Chaoju Eye Care Holdings Limited (2219.HK)

Industry: Medical - Care Facilities 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
MEDANTA.BO	100	Global Health Limi	443	62.92	62.92	35.13	35.13	49.02	37.89
9530.SR	101	Arabian Internatio	440	-	-	9.31	9.31	-	19.81
0383.HK	102	Tian An Medicare L	418	16.32	22.36	2.53	2.84	6.60	6.70
600763.SS	103	Topchoice Medical	416	38.13	37.30	26.70	26.06	19.55	28.12
3869.HK	104	Hospital Corporati	411	25.57	25.57	6.47	6.47	9.22	8.23
CSU	105	Capital Senior Liv	411	-	-	-	-	-	-
KRSA3.SA	106	Kora Saúde Partic	410	-	-	10.90	10.90	10.81	13.11
2219.HK	107	Chaoju Eye Care Ho	395	4.77	4.77	2.62	2.62	3.10	3.47
4005.SR	108	National Medical C	394	23.37	18.42	15.93	13.23	21.43	16.66
KIMS.BO	109	Krishna Institute	376	83.48	69.26	38.52	31.06	56.48	45.96
SNDA	110	Sonida Senior Livi	375	-	-	25.85	28.44	-	-
BCH-R.BK	111	Bangkok Chain Hosp	375	25.00	24.61	11.06	10.77	17.35	18.79
DCGO	112	DocGo Inc.	368	-	-	-	-	-	-
2374.T	113	Saint-Care Holding	368	11.63	11.19	4.52	4.34	7.09	7.06
SNZ.AX	114	Summerset Group Ho	366	3.51	2.39	10.87	5.83	9.01	5.16
A50.SI	115	Thomson Medical Gr	353	-	-	51.18	52.52	-	134.26

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	23.37	22.36	10.90	10.77	10.81	14.88
Full Range Median Multiple	25.00	24.61	11.06	10.90	14.08	17.72
Industry Multiple	32.21	30.45	19.15	18.22	20.66	28.48
Market Implied Multiple	4.94	4.94	2.71	2.71	3.21	3.59
Company (2219.HK) Multiple	4.77	4.77	2.62	2.62	3.10	3.47
(*) Net Income / EBITDA / Revenue	55	55	98	98	83	74
Winsorized Enterprise Value	N/A	N/A	1,073	1,061	898	1,105
Full Range Median Enterprise Value	N/A	N/A	1,090	1,073	1,170	1,316
(-) Net Debt	-4	-4	-4	-4	-4	-4
Winsorized Equity Value	1,284	1,228	1,078	1,065	903	1,110
Full Range Median Equity Value	1,373	1,352	1,094	1,078	1,174	1,321
(/) Shares Outstanding	101	101	101	101	101	101
Winsorized Fair Value	$12.73	$12.18	$10.69	$10.57	$8.95	$11.01
Full Range Median Fair Value	$13.62	$13.41	$10.85	$10.69	$11.65	$13.10
Current Price	$2.69	$2.69	$2.69	$2.69	$2.69	$2.69
Upside / Downside	373.35%	352.86%	297.38%	292.90%	232.82%	309.19%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$8.91	$8.53	$7.48	$7.40	$6.27	$7.71
Buy / Don't Buy	BUY	BUY	BUY	BUY	BUY	BUY