Investor Presentaiton
Benchmarking Yingde(1)
Yingde has the lowest AV/EBITDA and P/E multiples of peers yet high EBITDA margin and reasonable net margin
Trading Metrics
(2)
LTM Metrics
AV
Market Cap
AV/EBITDA
P/E
P/B
EBITDA
Margin
Net
Margin
63,414 -
Air
Liquide
41,903
Air
Liquide
13.9x
-
Air
Liquide
52.4x -
Air
Products
6.5x - Praxair
50.8%
-
SK
21.0% -
SK
42,979 Praxair
-
33,171 Praxair
12.2x
-
Prax air
25.5x - Taiyo
5.0x - SK
34.8% - Yingde
15.1% - Praxair
38,791 - Linde
30,491
Air
Products
11.2x
-
Air
Products
23.5x - Air Water
4.3x
-
Air
Products
33.8%
-
Praxair
10.3%
Air
Liquide
35,777 -
Air
Products
29,742 Linde
11.0x - Taiyo
23.3x - Linde
3.3x
-
Air
Liquide
33.6%
Air
Products
10.1% Wonik
8,457 - Taiyo
5,388 - Taiyo
10.3x
-
SK
22.9x
Air
Liquide
2.1x - Linde
25.6%
Air
Liquide
6.9% - Linde
5,114 Air Water
3,694 Air Water
9.1x
-
Linde
21.6x SK
-
2.0x - Taiyo
22.8%
-
Linde
6.1% - Yingde
2,579 - Yingde
1,581 - SK
8.8x
Wonik
21.0x Praxair
1.8x - Wonik
21.6% Wonik
-
6.1%
Air
Products
1,831 - SK
1,187 - Yingde
8.4x
-
Air Water
18.9x Wonik
1.8x - Air Water
13.8% - Taiyo
3.8% - Taiyo
329 - Wonik
331 - Wonik
6.2x - Yingde
16.1x - Yingde
1.2x - Ying de
10.5%
-
Air Water
YINGDE GASES GROUP COMPANY LIMITED
盈德氣體集團有限公司
Source
Company filings, CaplQ (for market capitalization)
Notes
1.
2.
Trading Metrics data as of 02/10/2017; LTM data as of 06/30/2016
Trading Metrics unit of US$ MM unless otherwise specified
2.7% Air Water
-
17View entire presentation