Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBIT Multiple | 93.8x - 103.7x | 98.8x |
| Selected Fwd EBIT Multiple | 24.1x - 26.6x | 25.3x |
| Fair Value | €2.85 - €3.28 | €3.06 |
| Upside | -26.0% - -14.8% | -20.4% |
| Benchmarks | Ticker | Full Ticker |
| Italian Wine Brands S.p.A. | IWB | BIT:IWB |
| Schloss Wachenheim AG | SWA | XTRA:SWA |
| Vranken-Pommery Monopole Société Anonyme | VRAP | ENXTPA:VRAP |
| Laurent-Perrier S.A. | LPE | ENXTPA:LPE |
| Lanson-BCC | ALLAN | ENXTPA:ALLAN |
| Masi Agricola S.p.A. | MASI | BIT:MASI |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| IWB | SWA | VRAP | LPE | ALLAN | MASI | ||
| BIT:IWB | XTRA:SWA | ENXTPA:VRAP | ENXTPA:LPE | ENXTPA:ALLAN | BIT:MASI | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | 23.2% | 3.7% | 10.3% | 13.0% | 21.1% | -28.0% | |
| 3Y CAGR | 18.5% | 4.4% | 6.6% | -0.9% | 13.9% | -43.0% | |
| Latest Twelve Months | 35.9% | 7.1% | -11.4% | -21.5% | -21.8% | -39.7% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 7.7% | 6.8% | 9.9% | 25.2% | 14.4% | 6.6% | |
| Prior Fiscal Year | 6.9% | 7.3% | 11.5% | 30.3% | 21.6% | 3.4% | |
| Latest Fiscal Year | 10.0% | 6.2% | 11.4% | 25.3% | 18.0% | 2.0% | |
| Latest Twelve Months | 10.0% | 6.4% | 11.4% | 25.3% | 18.0% | 2.0% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 0.70x | 0.60x | 2.63x | 2.69x | 2.95x | 2.49x | |
| EV / LTM EBITDA | 6.2x | 6.6x | 18.1x | 9.8x | 14.3x | 37.0x | |
| EV / LTM EBIT | 7.0x | 9.4x | 23.1x | 10.6x | 16.4x | 121.3x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | 7.0x | 10.6x | 23.1x | ||||
| Historical EV / LTM EBIT | 19.1x | 47.4x | 121.3x | ||||
| Selected EV / LTM EBIT | 93.8x | 98.8x | 103.7x | ||||
| (x) LTM EBIT | 1 | 1 | 1 | ||||
| (=) Implied Enterprise Value | 129 | 135 | 142 | ||||
| (-) Non-shareholder Claims * | (41) | (41) | (41) | ||||
| (=) Equity Value | 88 | 95 | 101 | ||||
| (/) Shares Outstanding | 32.2 | 32.2 | 32.2 | ||||
| Implied Value Range | 2.73 | 2.94 | 3.15 | ||||
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 2.73 | 2.94 | 3.15 | 3.85 | |||
| Upside / (Downside) | -29.0% | -23.6% | -18.1% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | IWB | SWA | VRAP | LPE | ALLAN | MASI | |
| Enterprise Value | 281 | 266 | 801 | 780 | 751 | 164 | |
| (+) Cash & Short Term Investments | 60 | 9 | 16 | 57 | 12 | 16 | |
| (+) Investments & Other | 0 | 1 | 21 | 3 | 10 | 0 | |
| (-) Debt | (149) | (97) | (722) | (273) | (530) | (52) | |
| (-) Other Liabilities | (0) | (59) | (5) | (4) | 0 | (5) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 191 | 120 | 110 | 563 | 243 | 124 | |
| (/) Shares Outstanding | 9.4 | 7.9 | 8.9 | 5.9 | 6.6 | 32.2 | |
| Implied Stock Price | 20.40 | 15.10 | 12.40 | 96.00 | 36.70 | 3.85 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 20.40 | 15.10 | 12.40 | 96.00 | 36.70 | 3.85 | |
| Trading Currency | EUR | EUR | EUR | EUR | EUR | EUR | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |