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 | 8,0x - 8,9x | 8,4x |
| Selected Fwd EBIT Multiple | 5,9x - 6,5x | 6,2x |
| Fair Value | €58,83 - €65,62 | €62,23 |
| Upside | 2,5% - 14,3% | 8,4% |
| Benchmarks | Ticker | Full Ticker |
| Baxter International Inc. | BTL | DB:BTL |
| Stryker Corporation | SYK | DB:SYK |
| Getinge AB (publ) | GTN | DB:GTN |
| Teleflex Incorporated | TBH | DB:TBH |
| STERIS plc | STE | NYSE:STE |
| Drägerwerk AG & Co. KGaA | DRW8 | DB:DRW8 |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| BTL | SYK | GTN | TBH | STE | DRW8 | ||
| DB:BTL | DB:SYK | DB:GTN | DB:TBH | NYSE:STE | DB:DRW8 | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | -13.4% | 7.8% | 6.6% | -2.8% | 12.6% | 15.8% | |
| 3Y CAGR | -19.9% | 10.7% | -8.7% | -8.6% | 13.3% | -15.5% | |
| Latest Twelve Months | 15.3% | 18.9% | 7.1% | 53.4% | 9.1% | -1.5% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 12.3% | 20.6% | 14.3% | 17.3% | 17.3% | 5.3% | |
| Prior Fiscal Year | 9.4% | 20.1% | 11.6% | 16.5% | 17.6% | 4.9% | |
| Latest Fiscal Year | 8.3% | 21.9% | 10.7% | 14.2% | 18.1% | 4.9% | |
| Latest Twelve Months | 9.1% | 22.0% | 10.7% | 18.8% | 18.1% | 4.4% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 2.17x | 6.79x | 1.60x | 2.30x | 4.63x | 0.38x | |
| EV / LTM EBITDA | 11.9x | 25.5x | 11.2x | 8.2x | 17.3x | 5.5x | |
| EV / LTM EBIT | 23.8x | 30.8x | 14.9x | 12.2x | 25.6x | 8.6x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | 12.2x | 23.8x | 30.8x | ||||
| Historical EV / LTM EBIT | -6.1x | 3.5x | 9.0x | ||||
| Selected EV / LTM EBIT | 8.0x | 8.4x | 8.9x | ||||
| (x) LTM EBIT | 149 | 149 | 149 | ||||
| (=) Implied Enterprise Value | 1,197 | 1,260 | 1,323 | ||||
| (-) Non-shareholder Claims * | (107) | (107) | (107) | ||||
| (=) Equity Value | 1,090 | 1,153 | 1,216 | ||||
| (/) Shares Outstanding | 18.8 | 18.8 | 18.8 | ||||
| Implied Value Range | 58.09 | 61.44 | 64.80 | ||||
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 58.09 | 61.44 | 64.80 | 57.40 | |||
| Upside / (Downside) | 1.2% | 7.0% | 12.9% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | BTL | SYK | GTN | TBH | STE | DRW8 | |
| Enterprise Value | 22,973 | 157,908 | 57,712 | 6,852 | 25,267 | 1,184 | |
| (+) Cash & Short Term Investments | 2,294 | 2,409 | 4,203 | 293 | 172 | 250 | |
| (+) Investments & Other | 37 | 0 | 0 | 1 | 14 | 1 | |
| (-) Debt | (10,309) | (17,356) | (11,482) | (2,028) | (2,203) | (356) | |
| (-) Other Liabilities | 27 | 0 | (195) | 0 | (12) | (2) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 15,022 | 142,961 | 50,238 | 5,118 | 23,238 | 1,077 | |
| (/) Shares Outstanding | 513.0 | 382.2 | 272.4 | 44.2 | 98.4 | 18.8 | |
| Implied Stock Price | 29.28 | 374.08 | 184.45 | 115.83 | 236.23 | 57.40 | |
| FX Conversion Rate to Trading Currency | 1.15 | 1.15 | 11.07 | 1.15 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 25.54 | 326.20 | 16.66 | 101.00 | 236.23 | 57.40 | |
| Trading Currency | EUR | EUR | EUR | EUR | USD | EUR | |
| FX Rate to Reporting Currency | 1.15 | 1.15 | 11.07 | 1.15 | 1.00 | 1.00 | |