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 | 8.0x - 8.8x | 8.4x |
Selected Fwd EBIT Multiple | 9.8x - 10.8x | 10.3x |
Fair Value | €5.74 - €6.60 | €6.17 |
Upside | -23.4% - -12.1% | -17.7% |
Benchmarks | Ticker | Full Ticker |
Oberstdorfer Bergbahn AG | KVO | MUN:KVO |
Nebelhornbahn-Aktiengesellschaft | NHB0 | MUN:NHB0 |
MHP Hotel AG | CDZ0 | DB:CDZ0 |
TUI AG | TUI1 | DB:TUI1 |
Erlebnis Akademie AG | EADG | XTRA:EADG |
Regenbogen AG | RGB | DB:RGB |
- | - | - |
Select LTM EBIT Multiple | |||||||
Benchmark Companies | |||||||
KVO | NHB0 | CDZ0 | TUI1 | EADG | RGB | ||
MUN:KVO | MUN:NHB0 | DB:CDZ0 | DB:TUI1 | XTRA:EADG | DB:RGB | ||
Historical EBIT Growth | |||||||
5Y CAGR | NM- | 11.8% | NM- | 14.1% | NM- | NM- | |
3Y CAGR | NM- | NM- | NM- | NM- | NM- | -19.0% | |
Latest Twelve Months | -102.6% | -1.0% | 107.5% | 18.6% | 92.7% | 25.9% | |
Historical EBIT Profit Margin | |||||||
5 Year Average Margin | -28.4% | -8.2% | -4.6% | -21.0% | -2.4% | 11.2% | |
Prior Fiscal Year | 5.3% | 8.7% | -5.2% | 2.9% | -7.8% | 7.2% | |
Latest Fiscal Year | -0.1% | 8.2% | 0.3% | 3.8% | -0.5% | 9.1% | |
Latest Twelve Months | -0.1% | 8.2% | 0.3% | 3.8% | -0.5% | 9.1% | |
Current Trading Multiples | |||||||
EV / LTM Revenue | 3.45x | 3.94x | 0.43x | 0.26x | 1.29x | 0.76x | |
EV / LTM EBITDA | 12.2x | 12.1x | 7.9x | 6.2x | 5.9x | 4.2x | |
EV / LTM EBIT | -2581.7x | 48.0x | 132.7x | 6.8x | -244.4x | 8.3x | |
Low | Mid | High | |||||
Benchmark EV / LTM EBIT | -2581.7x | 6.8x | 132.7x | ||||
Historical EV / LTM EBIT | 8.3x | 10.4x | 12.8x | ||||
Selected EV / LTM EBIT | 8.0x | 8.4x | 8.8x | ||||
(x) LTM EBIT | 2 | 2 | 2 | ||||
(=) Implied Enterprise Value | 17 | 18 | 19 | ||||
(-) Non-shareholder Claims * | (5) | (5) | (5) | ||||
(=) Equity Value | 12 | 12 | 13 | ||||
(/) Shares Outstanding | 2.3 | 2.3 | 2.3 | ||||
Implied Value Range | 5.01 | 5.39 | 5.78 | ||||
FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | Market Price | |||
Implied Value Range (Trading Cur) | 5.01 | 5.39 | 5.78 | 7.50 | |||
Upside / (Downside) | -33.3% | -28.1% | -22.9% |
Equity Waterfall | |||||||
Benchmark Companies | |||||||
(in millions) | KVO | NHB0 | CDZ0 | TUI1 | EADG | RGB | |
Enterprise Value | 5 | 24 | 65 | 6,079 | 34 | 23 | |
(+) Cash & Short Term Investments | 0 | 0 | 9 | 1,796 | 3 | 4 | |
(+) Investments & Other | 0 | 0 | 0 | 1,662 | 1 | 1 | |
(-) Debt | 0 | 0 | (8) | (4,807) | (24) | (11) | |
(-) Other Liabilities | 0 | 0 | 0 | (919) | (3) | 0 | |
(-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
(-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
Value of Common Equity | 5 | 24 | 67 | 3,811 | 11 | 17 | |
(/) Shares Outstanding | 0.0 | 1.4 | 46.3 | 507.4 | 2.5 | 2.3 | |
Implied Stock Price | 180.00 | 17.50 | 1.44 | 7.51 | 4.18 | 7.50 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 180.00 | 17.50 | 1.44 | 7.51 | 4.18 | 7.50 | |
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 |