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 | 5.0x - 5.5x | 5.2x |
| Selected Fwd EBIT Multiple | 5.0x - 5.6x | 5.3x |
| Fair Value | €362.59 - €400.76 | €381.67 |
| Upside | -24.0% - -16.0% | -20.0% |
| Benchmarks | Ticker | Full Ticker |
| Compagnie d'Entreprises CFE SA | CFEB | ENXTBR:CFEB |
| Ackermans & Van Haaren NV | ACKB | ENXTBR:ACKB |
| DEME Group NV | DEME | ENXTBR:DEME |
| Consti Oyj | CONSTI | HLSE:CONSTI |
| Ekter SA | EKTER | ATSE:EKTER |
| Moury Construct SA | FO3 | DB:FO3 |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| CFEB | ACKB | DEME | CONSTI | EKTER | FO3 | ||
| ENXTBR:CFEB | ENXTBR:ACKB | ENXTBR:DEME | HLSE:CONSTI | ATSE:EKTER | DB:FO3 | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | -27.1% | 15.5% | 23.1% | 21.1% | 44.1% | 31.1% | |
| 3Y CAGR | -15.8% | 27.7% | 30.2% | 22.3% | 368.9% | 16.6% | |
| Latest Twelve Months | 5.0% | 38.7% | 51.8% | -14.0% | -28.5% | -0.8% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 8.0% | 8.0% | 6.4% | 2.9% | 1.3% | 12.9% | |
| Prior Fiscal Year | 2.1% | 9.8% | 7.2% | 3.6% | 3.7% | 15.0% | |
| Latest Fiscal Year | 2.4% | 11.8% | 8.7% | 3.0% | 13.1% | 15.5% | |
| Latest Twelve Months | 2.4% | 11.8% | 8.7% | 3.0% | 6.8% | 15.5% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 0.04x | 0.94x | 0.77x | 0.25x | 0.73x | 0.52x | |
| EV / LTM EBITDA | 0.9x | 5.3x | 4.5x | 7.2x | 9.7x | 3.1x | |
| EV / LTM EBIT | 1.7x | 8.0x | 8.8x | 8.3x | 10.8x | 3.3x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | 1.7x | 8.3x | 10.8x | ||||
| Historical EV / LTM EBIT | 2.8x | 3.3x | 4.8x | ||||
| Selected EV / LTM EBIT | 5.0x | 5.2x | 5.5x | ||||
| (x) LTM EBIT | 29 | 29 | 29 | ||||
| (=) Implied Enterprise Value | 144 | 151 | 159 | ||||
| (-) Non-shareholder Claims * | 0 | 0 | 0 | ||||
| (=) Equity Value | 144 | 151 | 159 | ||||
| (/) Shares Outstanding | 0.4 | 0.4 | 0.4 | ||||
| Implied Value Range | 362.50 | 381.57 | 400.65 | ||||
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 362.50 | 381.57 | 400.65 | 477.00 | |||
| Upside / (Downside) | -24.0% | -20.0% | -16.0% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | CFEB | ACKB | DEME | CONSTI | EKTER | FO3 | |
| Enterprise Value | 47 | 5,696 | 3,154 | 82 | 57 | 189 | |
| (+) Cash & Short Term Investments | 174 | 2,033 | 860 | 14 | 13 | 0 | |
| (+) Investments & Other | 176 | 2,358 | 201 | 0 | 0 | 0 | |
| (-) Debt | (216) | (1,957) | (762) | (17) | (16) | 0 | |
| (-) Other Liabilities | (0) | (1,538) | (56) | 0 | (5) | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 181 | 6,592 | 3,396 | 79 | 50 | 189 | |
| (/) Shares Outstanding | 24.8 | 32.7 | 25.3 | 7.9 | 26.9 | 0.4 | |
| Implied Stock Price | 7.28 | 201.80 | 134.40 | 10.05 | 1.85 | 477.00 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 7.28 | 201.80 | 134.40 | 10.05 | 1.85 | 477.00 | |
| 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 | |