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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Ps Multiple | 2.0x - 2.2x | 2.1x |
Selected Fwd Ps Multiple | 1.9x - 2.1x | 2.0x |
Fair Value | $91.60 - $101.24 | $96.42 |
Upside | -3.2% - 7.0% | 1.9% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
Helios Technologies, Inc. | - | NYSE:HLIO |
Worthington Enterprises, Inc. | - | NYSE:WOR |
Watts Water Technologies, Inc. | - | NYSE:WTS |
Dover Corporation | - | NYSE:DOV |
Lindsay Corporation | - | NYSE:LNN |
Franklin Electric Co., Inc. | - | NasdaqGS:FELE |
Select Price / LTM Sales Ratio | ||||||||
Benchmark Companies | ||||||||
HLIO | WOR | WTS | DOV | LNN | FELE | |||
NYSE:HLIO | NYSE:WOR | NYSE:WTS | NYSE:DOV | NYSE:LNN | NasdaqGS:FELE | |||
Historical Sales Growth | ||||||||
5Y CAGR | 7.8% | -19.8% | 7.1% | 1.7% | 6.5% | 9.0% | ||
3Y CAGR | -2.5% | -26.8% | 7.6% | -0.7% | 2.3% | 6.7% | ||
Latest Twelve Months | -3.6% | -10.9% | 9.5% | 0.8% | -7.2% | -2.1% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 7.6% | 17.7% | 10.7% | 14.3% | 8.9% | 8.9% | ||
Prior Fiscal Year | 4.5% | 8.0% | 12.7% | 12.3% | 10.7% | 9.3% | ||
Latest Fiscal Year | 4.8% | 2.2% | 12.9% | 18.1% | 10.9% | 8.9% | ||
Latest Twelve Months | 4.8% | 5.3% | 12.9% | 18.1% | 11.2% | 8.9% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 10.0x | 30.1x | 14.7x | 15.5x | 13.5x | 14.0x | ||
Price / LTM Sales | 1.3x | 2.2x | 3.0x | 3.1x | 2.3x | 2.1x | ||
LTM P/E Ratio | 27.6x | 41.6x | 23.3x | 17.1x | 20.1x | 24.1x | ||
Low | Mid | High | ||||||
Benchmark LTM P/S Ratio | 1.3x | 2.3x | 3.1x | |||||
Historical LTM P/S Ratio | 1.9x | 2.1x | 2.8x | |||||
Selected Price / Sales Multiple | 2.0x | 2.1x | 2.2x | |||||
(x) LTM Sales | 2,021 | 2,021 | 2,021 | |||||
(=) Equity Value | 4,111 | 4,328 | 4,544 | |||||
(/) Shares Outstanding | 45.8 | 45.8 | 45.8 | |||||
Implied Value Range | 89.80 | 94.53 | 99.26 | |||||
FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 89.80 | 94.53 | 99.26 | 94.60 | ||||
Upside / (Downside) | -5.1% | -0.1% | 4.9% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | HLIO | WOR | WTS | DOV | LNN | FELE | |
Value of Common Equity | 1,074 | 2,526 | 6,796 | 23,938 | 1,377 | 4,331 | |
(/) Shares Outstanding | 33.3 | 50.0 | 33.3 | 137.1 | 10.9 | 45.8 | |
Implied Stock Price | 32.27 | 50.48 | 203.98 | 174.65 | 126.71 | 94.60 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 32.27 | 50.48 | 203.98 | 174.65 | 126.71 | 94.60 | |
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 |