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 EBITDA Multiple | 14.3x - 15.8x | 15.1x |
| Selected Fwd EBITDA Multiple | 12.1x - 13.4x | 12.7x |
| Fair Value | $77.12 - $86.40 | $81.76 |
| Upside | -21.7% - -12.2% | -17.0% |
| Benchmarks | Ticker | Full Ticker |
| Xylem Inc. | XYL | NYSE:XYL |
| Crane Company | CR | NYSE:CR |
| The Gorman-Rupp Company | GRC | NYSE:GRC |
| Dover Corporation | DOV | NYSE:DOV |
| The Weir Group PLC | WEIG.F | OTCPK:WEIG.F |
| Pentair plc | PNR | NYSE:PNR |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| XYL | CR | GRC | DOV | WEIG.F | PNR | ||
| NYSE:XYL | NYSE:CR | NYSE:GRC | NYSE:DOV | OTCPK:WEIG.F | NYSE:PNR | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | 12.2% | -7.0% | 15.5% | 4.1% | 2.7% | 14.6% | |
| 3Y CAGR | 26.9% | 18.1% | 32.0% | 0.6% | 12.9% | 12.3% | |
| Latest Twelve Months | 19.0% | 27.2% | 3.4% | 9.2% | 5.3% | 14.5% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 16.8% | 15.4% | 14.8% | 20.1% | 16.7% | 20.6% | |
| Prior Fiscal Year | 17.6% | 16.8% | 17.3% | 20.5% | 16.5% | 21.9% | |
| Latest Fiscal Year | 19.7% | 18.4% | 17.8% | 21.0% | 18.2% | 24.8% | |
| Latest Twelve Months | 20.1% | 18.7% | 17.9% | 21.6% | 18.2% | 25.4% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 3.75x | 4.56x | 2.04x | 3.44x | 2.69x | 4.42x | |
| EV / LTM EBITDA | 18.6x | 24.3x | 11.4x | 16.0x | 14.8x | 17.4x | |
| EV / LTM EBIT | 27.9x | 27.9x | 14.9x | 20.1x | 17.3x | 19.5x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | 11.4x | 16.0x | 24.3x | ||||
| Historical EV / LTM EBITDA | 12.6x | 18.2x | 18.8x | ||||
| Selected EV / LTM EBITDA | 14.3x | 15.1x | 15.8x | ||||
| (x) LTM EBITDA | 1,037 | 1,037 | 1,037 | ||||
| (=) Implied Enterprise Value | 14,866 | 15,648 | 16,431 | ||||
| (-) Non-shareholder Claims * | (1,813) | (1,813) | (1,813) | ||||
| (=) Equity Value | 13,053 | 13,835 | 14,618 | ||||
| (/) Shares Outstanding | 164.5 | 164.5 | 164.5 | ||||
| Implied Value Range | 79.34 | 84.09 | 88.85 | ||||
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 79.34 | 84.09 | 88.85 | 98.46 | |||
| Upside / (Downside) | -19.4% | -14.6% | -9.8% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | XYL | CR | GRC | DOV | WEIG.F | PNR | |
| Enterprise Value | 32,204 | 9,941 | 1,358 | 26,613 | 6,532 | 18,013 | |
| (+) Cash & Short Term Investments | 1,059 | 435 | 22 | 1,805 | 556 | 141 | |
| (+) Investments & Other | 0 | 0 | 0 | 0 | 13 | 0 | |
| (-) Debt | (2,136) | (260) | (353) | (2,973) | (1,091) | (1,954) | |
| (-) Other Liabilities | (238) | (2) | 0 | 0 | (9) | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 30,889 | 10,114 | 1,026 | 25,445 | 6,001 | 16,199 | |
| (/) Shares Outstanding | 243.4 | 57.5 | 26.3 | 137.1 | 257.6 | 164.5 | |
| Implied Stock Price | 126.93 | 175.89 | 39.03 | 185.59 | 23.30 | 98.46 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 0.75 | 1.00 | |
| Implied Stock Price (Trading Cur) | 126.93 | 175.89 | 39.03 | 185.59 | 31.00 | 98.46 | |
| Trading Currency | USD | USD | USD | USD | USD | USD | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 0.75 | 1.00 | |