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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Ps Multiple | 0.4x - 0.5x | 0.4x |
Selected Fwd Ps Multiple | 0.4x - 0.4x | 0.4x |
Fair Value | €1.08 - €1.20 | €1.14 |
Upside | 8.4% - 19.8% | 14.1% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
Biosynex SA | - | ENXTPA:ALBIO |
Laboratoires Euromedis Société anonyme | - | ENXTPA:ALEMG |
Crossject Société Anonyme | - | ENXTPA:ALCJ |
Theraclion SA | - | ENXTPA:ALTHE |
Implanet S.A. | - | ENXTPA:ALIMP |
Diagnostic Medical Systems S.A. | - | ENXTPA:ALDMS |
Select Price / LTM Sales Ratio | ||||||||
Benchmark Companies | ||||||||
ALBIO | ALEMG | ALCJ | ALTHE | ALIMP | ALDMS | |||
ENXTPA:ALBIO | ENXTPA:ALEMG | ENXTPA:ALCJ | ENXTPA:ALTHE | ENXTPA:ALIMP | ENXTPA:ALDMS | |||
Historical Sales Growth | ||||||||
5Y CAGR | 24.3% | -13.2% | -3.4% | -1.2% | 2.1% | 9.8% | ||
3Y CAGR | -15.5% | -42.2% | -14.0% | 34.8% | 24.1% | 8.0% | ||
Latest Twelve Months | 7.3% | -37.4% | 6.3% | -31.4% | 26.3% | 16.7% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 2.4% | 7.2% | -207.4% | -294.2% | -64.0% | -14.3% | ||
Prior Fiscal Year | 8.0% | -10.9% | -223.1% | -401.8% | -44.1% | -12.2% | ||
Latest Fiscal Year | -39.7% | 35.0% | -310.9% | -201.7% | -89.6% | -22.1% | ||
Latest Twelve Months | -37.0% | 58.5% | -310.9% | -277.7% | -94.7% | -32.2% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | -4.2x | -4.3x | -9.4x | -2.8x | -4.9x | -22.1x | ||
Price / LTM Sales | 0.3x | 0.4x | 15.2x | 6.5x | 1.4x | 0.4x | ||
LTM P/E Ratio | -0.8x | 0.6x | -4.9x | -2.3x | -2.4x | -1.2x | ||
Low | Mid | High | ||||||
Benchmark LTM P/S Ratio | 0.3x | 1.4x | 15.2x | |||||
Historical LTM P/S Ratio | 0.6x | 0.7x | 0.8x | |||||
Selected Price / Sales Multiple | 0.4x | 0.4x | 0.5x | |||||
(x) LTM Sales | 47 | 47 | 47 | |||||
(=) Equity Value | 19 | 20 | 21 | |||||
(/) Shares Outstanding | 18.1 | 18.1 | 18.1 | |||||
Implied Value Range | 1.05 | 1.10 | 1.16 | |||||
FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 1.05 | 1.10 | 1.16 | 1.00 | ||||
Upside / (Downside) | 5.1% | 10.6% | 16.2% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | ALBIO | ALEMG | ALCJ | ALTHE | ALIMP | ALDMS | |
Value of Common Equity | 33 | 11 | 63 | 8 | 13 | 18 | |
(/) Shares Outstanding | 18.7 | 2.8 | 47.8 | 46.3 | 125.0 | 18.1 | |
Implied Stock Price | 1.74 | 3.96 | 1.31 | 0.18 | 0.10 | 1.00 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 1.74 | 3.96 | 1.31 | 0.18 | 0.10 | 1.00 | |
Trading Currency | EUR | EUR | EUR | EUR | EUR | EUR | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |