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 | 11,9x - 13,2x | 12,5x |
| Selected Fwd EBIT Multiple | 11,2x - 12,4x | 11,8x |
| Fair Value | $58,83 - $82,82 | $70,82 |
| Upside | -33,4% - -6,2% | -19,8% |
| Benchmarks | Ticker | Full Ticker |
| Dr. Ing. h.c. F. Porsche AG | P911 | XTRA:P911 |
| Mercedes-Benz Group AG | MBG | XTRA:MBG |
| Renault SA | RNL | XTRA:RNL |
| Stellantis N.V. | 8TI | XTRA:8TI |
| Piaggio & C. SpA | P1I | DB:P1I |
| Bayerische Motoren Werke Aktiengesellschaft | BAMX.F | OTCPK:BAMX.F |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| P911 | MBG | RNL | 8TI | P1I | BAMX.F | ||
| XTRA:P911 | XTRA:MBG | XTRA:RNL | XTRA:8TI | DB:P1I | OTCPK:BAMX.F | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | 7.3% | 38.0% | 9.5% | 4.7% | 5.9% | 5.3% | |
| 3Y CAGR | 0.6% | -5.4% | 54.7% | -26.5% | 8.9% | -5.7% | |
| Latest Twelve Months | -24.3% | -28.6% | 4.1% | -72.6% | -27.2% | -39.1% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 16.9% | 9.3% | 4.2% | 9.8% | 7.6% | 9.5% | |
| Prior Fiscal Year | 18.3% | 11.5% | 7.7% | 12.1% | 9.2% | 11.8% | |
| Latest Fiscal Year | 14.3% | 8.6% | 7.4% | 4.0% | 8.6% | 7.9% | |
| Latest Twelve Months | 13.0% | 7.9% | 7.4% | 4.0% | 7.9% | 7.4% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 1.02x | 0.87x | 0.81x | 0.11x | 0.76x | 1.02x | |
| EV / LTM EBITDA | 5.5x | 8.0x | 7.4x | 1.7x | 5.4x | 8.8x | |
| EV / LTM EBIT | 7.8x | 11.1x | 11.0x | 2.9x | 9.5x | 13.7x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | 2.9x | 9.5x | 11.1x | ||||
| Historical EV / LTM EBIT | 8.2x | 10.3x | 29.1x | ||||
| Selected EV / LTM EBIT | 11.9x | 12.5x | 13.2x | ||||
| (x) LTM EBIT | 10,389 | 10,389 | 10,389 | ||||
| (=) Implied Enterprise Value | 123,626 | 130,133 | 136,639 | ||||
| (-) Non-shareholder Claims * | (92,813) | (92,813) | (92,813) | ||||
| (=) Equity Value | 30,813 | 37,320 | 43,826 | ||||
| (/) Shares Outstanding | 622.3 | 622.3 | 622.3 | ||||
| Implied Value Range | 49.52 | 59.97 | 70.43 | ||||
| FX Rate: EUR/USD | 0.9 | 0.9 | 0.9 | Market Price | |||
| Implied Value Range (Trading Cur) | 56.14 | 68.00 | 79.85 | 88.34 | |||
| Upside / (Downside) | -36.4% | -23.0% | -9.6% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | P911 | MBG | RNL | 8TI | P1I | BAMX.F | |
| Enterprise Value | 40,686 | 125,397 | 45,789 | 18,006 | 1,240 | 141,297 | |
| (+) Cash & Short Term Investments | 8,376 | 20,035 | 23,075 | 35,392 | 144 | 16,810 | |
| (+) Investments & Other | 4,269 | 13,137 | 17,070 | 11,888 | 7 | 1,595 | |
| (-) Debt | (11,248) | (106,316) | (71,690) | (37,251) | (739) | (108,495) | |
| (-) Other Liabilities | (13) | (1,029) | (793) | (423) | 0 | (2,723) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 42,070 | 51,224 | 13,451 | 27,612 | 651 | 48,484 | |
| (/) Shares Outstanding | 911.0 | 962.0 | 272.7 | 2,880.5 | 353.6 | 622.3 | |
| Implied Stock Price | 46.18 | 53.25 | 49.32 | 9.59 | 1.84 | 77.92 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.88 | |
| Implied Stock Price (Trading Cur) | 46.18 | 53.25 | 49.32 | 9.59 | 1.84 | 88.34 | |
| Trading Currency | EUR | EUR | EUR | EUR | EUR | USD | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.88 | |