Sayfa yüklenirken bir hata oluştu.
Teknik ekibimiz bilgilendirildi, ancak sorunun devam etmesi durumunda lütfen e-posta destek widget ile bize ulaşın.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBIT Multiple | 16,2x - 18,0x | 17,1x |
| Selected Fwd EBIT Multiple | 13,0x - 14,4x | 13,7x |
| Fair Value | ARS 9.630 - ARS 10.879 | ARS 10.255 |
| Upside | -20,6% - -10,3% | -15,4% |
| Benchmarks | Ticker | Full Ticker |
| Altria Group, Inc. | MO | NYSE:MO |
| 22nd Century Group, Inc. | XXII | NasdaqCM:XXII |
| British American Tobacco (Malaysia) Berhad | BATM.F | OTCPK:BATM.F |
| Imperial Brands PLC | IMBB.F | OTCPK:IMBB.F |
| British American Tobacco p.l.c. | BTI | NYSE:BTI |
| Philip Morris International Inc. | PM | BASE:PM |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| MO | XXII | BATM.F | IMBB.F | BTI | PM | ||
| NYSE:MO | NasdaqCM:XXII | OTCPK:BATM.F | OTCPK:IMBB.F | NYSE:BTI | BASE:PM | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | 2.3% | NM- | -10.2% | 6.2% | -1.2% | 3.6% | |
| 3Y CAGR | 0.5% | NM- | -12.2% | 2.3% | -3.5% | 0.4% | |
| Latest Twelve Months | 0.1% | 67.8% | 1.4% | -1.2% | -21.9% | 9.2% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 58.0% | -104.4% | 32.9% | 19.2% | 42.4% | 39.0% | |
| Prior Fiscal Year | 59.5% | -131.7% | 27.0% | 19.7% | 45.9% | 37.8% | |
| Latest Fiscal Year | 59.2% | -56.7% | 27.2% | 19.3% | 37.9% | 34.9% | |
| Latest Twelve Months | 59.7% | -50.1% | 29.0% | 19.1% | 37.9% | 37.4% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 5.70x | 0.42x | 2.59x | 1.82x | 3.96x | 8.55x | |
| EV / LTM EBITDA | 9.3x | -0.9x | 8.8x | 8.3x | 8.7x | 20.2x | |
| EV / LTM EBIT | 9.5x | -0.8x | 8.9x | 9.5x | 10.5x | 22.9x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | -0.8x | 9.5x | 10.5x | ||||
| Historical EV / LTM EBIT | 13.3x | 14.1x | 17.2x | ||||
| Selected EV / LTM EBIT | 16.2x | 17.1x | 18.0x | ||||
| (x) LTM EBIT | 14,341 | 14,341 | 14,341 | ||||
| (=) Implied Enterprise Value | 232,940 | 245,201 | 257,461 | ||||
| (-) Non-shareholder Claims * | (44,141) | (44,141) | (44,141) | ||||
| (=) Equity Value | 188,799 | 201,060 | 213,320 | ||||
| (/) Shares Outstanding | 23,541.5 | 23,541.5 | 23,541.5 | ||||
| Implied Value Range | 8.02 | 8.54 | 9.06 | ||||
| FX Rate: USD/ARS | 0.0 | 0.0 | 0.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 9,535.61 | 10,154.82 | 10,774.03 | 12,125.00 | |||
| Upside / (Downside) | -21.4% | -16.2% | -11.1% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | MO | XXII | BATM.F | IMBB.F | BTI | PM | |
| Enterprise Value | 115,373 | 9 | 2,487 | 33,388 | 102,935 | 284,209 | |
| (+) Cash & Short Term Investments | 4,726 | 1 | 43 | 599 | 5,810 | 4,443 | |
| (+) Investments & Other | 8,105 | 1 | 0 | 56 | 2,048 | 3,024 | |
| (-) Debt | (26,059) | (6) | (794) | (10,895) | (36,950) | (49,633) | |
| (-) Other Liabilities | (50) | 0 | 0 | (564) | (352) | (1,975) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 102,095 | 6 | 1,736 | 22,584 | 73,491 | 240,068 | |
| (/) Shares Outstanding | 1,684.5 | 7.6 | 403.7 | 811.4 | 2,190.6 | 23,541.5 | |
| Implied Stock Price | 60.61 | 0.75 | 4.30 | 27.83 | 33.55 | 10.20 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 4.26 | 0.74 | 0.74 | 0.00 | |
| Implied Stock Price (Trading Cur) | 60.61 | 0.75 | 1.01 | 37.50 | 45.20 | 12,125.00 | |
| Trading Currency | USD | USD | USD | USD | USD | ARS | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 4.26 | 0.74 | 0.74 | 0.00 | |