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 | 11.7x - 13.0x | 12.3x |
Selected Fwd EBIT Multiple | 11.2x - 12.4x | 11.8x |
Fair Value | €58.01 - €64.82 | €61.42 |
Upside | -26.5% - -17.9% | -22.2% |
Benchmarks | Ticker | Full Ticker |
Winnebago Industries, Inc. | WGO | NYSE:WGO |
US Lighting Group, Inc. | USLG | OTCPK:USLG |
Patrick Industries, Inc. | PATK | NasdaqGS:PATK |
LCI Industries | LCII | NYSE:LCII |
General Motors Company | GM | NYSE:GM |
THOR Industries, Inc. | TIV | DB:TIV |
- | - | - |
Select LTM EBIT Multiple | |||||||
Benchmark Companies | |||||||
WGO | USLG | PATK | LCII | GM | TIV | ||
NYSE:WGO | OTCPK:USLG | NasdaqGS:PATK | NYSE:LCII | NYSE:GM | DB:TIV | ||
Historical EBIT Growth | |||||||
5Y CAGR | -3.4% | NM- | 10.8% | 1.9% | 14.6% | 0.0% | |
3Y CAGR | -31.6% | NM- | -9.8% | -18.3% | 3.6% | -22.4% | |
Latest Twelve Months | -71.7% | -31.6% | 0.4% | 50.3% | 15.3% | -22.9% | |
Historical EBIT Profit Margin | |||||||
5 Year Average Margin | 8.1% | -574.6% | 8.1% | 7.4% | 7.2% | 6.1% | |
Prior Fiscal Year | 8.7% | -160.4% | 7.5% | 3.3% | 5.6% | 5.3% | |
Latest Fiscal Year | 4.4% | -29.0% | 6.9% | 5.8% | 6.8% | 4.2% | |
Latest Twelve Months | 1.8% | -136.3% | 7.0% | 6.3% | 6.5% | 3.5% | |
Current Trading Multiples | |||||||
EV / LTM Revenue | 0.55x | 6.66x | 1.30x | 0.92x | 0.86x | 0.56x | |
EV / LTM EBITDA | 13.4x | -5.5x | 11.3x | 9.6x | 8.8x | 8.8x | |
EV / LTM EBIT | 30.4x | -4.9x | 18.6x | 14.5x | 13.2x | 15.9x | |
Low | Mid | High | |||||
Benchmark EV / LTM EBIT | -4.9x | 14.5x | 30.4x | ||||
Historical EV / LTM EBIT | 4.2x | 10.6x | 21.7x | ||||
Selected EV / LTM EBIT | 11.7x | 12.3x | 13.0x | ||||
(x) LTM EBIT | 338 | 338 | 338 | ||||
(=) Implied Enterprise Value | 3,962 | 4,170 | 4,379 | ||||
(-) Non-shareholder Claims * | (416) | (416) | (416) | ||||
(=) Equity Value | 3,546 | 3,754 | 3,963 | ||||
(/) Shares Outstanding | 53.2 | 53.2 | 53.2 | ||||
Implied Value Range | 66.64 | 70.56 | 74.48 | ||||
FX Rate: USD/EUR | 1.2 | 1.2 | 1.2 | Market Price | |||
Implied Value Range (Trading Cur) | 56.97 | 60.32 | 63.67 | 78.96 | |||
Upside / (Downside) | -27.8% | -23.6% | -19.4% |
Equity Waterfall | |||||||
Benchmark Companies | |||||||
(in millions) | WGO | USLG | PATK | LCII | GM | TIV | |
Enterprise Value | 1,507 | 7 | 4,909 | 3,498 | 162,577 | 5,330 | |
(+) Cash & Short Term Investments | 11 | 0 | 87 | 231 | 19,089 | 508 | |
(+) Investments & Other | 0 | 0 | 0 | 0 | 5,651 | 136 | |
(-) Debt | (581) | (7) | (1,632) | (1,176) | (134,163) | (1,060) | |
(-) Other Liabilities | 0 | 0 | 0 | 0 | (2,054) | (0) | |
(-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
(-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
Value of Common Equity | 937 | 0 | 3,363 | 2,554 | 51,100 | 4,914 | |
(/) Shares Outstanding | 28.0 | 112.3 | 33.4 | 25.2 | 961.4 | 53.2 | |
Implied Stock Price | 33.41 | 0.00 | 100.62 | 101.18 | 53.15 | 92.36 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.17 | |
Implied Stock Price (Trading Cur) | 33.41 | 0.00 | 100.62 | 101.18 | 53.15 | 78.96 | |
Trading Currency | USD | USD | USD | USD | USD | EUR | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.17 |