Altra Industrial Motion Corp. (AIMC)

Industry: Industrial - Machinery 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
SPXC	109	SPX Technologies,	2,162	39.41	33.79	20.02	15.97	23.37	21.69
002204.SZ	110	Dalian Huarui Heav	2,144	20.68	13.03	18.02	17.40	30.50	17.60
FELE	111	Franklin Electric	2,110	30.44	28.01	17.43	15.78	13.14	14.83
002430.SZ	112	Hangzhou Oxygen Pl	2,099	23.58	22.24	12.66	11.71	16.54	18.44
ROR.L	113	Rotork plc	2,015	12.51	12.27	7.49	7.31	10.40	8.68
6268.T	114	Nabtesco Corporati	2,009	25.07	25.88	10.23	10.41	23.24	19.87
6508.T	115	Meidensha Corporat	2,005	14.51	12.27	7.98	7.29	28.08	11.05
AIMC	116	Altra Industrial M	1,946	30.86	25.76	13.67	10.93	23.71	16.06
7279.T	117	Hi-Lex Corporation	1,931	64.88	64.88	4.20	3.66	16.49	24.11
112610.KS	118	CS Wind Corporatio	1,911	9.10	7.02	4.89	3.57	9.45	7.14
0QKP.L	119	Phoenix Mecano AG	1,910	5.95	5.24	3.20	3.07	5.74	4.40
000967.SZ	120	Infore Environment	1,900	59.73	76.28	23.54	25.53	36.07	54.12
6845.T	121	Azbil Corporation	1,889	16.40	14.03	16.47	15.88	15.03	12.98
2155.HK	122	Morimatsu Internat	1,888	4.60	4.60	2.44	2.44	2.83	2.52
300450.SZ	123	Wuxi Lead Intellig	1,871	111.99	109.43	101.06	100.37	69.06	137.44
002011.SZ	124	Zhejiang Dun'an Ar	1,854	12.91	12.91	10.77	9.29	14.47	11.28

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	16.40	13.03	10.23	9.29	15.03	12.98
Full Range Median Multiple	20.68	14.03	10.77	10.41	16.49	14.83
Industry Multiple	30.12	29.46	17.36	16.65	20.96	24.41
Market Implied Multiple	32.01	26.72	14.08	11.26	24.43	16.55
Company (AIMC) Multiple	30.86	25.76	13.67	10.93	23.71	16.06
(*) Net Income / EBITDA / Revenue	127	152	351	439	202	299
Winsorized Enterprise Value	N/A	N/A	3,592	4,079	3,041	3,878
Full Range Median Enterprise Value	N/A	N/A	3,781	4,571	3,337	4,432
(-) Net Debt	879	879	879	879	879	879
Winsorized Equity Value	2,083	1,983	2,713	3,200	2,163	2,999
Full Range Median Equity Value	2,627	2,135	2,903	3,692	2,459	3,554
(/) Shares Outstanding	66	66	66	66	66	66
Winsorized Fair Value	$31.75	$30.23	$41.36	$48.78	$32.97	$45.72
Full Range Median Fair Value	$40.04	$32.55	$44.25	$56.28	$37.48	$54.17
Current Price	$61.98	$61.98	$61.98	$61.98	$61.98	$61.98
Upside / Downside	-48.77%	-51.22%	-33.27%	-21.29%	-46.81%	-26.23%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$22.22	$21.16	$28.95	$34.15	$23.08	$32.01
Buy / Don't Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy