Autostreets Development Ltd
HKEX:2443

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Autostreets Development Ltd
HKEX:2443
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Price: 1.85 HKD -1.6% Market Closed
Market Cap: HK$1.5B

EV/EBIT

21.4
Current
49%
Cheaper
vs 3-y average of 41.8

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
21.4
=
Enterprise Value
HK$804m
/
EBIT
¥31.8m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
21.4
=
Enterprise Value
HK$804m
/
EBIT
¥31.8m

Valuation Scenarios

Autostreets Development Ltd is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (41.8), the stock would be worth HK$3.63 (96% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-56%
Maximum Upside
+96%
Average Upside
43%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 21.4 HK$1.85
0%
3-Year Average 41.8 HK$3.63
+96%
5-Year Average 41.8 HK$3.63
+96%
Industry Average 9.3 HK$0.81
-56%
Country Average 28.9 HK$2.5
+35%

Forward EV/EBIT
Today’s price vs future ebit

Not enough data available to calculate forward EV/EBIT

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
CN
Autostreets Development Ltd
HKEX:2443
1.5B HKD 21.4 162.5
US
Service Corporation International
NYSE:SCI
12.3B USD 17.4 22.6
AU
Slater & Gordon Ltd
ASX:SGH
16.3B AUD 15.2 34.7
PH
Golden MV Holdings Inc
XPHS:HVN
373.2B PHP 374.5 914.3
US
ADT Inc
NYSE:ADT
6B USD 10.1 10
US
Frontdoor Inc
NASDAQ:FTDR
4.4B USD 11.5 17.1
US
H & R Block Inc
NYSE:HRB
3.8B USD 7 6.3
US
StubHub Holdings Inc
NYSE:STUB
2.5B USD 0 0
BS
Onespaworld Holdings Ltd
NASDAQ:OSW
2.4B USD 28.6 34.2
US
Mister Car Wash Inc
NYSE:MCW
2.2B USD 17.5 27.8
IN
Urban Company Ltd
NSE:URBANCO
207.4B INR -145.5 -271.2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CN
Autostreets Development Ltd
HKEX:2443
Average EV/EBIT: 55.9
21.4
N/A N/A
US
Service Corporation International
NYSE:SCI
17.4
6%
2.9
AU
Slater & Gordon Ltd
ASX:SGH
15.2
11%
1.4
PH
G
Golden MV Holdings Inc
XPHS:HVN
374.5
N/A N/A
US
ADT Inc
NYSE:ADT
10.1
4%
2.5
US
Frontdoor Inc
NASDAQ:FTDR
11.5
9%
1.3
US
H & R Block Inc
NYSE:HRB
7
8%
0.9
US
S
StubHub Holdings Inc
NYSE:STUB
Not Available N/A N/A
BS
Onespaworld Holdings Ltd
NASDAQ:OSW
28.6
11%
2.6
US
Mister Car Wash Inc
NYSE:MCW
17.5
16%
1.1
IN
Urban Company Ltd
NSE:URBANCO
Negative Multiple: -145.5 N/A N/A

Market Distribution

In line with most companies in China
Percentile
39th
Based on 5 337 companies
39th percentile
21.4
Low
0 — 16.6
Typical Range
16.6 — 52.9
High
52.9 —
Distribution Statistics
China
Min 0
30th Percentile 16.6
Median 28.9
70th Percentile 52.9
Max 49 021

Autostreets Development Ltd
Glance View

Autostreets Development Ltd. is a holding company, which engages in the operation of an auto trading platform and provides second-hand car auction services. The company is headquartered in Shanghai, Shanghai and currently employs 686 full-time employees. The company went IPO on 2024-05-31. The firm operates five major businesses. Used car auction business facilitates used car transactions through its trading platform in two auction formats: simultaneous auction and online auction. Used car value-added services mainly focus on facilitating used car replacement transactions for upstream sellers. Used car acquisition and sales arrangement business is mainly aimed at assisting dealer groups in conducting used car business while supplementing the supply of used cars on the trading platform. Exhibition business mainly includes hosting auto shows and exhibitions for dealer groups and main engine plants, as well as occasionally providing advertising services. Other businesses include providing new car registration and transfer services and global positioning system (GPS) installation services.

Intrinsic Value
2.16 HKD
Undervaluation 14%
Intrinsic Value
Price HK$1.85
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