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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | -27.6x - -30.5x | -29.1x |
Selected Fwd P/E Multiple | -6.4x - -7.0x | -6.7x |
Fair Value | €2.13 - €2.36 | €2.25 |
Upside | 20.6% - 33.2% | 26.9% |
Benchmarks | - | Full Ticker |
Panamax AG | - | DB:ICP |
Zagrebacka burza d.d. | - | ZGSE:ZB |
capsensixx AG | - | XTRA:CPXG |
AdCapital AG | - | DB:ADC |
Euronext N.V. | - | DB:ENXB |
Samara Asset Group plc | - | DB:SRAG |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
ICP | ZB | CPXG | ADC | ENXB | SRAG | |||
DB:ICP | ZGSE:ZB | XTRA:CPXG | DB:ADC | DB:ENXB | DB:SRAG | |||
Historical Net Income Growth | ||||||||
5Y CAGR | NM- | 9.3% | NM- | NM- | 21.4% | NM- | ||
3Y CAGR | -56.3% | 59.7% | 9.3% | NM- | 12.3% | NM- | ||
Latest Twelve Months | 190.0% | 208.9% | 11.8% | 96.8% | 14.0% | -2211.3% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | -1185.8% | 4.1% | 4.4% | -1.3% | 34.5% | -805.5% | ||
Prior Fiscal Year | -8443.8% | 1.8% | 2.4% | -7.5% | 34.8% | -7216.6% | ||
Latest Fiscal Year | 6.2% | 4.9% | 2.3% | -1.5% | 36.0% | -181.7% | ||
Latest Twelve Months | 12.5% | 4.9% | 2.2% | -0.2% | 36.0% | -41.5% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | NA | 6.2x | 6.7x | 2.8x | 16.5x | -36.5x | ||
Price / LTM Sales | 6.5x | 1.8x | 0.4x | 0.1x | 8.7x | 9.5x | ||
LTM P/E Ratio | 51.7x | 37.5x | 18.7x | -59.5x | 24.1x | -23.0x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | -59.5x | 24.1x | 51.7x | |||||
Historical LTM P/E Ratio | -23.2x | -23.2x | -23.2x | |||||
Selected P/E Multiple | -27.6x | -29.1x | -30.5x | |||||
(x) LTM Net Income | (4) | (4) | (4) | |||||
(=) Equity Value | 113 | 118 | 124 | |||||
(/) Shares Outstanding | 52.9 | 52.9 | 52.9 | |||||
Implied Value Range | 2.13 | 2.24 | 2.35 | |||||
FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 2.13 | 2.24 | 2.35 | 1.77 | ||||
Upside / (Downside) | 20.2% | 26.5% | 32.8% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | ICP | ZB | CPXG | ADC | ENXB | SRAG | |
Value of Common Equity | 4 | 7 | 59 | 22 | 14,088 | 94 | |
(/) Shares Outstanding | 1.9 | 2.3 | 3.0 | 14.0 | 102.8 | 52.9 | |
Implied Stock Price | 2.32 | 3.20 | 19.70 | 1.55 | 137.10 | 1.77 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 2.32 | 3.20 | 19.70 | 1.55 | 137.10 | 1.77 | |
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 |