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 | 14,2x - 15,7x | 14,9x |
| Selected Fwd EBITDA Multiple | 12,0x - 13,3x | 12,6x |
| Fair Value | €89,67 - €101,03 | €95,35 |
| Upside | -12,1% - -1,0% | -6,5% |
| Benchmarks | Ticker | Full Ticker |
| The Sherwin-Williams Company | SHW | NYSE:SHW |
| PPG Industries, Inc. | PPG | NYSE:PPG |
| H.B. Fuller Company | FUL | NYSE:FUL |
| Ashland Inc. | ASH | NYSE:ASH |
| Quaker Chemical Corporation | KWR | NYSE:KWR |
| RPM International Inc. | RP8 | DB:RP8 |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| SHW | PPG | FUL | ASH | KWR | RP8 | ||
| NYSE:SHW | NYSE:PPG | NYSE:FUL | NYSE:ASH | NYSE:KWR | DB:RP8 | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | 8.2% | 3.2% | 7.1% | 1.2% | 11.8% | 9.2% | |
| 3Y CAGR | 10.8% | 5.8% | 9.0% | -4.0% | 2.4% | 11.1% | |
| Latest Twelve Months | -1.6% | -1.8% | -7.0% | 1.8% | -13.3% | 5.2% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 17.7% | 15.5% | 14.4% | 19.5% | 14.5% | 13.6% | |
| Prior Fiscal Year | 18.4% | 16.6% | 16.0% | 18.7% | 15.5% | 14.4% | |
| Latest Fiscal Year | 19.0% | 17.3% | 15.6% | 18.4% | 15.4% | 15.1% | |
| Latest Twelve Months | 18.7% | 16.8% | 15.4% | 18.6% | 14.5% | 15.1% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 4.37x | 1.96x | 1.48x | 1.96x | 1.56x | 2.46x | |
| EV / LTM EBITDA | 23.4x | 11.7x | 9.6x | 10.5x | 10.7x | 16.3x | |
| EV / LTM EBIT | 27.5x | 14.4x | 14.3x | 24.7x | 15.9x | 19.7x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | 9.6x | 10.7x | 23.4x | ||||
| Historical EV / LTM EBITDA | 14.4x | 16.4x | 17.9x | ||||
| Selected EV / LTM EBITDA | 14.2x | 14.9x | 15.7x | ||||
| (x) LTM EBITDA | 1,111 | 1,111 | 1,111 | ||||
| (=) Implied Enterprise Value | 15,747 | 16,576 | 17,404 | ||||
| (-) Non-shareholder Claims * | (2,709) | (2,709) | (2,709) | ||||
| (=) Equity Value | 13,038 | 13,867 | 14,696 | ||||
| (/) Shares Outstanding | 128.4 | 128.4 | 128.4 | ||||
| Implied Value Range | 101.56 | 108.02 | 114.47 | ||||
| FX Rate: USD/EUR | 1.2 | 1.2 | 1.2 | Market Price | |||
| Implied Value Range (Trading Cur) | 87.67 | 93.24 | 98.81 | 102.00 | |||
| Upside / (Downside) | -14.1% | -8.6% | -3.1% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | SHW | PPG | FUL | ASH | KWR | RP8 | |
| Enterprise Value | 99,985 | 30,345 | 5,214 | 3,656 | 2,863 | 17,878 | |
| (+) Cash & Short Term Investments | 274 | 1,635 | 97 | 207 | 202 | 306 | |
| (+) Investments & Other | 862 | 338 | 0 | 3 | 105 | 20 | |
| (-) Debt | (13,580) | (8,222) | (2,243) | (1,485) | (975) | (3,034) | |
| (-) Other Liabilities | 0 | (167) | (1) | 0 | (3) | (1) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 87,541 | 23,929 | 3,066 | 2,381 | 2,192 | 15,170 | |
| (/) Shares Outstanding | 248.6 | 225.7 | 54.0 | 45.7 | 17.4 | 128.4 | |
| Implied Stock Price | 352.09 | 106.02 | 56.81 | 52.10 | 126.00 | 118.16 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.16 | |
| Implied Stock Price (Trading Cur) | 352.09 | 106.02 | 56.81 | 52.10 | 126.00 | 102.00 | |
| Trading Currency | USD | USD | USD | USD | USD | EUR | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.16 | |