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 | 0.2x - 0.2x | 0.2x |
| Selected Fwd EBITDA Multiple | -0.5x - -0.5x | -0.5x |
| Fair Value | €1.24 - €1.24 | €1.24 |
| Upside | 16.9% - 16.8% | 16.8% |
| Benchmarks | Ticker | Full Ticker |
| Nagarro SE | NA9 | XTRA:NA9 |
| niiio finance group AG | NIII | DUSE:NIII |
| DATAGROUP SE | D6H | XTRA:D6H |
| q.beyond AG | QBY | XTRA:QBY |
| IONOS Group SE | IOS | XTRA:IOS |
| RealTech AG | RTC | DB:RTC |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| NA9 | NIII | D6H | QBY | IOS | RTC | ||
| XTRA:NA9 | DUSE:NIII | XTRA:D6H | XTRA:QBY | XTRA:IOS | DB:RTC | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | 31.6% | NM- | 10.1% | NM- | 8.2% | NM- | |
| 3Y CAGR | 20.0% | NM- | 5.7% | NM- | 10.5% | -44.9% | |
| Latest Twelve Months | 20.1% | -375.1% | 11.0% | 639.8% | 13.1% | -55.4% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 11.6% | -14.6% | 11.0% | -2.2% | 25.5% | 1.0% | |
| Prior Fiscal Year | 14.0% | 1.2% | 11.8% | 0.3% | 25.5% | 3.6% | |
| Latest Fiscal Year | 10.7% | -2.4% | 11.4% | 2.3% | 26.3% | 1.6% | |
| Latest Twelve Months | 12.0% | -18.1% | 10.8% | 2.3% | 26.3% | 1.6% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 1.10x | 0.02x | 1.06x | 0.34x | 3.17x | -0.07x | |
| EV / LTM EBITDA | 9.2x | -0.1x | 9.8x | 14.5x | 12.0x | -4.2x | |
| EV / LTM EBIT | 10.6x | 0.0x | 13.2x | -25.8x | 15.4x | -5.7x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | -0.1x | 9.8x | 14.5x | ||||
| Historical EV / LTM EBITDA | -6.6x | 1.1x | 3.6x | ||||
| Selected EV / LTM EBITDA | 0.2x | 0.2x | 0.2x | ||||
| (x) LTM EBITDA | 0 | 0 | 0 | ||||
| (=) Implied Enterprise Value | 0 | 0 | 0 | ||||
| (-) Non-shareholder Claims * | 7 | 7 | 7 | ||||
| (=) Equity Value | 7 | 7 | 7 | ||||
| (/) Shares Outstanding | 5.4 | 5.4 | 5.4 | ||||
| Implied Value Range | 1.25 | 1.25 | 1.25 | ||||
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 1.25 | 1.25 | 1.25 | 1.06 | |||
| Upside / (Downside) | 18.2% | 18.2% | 18.3% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | NA9 | NIII | D6H | QBY | IOS | RTC | |
| Enterprise Value | 1,031 | 3 | 590 | 63 | 4,944 | (1) | |
| (+) Cash & Short Term Investments | 141 | 2 | 35 | 39 | 31 | 7 | |
| (+) Investments & Other | 0 | 13 | 7 | 0 | 3 | 0 | |
| (-) Debt | (324) | (0) | (182) | (9) | (1,085) | (0) | |
| (-) Other Liabilities | 0 | 0 | 0 | (2) | (0) | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 848 | 17 | 450 | 91 | 3,893 | 6 | |
| (/) Shares Outstanding | 13.0 | 36.0 | 8.3 | 124.6 | 138.0 | 5.4 | |
| Implied Stock Price | 65.10 | 0.47 | 54.00 | 0.73 | 28.20 | 1.06 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 65.10 | 0.47 | 54.00 | 0.73 | 28.20 | 1.06 | |
| 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 | |