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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Ps Multiple | 2.5x - 2.8x | 2.6x |
Selected Fwd Ps Multiple | 2.0x - 2.2x | 2.1x |
Fair Value | €26.51 - €29.30 | €27.91 |
Upside | -6.6% - 3.2% | -1.7% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
CommScope Holding Company, Inc. | - | NasdaqGS:COMM |
Ondas Holdings Inc. | - | NasdaqCM:ONDS |
Digi International Inc. | - | NasdaqGS:DGII |
Belden Inc. | - | NYSE:BDC |
Harmonic Inc. | - | NasdaqGS:HLIT |
Clearfield, Inc. | - | DB:AP7 |
Select Price / LTM Sales Ratio | ||||||||
Benchmark Companies | ||||||||
COMM | ONDS | DGII | BDC | HLIT | AP7 | |||
NasdaqGS:COMM | NasdaqCM:ONDS | NasdaqGS:DGII | NYSE:BDC | NasdaqGS:HLIT | DB:AP7 | |||
Historical Sales Growth | ||||||||
5Y CAGR | -12.8% | 86.3% | 10.8% | 2.9% | 11.0% | 14.4% | ||
3Y CAGR | -14.5% | 35.3% | 11.2% | 2.3% | 10.2% | 5.8% | ||
Latest Twelve Months | 20.9% | -21.2% | -2.4% | 12.9% | 24.1% | 5.7% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | -14.1% | -891.2% | 5.0% | 5.6% | 4.3% | 8.7% | ||
Prior Fiscal Year | -25.4% | -295.4% | 5.6% | 9.7% | 13.8% | 12.1% | ||
Latest Fiscal Year | -12.5% | -589.8% | 5.3% | 8.1% | 5.8% | -7.5% | ||
Latest Twelve Months | 1.9% | -433.8% | 10.1% | 8.6% | 10.0% | -1.0% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 11.5x | -20.0x | 14.3x | 14.2x | 8.7x | 134.8x | ||
Price / LTM Sales | 0.7x | 55.4x | 3.0x | 1.9x | 1.5x | 2.6x | ||
LTM P/E Ratio | 38.1x | -12.8x | 29.7x | 21.9x | 15.1x | 2295.5x | ||
Low | Mid | High | ||||||
Benchmark LTM P/S Ratio | 0.7x | 1.9x | 55.4x | |||||
Historical LTM P/S Ratio | 1.4x | 3.3x | 6.5x | |||||
Selected Price / Sales Multiple | 2.5x | 2.6x | 2.8x | |||||
(x) LTM Sales | 179 | 179 | 179 | |||||
(=) Equity Value | 451 | 475 | 499 | |||||
(/) Shares Outstanding | 13.8 | 13.8 | 13.8 | |||||
Implied Value Range | 32.70 | 34.42 | 36.14 | |||||
FX Rate: USD/EUR | 1.2 | 1.2 | 1.2 | Market Price | ||||
Implied Value Range (Trading Cur) | 27.99 | 29.46 | 30.93 | 28.39 | ||||
Upside / (Downside) | -1.4% | 3.8% | 9.0% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | COMM | ONDS | DGII | BDC | HLIT | AP7 | |
Value of Common Equity | 3,376 | 599 | 1,206 | 4,684 | 995 | 458 | |
(/) Shares Outstanding | 221.5 | 174.8 | 37.1 | 39.6 | 113.8 | 13.8 | |
Implied Stock Price | 15.24 | 3.43 | 32.50 | 118.23 | 8.75 | 33.17 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.17 | |
Implied Stock Price (Trading Cur) | 15.24 | 3.43 | 32.50 | 118.23 | 8.75 | 28.39 | |
Trading Currency | USD | USD | USD | USD | USD | EUR | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.17 |