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 | 10.3x - 11.4x | 10.9x |
Selected Fwd EBIT Multiple | 6.1x - 6.8x | 6.4x |
Fair Value | €5.50 - €6.49 | €6 |
Upside | -29.0% - -16.3% | -22.6% |
Benchmarks | Ticker | Full Ticker |
Singulus Technologies AG | SNG | XTRA:SNG |
MS Industrie AG | MSAG | XTRA:MSAG |
MAX Automation SE | MXHN | XTRA:MXHN |
STS Group AG | SF3 | XTRA:SF3 |
Koenig & Bauer AG | SKB | XTRA:SKB |
DATRON AG | DAR | DB:DAR |
- | - | - |
Select LTM EBIT Multiple | |||||||
Benchmark Companies | |||||||
SNG | MSAG | MXHN | SF3 | SKB | DAR | ||
XTRA:SNG | XTRA:MSAG | XTRA:MXHN | XTRA:SF3 | XTRA:SKB | DB:DAR | ||
Historical EBIT Growth | |||||||
5Y CAGR | NM- | NM- | NM- | NM- | NM- | -2.8% | |
3Y CAGR | NM- | NM- | 10.9% | 23.5% | NM- | -14.7% | |
Latest Twelve Months | 92.0% | -155.0% | -66.7% | 1.5% | -272.6% | -43.4% | |
Historical EBIT Profit Margin | |||||||
5 Year Average Margin | -24.7% | -0.3% | 3.0% | 0.3% | 0.9% | 8.2% | |
Prior Fiscal Year | -13.8% | 3.1% | 5.5% | 2.3% | 2.3% | 9.2% | |
Latest Fiscal Year | -1.1% | -2.5% | 4.0% | 2.1% | -3.0% | 5.5% | |
Latest Twelve Months | -1.1% | -2.5% | 1.9% | 2.1% | -3.3% | 5.5% | |
Current Trading Multiples | |||||||
EV / LTM Revenue | 0.53x | 0.23x | 0.85x | 0.16x | 0.30x | 0.75x | |
EV / LTM EBITDA | 50.5x | 8.9x | 21.3x | 2.9x | -167.8x | 10.3x | |
EV / LTM EBIT | -50.5x | -9.4x | 45.4x | 7.6x | -9.3x | 13.7x | |
Low | Mid | High | |||||
Benchmark EV / LTM EBIT | -50.5x | -9.3x | 45.4x | ||||
Historical EV / LTM EBIT | 4.8x | 7.2x | 13.7x | ||||
Selected EV / LTM EBIT | 10.3x | 10.9x | 11.4x | ||||
(x) LTM EBIT | 3 | 3 | 3 | ||||
(=) Implied Enterprise Value | 35 | 37 | 38 | ||||
(-) Non-shareholder Claims * | (15) | (15) | (15) | ||||
(=) Equity Value | 19 | 21 | 23 | ||||
(/) Shares Outstanding | 4.0 | 4.0 | 4.0 | ||||
Implied Value Range | 4.88 | 5.34 | 5.80 | ||||
FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | Market Price | |||
Implied Value Range (Trading Cur) | 4.88 | 5.34 | 5.80 | 7.75 | |||
Upside / (Downside) | -37.0% | -31.1% | -25.1% |
Equity Waterfall | |||||||
Benchmark Companies | |||||||
(in millions) | SNG | MSAG | MXHN | SF3 | SKB | DAR | |
Enterprise Value | 40 | 41 | 296 | 51 | 386 | 46 | |
(+) Cash & Short Term Investments | 11 | 2 | 14 | 26 | 97 | 7 | |
(+) Investments & Other | 0 | 19 | 0 | 2 | 30 | 0 | |
(-) Debt | (35) | (20) | (68) | (58) | (279) | (23) | |
(-) Other Liabilities | 0 | 0 | 0 | 0 | (1) | 0 | |
(-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
(-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
Value of Common Equity | 17 | 42 | 242 | 20 | 234 | 31 | |
(/) Shares Outstanding | 8.9 | 29.7 | 41.2 | 6.5 | 16.5 | 4.0 | |
Implied Stock Price | 1.90 | 1.41 | 5.86 | 3.14 | 14.14 | 7.75 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 1.90 | 1.41 | 5.86 | 3.14 | 14.14 | 7.75 | |
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 |