85
MCHB	397	Mechanics Bank	699	18.96	13.34	8.78	6.41	8.93	7.07
CASH	398	Pathward Financial	685	9.04	8.06	5.67	5.15	7.75	6.18
OCFC	399	OceanFirst Financi	673	12.56	11.60	23.01	21.22	29.91	23.81
DCOM	400	Dime Community Ban	670	21.99	20.79	4.07	3.72	2.48	3.92
1983.HK	401	Luzhou Bank Co., L	664	3.90	3.90	5.92	5.92	1.59	3.99
PRK	402	Park National Corp	661	14.88	13.46	11.31	10.26	11.08	10.76
SASR	403	Sandy Spring Banco	661	76.32	108.62	22.96	27.23	-	-
8522.T	404	The Bank of Nagoya	656	10.69	8.19	-20.69	-16.74	-17.83	-8.01
8361.T	405	The Ogaki Kyoritsu	656	6.64	5.09	-23.37	-20.78	-4.15	-8.56
AMTB	406	Amerant Bancorp In	653	12.03	6.59	20.21	13.08	23.55	11.17
BRKL	407	Brookline Bancorp,	650	11.93	10.76	13.62	12.21	13.58	13.80
STBA	408	S&T Bancorp, Inc.	649	8.26	5.30	7.12	4.59	4.32	4.39
KLNMA.IS	409	Türkiye Kalkinma	647	14.44	7.98	18.32	9.89	15.51	9.90

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	12.03	9.93	9.75	8.66	8.77	7.96
Full Range Median Multiple	12.47	10.76	11.31	9.89	8.93	9.38
Industry Multiple	24.06	23.98	12.96	11.18	11.97	10.46
Market Implied Multiple	3.57	3.57	5.49	5.49	1.47	3.70
Company (1983.HK) Multiple	3.90	3.90	5.92	5.92	1.59	3.99
(*) Net Income / EBITDA / Revenue	285	285	217	217	811	322
Winsorized Enterprise Value	N/A	N/A	2,120	1,883	7,113	2,567
Full Range Median Enterprise Value	N/A	N/A	2,459	2,149	7,239	3,023
(-) Net Debt	176	176	176	176	176	176
Winsorized Equity Value	3,426	2,829	1,944	1,707	6,937	2,391
Full Range Median Equity Value	3,549	3,064	2,283	1,973	7,064	2,847
(/) Shares Outstanding	489	489	489	489	489	489
Winsorized Fair Value	$7.01	$5.79	$3.98	$3.49	$14.19	$4.89
Full Range Median Fair Value	$7.26	$6.27	$4.67	$4.04	$14.45	$5.82
Current Price	$2.08	$2.08	$2.08	$2.08	$2.08	$2.08
Upside / Downside	236.97%	178.17%	91.21%	67.85%	582.21%	135.17%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$4.91	$4.05	$2.78	$2.44	$9.93	$3.42
Buy / Don't Buy	BUY	BUY	BUY	BUY	BUY	BUY