Motorcycle Holdings IPO, page-7

Any idea of instos vs retail % ?

As per proforma, ROE ~21, ROA ~10
Based on some subset universe of automotive dealership overseas, PE averaging ~12 so PE11 fairly priced.
ROE averaging at 22, so fairly priced.
ROA averaging at 5, so based on this metric MTO is better.
EBIT margin averaging at 4, and MTO at 4.9

Any local publicly listed dealership to benchmark against?
My subset of universe that I used are GPI,LAD,AN,PAG,SAH and ABG.

Reckon $2 is fairly priced.
Thoughts?