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 EBITDA Multiple | 11.0x - 12.2x | 11.6x |
| Selected Fwd EBITDA Multiple | 8.7x - 9.6x | 9.2x |
| Fair Value | €0 - €7.13 | €3.20 |
| Upside | -100.0% - 275.4% | 68.4% |
| Benchmarks | Ticker | Full Ticker |
| Option Care Health, Inc. | OPCH | NasdaqGS:OPCH |
| DocGo Inc. | DCGO | NasdaqCM:DCGO |
| Addus HomeCare Corporation | ADUS | NasdaqGS:ADUS |
| American Well Corporation | AMWL | NYSE:AMWL |
| Teladoc Health, Inc. | TDOC | NYSE:TDOC |
| ModivCare Inc. | PRF0 | DB:PRF0 |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| OPCH | DCGO | ADUS | AMWL | TDOC | PRF0 | ||
| NasdaqGS:OPCH | NasdaqCM:DCGO | NasdaqGS:ADUS | NYSE:AMWL | NYSE:TDOC | DB:PRF0 | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | 35.8% | NM- | 22.0% | NM- | NM- | 20.6% | |
| 3Y CAGR | 14.1% | 25.7% | 18.1% | NM- | NM- | -6.0% | |
| Latest Twelve Months | 6.0% | -121.2% | 25.1% | 55.0% | -70.2% | -14.2% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 7.7% | 4.2% | 9.9% | -77.5% | -4.9% | 6.6% | |
| Prior Fiscal Year | 8.8% | 5.1% | 10.2% | -88.9% | 1.7% | 5.1% | |
| Latest Fiscal Year | 7.7% | 7.2% | 11.5% | -64.3% | 1.2% | 4.2% | |
| Latest Twelve Months | 7.4% | -3.1% | 11.6% | -35.6% | 0.7% | 4.1% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 1.03x | 0.16x | 1.70x | -0.33x | 0.62x | 0.47x | |
| EV / LTM EBITDA | 13.9x | -5.0x | 14.7x | 0.9x | 83.0x | 11.5x | |
| EV / LTM EBIT | 16.6x | -2.4x | 16.3x | 0.7x | -8.5x | 112.6x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | -5.0x | 13.9x | 83.0x | ||||
| Historical EV / LTM EBITDA | 10.3x | 13.1x | 21.4x | ||||
| Selected EV / LTM EBITDA | 11.0x | 11.6x | 12.2x | ||||
| (x) LTM EBITDA | 112 | 112 | 112 | ||||
| (=) Implied Enterprise Value | 1,240 | 1,305 | 1,370 | ||||
| (-) Non-shareholder Claims * | (1,257) | (1,257) | (1,257) | ||||
| (=) Equity Value | 0 | 48 | 113 | ||||
| (/) Shares Outstanding | 14.4 | 14.4 | 14.4 | ||||
| Implied Value Range | 0.00 | 3.35 | 7.90 | ||||
| FX Rate: USD/EUR | 1.2 | 1.2 | 1.2 | Market Price | |||
| Implied Value Range (Trading Cur) | 0.00 | 2.89 | 6.80 | 1.90 | |||
| Upside / (Downside) | -100.0% | 51.9% | 258.0% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | OPCH | DCGO | ADUS | AMWL | TDOC | PRF0 | |
| Enterprise Value | 5,571 | 75 | 2,132 | (86) | 1,585 | 1,289 | |
| (+) Cash & Short Term Investments | 206 | 104 | 91 | 219 | 680 | 116 | |
| (+) Investments & Other | 28 | 26 | 0 | 0 | 0 | 28 | |
| (-) Debt | (1,229) | (60) | (222) | (6) | (1,035) | (1,401) | |
| (-) Other Liabilities | 0 | 10 | 0 | (12) | 0 | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 4,577 | 154 | 2,001 | 115 | 1,230 | 32 | |
| (/) Shares Outstanding | 162.3 | 97.8 | 18.2 | 15.8 | 176.7 | 14.4 | |
| Implied Stock Price | 28.20 | 1.57 | 110.19 | 7.28 | 6.96 | 2.21 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.16 | |
| Implied Stock Price (Trading Cur) | 28.20 | 1.57 | 110.19 | 7.28 | 6.96 | 1.90 | |
| Trading Currency | USD | USD | USD | USD | USD | EUR | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.16 | |