Riber S.A. (ALRIB.PA)

Industry: Semiconductors 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
CYBE	305	CyberOptics Corpor	102	16.42	14.31	12.82	9.35	12.82	9.92
2455.TW	306	Visual Photonics E	100	61.51	62.16	33.60	34.09	46.64	52.49
8261.TW	307	Advanced Power Ele	99	16.23	11.30	11.51	8.31	10.13	8.59
6202.TW	308	Holtek Semiconduct	97	67.47	97.68	35.53	48.27	2,248.35	457.28
3114.TWO	309	Howteh Technology	96	10.32	10.32	6.96	6.96	28.16	14.31
6730.T	310	AXELL Corporation	95	11.92	10.51	4.56	3.31	6.26	4.14
6228.T	311	J.E.T. Co., Ltd.	94	-	-	-	-	-	-
ALRIB.PA	312	Riber S.A.	93	9.15	9.15	6.33	6.33	-	8.72
017900.KS	313	AUK Corp.	92	25.96	20.40	6.77	5.09	20.44	34.78
AXTI	314	AXT, Inc.	90	-	-	-	-	-	-
688182.SS	315	Jiangsu Cai Qin Te	90	121.08	121.08	106.60	106.60	78.64	110.50
6270.TWO	316	Professional Compu	88	17.11	17.11	9.65	9.65	63.39	30.19
688286.SS	317	MEMSensing Microsy	86	160.38	182.37	140.70	160.50	42.29	139.07
4238.T	318	Miraial Co., Ltd.	85	13.39	14.51	2.19	2.19	5.31	5.21
ASYS	319	Amtech Systems, In	84	-	-	-	-	12.12	-
688135.SS	320	Guangdong Leadyo I	81	-	-	60.75	58.42	458.83	-

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	16.42	14.51	10.58	8.83	20.44	14.31
Full Range Median Multiple	17.11	17.11	12.16	9.50	28.16	30.19
Industry Multiple	47.43	51.07	35.97	37.73	233.34	78.77
Market Implied Multiple	10.29	10.29	7.12	7.12	-	9.80
Company (ALRIB.PA) Multiple	9.15	9.15	6.33	6.33	-	8.72
(*) Net Income / EBITDA / Revenue	9	9	14	14	-4	10
Winsorized Enterprise Value	N/A	N/A	143	120	-82	141
Full Range Median Enterprise Value	N/A	N/A	165	129	-113	297
(-) Net Debt	0	0	0	0	0	0
Winsorized Equity Value	153	136	143	119	-82	140
Full Range Median Equity Value	160	160	164	128	-113	297
(/) Shares Outstanding	24	24	24	24	24	24
Winsorized Fair Value	$6.32	$5.58	$5.89	$4.91	$-3.39	$5.78
Full Range Median Fair Value	$6.58	$6.58	$6.77	$5.29	$-4.67	$12.22
Current Price	$3.96	$3.96	$3.96	$3.96	$3.96	$3.96
Upside / Downside	59.51%	40.97%	48.73%	24.07%	-185.58%	46.07%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$4.42	$3.91	$4.12	$3.44	$-2.37	$4.05
Buy / Don't Buy	BUY	Don’t Buy	BUY	Don’t Buy	Don’t Buy	BUY