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 | 8,0x - 8,9x | 8,5x |
| Selected Fwd EBITDA Multiple | 6,1x - 6,7x | 6,4x |
| Fair Value | $43,70 - $50,66 | $47,18 |
| Upside | -14,3% - -0,7% | -7,5% |
| Benchmarks | Ticker | Full Ticker |
| Evonik Industries AG | EVK | XTRA:EVK |
| LANXESS Aktiengesellschaft | LXS | XTRA:LXS |
| Syensqo SA/NV | 2NF | DUSE:2NF |
| Arkema S.A. | V1S | DB:V1S |
| Kemira Oyj | KEM | DB:KEM |
| BASF SE | BFFA.F | OTCPK:BFFA.F |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| EVK | LXS | 2NF | V1S | KEM | BFFA.F | ||
| XTRA:EVK | XTRA:LXS | DUSE:2NF | DB:V1S | DB:KEM | OTCPK:BFFA.F | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | -3.1% | -11.2% | NM- | 0.0% | 8.1% | -3.5% | |
| 3Y CAGR | -7.7% | -11.0% | 1.6% | -5.9% | 15.4% | -16.2% | |
| Latest Twelve Months | -10.5% | 75.7% | -15.7% | 3.1% | 5.7% | 0.7% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 13.1% | 10.2% | 20.8% | 15.6% | 14.9% | 11.2% | |
| Prior Fiscal Year | 11.8% | 6.3% | 22.6% | 14.0% | 14.8% | 9.0% | |
| Latest Fiscal Year | 11.2% | 8.2% | 18.5% | 14.2% | 17.5% | 9.6% | |
| Latest Twelve Months | 11.3% | 8.6% | 18.1% | 14.0% | 17.2% | 9.4% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 0.76x | 0.65x | 1.25x | 0.81x | 1.06x | 0.89x | |
| EV / LTM EBITDA | 6.7x | 7.5x | 6.9x | 5.8x | 6.2x | 9.5x | |
| EV / LTM EBIT | 13.1x | 72.7x | 12.8x | 12.2x | 9.2x | 21.2x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | 5.8x | 6.7x | 7.5x | ||||
| Historical EV / LTM EBITDA | 4.3x | 7.8x | 22.5x | ||||
| Selected EV / LTM EBITDA | 8.0x | 8.5x | 8.9x | ||||
| (x) LTM EBITDA | 6,100 | 6,100 | 6,100 | ||||
| (=) Implied Enterprise Value | 49,097 | 51,681 | 54,265 | ||||
| (-) Non-shareholder Claims * | (16,993) | (16,993) | (16,993) | ||||
| (=) Equity Value | 32,104 | 34,688 | 37,272 | ||||
| (/) Shares Outstanding | 892.5 | 892.5 | 892.5 | ||||
| Implied Value Range | 35.97 | 38.87 | 41.76 | ||||
| FX Rate: EUR/USD | 0.9 | 0.9 | 0.9 | Market Price | |||
| Implied Value Range (Trading Cur) | 42.25 | 45.65 | 49.05 | 51.00 | |||
| Upside / (Downside) | -17.2% | -10.5% | -3.8% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | EVK | LXS | 2NF | V1S | KEM | BFFA.F | |
| Enterprise Value | 11,550 | 4,172 | 7,135 | 7,753 | 3,027 | 55,748 | |
| (+) Cash & Short Term Investments | 733 | 420 | 610 | 1,118 | 377 | 2,374 | |
| (+) Investments & Other | 475 | 657 | 316 | 59 | 252 | 6,390 | |
| (-) Debt | (4,274) | (3,001) | (2,072) | (3,843) | (663) | (24,491) | |
| (-) Other Liabilities | (82) | (6) | (53) | (220) | (17) | (1,266) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 8,402 | 2,242 | 5,936 | 4,867 | 2,975 | 38,755 | |
| (/) Shares Outstanding | 466.0 | 86.3 | 89.2 | 75.1 | 154.3 | 892.5 | |
| Implied Stock Price | 18.03 | 25.96 | 66.52 | 64.80 | 19.28 | 43.42 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.85 | |
| Implied Stock Price (Trading Cur) | 18.03 | 25.96 | 66.52 | 64.80 | 19.28 | 51.00 | |
| Trading Currency | EUR | EUR | EUR | EUR | EUR | USD | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.85 | |