(as of 18/10/19)

Ticker | Company | Share price (local) | Market cap (US$MM) | Firm value (US$MM) | 2019E FV/Sales | 2020E FV/Sales | 2019E FV/EBITDA | 2020E FV/EBITDA | 2019E P/E | 2020E P/E |
---|---|---|---|---|---|---|---|---|---|---|

Platforms | ||||||||||

AAPL | Apple Inc. | 236.41 | 1,068,379MM | 966,187MM | 3.7x | 3.6x | 12.9x | 12.4x | 20.2x | 18.5x |

MSFT | Microsoft Corporation | 137.41 | 1,057,418MM | 1,010,054MM | 7.2x | 6.5x | 16.4x | 14.7x | 26.2x | 23.2x |

AMZN | Amazon.com, Inc. | 1,757.51 | 869,363MM | 899,514MM | 3.2x | 2.7x | 21.4x | 17.5x | 54.1x | 40.6x |

GOOGL | Alphabet Inc. | 1,244.41 | 863,272MM | 756,442MM | 5.7x | 4.9x | 12.8x | 11.0x | 21.8x | 19.8x |

FB | Facebook, Inc. | 185.85 | 530,221MM | 489,435MM | 7.0x | 5.7x | 13.2x | 10.8x | 21.0x | 17.1x |

BABA | Alibaba Group Holding | 169.13 | 440,342MM | 422,005MM | 5.9x | 4.5x | 19.0x | 14.8x | 24.4x | 19.7x |

0700.HK | Tencent Holdings 腾讯控股 | 324.80 | 397,810MM | 406,700MM | 7.5x | 6.0x | 21.3x | 17.9x | 29.6x | 24.4x |

NFLX | Netflix, Inc. | 275.30 | 120,651MM | 129,755MM | 6.4x | 5.3x | 41.3x | 28.8x | 70.0x | 44.4x |

3690.HK | Meituan Dianping 美团点评 | 96.75 | 71,951MM | 64,216MM | 4.9x | 3.7x | - | 48.9x | - | 75.4x |

UBER | Uber Technologies, Inc. | 32.06 | 54,502MM | 49,006MM | 3.8x | 2.8x | - | - | - | - |

PDD | Pinduoduo Inc. | 33.38 | 38,799MM | 34,218MM | 8.2x | 5.0x | - | - | - | 67.8x |

NTES | NetEase, Inc. | 286.03 | 36,601MM | 31,540MM | 3.0x | 2.8x | 15.1x | 13.4x | 21.9x | 20.4x |

TWTR | Twitter, Inc. | 38.99 | 30,140MM | 26,947MM | 7.6x | 6.5x | 20.5x | 17.4x | 19.7x | 36.5x |

SNAP | Snap Inc. | 13.52 | 18,648MM | 17,822MM | 10.5x | 7.7x | - | - | - | - |

LYFT | Lyft, Inc. | 40.79 | 11,944MM | 9,021MM | 2.6x | 2.0x | - | - | - | - |

Mean | 5.8x | 4.7x | 19.4x | 18.9x | 30.9x | 34.0x | ||||

Median | 5.9x | 4.9x | 17.7x | 14.8x | 23.2x | 23.8x |