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 | 19.5x - 21.5x | 20.5x |
| Selected Fwd EBIT Multiple | 8.6x - 9.5x | 9.1x |
| Fair Value | €9.39 - €11.34 | €10.37 |
| Upside | -22.4% - -6.3% | -14.3% |
| Benchmarks | Ticker | Full Ticker |
| MARR S.p.A. | MARR | BIT:MARR |
| Metro AG | B4B | BRSE:B4B |
| Bid Corporation Limited | BID | JSE:BID |
| Sysco Corporation | SYY | DB:SYY |
| Acomo N.V. | ACOMO | ENXTAM:ACOMO |
| Sligro Food Group N.V. | SLIGR | ENXTAM:SLIGR |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| MARR | B4B | BID | SYY | ACOMO | SLIGR | ||
| BIT:MARR | BRSE:B4B | JSE:BID | DB:SYY | ENXTAM:ACOMO | ENXTAM:SLIGR | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | -9.0% | -24.0% | 12.6% | 8.7% | 11.0% | -2.3% | |
| 3Y CAGR | 6.4% | -20.3% | 36.4% | 33.5% | 0.0% | 12.6% | |
| Latest Twelve Months | -15.1% | 390.0% | 8.7% | 4.3% | 14.2% | 25.0% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 3.4% | 1.0% | 4.6% | 3.6% | 5.9% | 1.0% | |
| Prior Fiscal Year | 4.0% | 0.6% | 5.2% | 4.1% | 5.6% | 1.1% | |
| Latest Fiscal Year | 3.4% | 0.5% | 5.3% | 4.4% | 5.9% | 1.4% | |
| Latest Twelve Months | 3.4% | 0.4% | 5.3% | 4.4% | 5.9% | 1.4% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 0.43x | 0.17x | 0.76x | 0.59x | 0.66x | 0.32x | |
| EV / LTM EBITDA | 11.1x | 10.7x | 12.2x | 10.6x | 9.6x | 10.2x | |
| EV / LTM EBIT | 12.7x | 47.3x | 14.2x | 13.5x | 11.1x | 23.4x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | 11.1x | 13.5x | 47.3x | ||||
| Historical EV / LTM EBIT | 23.4x | 28.5x | 39.0x | ||||
| Selected EV / LTM EBIT | 19.5x | 20.5x | 21.5x | ||||
| (x) LTM EBIT | 40 | 40 | 40 | ||||
| (=) Implied Enterprise Value | 778 | 819 | 860 | ||||
| (-) Non-shareholder Claims * | (403) | (403) | (403) | ||||
| (=) Equity Value | 375 | 416 | 457 | ||||
| (/) Shares Outstanding | 44.1 | 44.1 | 44.1 | ||||
| Implied Value Range | 8.51 | 9.43 | 10.36 | ||||
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 8.51 | 9.43 | 10.36 | 12.10 | |||
| Upside / (Downside) | -29.7% | -22.0% | -14.4% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | MARR | B4B | BID | SYY | ACOMO | SLIGR | |
| Enterprise Value | 873 | 5,338 | 172,836 | 46,788 | 893 | 937 | |
| (+) Cash & Short Term Investments | 208 | 1,010 | 7,553 | 1,527 | 6 | 78 | |
| (+) Investments & Other | 2 | 107 | 1,029 | 22 | 0 | 56 | |
| (-) Debt | (446) | (4,568) | (23,013) | (14,609) | (255) | (537) | |
| (-) Other Liabilities | 0 | (1) | (400) | (23) | (2) | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 637 | 1,886 | 158,004 | 33,705 | 642 | 534 | |
| (/) Shares Outstanding | 64.4 | 98.6 | 335.2 | 484.8 | 29.6 | 44.1 | |
| Implied Stock Price | 9.90 | 19.13 | 471.38 | 69.53 | 21.70 | 12.10 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.07 | 1.00 | 1.13 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 9.90 | 17.88 | 471.38 | 61.50 | 21.70 | 12.10 | |
| Trading Currency | EUR | CHF | ZAR | EUR | EUR | EUR | |
| FX Rate to Reporting Currency | 1.00 | 1.07 | 1.00 | 1.13 | 1.00 | 1.00 | |