Park-Ohio Holdings Corp. (PKOH)

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
1333.HK	128	Breton Technology	1,810	10.53	14.11	4.53	5.68	-	10.19
6371.T	129	Tsubakimoto Chain	1,789	9.63	7.90	3.89	3.48	8.60	6.95
5631.T	130	The Japan Steel Wo	1,773	30.05	24.34	17.42	14.57	23.19	20.54
6005.T	131	Miura Co., Ltd.	1,695	13.35	11.72	6.84	6.09	7.59	10.71
000404.SZ	132	Changhong Huayi Co	1,650	10.80	6.82	5.96	5.17	6.14	4.63
000666.SZ	133	Jingwei Textile Ma	1,639	6.58	6.66	2.04	2.32	4.42	2.97
JST.DE	134	JOST Werke AG	1,613	25.46	17.45	7.54	6.29	16.45	16.56
PKOH	135	Park-Ohio Holdings	1,593	12.47	12.47	8.77	7.87	11.84	10.05
CXT	136	Crane NXT, Co.	1,579	20.00	20.00	12.13	12.13	12.47	17.17
002441.SZ	137	Zhongyeda Electric	1,578	23.58	24.83	16.72	17.60	23.59	19.37
6135.T	138	Makino Milling Mac	1,576	17.41	17.41	8.58	6.34	9.81	12.10
VOLTAS.BO	139	Voltas Limited	1,563	82.24	77.42	55.02	49.26	251.90	25.19
6406.T	140	Fujitec Co., Ltd.	1,541	28.45	25.39	14.93	13.38	13.02	18.04
SFPI.PA	141	Get Groupe SFPI S.	1,531	23.27	23.47	-	-	8.18	5.26
0G15.L	142	Koenig & Bauer AG	1,518	-	-	12.04	13.29	-	-
600765.SS	143	AVIC Heavy Machine	1,505	104.06	111.34	30.76	31.12	96.65	71.25

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	18.71	17.43	8.06	6.32	9.81	11.40
Full Range Median Multiple	21.64	18.73	10.31	9.23	12.47	14.33
Industry Multiple	28.96	27.78	14.17	13.34	37.08	17.21
Market Implied Multiple	13.52	13.52	9.00	8.07	12.15	10.31
Company (PKOH) Multiple	12.47	12.47	8.77	7.87	11.84	10.05
(*) Net Income / EBITDA / Revenue	24	24	109	121	80	95
Winsorized Enterprise Value	N/A	N/A	875	765	789	1,081
Full Range Median Enterprise Value	N/A	N/A	1,119	1,118	1,002	1,358
(-) Net Debt	659	659	659	659	659	659
Winsorized Equity Value	440	410	216	105	130	422
Full Range Median Equity Value	508	440	460	459	343	699
(/) Shares Outstanding	14	14	14	14	14	14
Winsorized Fair Value	$31.85	$29.69	$15.67	$7.64	$9.41	$30.58
Full Range Median Fair Value	$36.85	$31.89	$33.36	$33.24	$24.87	$50.67
Current Price	$23.03	$23.03	$23.03	$23.03	$23.03	$23.03
Upside / Downside	38.32%	28.91%	-31.95%	-66.81%	-59.13%	32.77%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$22.30	$20.78	$10.97	$5.35	$6.59	$21.40
Buy / Don't Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy