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 | -16,8x - -18,6x | -17,7x |
| Selected Fwd EBITDA Multiple | 15,1x - 16,7x | 15,9x |
| Fair Value | €116,03 - €132,09 | €124,06 |
| Upside | -34,8% - -25,8% | -30,3% |
| Benchmarks | Ticker | Full Ticker |
| AeroVironment, Inc. | AVAV | NasdaqGS:AVAV |
| Kratos Defense & Security Solutions, Inc. | KTOS | NasdaqGS:KTOS |
| Axon Enterprise, Inc. | AXON | NasdaqGS:AXON |
| Spirit AeroSystems Holdings, Inc. | SPR | NYSE:SPR |
| Ducommun Incorporated | DCO | NYSE:DCO |
| The Boeing Company | BCO | DB:BCO |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| AVAV | KTOS | AXON | SPR | DCO | BCO | ||
| NasdaqGS:AVAV | NasdaqGS:KTOS | NasdaqGS:AXON | NYSE:SPR | NYSE:DCO | DB:BCO | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | 19.0% | 2.5% | 78.2% | NM- | 2.7% | NM- | |
| 3Y CAGR | 16.3% | 9.7% | NM- | NM- | 8.1% | NM- | |
| Latest Twelve Months | -43.4% | 1.8% | -37.0% | -345.4% | 23.6% | -387.4% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 14.2% | 6.3% | 1.7% | -4.7% | 11.5% | -1.9% | |
| Prior Fiscal Year | 13.4% | 6.3% | 11.5% | 1.3% | 10.3% | 4.1% | |
| Latest Fiscal Year | 15.3% | 6.4% | 6.0% | -22.4% | 12.3% | -12.3% | |
| Latest Twelve Months | 9.8% | 6.4% | 5.1% | -23.4% | 12.6% | -11.1% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 10.91x | 4.97x | 26.07x | 1.55x | 1.61x | 2.65x | |
| EV / LTM EBITDA | 111.3x | 78.2x | 513.4x | -6.6x | 12.7x | -23.9x | |
| EV / LTM EBIT | 232.6x | 177.7x | 1105.3x | -5.5x | 19.2x | -19.2x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | -6.6x | 78.2x | 513.4x | ||||
| Historical EV / LTM EBITDA | -192.3x | -63.2x | 67.8x | ||||
| Selected EV / LTM EBITDA | -16.8x | -17.7x | -18.6x | ||||
| (x) LTM EBITDA | (7,688) | (7,688) | (7,688) | ||||
| (=) Implied Enterprise Value | 129,393 | 136,204 | 143,014 | ||||
| (-) Non-shareholder Claims * | (31,230) | (31,230) | (31,230) | ||||
| (=) Equity Value | 98,163 | 104,974 | 111,784 | ||||
| (/) Shares Outstanding | 754.0 | 754.0 | 754.0 | ||||
| Implied Value Range | 130.19 | 139.22 | 148.25 | ||||
| FX Rate: USD/EUR | 1.1 | 1.1 | 1.1 | Market Price | |||
| Implied Value Range (Trading Cur) | 114.90 | 122.88 | 130.85 | 177.98 | |||
| Upside / (Downside) | -35.4% | -31.0% | -26.5% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | AVAV | KTOS | AXON | SPR | DCO | BCO | |
| Enterprise Value | 8,082 | 5,873 | 57,349 | 9,529 | 1,255 | 183,278 | |
| (+) Cash & Short Term Investments | 47 | 264 | 2,367 | 220 | 34 | 23,653 | |
| (+) Investments & Other | 26 | 0 | 414 | 0 | 12 | 1,001 | |
| (-) Debt | (59) | (293) | (2,047) | (5,391) | (270) | (55,878) | |
| (-) Other Liabilities | 0 | 0 | 0 | (6) | 0 | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | (6) | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 8,095 | 5,843 | 58,083 | 4,353 | 1,031 | 152,048 | |
| (/) Shares Outstanding | 45.4 | 153.3 | 77.9 | 117.3 | 14.9 | 754.0 | |
| Implied Stock Price | 178.14 | 38.12 | 746.08 | 37.10 | 69.29 | 201.65 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.13 | |
| Implied Stock Price (Trading Cur) | 178.14 | 38.12 | 746.08 | 37.10 | 69.29 | 177.98 | |
| Trading Currency | USD | USD | USD | USD | USD | EUR | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.13 | |