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 | 15,7x - 17,4x | 16,6x |
| Selected Fwd EBITDA Multiple | 13,3x - 14,7x | 14,0x |
| Fair Value | €70,49 - €79,31 | €74,90 |
| Upside | -23,4% - -13,8% | -18,6% |
| Benchmarks | Ticker | Full Ticker |
| International Flavors & Fragrances Inc. | IFF | NYSE:IFF |
| Corbion N.V. | CSNV.F | OTCPK:CSNV.F |
| T. Hasegawa Co., Ltd. | HASG.F | OTCPK:HASG.F |
| Symrise AG | SYIE.F | OTCPK:SYIE.F |
| Givaudan SA | GVDB.F | OTCPK:GVDB.F |
| Sensient Technologies Corporation | SSF | DB:SSF |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| IFF | CSNV.F | HASG.F | SYIE.F | GVDB.F | SSF | ||
| NYSE:IFF | OTCPK:CSNV.F | OTCPK:HASG.F | OTCPK:SYIE.F | OTCPK:GVDB.F | DB:SSF | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | 10.9% | -2.9% | 12.3% | 6.7% | 6.6% | 4.1% | |
| 3Y CAGR | -1.4% | 6.5% | 10.6% | 9.1% | 5.7% | 5.5% | |
| Latest Twelve Months | -0.7% | 22.9% | 14.3% | 22.2% | 10.5% | 9.8% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 17.1% | 13.4% | 18.8% | 19.0% | 20.7% | 16.4% | |
| Prior Fiscal Year | 15.3% | 10.3% | 18.7% | 16.8% | 19.7% | 16.3% | |
| Latest Fiscal Year | 15.1% | 12.4% | 20.0% | 19.4% | 22.3% | 16.6% | |
| Latest Twelve Months | 15.4% | 12.4% | 20.1% | 19.4% | 22.4% | 16.8% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 2.55x | 1.16x | 1.07x | 2.73x | 5.06x | 3.35x | |
| EV / LTM EBITDA | 16.5x | 9.4x | 5.3x | 14.1x | 22.5x | 20.0x | |
| EV / LTM EBIT | 36.9x | 16.5x | 8.3x | 19.3x | 26.6x | 26.0x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | 5.3x | 14.1x | 22.5x | ||||
| Historical EV / LTM EBITDA | 14.2x | 14.7x | 21.3x | ||||
| Selected EV / LTM EBITDA | 15.7x | 16.6x | 17.4x | ||||
| (x) LTM EBITDA | 263 | 263 | 263 | ||||
| (=) Implied Enterprise Value | 4,134 | 4,352 | 4,569 | ||||
| (-) Non-shareholder Claims * | (669) | (669) | (669) | ||||
| (=) Equity Value | 3,465 | 3,683 | 3,900 | ||||
| (/) Shares Outstanding | 42.5 | 42.5 | 42.5 | ||||
| Implied Value Range | 81.61 | 86.73 | 91.86 | ||||
| FX Rate: USD/EUR | 1.2 | 1.2 | 1.2 | Market Price | |||
| Implied Value Range (Trading Cur) | 69.32 | 73.67 | 78.02 | 92.00 | |||
| Upside / (Downside) | -24.7% | -19.9% | -15.2% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | IFF | CSNV.F | HASG.F | SYIE.F | GVDB.F | SSF | |
| Enterprise Value | 29,137 | 1,472 | 71,552 | 13,620 | 37,061 | 5,268 | |
| (+) Cash & Short Term Investments | 613 | 49 | 34,599 | 709 | 303 | 33 | |
| (+) Investments & Other | 11 | 27 | 11,965 | 617 | 143 | 0 | |
| (-) Debt | (9,911) | (509) | 0 | (2,546) | (4,783) | (702) | |
| (-) Other Liabilities | (36) | 0 | 0 | (38) | 0 | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 19,814 | 1,039 | 118,116 | 12,362 | 32,724 | 4,599 | |
| (/) Shares Outstanding | 255.8 | 58.1 | 33.1 | 139.8 | 9.2 | 42.5 | |
| Implied Stock Price | 77.46 | 17.87 | 3,570.98 | 88.44 | 3,545.75 | 108.31 | |
| FX Conversion Rate to Trading Currency | 1.00 | 0.85 | 146.53 | 0.85 | 0.79 | 1.18 | |
| Implied Stock Price (Trading Cur) | 77.46 | 21.04 | 24.37 | 104.13 | 4,476.00 | 92.00 | |
| Trading Currency | USD | USD | USD | USD | USD | EUR | |
| FX Rate to Reporting Currency | 1.00 | 0.85 | 146.53 | 0.85 | 0.79 | 1.18 | |