Zhejiang Meilun Elevator Co Ltd
SSE:603321

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Zhejiang Meilun Elevator Co Ltd Logo
Zhejiang Meilun Elevator Co Ltd
SSE:603321
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Price: 7.51 CNY 1.08% Market Closed
Market Cap: ¥2.6B

EV/IC

2
Current
10%
More Expensive
vs 3-y average of 1.9

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
2
=
Enterprise Value
¥1.9B
/
Invested Capital
¥858.9m

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
2
=
Enterprise Value
¥1.9B
/
Invested Capital
¥858.9m

Valuation Scenarios

Zhejiang Meilun Elevator Co Ltd is trading above its 3-year average

If EV/IC returns to its 3-Year Average (1.9), the stock would be worth ¥6.85 (9% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-18%
Maximum Upside
+19%
Average Downside
3%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 2 ¥7.51
0%
3-Year Average 1.9 ¥6.85
-9%
5-Year Average 1.7 ¥6.12
-18%
Industry Average 2.4 ¥8.9
+19%
Country Average 1.9 ¥7.13
-5%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
CN
Zhejiang Meilun Elevator Co Ltd
SSE:603321
2.6B CNY 2 56.1
JP
Fujitec Co Ltd
TSE:6406
2 720 795.8T JPY 2.2 0
JP
Ishii Iron Works Co Ltd
TSE:6362
304.2T JPY 17 333.2 363 670.8
JP
Star Micronics Co Ltd
TSE:7718
48T JPY 0.9 29.8
US
Parker-Hannifin Corp
NYSE:PH
119.6B USD 4.5 33.8
JP
Freund Corp
TSE:6312
16.9T JPY 908.7 8 494.3
JP
Mitsubishi Heavy Industries Ltd
TSE:7011
15.5T JPY 2.7 55.2
SE
Atlas Copco AB
STO:ATCO A
839.4B SEK 5 31.8
US
Illinois Tool Works Inc
NYSE:ITW
76.7B USD 5.6 24.9
US
Barnes Group Inc
NYSE:B
64.4B USD 1.4 12.8
SE
Sandvik AB
STO:SAND
477B SEK 2.9 32.2

Market Distribution

In line with most companies in China
Percentile
52st
Based on 7 566 companies
52st percentile
2
Low
0 — 1.1
Typical Range
1.1 — 3.4
High
3.4 —
Distribution Statistics
China
Min 0
30th Percentile 1.1
Median 1.9
70th Percentile 3.4
Max 1 129 391.6

Zhejiang Meilun Elevator Co Ltd
Glance View

Market Cap
2.6B CNY
Industry
Machinery

Zhejiang Meilun Elevator Co., Ltd. engages in the research, development, design, manufacture, and sale, of elevators, escalators, and automatic sidewalks. The company is headquartered in Shaoxing, Zhejiang and currently employs 602 full-time employees. The company went IPO on 2017-09-15. The firm's primary products include elevators, escalators, moving walkways and related ancillary products. The elevators mainly include passenger lifts, sightseeing elevators, bed elevators, cargo elevators, hydraulic elevators, car elevators, home ladders and three-dimensional garage. The firm is also involved in the provision of relevant installation, retrofit, repair and maintenance services. The firm mainly operates its business in the domestic market.

Intrinsic Value
4.76 CNY
Overvaluation 37%
Intrinsic Value
Price ¥7.51
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