SW Umwelttechnik Stoiser & Wolschner AG (SWUT.VI)

Industry: Industrial - Pollution & Treatment Controls 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
AGUA.MX	20	Grupo Rotoplas S.A	609	-	-	10.77	11.02	21.87	23.51
6944.TWO	21	Mega Union Technol	607	11.44	11.44	7.29	7.29	5.61	7.54
GVS.MI	22	GVS S.p.A.	507	61.78	76.12	14.97	14.89	20.04	21.04
PRV.L	23	Porvair plc	503	11.60	9.63	6.41	5.24	7.80	6.95
6331.T	24	Mitsubishi Kakoki	441	10.02	8.32	5.63	4.77	5.66	5.98
1535.TW	25	China Ecotek Corpo	372	13.81	11.16	8.82	6.41	15.74	7.48
IONEXCHANG.BO	26	Ion Exchange (Indi	315	22.77	19.60	13.82	12.11	21.38	17.36
SWUT.VI	27	SW Umwelttechnik S	291	3.14	1.91	3.22	2.76	15.03	4.57
WAH.DE	28	Wolftank-Adisa Hol	283	-	-	4.87	4.87	-	68.81
300272.SZ	29	Canature Health Te	254	39.59	40.07	19.59	20.14	16.77	22.85
300664.SZ	30	Penyao Environment	245	17.23	19.17	15.46	16.80	11.16	19.32
6489.T	31	Maezawa Industries	241	8.81	7.14	3.61	3.02	3.89	3.40
2014.HK	32	Ozner Water Intern	240	-	-	-	-	-	-
300425.SZ	33	Cscec Scimee Sci.&	237	54.53	67.03	31.78	36.67	-	75.42
688679.SS	34	Anhui Tongyuan Env	204	-	-	106.23	143.38	65.37	280.77
1527.HK	35	Zhejiang Tengy Env	185	1.27	1.16	-1.93	-1.79	-2.75	-1.68

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	11.60	11.16	8.82	7.29	11.16	17.36
Full Range Median Multiple	13.81	11.44	10.77	11.02	15.74	19.32
Industry Multiple	22.99	24.62	19.17	22.05	17.75	43.11
Market Implied Multiple	2.97	1.81	3.17	2.73	14.83	4.51
Company (SWUT.VI) Multiple	3.14	1.91	3.22	2.76	15.03	4.57
(*) Net Income / EBITDA / Revenue	9	15	36	42	8	25
Winsorized Enterprise Value	N/A	N/A	317	305	86	439
Full Range Median Enterprise Value	N/A	N/A	387	461	121	488
(-) Net Debt	87	87	87	87	87	87
Winsorized Equity Value	107	170	230	218	-1	352
Full Range Median Equity Value	127	174	300	375	34	402
(/) Shares Outstanding	1	1	1	1	1	1
Winsorized Fair Value	$125.61	$198.99	$270.09	$256.23	$-0.95	$412.95
Full Range Median Fair Value	$149.43	$204.11	$352.30	$439.40	$40.39	$471.19
Current Price	$32.20	$32.20	$32.20	$32.20	$32.20	$32.20
Upside / Downside	290.09%	517.98%	738.78%	695.75%	-102.96%	1,182.47%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$87.93	$139.29	$189.06	$179.36	$-0.67	$289.07
Buy / Don't Buy	BUY	BUY	BUY	BUY	Don’t Buy	BUY