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 |
|---|---|---|
| Adjusted Earnings | 116.5 M - 440.1 M | 303.8 M |
| Discount Rate | 12.5% - 10.5% | 11.5% |
| Fair Value | €0.16 - €0.75 | €0.47 |
| Upside | -56.9% - 101.7% | 26.3% |
| Estimate Adjusted EBIT Margin | |||||||
| Fiscal Year Ending | LTM | ||||||
| Dec-20 | Dec-21 | Dec-22 | Dec-23 | Dec-24 | Dec-24 | ||
| (USD in millions) | FY-4 | FY-3 | FY-2 | FY-1 | FY | LTM | |
| Revenue | 523 | 646 | 1,217 | 1,880 | 1,744 | 1,744 | |
| Adjusted EBITDA Build-up | |||||||
| EBT, Incl. Unusual Items | 155 | 181 | 217 | 224 | (173) | (173) | |
| (+) Net Interest Expense | 5 | 13 | 33 | 56 | 79 | 79 | |
| (+) Other Non Operating Exp. | (2) | 3 | 8 | 24 | 9 | 9 | |
| (+) D&A | 37 | 36 | 67 | 112 | 128 | 128 | |
| (+) Non-recurring Items | (2) | 0 | 237 | 237 | |||
| Adjusted EBITDA | 194 | 230 | 325 | 416 | 279 | 279 | |
| (-) D&A | (37) | (36) | (67) | (112) | (128) | (128) | |
| Adjusted EBIT | 158 | 194 | 258 | 304 | 151 | 151 | |
| % of Revenue | 30.1% | 30.0% | 21.2% | 16.2% | 8.6% | 8.6% | |
| Low | Median | High | |||||
| Adjusted EBIT Margin | 8.6% | 21.2% | 30.1% | ||||
| Equity Waterfall | |||||||
| Model | |||||||
| (USD in millions) | Low | Mid | High | Market | |||
| Enterprise Value | 932 | 2,641 | 4,192 | 2,101 | |||
| (+) Cash & Short Term Investments | 211 | 211 | 211 | 211 | |||
| (+) Investments & Other | 1,230 | 1,230 | 1,230 | 1,230 | |||
| (-) Debt | (1,055) | (1,055) | (1,055) | (1,055) | |||
| (-) Other Liabilities | (432) | (432) | (432) | (432) | |||
| (-) Preferred Stock | 0 | 0 | 0 | 0 | |||
| (-) Other | 0 | 0 | 0 | 0 | |||
| Value of Common Equity | 887 | 2,596 | 4,146 | 2,055 | |||
| (/) Shares Outstanding | 4,840.4 | 4,840.4 | 4,840.4 | 4,840.4 | |||
| Implied Stock Price (USD) | 0.18 | 0.54 | 0.86 | 0.42 | |||
| FX Rate: USD/EUR | 1.14 | 1.14 | 1.14 | 1.14 | |||
| Implied Stock Price (EUR) | 0.16 | 0.47 | 0.75 | 0.37 | |||
| Upside / (Downside) | -56.86% | 26.30% | 101.73% | ||||
| Stock Price | 0.37 | ||||||
| Stock Price Close | 0.37 | ||||||
| Restatment Type | Original | ||||||
| Reporting Currency | USD | ||||||
| Trading Currency | EUR | ||||||
| FX Rate: USD/EUR | 1.14 | ||||||
| Market Cap | 1,687.6 | ||||||
| Shares Outstanding | 4,339.9 | ||||||
| Share Exchange Ratio | 1.1 | ||||||
| Liquid Long-term Investments | 0 | ||||||