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 |
|---|---|---|
| Adjusted Earnings | 10.771 M - 20.256 M | 15.764 M |
| Discount Rate | 11.5% - 9.5% | 10.5% |
| Fair Value | €10.23 - €27.54 | €18.40 |
| Upside | -44.1% - 50.5% | 0.6% |
| Estimate Adjusted EBIT Margin | |||||||
| Fiscal Year Ending | LTM | ||||||
| Dec-20 | Dec-21 | Dec-22 | Dec-23 | Dec-24 | Mar-25 | ||
| (EUR in millions) | FY-4 | FY-3 | FY-2 | FY-1 | FY | LTM | |
| Revenue | 190 | 211 | 238 | 262 | 238 | 242 | |
| Adjusted EBITDA Build-up | |||||||
| EBT, Incl. Unusual Items | 6 | 10 | 14 | 13 | 11 | 15 | |
| (+) Net Interest Expense | 1 | 1 | 1 | 1 | 1 | 1 | |
| (+) Other Non Operating Exp. | 0 | (0) | 0 | 0 | (0) | (0) | |
| (+) D&A | 5 | 4 | 4 | 4 | 4 | 4 | |
| (+) Non-recurring Items | (0) | (0) | (0) | (0) | (0) | (0) | |
| Adjusted EBITDA | 12 | 15 | 18 | 18 | 16 | 20 | |
| (-) D&A | (5) | (4) | (4) | (4) | (4) | (4) | |
| Adjusted EBIT | 7 | 11 | 14 | 14 | 12 | 16 | |
| % of Revenue | 3.7% | 5.1% | 6.0% | 5.4% | 5.1% | 6.5% | |
| Low | Median | High | |||||
| Adjusted EBIT Margin | 3.7% | 5.1% | 6.0% | ||||
| Equity Waterfall | |||||||
| Model | |||||||
| (EUR in millions) | Low | Mid | High | Market | |||
| Enterprise Value | 94 | 150 | 213 | 149 | |||
| (+) Cash & Short Term Investments | 12 | 12 | 12 | 12 | |||
| (+) Investments & Other | 0 | 0 | 0 | 0 | |||
| (-) Debt | (35) | (35) | (35) | (35) | |||
| (-) Other Liabilities | 0 | 0 | 0 | 0 | |||
| (-) Preferred Stock | 0 | 0 | 0 | 0 | |||
| (-) Other | 0 | 0 | 0 | 0 | |||
| Value of Common Equity | 71 | 127 | 190 | 126 | |||
| (/) Shares Outstanding | 6.9 | 6.9 | 6.9 | 6.9 | |||
| Implied Stock Price (EUR) | 10.23 | 18.40 | 27.54 | 18.30 | |||
| FX Rate: EUR/EUR | 1.00 | 1.00 | 1.00 | 1.00 | |||
| Implied Stock Price (EUR) | 10.23 | 18.40 | 27.54 | 18.30 | |||
| Upside / (Downside) | -44.11% | 0.56% | 50.47% | ||||
| Stock Price | 18.30 | ||||||
| Stock Price Close | 18.30 | ||||||
| Restatment Type | Original | ||||||
| Reporting Currency | EUR | ||||||
| Trading Currency | EUR | ||||||
| FX Rate: EUR/EUR | 1.00 | ||||||
| Market Cap | 130.9 | ||||||
| Shares Outstanding | 6.9 | ||||||
| Share Exchange Ratio | 1.0 | ||||||
| Liquid Long-term Investments | 0 | ||||||