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 | 21,0x - 23,3x | 22,1x |
Selected Fwd EBIT Multiple | 15,2x - 16,8x | 16,0x |
Fair Value | €40,11 - €48,39 | €44,25 |
Upside | 17,3% - 41,5% | 29,4% |
Benchmarks | Ticker | Full Ticker |
Eversource Energy | ES | NYSE:ES |
IDACORP, Inc. | IDA | NYSE:IDA |
PPL Corporation | PPL | NYSE:PPL |
Evergy, Inc. | EVRG | NasdaqGS:EVRG |
Xcel Energy Inc. | XEL | NasdaqGS:XEL |
FirstEnergy Corp. | FE7 | DB:FE7 |
- | - | - |
Select LTM EBIT Multiple | |||||||
Benchmark Companies | |||||||
ES | IDA | PPL | EVRG | XEL | FE7 | ||
NYSE:ES | NYSE:IDA | NYSE:PPL | NasdaqGS:EVRG | NasdaqGS:XEL | DB:FE7 | ||
Historical EBIT Growth | |||||||
5Y CAGR | 8.7% | 2.2% | 3.3% | 5.1% | 3.0% | 4.9% | |
3Y CAGR | 10.7% | 0.6% | 6.8% | 3.8% | 3.0% | -6.7% | |
Latest Twelve Months | 10.9% | 13.0% | 10.3% | 21.4% | -11.6% | 13.5% | |
Historical EBIT Profit Margin | |||||||
5 Year Average Margin | 21.7% | 19.8% | 24.1% | 23.0% | 17.5% | 17.9% | |
Prior Fiscal Year | 21.3% | 17.4% | 20.7% | 22.4% | 18.4% | 16.5% | |
Latest Fiscal Year | 23.7% | 17.5% | 21.3% | 24.8% | 17.9% | 17.6% | |
Latest Twelve Months | 22.9% | 18.0% | 22.4% | 25.2% | 17.6% | 17.9% | |
Current Trading Multiples | |||||||
EV / LTM Revenue | 4.13x | 4.86x | 4.83x | 5.05x | 5.07x | 3.55x | |
EV / LTM EBITDA | 12.0x | 15.7x | 12.7x | 11.2x | 13.0x | 10.7x | |
EV / LTM EBIT | 18.0x | 27.0x | 21.6x | 20.1x | 28.9x | 19.8x | |
Low | Mid | High | |||||
Benchmark EV / LTM EBIT | 18.0x | 21.6x | 28.9x | ||||
Historical EV / LTM EBIT | 19.9x | 21.8x | 30.3x | ||||
Selected EV / LTM EBIT | 21.0x | 22.1x | 23.3x | ||||
(x) LTM EBIT | 2,466 | 2,466 | 2,466 | ||||
(=) Implied Enterprise Value | 51,889 | 54,620 | 57,351 | ||||
(-) Non-shareholder Claims * | (25,564) | (25,564) | (25,564) | ||||
(=) Equity Value | 26,325 | 29,056 | 31,787 | ||||
(/) Shares Outstanding | 577.2 | 577.2 | 577.2 | ||||
Implied Value Range | 45.61 | 50.34 | 55.08 | ||||
FX Rate: USD/EUR | 1.1 | 1.1 | 1.1 | Market Price | |||
Implied Value Range (Trading Cur) | 39.77 | 43.90 | 48.03 | 34.20 | |||
Upside / (Downside) | 16.3% | 28.4% | 40.4% |
Equity Waterfall | |||||||
Benchmark Companies | |||||||
(in millions) | ES | IDA | PPL | EVRG | XEL | FE7 | |
Enterprise Value | 52,089 | 8,800 | 41,864 | 29,772 | 69,117 | 48,200 | |
(+) Cash & Short Term Investments | 111 | 634 | 312 | 35 | 1,139 | 132 | |
(+) Investments & Other | 315 | 156 | 0 | 0 | 363 | 385 | |
(-) Debt | (29,435) | (3,447) | (17,344) | (14,402) | (32,391) | (24,786) | |
(-) Other Liabilities | (156) | (7) | 0 | (37) | 0 | (1,295) | |
(-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
(-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
Value of Common Equity | 22,925 | 6,137 | 24,832 | 15,368 | 38,228 | 22,636 | |
(/) Shares Outstanding | 367.4 | 54.0 | 739.3 | 230.1 | 576.8 | 577.2 | |
Implied Stock Price | 62.40 | 113.60 | 33.59 | 66.79 | 66.28 | 39.22 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.15 | |
Implied Stock Price (Trading Cur) | 62.40 | 113.60 | 33.59 | 66.79 | 66.28 | 34.20 | |
Trading Currency | USD | USD | USD | USD | USD | EUR | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.15 |