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 | 4.7x - 5.1x | 4.9x |
| Selected Fwd EBIT Multiple | 2.1x - 2.3x | 2.2x |
| Fair Value | $0.77 - $0.83 | $0.80 |
| Upside | -20.1% - -13.3% | -16.7% |
| Benchmarks | Ticker | Full Ticker |
| Take-Two Interactive Software, Inc. | TTWO | NasdaqGS:TTWO |
| Electronic Arts Inc. | EA | NasdaqGS:EA |
| Enad Global 7 AB (publ) | ENAD.F | OTCPK:ENAD.F |
| Embracer Group AB (publ) | THQQ.F | OTCPK:THQQ.F |
| Ubisoft Entertainment SA | UBSF.F | OTCPK:UBSF.F |
| Snail, Inc. | SNAL | NasdaqCM:SNAL |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| TTWO | EA | ENAD.F | THQQ.F | UBSF.F | SNAL | ||
| NasdaqGS:TTWO | NasdaqGS:EA | OTCPK:ENAD.F | OTCPK:THQQ.F | OTCPK:UBSF.F | NasdaqCM:SNAL | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | NM- | 10.3% | NM- | NM- | 9.1% | NM- | |
| 3Y CAGR | NM- | 16.4% | NM- | NM- | -7.0% | -46.0% | |
| Latest Twelve Months | -5.6% | -4.6% | -157.6% | -594.4% | 116.5% | 137.8% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 4.0% | 20.4% | -3.9% | -4.6% | 4.4% | -1.3% | |
| Prior Fiscal Year | -10.3% | 20.6% | 11.6% | 1.3% | -26.9% | -16.9% | |
| Latest Fiscal Year | -8.8% | 21.8% | -7.2% | -24.8% | 14.0% | 4.6% | |
| Latest Twelve Months | -10.0% | 21.0% | -7.2% | -30.5% | 2.5% | 4.6% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 7.43x | 5.04x | 0.42x | 0.78x | 1.22x | 0.36x | |
| EV / LTM EBITDA | 114.2x | 19.5x | 1.9x | -4.8x | -16.4x | 7.2x | |
| EV / LTM EBIT | -74.0x | 24.0x | -5.8x | -2.6x | 49.8x | 7.8x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | -74.0x | -2.6x | 49.8x | ||||
| Historical EV / LTM EBIT | -2.6x | 7.7x | 7.8x | ||||
| Selected EV / LTM EBIT | 4.7x | 4.9x | 5.1x | ||||
| (x) LTM EBIT | 4 | 4 | 4 | ||||
| (=) Implied Enterprise Value | 18 | 19 | 20 | ||||
| (-) Non-shareholder Claims * | 6 | 6 | 6 | ||||
| (=) Equity Value | 24 | 25 | 26 | ||||
| (/) Shares Outstanding | 37.2 | 37.2 | 37.2 | ||||
| Implied Value Range | 0.64 | 0.66 | 0.69 | ||||
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 0.64 | 0.66 | 0.69 | 0.96 | |||
| Upside / (Downside) | -33.7% | -31.0% | -28.4% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | TTWO | EA | ENAD.F | THQQ.F | UBSF.F | SNAL | |
| Enterprise Value | 40,437 | 37,044 | 707 | 27,393 | 2,535 | 30 | |
| (+) Cash & Short Term Investments | 1,210 | 3,155 | 322 | 3,041 | 933 | 7 | |
| (+) Investments & Other | 41 | 0 | 0 | 755 | 48 | 0 | |
| (-) Debt | (4,104) | (2,279) | (69) | (7,228) | (2,341) | (7) | |
| (-) Other Liabilities | 0 | 0 | 0 | (903) | (3) | 6 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 37,585 | 37,920 | 960 | 23,058 | 1,172 | 36 | |
| (/) Shares Outstanding | 176.5 | 260.6 | 88.6 | 225.1 | 130.8 | 37.2 | |
| Implied Stock Price | 212.95 | 145.50 | 10.83 | 102.44 | 8.96 | 0.96 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 9.76 | 9.76 | 0.88 | 1.00 | |
| Implied Stock Price (Trading Cur) | 212.95 | 145.50 | 1.11 | 10.50 | 10.16 | 0.96 | |
| Trading Currency | USD | USD | USD | USD | USD | USD | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 9.76 | 9.76 | 0.88 | 1.00 | |