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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Pb Multiple | 1.6x - 1.7x | 1.6x |
Historical Pb Multiple | 1.3x - 2.4x | 1.9x |
Fair Value | €22.78 - €25.18 | €23.98 |
Upside | 4.0% - 15.0% | 9.5% |
Benchmarks | - | Full Ticker |
GEA Group Aktiengesellschaft | - | XTRA:G1A |
Alfa Laval AB (publ) | - | DB:AA9 |
Krones AG | - | XTRA:KRN |
Wacker Neuson SE | - | XTRA:WAC |
Knorr-Bremse AG | - | XTRA:KBX |
technotrans SE | - | DB:TTR1 |
Select Price / Book Ratio | ||||||||
Benchmark Companies | ||||||||
G1A | AA9 | KRN | WAC | KBX | TTR1 | |||
XTRA:G1A | DB:AA9 | XTRA:KRN | XTRA:WAC | XTRA:KBX | DB:TTR1 | |||
Historical Net Income Growth | ||||||||
5Y CAGR | NM- | 6.1% | 96.3% | -4.5% | -5.4% | 3.7% | ||
3Y CAGR | 10.0% | 15.8% | 25.1% | -20.2% | -10.5% | 1.4% | ||
Latest Twelve Months | -1.8% | 18.3% | 26.5% | -65.2% | -26.3% | 53.7% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 5.4% | 10.1% | 2.9% | 5.0% | 7.8% | 3.2% | ||
Prior Fiscal Year | 7.5% | 10.0% | 4.7% | 7.0% | 6.9% | 3.3% | ||
Latest Fiscal Year | 7.3% | 11.0% | 5.2% | 3.1% | 5.6% | 3.1% | ||
Latest Twelve Months | 7.4% | 11.2% | 5.2% | 2.4% | 5.3% | 4.1% | ||
Return on Equity | ||||||||
5 Year Average Margin | 12.4% | 15.8% | 8.4% | 8.1% | 23.7% | 8.4% | ||
Prior Fiscal Year | 17.3% | 17.5% | 13.5% | 12.9% | 20.5% | 9.2% | ||
Latest Twelve Months | 16.6% | 18.8% | 15.3% | 3.4% | 13.9% | 10.0% | ||
Next Fiscal Year | 18.9% | 19.1% | 16.0% | 6.1% | 19.8% | 10.8% | ||
Two Fiscal Years Forward | 20.9% | 18.0% | 15.9% | 8.9% | 20.6% | 11.8% | ||
Current Trading Multiples | ||||||||
Price / LTM Sales | 1.8x | 2.4x | 0.8x | 0.7x | 1.6x | 0.6x | ||
Price / LTM EPS | 23.8x | 21.4x | 15.3x | 31.3x | 30.8x | 14.8x | ||
Price / Book | 4.0x | 3.9x | 2.2x | 1.1x | 4.2x | 1.4x | ||
Price / Fwd Book | 3.9x | 3.5x | 2.0x | 1.1x | 3.8x | 1.4x | ||
Low | Mid | High | ||||||
Benchmark P/B Ratio | 1.1x | 3.9x | 4.2x | |||||
Historical P/B Ratio | 1.3x | 1.9x | 2.4x | |||||
Selected P/B Multiple | 1.6x | 1.6x | 1.7x | |||||
(x) Book Value | 101 | 101 | 101 |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | G1A | AA9 | KRN | WAC | KBX | TTR1 | |
Value of Common Equity | 9,581 | 163,265 | 4,391 | 1,598 | 13,138 | 151 | |
(/) Shares Outstanding | 162.8 | 413.3 | 31.6 | 68.0 | 161.2 | 6.9 | |
Implied Stock Price | 58.85 | 395.00 | 139.00 | 23.50 | 81.50 | 21.90 | |
FX Conversion Rate to Trading Currency | 1.00 | 11.20 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 58.85 | 35.28 | 139.00 | 23.50 | 81.50 | 21.90 | |
Trading Currency | EUR | EUR | EUR | EUR | EUR | EUR | |
FX Rate to Reporting Currency | 1.00 | 11.20 | 1.00 | 1.00 | 1.00 | 1.00 |