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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | 11.9x - 13.2x | 12.5x |
Selected Fwd P/E Multiple | 8.8x - 9.7x | 9.3x |
Fair Value | €26.82 - €29.65 | €28.23 |
Upside | -18.0% - -9.3% | -13.7% |
Benchmarks | - | Full Ticker |
Groupe Airwell Société anonyme | - | ENXTPA:ALAIR |
Miliboo Société anonyme | - | ENXTPA:ALMLB |
MG International S.A. | - | ENXTPA:ALMGI |
Lexibook - Linguistic Electronic System Société anonyme | - | ENXTPA:ALLEX |
Cabasse Société anonyme | - | ENXTPA:ALCAB |
Kaufman & Broad S.A. | - | DB:3GH |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
ALAIR | ALMLB | ALMGI | ALLEX | ALCAB | 3GH | |||
ENXTPA:ALAIR | ENXTPA:ALMLB | ENXTPA:ALMGI | ENXTPA:ALLEX | ENXTPA:ALCAB | DB:3GH | |||
Historical Net Income Growth | ||||||||
5Y CAGR | NM- | NM- | -5.7% | NM- | NM- | -10.4% | ||
3Y CAGR | NM- | 8.7% | -39.3% | 25.3% | NM- | 0.8% | ||
Latest Twelve Months | -219.4% | -22.6% | -64.9% | 47.7% | -70.5% | 14.9% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 1.3% | 0.4% | 6.8% | 6.8% | -13.8% | 5.3% | ||
Prior Fiscal Year | 2.2% | -3.6% | 5.6% | 8.5% | -13.3% | 4.3% | ||
Latest Fiscal Year | -3.4% | 5.5% | 2.3% | 10.0% | -30.1% | 4.2% | ||
Latest Twelve Months | -3.4% | 3.2% | 2.3% | 10.0% | -30.1% | 4.1% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | -16.3x | 5.0x | 6.9x | 5.4x | -4.5x | 3.3x | ||
Price / LTM Sales | 0.2x | 0.2x | 0.3x | 0.6x | 0.1x | 0.6x | ||
LTM P/E Ratio | -4.6x | 6.3x | 12.3x | 5.7x | -0.2x | 14.2x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | -4.6x | 5.7x | 12.3x | |||||
Historical LTM P/E Ratio | 9.3x | 12.1x | 24.3x | |||||
Selected P/E Multiple | 11.9x | 12.5x | 13.2x | |||||
(x) LTM Net Income | 46 | 46 | 46 | |||||
(=) Equity Value | 542 | 570 | 599 | |||||
(/) Shares Outstanding | 19.6 | 19.6 | 19.6 | |||||
Implied Value Range | 27.64 | 29.09 | 30.55 | |||||
FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 27.64 | 29.09 | 30.55 | 32.70 | ||||
Upside / (Downside) | -15.5% | -11.0% | -6.6% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | ALAIR | ALMLB | ALMGI | ALLEX | ALCAB | 3GH | |
Value of Common Equity | 8 | 8 | 17 | 42 | 0 | 641 | |
(/) Shares Outstanding | 6.1 | 6.9 | 5.2 | 7.8 | 3.8 | 19.6 | |
Implied Stock Price | 1.30 | 1.20 | 3.30 | 5.46 | 0.10 | 32.70 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 1.30 | 1.20 | 3.30 | 5.46 | 0.10 | 32.70 | |
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 |