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 EBITDA Multiple | 15,1x - 16,7x | 15,9x |
| Selected Fwd EBITDA Multiple | 11,1x - 12,3x | 11,7x |
| Fair Value | €57,13 - €63,06 | €60,10 |
| Upside | 5,8% - 16,8% | 11,3% |
| Benchmarks | Ticker | Full Ticker |
| Ermenegildo Zegna N.V. | JN0 | DB:JN0 |
| Brunello Cucinelli S.p.A. | BC | BIT:BC |
| Prada S.p.A. | PRP | DB:PRP |
| Compagnie Financière Richemont SA | CFR | SWX:CFR |
| LVMH Moët Hennessy - Louis Vuitton, Société Européenne | 1MC | BIT:1MC |
| Moncler S.p.A. | MONC | BIT:MONC |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| JN0 | BC | PRP | CFR | 1MC | MONC | ||
| DB:JN0 | BIT:BC | DB:PRP | SWX:CFR | BIT:1MC | BIT:MONC | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | 9.1% | 18.8% | 23.4% | 16.0% | 10.0% | 12.7% | |
| 3Y CAGR | -3.4% | 30.5% | 30.1% | 36.2% | 5.3% | 14.3% | |
| Latest Twelve Months | -10.5% | 7.5% | 17.2% | -9.0% | -11.2% | 2.1% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 15.5% | 17.3% | 21.9% | 23.0% | 28.3% | 32.5% | |
| Prior Fiscal Year | 15.3% | 21.2% | 27.3% | 28.7% | 29.3% | 33.0% | |
| Latest Fiscal Year | 13.4% | 20.3% | 27.9% | 26.6% | 26.5% | 32.4% | |
| Latest Twelve Months | 13.4% | 20.3% | 27.9% | 24.8% | 26.5% | 32.4% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 1.28x | 5.93x | 2.92x | 4.35x | 3.20x | 4.62x | |
| EV / LTM EBITDA | 9.6x | 29.2x | 10.5x | 17.5x | 12.1x | 14.3x | |
| EV / LTM EBIT | 13.5x | 35.3x | 12.4x | 20.1x | 13.8x | 15.7x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | 9.6x | 12.1x | 29.2x | ||||
| Historical EV / LTM EBITDA | 14.3x | 17.4x | 29.6x | ||||
| Selected EV / LTM EBITDA | 15.1x | 15.9x | 16.7x | ||||
| (x) LTM EBITDA | 1,007 | 1,007 | 1,007 | ||||
| (=) Implied Enterprise Value | 15,234 | 16,036 | 16,838 | ||||
| (-) Non-shareholder Claims * | 235 | 235 | 235 | ||||
| (=) Equity Value | 15,469 | 16,270 | 17,072 | ||||
| (/) Shares Outstanding | 270.6 | 270.6 | 270.6 | ||||
| Implied Value Range | 57.16 | 60.13 | 63.09 | ||||
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 57.16 | 60.13 | 63.09 | 53.98 | |||
| Upside / (Downside) | 5.9% | 11.4% | 16.9% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | JN0 | BC | PRP | CFR | 1MC | MONC | |
| Enterprise Value | 2,497 | 7,595 | 16,236 | 89,064 | 271,304 | 14,373 | |
| (+) Cash & Short Term Investments | 293 | 183 | 1,012 | 19,170 | 13,609 | 1,188 | |
| (+) Investments & Other | 26 | 18 | 38 | 932 | 2,979 | 4 | |
| (-) Debt | (1,050) | (963) | (2,787) | (17,387) | (41,304) | (957) | |
| (-) Other Liabilities | (67) | (17) | (20) | (67) | (1,770) | (0) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 1,699 | 6,815 | 14,478 | 91,712 | 244,818 | 14,607 | |
| (/) Shares Outstanding | 252.6 | 68.0 | 2,558.8 | 590.4 | 499.4 | 270.6 | |
| Implied Stock Price | 6.73 | 100.30 | 5.66 | 155.35 | 490.25 | 53.98 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.07 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 6.73 | 100.30 | 5.66 | 145.70 | 490.25 | 53.98 | |
| Trading Currency | EUR | EUR | EUR | CHF | EUR | EUR | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.07 | 1.00 | 1.00 | |