Похоже, при загрузке страницы произошла ошибка.
Наша команда получила уведомление. Если проблема сохранится, свяжитесь с нами через виджет поддерж. по email.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBITDA Multiple | 16,6x - 18,3x | 17,5x |
| Selected Fwd EBITDA Multiple | 12,9x - 14,2x | 13,5x |
| Fair Value | 17,89R$ - 21,04R$ | 19,46R$ |
| Upside | 24,9% - 47,0% | 35,9% |
| Benchmarks | Ticker | Full Ticker |
| VNET Group, Inc. | VNET | NasdaqGS:VNET |
| Kingsoft Cloud Holdings Limited | KC | NasdaqGS:KC |
| MicroAlgo Inc. | MLGO | NasdaqCM:MLGO |
| Hitek Global Inc. | HKIT | NasdaqCM:HKIT |
| Chinasoft International Limited | CFTL.F | OTCPK:CFTL.F |
| GDS Holdings Limited | G1DS34 | BOVESPA:G1DS34 |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| VNET | KC | MLGO | HKIT | CFTL.F | G1DS34 | ||
| NasdaqGS:VNET | NasdaqGS:KC | NasdaqCM:MLGO | NasdaqCM:HKIT | OTCPK:CFTL.F | BOVESPA:G1DS34 | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | 17.1% | NM- | NM- | -44.5% | -6.3% | 22.5% | |
| 3Y CAGR | 16.5% | NM- | NM- | -58.6% | -14.0% | 11.6% | |
| Latest Twelve Months | 29.8% | 186.3% | -213.0% | -144.6% | -14.4% | 7.9% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 24.1% | -8.2% | 8.7% | 26.7% | 5.7% | 40.4% | |
| Prior Fiscal Year | 23.0% | -7.3% | 0.8% | 25.7% | 4.0% | 40.9% | |
| Latest Fiscal Year | 26.8% | 5.7% | -22.6% | 3.3% | 4.0% | 42.6% | |
| Latest Twelve Months | 26.8% | 5.7% | -17.8% | -18.1% | 3.3% | 42.6% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 3.95x | 3.45x | 1.58x | 4.17x | 0.69x | 6.49x | |
| EV / LTM EBITDA | 14.7x | 60.5x | -8.9x | -23.1x | 21.2x | 15.3x | |
| EV / LTM EBIT | 48.7x | -32.8x | -8.8x | -18.5x | 28.1x | 58.2x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | -23.1x | 14.7x | 60.5x | ||||
| Historical EV / LTM EBITDA | 13.0x | 16.9x | 63.0x | ||||
| Selected EV / LTM EBITDA | 16.6x | 17.5x | 18.3x | ||||
| (x) LTM EBITDA | 4,395 | 4,395 | 4,395 | ||||
| (=) Implied Enterprise Value | 72,947 | 76,787 | 80,626 | ||||
| (-) Non-shareholder Claims * | (30,258) | (30,258) | (30,258) | ||||
| (=) Equity Value | 42,689 | 46,529 | 50,368 | ||||
| (/) Shares Outstanding | 1,980.3 | 1,980.3 | 1,980.3 | ||||
| Implied Value Range | 21.56 | 23.50 | 25.43 | ||||
| FX Rate: CNY/BRL | 1.3 | 1.3 | 1.3 | Market Price | |||
| Implied Value Range (Trading Cur) | 17.10 | 18.64 | 20.17 | 14.32 | |||
| Upside / (Downside) | 19.4% | 30.1% | 40.9% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | VNET | KC | MLGO | HKIT | CFTL.F | G1DS34 | |
| Enterprise Value | 32,716 | 26,651 | 956 | 14 | 13,305 | 66,012 | |
| (+) Cash & Short Term Investments | 1,492 | 2,739 | 475 | 25 | 2,936 | 7,868 | |
| (+) Investments & Other | 795 | 234 | 0 | 1 | 2,245 | 7,545 | |
| (-) Debt | (18,450) | (5,907) | (165) | (3) | (3,803) | (44,460) | |
| (-) Other Liabilities | (555) | (337) | (10) | 0 | (24) | (130) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | (1,081) | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 15,998 | 23,380 | 1,257 | 38 | 14,659 | 35,754 | |
| (/) Shares Outstanding | 267.0 | 230.4 | 10.0 | 29.3 | 2,488.6 | 1,980.3 | |
| Implied Stock Price | 59.93 | 101.48 | 126.03 | 1.30 | 5.89 | 18.05 | |
| FX Conversion Rate to Trading Currency | 7.26 | 7.26 | 7.26 | 1.00 | 7.26 | 1.26 | |
| Implied Stock Price (Trading Cur) | 8.25 | 13.97 | 17.35 | 1.30 | 0.81 | 14.32 | |
| Trading Currency | USD | USD | USD | USD | USD | BRL | |
| FX Rate to Reporting Currency | 7.26 | 7.26 | 7.26 | 1.00 | 7.26 | 1.26 | |