PT Enseval Putera Megatrading Tbk. (EPMT.JK)

Industry: Medical - Distribution 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
600056.SS	13	China Meheco Group	4,818	30.71	36.29	16.92	19.28	17.43	28.11
CVET	14	Covetrus, Inc.	4,649	-	-	19.05	19.05	241.69	966.75
3151.T	15	Vital KSK Holdings	3,869	8.41	7.26	3.77	3.64	12.59	6.38
603368.SS	16	Guangxi LiuYao Gro	2,973	9.46	9.36	11.13	11.04	11.13	13.77
API.AX	17	Australian Pharmac	2,654	-	-	-	-	10.03	10.03
0RRB.L	18	DocMorris AG	2,596	-	-	-	-	1.21	5.32
PFRM3.SA	19	Profarma Distribui	2,043	8.38	6.91	4.69	4.19	4.15	5.48
EPMT.JK	20	PT Enseval Putera	1,923	8.22	7.70	4.92	4.67	5.42	5.45
600739.SS	21	Liaoning Cheng Da	1,578	21.68	27.19	200.18	320.63	-	40.58
GRDN	22	Guardian Pharmacy	1,390	40.50	40.50	19.80	19.80	24.87	27.72
2289.HK	23	Charmacy Pharmaceu	1,238	6.94	6.48	4.08	3.50	9.36	8.72
ARJO-B.ST	24	Arjo AB (publ)	1,202	20.50	21.13	6.68	6.54	21.08	17.60
PBH	25	Prestige Consumer	1,111	15.23	14.62	8.37	8.25	9.38	8.84
002589.SZ	26	Realcan Pharmaceut	1,037	-	-	29.64	34.39	34.21	1,593.27
7081.KL	27	Pharmaniaga Berhad	964	2.47	2.47	4.89	4.89	14.26	5.01
008930.KS	28	Hanmi Science Co.,	911	35.04	25.31	43.81	36.62	17.52	22.08

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	9.46	9.36	8.37	8.25	11.86	10.03
Full Range Median Multiple	15.23	14.62	11.13	11.04	13.42	13.77
Industry Multiple	18.12	17.96	28.69	37.83	30.64	183.98
Market Implied Multiple	8.25	7.73	4.94	4.69	5.44	5.47
Company (EPMT.JK) Multiple	8.22	7.70	4.92	4.67	5.42	5.45
(*) Net Income / EBITDA / Revenue	45	48	71	75	65	64
Winsorized Enterprise Value	N/A	N/A	597	620	768	646
Full Range Median Enterprise Value	N/A	N/A	794	831	870	888
(-) Net Debt	-21	-21	-21	-21	-21	-21
Winsorized Equity Value	428	452	618	641	789	667
Full Range Median Equity Value	690	707	815	852	891	909
(/) Shares Outstanding	0	0	0	0	0	0
Winsorized Fair Value	$2,646.03	$2,797.31	$3,821.71	$3,965.47	$4,879.92	$4,126.34
Full Range Median Fair Value	$4,262.73	$4,367.78	$5,037.94	$5,265.37	$5,507.41	$5,617.45
Current Price	$2,310.00	$2,310.00	$2,310.00	$2,310.00	$2,310.00	$2,310.00
Upside / Downside	14.55%	21.10%	65.44%	71.67%	111.25%	78.63%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$1,852.22	$1,958.12	$2,675.20	$2,775.83	$3,415.95	$2,888.44
Buy / Don't Buy	Don’t Buy	Don’t Buy	BUY	BUY	BUY	BUY