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 | 107.3x - 118.6x | 113.0x |
| Selected Fwd EBIT Multiple | 22.6x - 24.9x | 23.8x |
| Fair Value | €0.087 - €0.11 | €0.099 |
| Upside | -24.9% - -4.0% | -14.5% |
| Benchmarks | Ticker | Full Ticker |
| Continental Aktiengesellschaft | CON | DB:CON |
| Aisin Corporation | AKN | DB:AKN |
| BorgWarner Inc. | BGW | DB:BGW |
| DENSO Corporation | DNO | DB:DNO |
| Dana Incorporated | 4DH | DB:4DH |
| Kongsberg Automotive ASA | K3A | DB:K3A |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| CON | AKN | BGW | DNO | 4DH | K3A | ||
| DB:CON | DB:AKN | DB:BGW | DB:DNO | DB:4DH | DB:K3A | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | -6.0% | 16.3% | 1.4% | 50.0% | -11.8% | -32.3% | |
| 3Y CAGR | 12.3% | 4.2% | 5.3% | 11.6% | -3.1% | -42.7% | |
| Latest Twelve Months | 2.8% | 49.0% | 0.8% | 24.3% | -10.0% | -86.0% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 5.3% | 3.4% | 9.2% | 5.4% | 3.1% | 3.2% | |
| Prior Fiscal Year | 4.9% | 3.0% | 8.8% | 5.3% | 3.1% | 0.7% | |
| Latest Fiscal Year | 5.6% | 4.1% | 9.2% | 6.9% | 3.1% | 1.1% | |
| Latest Twelve Months | 5.3% | 4.4% | 9.2% | 7.1% | 3.1% | 0.2% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 0.55x | 0.41x | 0.73x | 0.77x | 0.53x | 0.32x | |
| EV / LTM EBITDA | 5.6x | 4.2x | 5.3x | 6.3x | 7.3x | 10.7x | |
| EV / LTM EBIT | 10.3x | 9.3x | 7.9x | 11.0x | 17.2x | 137.0x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | 7.9x | 10.3x | 17.2x | ||||
| Historical EV / LTM EBIT | -125.9x | 12.7x | 42.2x | ||||
| Selected EV / LTM EBIT | 107.3x | 113.0x | 118.6x | ||||
| (x) LTM EBIT | 2 | 2 | 2 | ||||
| (=) Implied Enterprise Value | 193 | 203 | 214 | ||||
| (-) Non-shareholder Claims * | (132) | (132) | (132) | ||||
| (=) Equity Value | 61 | 71 | 81 | ||||
| (/) Shares Outstanding | 929.4 | 929.4 | 929.4 | ||||
| Implied Value Range | 0.07 | 0.08 | 0.09 | ||||
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 0.07 | 0.08 | 0.09 | 0.12 | |||
| Upside / (Downside) | -43.3% | -33.8% | -24.4% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | CON | AKN | BGW | DNO | 4DH | K3A | |
| Enterprise Value | 21,440 | 2,018,945 | 10,126 | 5,507,117 | 5,231 | 240 | |
| (+) Cash & Short Term Investments | 1,991 | 492,703 | 2,041 | 1,137,269 | 507 | 74 | |
| (+) Investments & Other | 125 | 74,930 | 310 | 120,478 | 127 | 0 | |
| (-) Debt | (8,518) | (662,464) | (4,077) | (859,003) | (3,081) | (203) | |
| (-) Other Liabilities | (378) | (254,908) | (146) | (187,718) | (256) | (3) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 14,660 | 1,669,206 | 8,254 | 5,718,143 | 2,528 | 107 | |
| (/) Shares Outstanding | 200.0 | 746.4 | 216.4 | 2,733.5 | 145.7 | 929.4 | |
| Implied Stock Price | 73.30 | 2,236.40 | 38.14 | 2,091.89 | 17.35 | 0.12 | |
| FX Conversion Rate to Trading Currency | 1.00 | 172.03 | 1.16 | 172.03 | 1.16 | 1.00 | |
| Implied Stock Price (Trading Cur) | 73.30 | 13.00 | 32.76 | 12.16 | 14.90 | 0.12 | |
| Trading Currency | EUR | EUR | EUR | EUR | EUR | EUR | |
| FX Rate to Reporting Currency | 1.00 | 172.03 | 1.16 | 172.03 | 1.16 | 1.00 | |