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 |
|---|---|---|
| Adjusted Earnings | 158 M - 559.3 M | 342.5 M |
| Discount Rate | 10.0% - 8.0% | 9.0% |
| Fair Value | $1.29 - $9.53 | $4.68 |
| Upside | -66.8% - 144.4% | 20.0% |
| Estimate Adjusted EBIT Margin | |||||||
| Fiscal Year Ending | LTM | ||||||
| Dec-20 | Dec-21 | Dec-22 | Dec-23 | Dec-24 | Dec-24 | ||
| (EUR in millions) | FY-4 | FY-3 | FY-2 | FY-1 | FY | LTM | |
| Revenue | 1,387 | 1,598 | 2,481 | 1,971 | 2,088 | 2,088 | |
| Adjusted EBITDA Build-up | |||||||
| EBT, Incl. Unusual Items | 126 | 212 | 516 | 347 | 353 | 353 | |
| (+) Net Interest Expense | 16 | 17 | 18 | 25 | 26 | 26 | |
| (+) Other Non Operating Exp. | (1) | 1 | 39 | (7) | |||
| (+) D&A | 146 | 114 | 153 | 127 | 140 | 140 | |
| (+) Non-recurring Items | (20) | 1 | 20 | 7 | 1 | 1 | |
| Adjusted EBITDA | 266 | 344 | 746 | 498 | 520 | 520 | |
| (-) D&A | (146) | (114) | (153) | (127) | (140) | (140) | |
| Adjusted EBIT | 120 | 230 | 593 | 372 | 380 | 380 | |
| % of Revenue | 8.7% | 14.4% | 23.9% | 18.8% | 18.2% | 18.2% | |
| Low | Median | High | |||||
| Adjusted EBIT Margin | 8.7% | 18.2% | 23.9% | ||||
| Equity Waterfall | |||||||
| Model | |||||||
| (EUR in millions) | Low | Mid | High | Market | |||
| Enterprise Value | 1,580 | 3,805 | 6,992 | 3,292 | |||
| (+) Cash & Short Term Investments | 287 | 287 | 287 | 287 | |||
| (+) Investments & Other | 0 | 0 | 0 | 0 | |||
| (-) Debt | (1,016) | (1,016) | (1,016) | (1,016) | |||
| (-) Other Liabilities | (0) | (0) | (0) | (0) | |||
| (-) Preferred Stock | 0 | 0 | 0 | 0 | |||
| (-) Other | 0 | 0 | 0 | 0 | |||
| Value of Common Equity | 851 | 3,076 | 6,262 | 2,562 | |||
| (/) Shares Outstanding | 711.2 | 711.2 | 711.2 | 711.2 | |||
| Implied Stock Price (EUR) | 1.20 | 4.33 | 8.81 | 3.60 | |||
| FX Rate: EUR/USD | 0.92 | 0.92 | 0.92 | 0.92 | |||
| Implied Stock Price (USD) | 1.29 | 4.68 | 9.53 | 3.90 | |||
| Upside / (Downside) | -66.80% | 20.05% | 144.40% | ||||
| Stock Price | 3.90 | ||||||
| Stock Price Close | 3.90 | ||||||
| Restatment Type | Press Release | ||||||
| Reporting Currency | EUR | ||||||
| Trading Currency | USD | ||||||
| FX Rate: EUR/USD | 0.92 | ||||||
| Market Cap | 2,559.0 | ||||||
| Shares Outstanding | 711.2 | ||||||
| Share Exchange Ratio | 1.0 | ||||||
| Liquid Long-term Investments | 0 | ||||||