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 | 68.476 M - 181.7 M | 125.7 M |
| Discount Rate | 10.3% - 8.3% | 9.3% |
| Fair Value | €10.16 - €67.74 | €36.08 |
| Upside | -43.9% - 274.3% | 99.3% |
| Estimate Adjusted EBIT Margin | |||||||
| Fiscal Year Ending | LTM | ||||||
| Dec-20 | Dec-21 | Dec-22 | Dec-23 | Dec-24 | Dec-24 | ||
| (EUR in millions) | FY-4 | FY-3 | FY-2 | FY-1 | FY | LTM | |
| Revenue | 801 | 945 | 995 | 902 | 1,421 | 1,421 | |
| Adjusted EBITDA Build-up | |||||||
| EBT, Incl. Unusual Items | 36 | 86 | 95 | 85 | 11 | 11 | |
| (+) Net Interest Expense | 5 | 5 | 0 | 3 | 27 | 27 | |
| (+) Other Non Operating Exp. | 0 | (1) | 5 | (6) | (2) | (2) | |
| (+) D&A | 25 | 25 | 25 | 23 | 39 | 39 | |
| (+) Non-recurring Items | 1 | 1 | (3) | (27) | (4) | (4) | |
| Adjusted EBITDA | 67 | 116 | 123 | 79 | 72 | 72 | |
| (-) D&A | (25) | (25) | (25) | (23) | (39) | (39) | |
| Adjusted EBIT | 42 | 91 | 97 | 56 | 33 | 33 | |
| % of Revenue | 5.2% | 9.6% | 9.8% | 6.2% | 2.3% | 2.3% | |
| Low | Median | High | |||||
| Adjusted EBIT Margin | 2.3% | 6.2% | 9.8% | ||||
| Equity Waterfall | |||||||
| Model | |||||||
| (EUR in millions) | Low | Mid | High | Market | |||
| Enterprise Value | 668 | 1,359 | 2,203 | 880 | |||
| (+) Cash & Short Term Investments | 91 | 91 | 91 | 91 | |||
| (+) Investments & Other | 43 | 43 | 43 | 43 | |||
| (-) Debt | (531) | (531) | (531) | (531) | |||
| (-) Other Liabilities | (0) | (0) | (0) | (0) | |||
| (-) Preferred Stock | 0 | 0 | 0 | 0 | |||
| (-) Other | 0 | 0 | 0 | 0 | |||
| Value of Common Equity | 271 | 962 | 1,805 | 482 | |||
| (/) Shares Outstanding | 26.7 | 26.7 | 26.7 | 26.7 | |||
| Implied Stock Price (EUR) | 10.16 | 36.08 | 67.74 | 18.10 | |||
| FX Rate: EUR/EUR | 1.00 | 1.00 | 1.00 | 1.00 | |||
| Implied Stock Price (EUR) | 10.16 | 36.08 | 67.74 | 18.10 | |||
| Upside / (Downside) | -43.87% | 99.34% | 274.27% | ||||
| Stock Price | 18.10 | ||||||
| Stock Price Close | 18.10 | ||||||
| Restatment Type | Original | ||||||
| Reporting Currency | EUR | ||||||
| Trading Currency | EUR | ||||||
| FX Rate: EUR/EUR | 1.00 | ||||||
| Market Cap | 471.7 | ||||||
| Shares Outstanding | 26.7 | ||||||
| Share Exchange Ratio | 1.0 | ||||||
| Liquid Long-term Investments | 0 | ||||||