Newebinfo (6938.TWO)

Industry: Information Technology 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
688258.SS	399	Jiangsu Eazytec Co	49	151.99	156.04	85.52	78.19	140.56	158.43
3925.T	400	Double Standard In	48	16.45	14.10	8.61	7.38	11.17	7.64
8606.HK	401	Kinetix Systems Ho	48	-	-	-	-	17.31	-
294570.KQ	402	COOCON Corporation	47	13.78	11.97	6.91	6.07	16.16	15.62
AVEN.ST	403	Avensia AB (publ)	46	15.97	14.21	7.34	6.60	13.74	9.67
4076.T	404	CNS Co.,Ltd	46	8.24	8.24	1.23	1.23	1.20	1.33
MINDTECK.BO	405	Mindteck (India) L	46	23.50	23.50	14.11	14.11	26.20	7.38
6938.TWO	406	Newebinfo	46	7.67	7.67	4.96	4.96	6.43	5.60
3979.T	407	Uluru.Co.,Ltd.	46	17.97	17.97	7.49	7.49	9.57	8.99
4421.T	408	D. I. System Co.,	46	11.50	11.50	4.14	4.14	8.11	4.95
INSPIRISYS.BO	409	Inspirisys Solutio	45	9.65	9.65	9.69	7.76	10.43	6.53
0465.HK	410	Futong Technology	45	-	-	-	-	-	-
2176.HK	411	CCID Consulting Co	44	11.05	9.64	5.77	4.77	5.64	5.63
3625.T	412	Techfirm Holdings	43	13.23	13.23	6.67	6.67	12.43	6.93
155A.T	413	Information Strate	43	27.58	27.58	12.87	12.87	10.61	13.30
CCRC	414	China Customer Rel	42	2.94	2.94	1.19	1.19	1.97	1.75

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	13.23	11.97	6.91	6.60	10.52	6.93
Full Range Median Multiple	13.78	13.23	7.34	6.67	10.89	7.38
Industry Multiple	24.91	24.66	13.20	12.19	20.37	19.09
Market Implied Multiple	6.65	6.65	4.24	4.24	5.50	4.79
Company (6938.TWO) Multiple	7.67	7.67	4.96	4.96	6.43	5.60
(*) Net Income / EBITDA / Revenue	5	5	7	7	5	6
Winsorized Enterprise Value	N/A	N/A	47	45	56	42
Full Range Median Enterprise Value	N/A	N/A	50	46	58	45
(-) Net Debt	-3	-3	-3	-3	-3	-3
Winsorized Equity Value	63	57	50	48	58	45
Full Range Median Equity Value	66	63	53	49	60	48
(/) Shares Outstanding	0	0	0	0	0	0
Winsorized Fair Value	$159.13	$143.91	$125.95	$120.56	$146.65	$112.60
Full Range Median Fair Value	$165.73	$159.13	$133.21	$121.71	$151.54	$119.47
Current Price	$80.00	$80.00	$80.00	$80.00	$80.00	$80.00
Upside / Downside	98.92%	79.89%	57.43%	50.70%	83.31%	40.74%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$111.39	$100.74	$88.16	$84.39	$102.65	$78.82
Buy / Don't Buy	BUY	BUY	BUY	BUY	BUY	Don’t Buy