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 | -6.7x - -7.4x | -7.0x |
| Selected Fwd EBIT Multiple | 21.8x - 24.1x | 23.0x |
| Fair Value | €0.86 - €2.55 | €1.70 |
| Upside | -64.3% - 6.0% | -29.2% |
| Benchmarks | Ticker | Full Ticker |
| Dunelm Group plc | DFQ | DB:DFQ |
| H & M Hennes & Mauritz AB (publ) | HM B | OM:HMB |
| Westwing Group SE | WEW | DB:WEW |
| DFS Furniture plc | DF0 | DB:DF0 |
| Samse SA | SAMS | ENXTPA:SAMS |
| Maisons du Monde S.A. | MDM | ENXTPA:MDM |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| DFQ | HM B | WEW | DF0 | SAMS | MDM | ||
| DB:DFQ | OM:HMB | DB:WEW | DB:DF0 | ENXTPA:SAMS | ENXTPA:MDM | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | 10.9% | 0.0% | NM- | 3.3% | -3.5% | NM- | |
| 3Y CAGR | 8.6% | 4.5% | -45.8% | -30.3% | -25.8% | NM- | |
| Latest Twelve Months | 4.7% | 4.1% | 169.6% | -21.0% | -52.0% | -375.1% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 12.5% | 5.2% | 0.2% | 6.1% | 5.4% | 4.9% | |
| Prior Fiscal Year | 12.1% | 5.7% | -1.1% | 6.0% | 5.6% | 2.9% | |
| Latest Fiscal Year | 12.5% | 7.4% | 0.7% | 4.8% | 2.6% | -8.9% | |
| Latest Twelve Months | 12.4% | 7.0% | 0.7% | 5.7% | 2.6% | -8.9% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 1.13x | 1.12x | 0.25x | 0.80x | 0.47x | 0.67x | |
| EV / LTM EBITDA | 8.1x | 11.5x | 18.8x | 10.2x | 11.2x | 5.1x | |
| EV / LTM EBIT | 9.1x | 15.9x | 34.6x | 14.1x | 17.7x | -7.5x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | 9.1x | 15.9x | 34.6x | ||||
| Historical EV / LTM EBIT | -7.5x | 15.1x | 25.5x | ||||
| Selected EV / LTM EBIT | -6.7x | -7.0x | -7.4x | ||||
| (x) LTM EBIT | (92) | (92) | (92) | ||||
| (=) Implied Enterprise Value | 612 | 644 | 676 | ||||
| (-) Non-shareholder Claims * | (593) | (593) | (593) | ||||
| (=) Equity Value | 19 | 51 | 83 | ||||
| (/) Shares Outstanding | 39.0 | 39.0 | 39.0 | ||||
| Implied Value Range | 0.48 | 1.30 | 2.13 | ||||
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 0.48 | 1.30 | 2.13 | 2.41 | |||
| Upside / (Downside) | -80.0% | -45.7% | -11.4% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | DFQ | HM B | WEW | DF0 | SAMS | MDM | |
| Enterprise Value | 1,985 | 263,714 | 111 | 781 | 906 | 687 | |
| (+) Cash & Short Term Investments | 57 | 16,578 | 69 | 22 | 122 | 91 | |
| (+) Investments & Other | 0 | 2,922 | 0 | 0 | 71 | 13 | |
| (-) Debt | (244) | (77,540) | (33) | (515) | (617) | (696) | |
| (-) Other Liabilities | 0 | (58) | 0 | 0 | (4) | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 1,798 | 205,616 | 147 | 289 | 478 | 94 | |
| (/) Shares Outstanding | 201.2 | 1,604.5 | 18.8 | 230.7 | 3.4 | 39.0 | |
| Implied Stock Price | 8.94 | 128.15 | 7.80 | 1.25 | 139.50 | 2.41 | |
| FX Conversion Rate to Trading Currency | 0.85 | 1.00 | 1.00 | 0.85 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 10.50 | 128.15 | 7.80 | 1.47 | 139.50 | 2.41 | |
| Trading Currency | EUR | SEK | EUR | EUR | EUR | EUR | |
| FX Rate to Reporting Currency | 0.85 | 1.00 | 1.00 | 0.85 | 1.00 | 1.00 | |