Allied Motion Technologies Inc. (AMOT)

Industry: Hardware, Equipment & 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
CTS	229	CTS Corporation	532	20.04	17.47	10.43	9.39	14.24	13.16
AFHL.TA	230	Afcon Holdings Ltd	523	16.20	16.20	10.70	9.42	12.43	13.57
3388.T	231	Meiji Electric Ind	522	8.40	7.86	2.80	2.61	3.05	3.06
600817.SS	232	Yutong Heavy Indus	522	21.56	16.23	17.47	14.30	41.13	7.08
300319.SZ	233	Shenzhen Microgate	521	33.43	21.96	31.40	27.84	31.53	26.77
300903.SZ	234	Guangdong Kingshin	517	-	-	-	-	-	-
300627.SZ	235	Shanghai Huace Nav	511	40.54	30.95	37.43	29.01	42.29	28.10
AMOT	236	Allied Motion Tech	503	57.54	64.93	59.99	78.18	14.16	25.44
002885.SZ	237	Shenzhen JingQuanH	498	74.66	70.55	56.67	54.87	61.42	68.17
300303.SZ	238	Shenzhen Jufei Opt	486	31.57	30.81	31.07	31.67	44.98	33.20
300203.SZ	239	Focused Photonics	477	287.77	287.77	39.62	37.65	-	194.38
002876.SZ	240	Shenzhen Sunnypol	476	88.07	97.38	46.86	48.01	110.60	138.63
300747.SZ	241	Wuhan Raycus Fiber	476	109.22	120.56	208.30	277.43	97.79	166.25
600516.SS	242	FangDa Carbon New	474	462.77	752.19	1,352.17	2,564.57	-	-
603678.SS	243	Fujian Torch Elect	474	63.99	71.86	38.26	41.27	71.32	62.22
033240.KS	244	Jahwa Electronics.	471	-	-	5.19	3.97	-	25.50

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	33.43	30.81	31.24	28.43	41.13	26.77
Full Range Median Multiple	40.54	30.95	34.41	30.34	42.29	28.10
Industry Multiple	96.79	118.60	134.88	225.14	48.25	60.01
Market Implied Multiple	62.75	70.81	64.10	83.54	15.13	27.18
Company (AMOT) Multiple	57.54	64.93	59.99	78.18	14.16	25.44
(*) Net Income / EBITDA / Revenue	9	8	12	9	49	27
Winsorized Enterprise Value	N/A	N/A	359	251	2,004	726
Full Range Median Enterprise Value	N/A	N/A	396	268	2,060	762
(-) Net Debt	168	168	168	168	168	168
Winsorized Equity Value	303	248	191	83	1,836	558
Full Range Median Equity Value	368	249	228	100	1,892	594
(/) Shares Outstanding	17	17	17	17	17	17
Winsorized Fair Value	$18.16	$14.83	$11.44	$4.95	$109.95	$33.41
Full Range Median Fair Value	$22.01	$14.90	$13.63	$5.96	$113.33	$35.57
Current Price	$34.08	$34.08	$34.08	$34.08	$34.08	$34.08
Upside / Downside	-46.72%	-56.49%	-66.43%	-85.48%	222.63%	-1.98%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$12.71	$10.38	$8.01	$3.46	$76.97	$23.38
Buy / Don't Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy	BUY	Don’t Buy