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 | 32,6x - 36,0x | 34,3x |
| Selected Fwd EBIT Multiple | 22,7x - 25,1x | 23,9x |
| Fair Value | €226,80 - €253,20 | €240 |
| Upside | -15,4% - -5,5% | -10,4% |
| Benchmarks | Ticker | Full Ticker |
| INSPECS Group plc | 4GV | DB:4GV |
| The Cooper Companies, Inc. | CP60 | DB:CP60 |
| bioMérieux S.A. | BIM | ENXTPA:BIM |
| Paul Hartmann AG | PHH2 | DB:PHH2 |
| Eckert & Ziegler SE | EUZ | DB:EUZ |
| EssilorLuxottica Société anonyme | ESL | DB:ESL |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| 4GV | CP60 | BIM | PHH2 | EUZ | ESL | ||
| DB:4GV | DB:CP60 | ENXTPA:BIM | DB:PHH2 | DB:EUZ | DB:ESL | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | -10.5% | 5.9% | 10.4% | 0.9% | 14.5% | 11.3% | |
| 3Y CAGR | -15.1% | 7.2% | -7.8% | -8.6% | 25.9% | 15.7% | |
| Latest Twelve Months | 18.2% | 25.5% | 12.1% | 22.9% | 25.6% | 7.7% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 1.1% | 16.9% | 18.3% | 4.1% | 20.0% | 11.2% | |
| Prior Fiscal Year | 1.4% | 14.0% | 15.5% | 0.9% | 19.0% | 12.4% | |
| Latest Fiscal Year | 1.7% | 18.2% | 16.0% | 4.5% | 22.5% | 13.1% | |
| Latest Twelve Months | 1.7% | 19.1% | 16.0% | 3.3% | 23.2% | 13.0% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 0.42x | 4.28x | 3.49x | 0.51x | 3.38x | 4.94x | |
| EV / LTM EBITDA | 7.3x | 15.2x | 14.6x | 8.6x | 12.4x | 23.9x | |
| EV / LTM EBIT | 24.4x | 22.5x | 21.8x | 15.5x | 14.5x | 38.0x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | 14.5x | 21.8x | 24.4x | ||||
| Historical EV / LTM EBIT | 29.1x | 34.9x | 102.3x | ||||
| Selected EV / LTM EBIT | 32.6x | 34.3x | 36.0x | ||||
| (x) LTM EBIT | 3,535 | 3,535 | 3,535 | ||||
| (=) Implied Enterprise Value | 115,297 | 121,366 | 127,434 | ||||
| (-) Non-shareholder Claims * | (11,046) | (11,046) | (11,046) | ||||
| (=) Equity Value | 104,251 | 110,320 | 116,388 | ||||
| (/) Shares Outstanding | 461.2 | 461.2 | 461.2 | ||||
| Implied Value Range | 226.07 | 239.23 | 252.39 | ||||
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 226.07 | 239.23 | 252.39 | 268.00 | |||
| Upside / (Downside) | -15.6% | -10.7% | -5.8% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | 4GV | CP60 | BIM | PHH2 | EUZ | ESL | |
| Enterprise Value | 82 | 16,986 | 13,948 | 1,257 | 1,008 | 134,634 | |
| (+) Cash & Short Term Investments | 24 | 116 | 450 | 0 | 112 | 2,786 | |
| (+) Investments & Other | 0 | 0 | 180 | 0 | 16 | 799 | |
| (-) Debt | (62) | (2,585) | (491) | (383) | (49) | (14,050) | |
| (-) Other Liabilities | 0 | (0) | (6) | (46) | (1) | (581) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 44 | 14,516 | 14,081 | 828 | 1,086 | 123,588 | |
| (/) Shares Outstanding | 115.3 | 199.5 | 117.9 | 3.6 | 62.6 | 461.2 | |
| Implied Stock Price | 0.38 | 72.76 | 119.40 | 233.00 | 17.36 | 268.00 | |
| FX Conversion Rate to Trading Currency | 0.86 | 1.16 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 0.44 | 62.50 | 119.40 | 233.00 | 17.36 | 268.00 | |
| Trading Currency | EUR | EUR | EUR | EUR | EUR | EUR | |
| FX Rate to Reporting Currency | 0.86 | 1.16 | 1.00 | 1.00 | 1.00 | 1.00 | |