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 Revenue Multiple | 0.7x - 0.8x | 0.7x |
| Selected Fwd Revenue Multiple | 1.3x - 1.4x | 1.4x |
| Fair Value | €11.26 - €12.92 | €12.09 |
| Upside | -30.9% - -20.7% | -25.8% |
| Benchmarks | Ticker | Full Ticker |
|---|---|---|
| Yamaha Motor Co., Ltd. | 7272 | TSE:7272 |
| Isuzu Motors Limited | 7202 | TSE:7202 |
| Bayerische Motoren Werke Aktiengesellschaft | BAMX.F | PINC:BAMX.F |
| Stellantis N.V. | STLAP | ENXTPA:STLAP |
| Geely Automobile Holdings Limited | 175 | SEHK:175 |
| Toyota Motor Corporation | TOM | DB:TOM |
| Select LTM Revenue Multiple | ||||||||
| Benchmark Companies | ||||||||
| 7272 | 7202 | BAMX.F | STLAP | 175 | TOM | |||
| TSE:7272 | TSE:7202 | PINC:BAMX.F | ENXTPA:STLAP | SEHK:175 | DB:TOM | |||
| Historical Revenue Growth | ||||||||
| 5Y CAGR | 9.1% | 9.5% | 6.4% | 21.6% | 19.8% | 8.3% | ||
| 3Y CAGR | 12.4% | 21.1% | 8.6% | 1.6% | 33.2% | 18.3% | ||
| Latest Twelve Months | 6.7% | -5.7% | -8.4% | -17.2% | 34.0% | 6.9% | ||
| Historical EBIT Profit Margin | ||||||||
| 5 Year Average Margin | 8.8% | 7.3% | 9.5% | 9.8% | 2.5% | 9.1% | ||
| Prior Fiscal Year | 10.4% | 7.9% | 11.8% | 12.1% | 1.4% | 7.3% | ||
| Latest Fiscal Year | 7.1% | 8.7% | 7.9% | 4.0% | 3.2% | 11.9% | ||
| Latest Twelve Months | 7.1% | 7.2% | 7.9% | 4.0% | 3.2% | 10.3% | ||
| Current Trading Multiples | ||||||||
| EV / LTM Revenue | 0.47x | 0.50x | 1.01x | 0.09x | 0.38x | 0.96x | ||
| EV / LTM EBIT | 6.6x | 6.9x | 12.7x | 2.2x | 11.8x | 9.3x | ||
| Price / LTM Sales | 0.43x | 0.43x | 0.34x | 0.15x | 0.63x | 0.75x | ||
| Low | Mid | High | ||||||
| Benchmark EV / LTM Revenue | 0.09x | 0.47x | 1.01x | |||||
| Historical EV / LTM Revenue | 0.50x | 0.88x | 1.50x | |||||
| Selected EV / LTM Revenue | 0.70x | 0.74x | 0.77x | |||||
| (x) LTM Revenue | 46,746,150 | 46,746,150 | 46,746,150 | |||||
| (=) Implied Enterprise Value | 32,765,712 | 34,490,224 | 36,214,735 | |||||
| (-) Non-shareholder Claims * | (9,587,012) | (9,587,012) | (9,587,012) | |||||
| (=) Equity Value | 23,178,700 | 24,903,212 | 26,627,723 | |||||
| (/) Shares Outstanding | 13,048.9 | 13,048.9 | 13,048.9 | |||||
| Implied Value Range | 1,776.29 | 1,908.45 | 2,040.61 | |||||
| FX Rate: JPY/EUR | 163.3 | 163.3 | 163.3 | Market Price | ||||
| Implied Value Range (Trading Cur) | 10.88 | 11.68 | 12.49 | 16.30 | ||||
| Upside / (Downside) | -33.3% | -28.3% | -23.4% | |||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | 7272 | 7202 | BAMX.F | STLAP | 175 | TOM | |
| Enterprise Value | 1,208,623 | 1,592,257 | 143,901 | 14,000 | 91,118 | 44,330,753 | |
| (+) Cash & Short Term Investments | 372,999 | 379,122 | 16,184 | 35,392 | 40,865 | 13,881,381 | |
| (+) Investments & Other | 536,049 | 279,737 | 1,652 | 11,888 | 31,503 | 17,057,548 | |
| (-) Debt | (951,973) | (713,713) | (111,261) | (37,251) | (6,510) | (39,579,686) | |
| (-) Other Liabilities | (65,017) | (164,943) | (2,688) | (423) | (5,678) | (946,255) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 1,100,681 | 1,372,460 | 47,788 | 23,606 | 151,299 | 34,743,741 | |
| (/) Shares Outstanding | 973.6 | 716.3 | 622.3 | 2,880.5 | 10,078.0 | 13,048.9 | |
| Implied Stock Price | 1,130.50 | 1,916.00 | 76.80 | 8.20 | 15.01 | 2,662.57 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 0.88 | 1.00 | 0.94 | 163.33 | |
| Implied Stock Price (Trading Cur) | 1,130.50 | 1,916.00 | 87.32 | 8.20 | 15.98 | 16.30 | |
| Trading Currency | JPY | JPY | USD | EUR | HKD | EUR | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 0.88 | 1.00 | 0.94 | 163.33 | |