Preformed Line Products Company (PLPC)

Industry: Electrical 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
002121.SZ	133	Shenzhen Clou Elec	725	-	-	35.37	35.37	137.91	362.37
6617.T	134	Takaoka Toko Co.,	690	10.26	8.40	3.76	3.42	5.06	4.55
002518.SZ	135	Shenzhen KSTAR Sci	689	49.75	45.95	47.31	44.86	29.22	38.09
688128.SS	136	China National Ele	688	24.30	21.39	20.19	17.77	26.18	19.87
002882.SZ	137	Jinlongyu Group Co	677	117.58	130.08	79.98	87.86	66.55	101.44
PLUG	138	Plug Power Inc.	676	-	-	-	-	-	-
603556.SS	139	Hexing Electrical	664	14.22	12.62	13.47	12.01	10.87	11.59
PLPC	140	Preformed Line Pro	663	25.90	25.24	12.51	11.98	17.12	13.88
603045.SS	141	Fuda Alloy Materia	661	46.13	44.72	31.02	30.65	23.24	44.49
603031.SS	142	Anhui Anfu Battery	660	50.25	26.68	9.69	5.97	8.82	4.42
6516.T	143	Sanyo Denki Co., L	656	16.59	11.68	6.30	5.41	8.32	7.80
002706.SZ	144	Shanghai Liangxin	656	40.28	41.10	29.81	30.23	44.93	35.87
600478.SS	145	Hunan Corun New En	647	57.83	57.83	34.34	20.74	74.33	107.18
300870.SZ	146	Shenzhen Honor Ele	642	68.57	59.73	52.76	46.21	55.60	52.61
LUCE.L	147	Luceco plc	637	7.04	7.04	4.38	4.38	6.55	6.44
002692.SZ	148	Yuan Cheng Cable C	635	55.79	59.15	69.77	86.48	65.56	54.08

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	40.28	26.68	25.00	19.25	24.71	27.87
Full Range Median Multiple	46.13	41.10	30.42	25.49	27.70	36.98
Industry Multiple	42.97	40.49	31.30	30.81	40.22	60.77
Market Implied Multiple	32.62	31.79	16.00	15.32	21.89	17.75
Company (PLPC) Multiple	25.90	25.24	12.51	11.98	17.12	13.88
(*) Net Income / EBITDA / Revenue	37	38	72	75	53	65
Winsorized Enterprise Value	N/A	N/A	1,797	1,445	1,298	1,806
Full Range Median Enterprise Value	N/A	N/A	2,186	1,913	1,455	2,396
(-) Net Debt	-67	-67	-67	-67	-67	-67
Winsorized Equity Value	1,502	1,021	1,864	1,512	1,365	1,872
Full Range Median Equity Value	1,721	1,573	2,253	1,980	1,522	2,463
(/) Shares Outstanding	5	5	5	5	5	5
Winsorized Fair Value	$305.03	$207.28	$378.47	$306.96	$277.06	$380.17
Full Range Median Fair Value	$349.41	$319.38	$457.44	$401.94	$308.99	$500.01
Current Price	$247.02	$247.02	$247.02	$247.02	$247.02	$247.02
Upside / Downside	23.48%	-16.09%	53.21%	24.27%	12.16%	53.90%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$213.52	$145.09	$264.93	$214.87	$193.94	$266.12
Buy / Don't Buy	Don’t Buy	Don’t Buy	BUY	Don’t Buy	Don’t Buy	BUY