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 | -12.0x - -13.3x | -12.7x |
| Selected Fwd EBIT Multiple | 6.5x - 7.2x | 6.8x |
| Fair Value | €0.82 - €1 | €0.91 |
| Upside | -29.0% - -12.8% | -20.9% |
| Benchmarks | Ticker | Full Ticker |
| Arctic Fish Holding AS | AFISH | OB:AFISH |
| AB Vilkyskiu pienine | VLP1L | NSEL:VLP1L |
| Centrale del Latte d'Italia S.p.A. | CLI | BIT:CLI |
| The Kingfish Company N.V. | KING | OB:KING |
| AS PRFoods | PRF1T | TLSE:PRF1T |
| Kaldvik AS | 4YYA | DB:4YYA |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| AFISH | VLP1L | CLI | KING | PRF1T | 4YYA | ||
| OB:AFISH | NSEL:VLP1L | BIT:CLI | OB:KING | TLSE:PRF1T | DB:4YYA | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | NM- | NM- | NM- | NM- | NM- | NM- | |
| 3Y CAGR | 8.4% | 43.0% | 23.8% | NM- | NM- | NM- | |
| Latest Twelve Months | -145.8% | 39.5% | 7.7% | -410.9% | 63.7% | -217.7% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 14.5% | 6.7% | 2.4% | -65.6% | -6.7% | 7.1% | |
| Prior Fiscal Year | 14.2% | 8.0% | 2.6% | -20.5% | -4.9% | 56.9% | |
| Latest Fiscal Year | 20.2% | 11.8% | 2.8% | -83.0% | -8.4% | -20.0% | |
| Latest Twelve Months | -10.1% | 10.9% | 2.9% | -83.0% | -2.2% | -19.6% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 2.84x | 0.63x | 0.23x | 6.18x | 0.79x | 3.02x | |
| EV / LTM EBITDA | 232.8x | 5.0x | 4.4x | -18.6x | 74.0x | -27.6x | |
| EV / LTM EBIT | -28.0x | 5.8x | 7.9x | -7.5x | -36.3x | -15.4x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | -36.3x | -7.5x | 7.9x | ||||
| Historical EV / LTM EBIT | -43.4x | 53.1x | 103.9x | ||||
| Selected EV / LTM EBIT | -12.0x | -12.7x | -13.3x | ||||
| (x) LTM EBIT | (23) | (23) | (23) | ||||
| (=) Implied Enterprise Value | 272 | 286 | 300 | ||||
| (-) Non-shareholder Claims * | (158) | (158) | (158) | ||||
| (=) Equity Value | 114 | 129 | 143 | ||||
| (/) Shares Outstanding | 166.5 | 166.5 | 166.5 | ||||
| Implied Value Range | 0.69 | 0.77 | 0.86 | ||||
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 0.69 | 0.77 | 0.86 | 1.15 | |||
| Upside / (Downside) | -40.3% | -32.8% | -25.4% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | AFISH | VLP1L | CLI | KING | PRF1T | 4YYA | |
| Enterprise Value | 233 | 165 | 80 | 172 | 16 | 349 | |
| (+) Cash & Short Term Investments | 0 | 3 | 50 | 4 | 1 | 20 | |
| (+) Investments & Other | 0 | 0 | 2 | 0 | 0 | 0 | |
| (-) Debt | (131) | (47) | (88) | (112) | (14) | (177) | |
| (-) Other Liabilities | 0 | (0) | 0 | 0 | 0 | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 101 | 121 | 44 | 64 | 2 | 192 | |
| (/) Shares Outstanding | 31.9 | 11.9 | 14.0 | 142.7 | 37.7 | 166.5 | |
| Implied Stock Price | 3.18 | 10.15 | 3.14 | 0.45 | 0.06 | 1.15 | |
| FX Conversion Rate to Trading Currency | 0.08 | 1.00 | 1.00 | 0.08 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 38.00 | 10.15 | 3.14 | 5.35 | 0.06 | 1.15 | |
| Trading Currency | NOK | EUR | EUR | NOK | EUR | EUR | |
| FX Rate to Reporting Currency | 0.08 | 1.00 | 1.00 | 0.08 | 1.00 | 1.00 | |