Yongjin Technology Group Co., Ltd. (603995.SS)

Industry: Steel 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
600282.SS	39	Nanjing Iron & Ste	7,920	12.06	11.63	10.61	10.62	14.72	17.09
CMC	40	Commercial Metals	7,798	76.07	96.60	15.38	16.37	7.90	12.56
KCO.DE	41	Klöckner & Co SE	7,518	-	-	11.50	11.50	60.72	192.18
601686.SS	42	Tianjin You Fa Ste	7,482	10.92	12.13	9.46	9.46	20.49	13.98
OUT1V.HE	43	Outokumpu Oyj	6,708	-	-	17.40	20.06	-	-
000761.SZ	44	Bengang Steel Plat	6,571	-	-	-	-	-	-
002110.SZ	45	Sansteel MinGuang	6,550	42.87	71.39	14.26	17.33	63.15	85.17
603995.SS	46	Yongjin Technology	6,027	9.58	8.43	10.33	9.42	12.83	10.84
JINDALSTEL.BO	47	Jindal Steel & Pow	5,414	39.45	33.60	15.05	15.23	23.26	5.55
600782.SS	48	Xinyu Iron & Steel	5,372	13.53	16.54	20.51	25.91	36.05	36.64
000778.SZ	49	Xinxing Ductile Ir	5,152	39.80	53.19	12.50	14.82	15.04	51.84
1266.HK	50	Xiwang Special Ste	5,119	-	-	4.80	5.60	-	-
VSVS.L	51	Vesuvius plc	4,898	5.66	5.83	2.94	2.76	5.48	4.43
USIM3.SA	52	Usinas Siderúrgic	4,812	-	-	17.58	23.62	-	-
EREGL.IS	53	Eregli Demir ve Ç	4,753	38.92	31.18	10.47	7.92	28.38	17.99
MTL-P	54	Mechel PAO	4,744	-	-	6.38	5.11	5,199.08	24.60

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	13.53	16.54	11.06	11.06	20.49	17.09
Full Range Median Multiple	38.92	31.18	12.00	13.16	23.26	17.99
Industry Multiple	31.03	36.90	12.06	13.31	497.66	42.00
Market Implied Multiple	10.30	9.06	10.77	9.82	13.38	11.30
Company (603995.SS) Multiple	9.58	8.43	10.33	9.42	12.83	10.84
(*) Net Income / EBITDA / Revenue	95	108	155	170	125	148
Winsorized Enterprise Value	N/A	N/A	1,719	1,885	2,563	2,532
Full Range Median Enterprise Value	N/A	N/A	1,866	2,243	2,911	2,666
(-) Net Debt	693	693	693	693	693	693
Winsorized Equity Value	1,289	1,792	1,027	1,192	1,871	1,839
Full Range Median Equity Value	3,707	3,378	1,174	1,550	2,218	1,973
(/) Shares Outstanding	52	52	52	52	52	52
Winsorized Fair Value	$24.84	$34.54	$19.78	$22.97	$36.05	$35.44
Full Range Median Fair Value	$71.44	$65.10	$22.62	$29.87	$42.74	$38.02
Current Price	$18.91	$18.91	$18.91	$18.91	$18.91	$18.91
Upside / Downside	31.37%	82.64%	4.61%	21.46%	90.64%	87.40%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$17.39	$24.18	$13.85	$16.08	$25.24	$24.81
Buy / Don't Buy	Don’t Buy	BUY	Don’t Buy	Don’t Buy	BUY	BUY