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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | -8.4x - -9.3x | -8.9x |
Selected Fwd P/E Multiple | 13.2x - 14.6x | 13.9x |
Fair Value | $8.82 - $9.75 | $9.29 |
Upside | -8.1% - 1.6% | -3.3% |
Benchmarks | - | Full Ticker |
Dell Technologies Inc. | - | NYSE:DELL |
HP Inc. | - | NYSE:HPQ |
Turtle Beach Corporation | - | NasdaqGM:TBCH |
Eastman Kodak Company | - | NYSE:KODK |
Pure Storage, Inc. | - | NYSE:PSTG |
Corsair Gaming, Inc. | - | NasdaqGS:CRSR |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
DELL | HPQ | TBCH | KODK | PSTG | CRSR | |||
NYSE:DELL | NYSE:HPQ | NasdaqGM:TBCH | NYSE:KODK | NYSE:PSTG | NasdaqGS:CRSR | |||
Historical Net Income Growth | ||||||||
5Y CAGR | 54.3% | -2.5% | -2.0% | NM- | NM- | NM- | ||
3Y CAGR | -2.5% | -24.9% | -3.0% | 52.5% | NM- | NM- | ||
Latest Twelve Months | 19.9% | -15.2% | 242.0% | -21.8% | 36.3% | -1065.2% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 3.9% | 6.2% | -2.2% | -6.6% | -3.3% | 0.4% | ||
Prior Fiscal Year | 3.8% | 6.1% | -6.8% | 5.0% | 2.2% | 0.2% | ||
Latest Fiscal Year | 4.8% | 5.2% | 4.3% | 7.5% | 3.4% | -7.5% | ||
Latest Twelve Months | 4.7% | 4.6% | 4.0% | 4.1% | 3.9% | -7.2% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 10.6x | 7.2x | 6.9x | 6.1x | 77.8x | 109.7x | ||
Price / LTM Sales | 0.9x | 0.4x | 0.8x | 0.5x | 5.7x | 0.8x | ||
LTM P/E Ratio | 18.6x | 9.7x | 18.9x | 11.7x | 145.6x | -10.5x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | 9.7x | 18.6x | 145.6x | |||||
Historical LTM P/E Ratio | -28.0x | 16.6x | 153.4x | |||||
Selected P/E Multiple | -8.4x | -8.9x | -9.3x | |||||
(x) LTM Net Income | (97) | (97) | (97) | |||||
(=) Equity Value | 813 | 856 | 899 | |||||
(/) Shares Outstanding | 105.8 | 105.8 | 105.8 | |||||
Implied Value Range | 7.69 | 8.09 | 8.50 | |||||
FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 7.69 | 8.09 | 8.50 | 9.60 | ||||
Upside / (Downside) | -19.9% | -15.7% | -11.5% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | DELL | HPQ | TBCH | KODK | PSTG | CRSR | |
Value of Common Equity | 85,006 | 24,421 | 291 | 502 | 18,607 | 1,016 | |
(/) Shares Outstanding | 678.8 | 939.3 | 20.1 | 80.8 | 326.8 | 105.8 | |
Implied Stock Price | 125.22 | 26.00 | 14.43 | 6.21 | 56.93 | 9.60 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 125.22 | 26.00 | 14.43 | 6.21 | 56.93 | 9.60 | |
Trading Currency | USD | USD | USD | USD | USD | USD | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |