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Metrics | Range | Conclusion |
---|---|---|
Selected LTM EBIT Multiple | 7.9x - 8.7x | 8.3x |
Selected Fwd EBIT Multiple | 5.7x - 6.2x | 5.9x |
Fair Value | €9.57 - €13.34 | €11.45 |
Upside | -28.3% - -0.1% | -14.2% |
Benchmarks | Ticker | Full Ticker |
Dominion Hosting Holding S.p.A. | DHH | BIT:DHH |
Tiny Ltd. | I0B | DB:I0B |
INVL Technology UTIB | INC1L | NSEL:INC1L |
authID Inc. | 8KZ0 | DB:8KZ0 |
SUIC Worldwide Holdings Ltd. | SUIC | OTCPK:SUIC |
Brockhaus Technologies AG | BKHT | XTRA:BKHT |
- | - | - |
Select LTM EBIT Multiple | |||||||
Benchmark Companies | |||||||
DHH | I0B | INC1L | 8KZ0 | SUIC | BKHT | ||
BIT:DHH | DB:I0B | NSEL:INC1L | DB:8KZ0 | OTCPK:SUIC | XTRA:BKHT | ||
Historical EBIT Growth | |||||||
5Y CAGR | 114.9% | NM- | NM- | NM- | NM- | NM- | |
3Y CAGR | 19.3% | NM- | NM- | NM- | NM- | NM- | |
Latest Twelve Months | 8.3% | 85.3% | 49.4% | -54.1% | 59.1% | 13.1% | |
Historical EBIT Profit Margin | |||||||
5 Year Average Margin | 15.6% | 8.5% | NA | -2886.5% | 4.2% | 3.8% | |
Prior Fiscal Year | 17.9% | -3.3% | NA | -5648.3% | NA | 20.5% | |
Latest Fiscal Year | 18.2% | -2.5% | NA | -1656.5% | NA | 20.5% | |
Latest Twelve Months | 18.2% | -0.7% | NA | -1551.6% | NA | 20.8% | |
Current Trading Multiples | |||||||
EV / LTM Revenue | 2.84x | 1.20x | NA | 49.52x | NA | 1.86x | |
EV / LTM EBITDA | 11.8x | 21.6x | NA | -3.2x | -2.8x | 6.6x | |
EV / LTM EBIT | 15.6x | -176.9x | -14.6x | -3.2x | -2.8x | 8.9x | |
Low | Mid | High | |||||
Benchmark EV / LTM EBIT | -176.9x | -3.2x | 15.6x | ||||
Historical EV / LTM EBIT | -121.0x | -18.5x | 31.9x | ||||
Selected EV / LTM EBIT | 7.9x | 8.3x | 8.7x | ||||
(x) LTM EBIT | 46 | 46 | 46 | ||||
(=) Implied Enterprise Value | 363 | 382 | 401 | ||||
(-) Non-shareholder Claims * | (273) | (273) | (273) | ||||
(=) Equity Value | 89 | 108 | 127 | ||||
(/) Shares Outstanding | 10.4 | 10.4 | 10.4 | ||||
Implied Value Range | 8.54 | 10.37 | 12.19 | ||||
FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | Market Price | |||
Implied Value Range (Trading Cur) | 8.54 | 10.37 | 12.19 | 13.35 | |||
Upside / (Downside) | -36.0% | -22.4% | -8.7% |
Equity Waterfall | |||||||
Benchmark Companies | |||||||
(in millions) | DHH | I0B | INC1L | 8KZ0 | SUIC | BKHT | |
Enterprise Value | 105 | 232 | (13) | 70 | 1 | 413 | |
(+) Cash & Short Term Investments | 13 | 20 | 1 | 3 | 0 | 45 | |
(+) Investments & Other | 1 | 45 | 54 | 0 | 0 | 0 | |
(-) Debt | (16) | (114) | 0 | 0 | (1) | (277) | |
(-) Other Liabilities | (1) | (7) | 0 | 0 | 0 | (41) | |
(-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
(-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
Value of Common Equity | 102 | 176 | 43 | 72 | 0 | 139 | |
(/) Shares Outstanding | 5.2 | 229.5 | 12.0 | 36.9 | 11.4 | 10.4 | |
Implied Stock Price | 19.65 | 0.77 | 3.56 | 1.96 | 0.00 | 13.35 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.60 | 1.00 | 1.16 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 19.65 | 0.48 | 3.56 | 1.69 | 0.00 | 13.35 | |
Trading Currency | EUR | EUR | EUR | EUR | USD | EUR | |
FX Rate to Reporting Currency | 1.00 | 1.60 | 1.00 | 1.16 | 1.00 | 1.00 |