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 Ps Multiple | 7.0x - 7.8x | 7.4x |
| Selected Fwd Ps Multiple | 6.5x - 7.2x | 6.9x |
| Fair Value | €223.40 - €246.92 | €235.16 |
| Upside | -17.6% - -8.9% | -13.3% |
| Benchmarks | Ticker | Full Ticker |
|---|---|---|
| TMX Group Limited | - | DB:9TX |
| Nasdaq, Inc. | - | XTRA:NAQ |
| Bursa Malaysia Berhad | - | KLSE:BURSA |
| B3 S.A. - Brasil, Bolsa, Balcão | - | DB:YBV0 |
| JSE Limited | - | JSE:JSE |
| Deutsche Börse AG | - | XTRA:DB1 |
| Select Price / LTM Sales Ratio | ||||||||
| Benchmark Companies | ||||||||
| 9TX | NAQ | BURSA | YBV0 | JSE | DB1 | |||
| DB:9TX | XTRA:NAQ | KLSE:BURSA | DB:YBV0 | JSE:JSE | XTRA:DB1 | |||
| Historical Sales Growth | ||||||||
| 5Y CAGR | 12.6% | 11.7% | 9.3% | 10.0% | 6.4% | 11.9% | ||
| 3Y CAGR | 14.2% | 7.9% | 0.7% | 0.9% | 5.9% | 10.0% | ||
| Latest Twelve Months | 22.3% | 22.0% | 27.2% | 6.5% | 6.1% | 15.2% | ||
| Historical Net Income Profit Margin | ||||||||
| 5 Year Average Margin | 37.1% | 17.5% | 42.3% | 48.1% | 29.7% | 30.3% | ||
| Prior Fiscal Year | 29.8% | 17.5% | 41.1% | 46.3% | 29.5% | 34.2% | ||
| Latest Fiscal Year | 33.0% | 15.1% | 39.7% | 48.1% | 30.7% | 33.6% | ||
| Latest Twelve Months | 33.0% | 15.1% | 39.7% | 48.1% | 30.7% | 33.6% | ||
| Current Trading Multiples | ||||||||
| EV / LTM EBITDA | 20.0x | 19.4x | 12.6x | 9.6x | 6.8x | 17.9x | ||
| Price / LTM Sales | 9.6x | 5.7x | 8.0x | 6.6x | 3.3x | 8.5x | ||
| LTM P/E Ratio | 29.2x | 37.5x | 20.1x | 13.7x | 10.9x | 25.4x | ||
| Low | Mid | High | ||||||
| Benchmark LTM P/S Ratio | 3.3x | 6.6x | 9.6x | |||||
| Historical LTM P/S Ratio | 5.9x | 6.5x | 8.5x | |||||
| Selected Price / Sales Multiple | 7.0x | 7.4x | 7.8x | |||||
| (x) LTM Sales | 5,804 | 5,804 | 5,804 | |||||
| (=) Equity Value | 40,757 | 42,902 | 45,047 | |||||
| (/) Shares Outstanding | 183.8 | 183.8 | 183.8 | |||||
| Implied Value Range | 221.77 | 233.45 | 245.12 | |||||
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | Market Price | ||||
| Implied Value Range (Trading Cur) | 221.77 | 233.45 | 245.12 | 271.10 | ||||
| Upside / (Downside) | -18.2% | -13.9% | -9.6% | |||||
| Equity Value | |||||||
| Benchmark Companies | |||||||
| (in millions) | 9TX | NAQ | BURSA | YBV0 | JSE | DB1 | |
| Value of Common Equity | 14,111 | 42,365 | 6,215 | 62,823 | 10,056 | 49,822 | |
| (/) Shares Outstanding | 278.0 | 575.1 | 809.3 | 1,750.1 | 81.3 | 183.8 | |
| Implied Stock Price | 50.75 | 73.66 | 7.68 | 35.90 | 123.62 | 271.10 | |
| FX Conversion Rate to Trading Currency | 1.58 | 1.13 | 1.00 | 6.65 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 32.20 | 65.27 | 7.68 | 5.40 | 123.62 | 271.10 | |
| Trading Currency | EUR | EUR | MYR | EUR | ZAR | EUR | |
| FX Rate to Reporting Currency | 1.58 | 1.13 | 1.00 | 6.65 | 1.00 | 1.00 | |