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 EBIT Multiple | 8.9x - 9.9x | 9.4x |
| Selected Fwd EBIT Multiple | 7.0x - 7.8x | 7.4x |
| Fair Value | €10.45 - €11.65 | €11.05 |
| Upside | 6.6% - 18.9% | 12.7% |
| Benchmarks | Ticker | Full Ticker |
| EXEL Industries SA | 8YK | DB:8YK |
| DMG MORI AKTIENGESELLSCHAFT | GIL | XTRA:GIL |
| WashTec AG | WSU | XTRA:WSU |
| Pfeiffer Vacuum Technology AG | PFV | XTRA:PFV |
| DATRON AG | DAR | XTRA:DAR |
| Masterflex SE | MZX | XTRA:MZX |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| 8YK | GIL | WSU | PFV | DAR | MZX | ||
| DB:8YK | XTRA:GIL | XTRA:WSU | XTRA:PFV | XTRA:DAR | XTRA:MZX | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | 11.5% | 2.0% | 3.1% | -2.4% | 3.1% | 22.2% | |
| 3Y CAGR | 1.1% | 27.1% | -0.7% | -18.9% | 40.9% | 35.4% | |
| Latest Twelve Months | -15.5% | 3.2% | 11.8% | -49.5% | -17.6% | 0.8% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 5.1% | 7.2% | 8.2% | 11.3% | 8.4% | 8.6% | |
| Prior Fiscal Year | 6.1% | 9.1% | 8.0% | 12.0% | 10.0% | 11.9% | |
| Latest Fiscal Year | 5.1% | 10.6% | 9.2% | 6.5% | 9.3% | 12.4% | |
| Latest Twelve Months | 5.1% | 10.6% | 9.2% | 6.5% | 8.1% | 12.4% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 0.33x | 1.54x | 1.14x | 1.56x | 0.61x | 0.99x | |
| EV / LTM EBITDA | 4.8x | 11.8x | 11.2x | 14.4x | 6.2x | 6.1x | |
| EV / LTM EBIT | 6.5x | 14.6x | 12.3x | 23.9x | 7.6x | 8.0x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | 6.5x | 12.3x | 23.9x | ||||
| Historical EV / LTM EBIT | 8.0x | 10.4x | 58.3x | ||||
| Selected EV / LTM EBIT | 8.9x | 9.4x | 9.9x | ||||
| (x) LTM EBIT | 12 | 12 | 12 | ||||
| (=) Implied Enterprise Value | 108 | 114 | 120 | ||||
| (-) Non-shareholder Claims * | (9) | (9) | (9) | ||||
| (=) Equity Value | 99 | 105 | 111 | ||||
| (/) Shares Outstanding | 9.6 | 9.6 | 9.6 | ||||
| Implied Value Range | 10.32 | 10.92 | 11.51 | ||||
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 10.32 | 10.92 | 11.51 | 9.80 | |||
| Upside / (Downside) | 5.3% | 11.4% | 17.4% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | 8YK | GIL | WSU | PFV | DAR | MZX | |
| Enterprise Value | 359 | 3,451 | 545 | 1,382 | 39 | 103 | |
| (+) Cash & Short Term Investments | 50 | 138 | 20 | 134 | 5 | 12 | |
| (+) Investments & Other | 8 | 125 | 0 | 0 | 0 | 0 | |
| (-) Debt | (179) | (74) | (66) | 0 | (15) | (20) | |
| (-) Other Liabilities | (1) | (30) | 0 | 0 | 0 | (0) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 237 | 3,610 | 499 | 1,516 | 30 | 94 | |
| (/) Shares Outstanding | 6.8 | 78.8 | 13.4 | 9.9 | 4.0 | 9.6 | |
| Implied Stock Price | 34.90 | 45.80 | 37.30 | 153.60 | 7.45 | 9.80 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 34.90 | 45.80 | 37.30 | 153.60 | 7.45 | 9.80 | |
| Trading Currency | EUR | EUR | EUR | EUR | EUR | EUR | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |