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 | 6,0x - 6,6x | 6,3x |
| Selected Fwd EBITDA Multiple | 4,7x - 5,2x | 5,0x |
| Fair Value | kr182,63 - kr206,72 | kr194,67 |
| Upside | -22,2% - -11,9% | -17,0% |
| Benchmarks | Ticker | Full Ticker |
| Pacific Basin Shipping Limited | OYD | DB:OYD |
| Star Bulk Carriers Corp. | 4FAP | DB:4FAP |
| Klaveness Combination Carriers ASA | KCC | OB:KCC |
| Golden Ocean Group Limited | KT31 | DB:KT31 |
| Costamare Bulkers Holdings Limited | CR1 | DUSE:CR1 |
| Dampskibsselskabet Norden A/S | DNORD | CPSE:DNORD |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| OYD | 4FAP | KCC | KT31 | CR1 | DNORD | ||
| DB:OYD | DB:4FAP | OB:KCC | DB:KT31 | DUSE:CR1 | CPSE:DNORD | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | 7.7% | 20.3% | 37.7% | 15.1% | NM- | 9.2% | |
| 3Y CAGR | -30.7% | -17.1% | 28.9% | -11.9% | NM- | -17.8% | |
| Latest Twelve Months | 2.9% | 12.0% | -21.2% | -17.4% | 99.9% | -37.1% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 17.9% | 44.3% | 37.7% | 41.4% | 11.0% | 8.8% | |
| Prior Fiscal Year | 12.0% | 35.3% | 47.0% | 36.7% | -13.5% | 10.4% | |
| Latest Fiscal Year | 11.0% | 39.9% | 45.2% | 44.7% | 0.0% | 4.0% | |
| Latest Twelve Months | 11.0% | 35.2% | 40.0% | 37.8% | 0.0% | 4.6% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 0.61x | 2.56x | 2.34x | 3.55x | 0.70x | 0.33x | |
| EV / LTM EBITDA | 5.5x | 7.3x | 5.8x | 9.4x | -13348.9x | 7.2x | |
| EV / LTM EBIT | 12.1x | 12.2x | 8.4x | 16.2x | -22.5x | 9.6x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | -13348.9x | 5.8x | 9.4x | ||||
| Historical EV / LTM EBITDA | 2.9x | 5.4x | 9.1x | ||||
| Selected EV / LTM EBITDA | 6.0x | 6.3x | 6.6x | ||||
| (x) LTM EBITDA | 182 | 182 | 182 | ||||
| (=) Implied Enterprise Value | 1,091 | 1,148 | 1,206 | ||||
| (-) Non-shareholder Claims * | (212) | (212) | (212) | ||||
| (=) Equity Value | 879 | 937 | 994 | ||||
| (/) Shares Outstanding | 29.1 | 29.1 | 29.1 | ||||
| Implied Value Range | 30.22 | 32.19 | 34.16 | ||||
| FX Rate: USD/DKK | 0.2 | 0.2 | 0.2 | Market Price | |||
| Implied Value Range (Trading Cur) | 192.03 | 204.57 | 217.11 | 234.60 | |||
| Upside / (Downside) | -18.1% | -12.8% | -7.5% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | OYD | 4FAP | KCC | KT31 | CR1 | DNORD | |
| Enterprise Value | 1,520 | 3,175 | 598 | 3,017 | 222 | 1,286 | |
| (+) Cash & Short Term Investments | 282 | 422 | 47 | 107 | 0 | 291 | |
| (+) Investments & Other | 2 | 2 | 5 | 0 | 0 | 14 | |
| (-) Debt | (344) | (1,418) | (239) | (1,445) | 0 | (516) | |
| (-) Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 1,459 | 2,180 | 411 | 1,679 | 222 | 1,074 | |
| (/) Shares Outstanding | 5,178.6 | 115.6 | 59.3 | 199.4 | 24.2 | 29.1 | |
| Implied Stock Price | 0.28 | 18.86 | 6.93 | 8.42 | 9.16 | 36.91 | |
| FX Conversion Rate to Trading Currency | 1.17 | 1.17 | 0.10 | 1.17 | 1.17 | 0.16 | |
| Implied Stock Price (Trading Cur) | 0.24 | 16.06 | 70.40 | 7.17 | 7.80 | 234.60 | |
| Trading Currency | EUR | EUR | NOK | EUR | EUR | DKK | |
| FX Rate to Reporting Currency | 1.17 | 1.17 | 0.10 | 1.17 | 1.17 | 0.16 | |