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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Ps Multiple | 0.3x - 0.3x | 0.3x |
Selected Fwd Ps Multiple | 0.2x - 0.2x | 0.2x |
Fair Value | €0.90 - €1 | €0.95 |
Upside | 5.2% - 16.2% | 10.7% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
Cherry SE | - | XTRA:C3RY |
Hyrican Informationssysteme Aktiengesellschaft | - | DB:HYI |
Austriacard Holdings AG | - | DB:ACQ0 |
VNE S.p.A. | - | BIT:VNE |
Matica Fintec S.p.A. | - | BIT:MFT |
Pyramid AG | - | DB:M3BK |
Select Price / LTM Sales Ratio | ||||||||
Benchmark Companies | ||||||||
C3RY | HYI | ACQ0 | VNE | MFT | M3BK | |||
XTRA:C3RY | DB:HYI | DB:ACQ0 | BIT:VNE | BIT:MFT | DB:M3BK | |||
Historical Sales Growth | ||||||||
5Y CAGR | NM- | -7.8% | 23.8% | NM- | 7.3% | NM- | ||
3Y CAGR | -13.1% | -16.2% | 30.1% | 14.1% | 13.1% | NM- | ||
Latest Twelve Months | -17.6% | -1.6% | -4.8% | 7.1% | -5.7% | -10.2% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | -36.8% | 0.8% | 4.2% | -2.0% | 7.8% | -7.2% | ||
Prior Fiscal Year | -100.3% | -1.9% | 4.3% | -8.0% | 9.3% | -6.5% | ||
Latest Fiscal Year | -41.2% | 2.6% | 4.8% | 2.0% | 12.5% | -4.6% | ||
Latest Twelve Months | -45.4% | 2.6% | 2.7% | 2.0% | 12.5% | -4.6% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | -1.8x | 13.7x | 8.9x | 7.7x | 16.3x | 10.1x | ||
Price / LTM Sales | 0.2x | 1.0x | 0.5x | 0.7x | 2.9x | 0.3x | ||
LTM P/E Ratio | -0.4x | 38.6x | 19.5x | 32.8x | 23.3x | -6.5x | ||
Low | Mid | High | ||||||
Benchmark LTM P/S Ratio | 0.2x | 0.7x | 2.9x | |||||
Historical LTM P/S Ratio | 0.3x | 0.3x | 0.3x | |||||
Selected Price / Sales Multiple | 0.3x | 0.3x | 0.3x | |||||
(x) LTM Sales | 68 | 68 | 68 | |||||
(=) Equity Value | 21 | 22 | 23 | |||||
(/) Shares Outstanding | 23.1 | 23.1 | 23.1 | |||||
Implied Value Range | 0.90 | 0.95 | 1.00 | |||||
FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 0.90 | 0.95 | 1.00 | 0.86 | ||||
Upside / (Downside) | 4.7% | 10.2% | 15.7% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | C3RY | HYI | ACQ0 | VNE | MFT | M3BK | |
Value of Common Equity | 19 | 25 | 186 | 10 | 65 | 20 | |
(/) Shares Outstanding | 23.2 | 4.9 | 36.3 | 3.7 | 34.6 | 23.1 | |
Implied Stock Price | 0.80 | 5.10 | 5.13 | 2.60 | 1.87 | 0.86 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 0.80 | 5.10 | 5.13 | 2.60 | 1.87 | 0.86 | |
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 |