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 | 374.9 M - 738 M | 556.7 M |
| Discount Rate | 10.8% - 8.8% | 9.8% |
| Fair Value | $22.22 - $73.41 | $45.22 |
| Upside | -41.5% - 93.2% | 19.0% |
| 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 | 9,714 | 11,434 | 7,979 | 6,024 | 5,130 | 5,130 | |
| Adjusted EBITDA Build-up | |||||||
| EBT, Incl. Unusual Items | (844) | 1,094 | 1,131 | 180 | 320 | 320 | |
| (+) Net Interest Expense | 104 | 90 | 27 | 29 | 91 | 91 | |
| (+) Other Non Operating Exp. | 27 | (153) | (200) | (9) | (38) | (38) | |
| (+) D&A | 855 | 735 | 774 | 730 | 317 | 317 | |
| (+) Non-recurring Items | 1,574 | 180 | 166 | 593 | 229 | 229 | |
| Adjusted EBITDA | 1,716 | 1,946 | 1,898 | 1,523 | 919 | 919 | |
| (-) D&A | (855) | (735) | (774) | (730) | (317) | (317) | |
| Adjusted EBIT | 861 | 1,211 | 1,124 | 793 | 602 | 602 | |
| % of Revenue | 8.9% | 10.6% | 14.1% | 13.2% | 11.7% | 11.7% | |
| Low | Median | High | |||||
| Adjusted EBIT Margin | 8.9% | 11.7% | 14.1% | ||||
| Equity Waterfall | |||||||
| Model | |||||||
| (EUR in millions) | Low | Mid | High | Market | |||
| Enterprise Value | 3,487 | 5,709 | 8,434 | 5,011 | |||
| (+) Cash & Short Term Investments | 555 | 555 | 555 | 555 | |||
| (+) Investments & Other | 308 | 308 | 308 | 308 | |||
| (-) Debt | (2,138) | (2,138) | (2,138) | (2,138) | |||
| (-) Other Liabilities | (65) | (65) | (65) | (65) | |||
| (-) Preferred Stock | 0 | 0 | 0 | 0 | |||
| (-) Other | 0 | 0 | 0 | 0 | |||
| Value of Common Equity | 2,147 | 4,369 | 7,094 | 3,671 | |||
| (/) Shares Outstanding | 104.3 | 104.3 | 104.3 | 104.3 | |||
| Implied Stock Price (EUR) | 20.58 | 41.88 | 67.99 | 35.19 | |||
| FX Rate: EUR/USD | 0.93 | 0.93 | 0.93 | 0.93 | |||
| Implied Stock Price (USD) | 22.22 | 45.22 | 73.41 | 37.99 | |||
| Upside / (Downside) | -41.51% | 19.02% | 93.23% | ||||
| Stock Price | 37.99 | ||||||
| Stock Price Close | 37.99 | ||||||
| Restatment Type | Press Release | ||||||
| Reporting Currency | EUR | ||||||
| Trading Currency | USD | ||||||
| FX Rate: EUR/USD | 0.93 | ||||||
| Market Cap | 3,857.0 | ||||||
| Shares Outstanding | 104.3 | ||||||
| Share Exchange Ratio | 1.0 | ||||||
| Liquid Long-term Investments | 0 | ||||||