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 | -68.5x - -75.7x | -72.1x |
Selected Fwd EBIT Multiple | -24.0x - -26.5x | -25.2x |
Fair Value | €0.93 - €1.25 | €1.09 |
Upside | -40.6% - -19.7% | -30.2% |
Benchmarks | Ticker | Full Ticker |
Binect AG | MA10 | DB:MA10 |
Nabag AG | NAB | HMSE:NAB |
Laiqon AG | LQAG | DB:LQAG |
Clere AG | CAG0 | HMSE:CAG0 |
Murphy & Spitz Green Capital Aktiengesellschaft | 6MP | DUSE:6MP |
AdCapital AG | ADC | DB:ADC |
- | - | - |
Select LTM EBIT Multiple | |||||||
Benchmark Companies | |||||||
MA10 | NAB | LQAG | CAG0 | 6MP | ADC | ||
DB:MA10 | HMSE:NAB | DB:LQAG | HMSE:CAG0 | DUSE:6MP | DB:ADC | ||
Historical EBIT Growth | |||||||
5Y CAGR | NM- | NM- | NM- | 10.1% | NM- | NM- | |
3Y CAGR | -50.5% | NM- | NM- | 8.5% | NM- | NM- | |
Latest Twelve Months | -93.5% | -365.2% | 25.6% | 18.2% | 5.2% | -120.2% | |
Historical EBIT Profit Margin | |||||||
5 Year Average Margin | -3.8% | -1.7% | -42.7% | 25.6% | -79.9% | 0.6% | |
Prior Fiscal Year | 2.2% | 2.7% | -47.6% | 22.1% | -81.9% | 1.7% | |
Latest Fiscal Year | 0.1% | -10.5% | -35.1% | 28.0% | -80.3% | -0.4% | |
Latest Twelve Months | 0.1% | -10.5% | -35.1% | 28.0% | -80.3% | -0.4% | |
Current Trading Multiples | |||||||
EV / LTM Revenue | 0.19x | 6.85x | 4.27x | 2.53x | 10.80x | 0.33x | |
EV / LTM EBITDA | 23.5x | NA | -21.1x | 3.9x | -14.1x | 15.5x | |
EV / LTM EBIT | 177.6x | -65.2x | -12.2x | 9.0x | -13.4x | -90.4x | |
Low | Mid | High | |||||
Benchmark EV / LTM EBIT | -65.2x | -12.2x | 177.6x | ||||
Historical EV / LTM EBIT | -90.4x | -4.7x | 8.7x | ||||
Selected EV / LTM EBIT | -68.5x | -72.1x | -75.7x | ||||
(x) LTM EBIT | (1) | (1) | (1) | ||||
(=) Implied Enterprise Value | 40 | 42 | 44 | ||||
(-) Non-shareholder Claims * | (30) | (30) | (30) | ||||
(=) Equity Value | 9 | 12 | 14 | ||||
(/) Shares Outstanding | 13.9 | 13.9 | 13.9 | ||||
Implied Value Range | 0.68 | 0.83 | 0.98 | ||||
FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | Market Price | |||
Implied Value Range (Trading Cur) | 0.68 | 0.83 | 0.98 | 1.56 | |||
Upside / (Downside) | -56.4% | -46.8% | -37.2% |
Equity Waterfall | |||||||
Benchmark Companies | |||||||
(in millions) | MA10 | NAB | LQAG | CAG0 | 6MP | ADC | |
Enterprise Value | 4 | 2 | 129 | 94 | (0) | 52 | |
(+) Cash & Short Term Investments | 2 | 0 | 14 | 0 | 0 | 4 | |
(+) Investments & Other | 0 | 0 | 1 | 0 | 4 | 0 | |
(-) Debt | (1) | 0 | (34) | 0 | 0 | (29) | |
(-) Other Liabilities | 0 | 0 | (9) | 0 | 0 | (5) | |
(-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
(-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
Value of Common Equity | 6 | 2 | 101 | 94 | 4 | 22 | |
(/) Shares Outstanding | 3.2 | 2.0 | 21.1 | 7.1 | 3.4 | 13.9 | |
Implied Stock Price | 1.76 | 0.95 | 4.80 | 13.30 | 1.25 | 1.56 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 1.76 | 0.95 | 4.80 | 13.30 | 1.25 | 1.56 | |
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 |