このページの読み込み中にエラーが発生したようです.
当社チームに通知しましたが、問題が続くようでしたらEメールサポートウィジェットを使ってご連絡ください。
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM Revenue Multiple | 2.2x - 2.4x | 2.3x |
| Selected Fwd Revenue Multiple | 2.0x - 2.3x | 2.2x |
| Fair Value | $106.17 - $118.28 | $112.23 |
| Upside | 6.1% - 18.2% | 12.1% |
| Benchmarks | Ticker | Full Ticker |
|---|---|---|
| Robertet SA | RBT | ENXTPA:RBT |
| L'Air Liquide S.A. | AIL | DB:AIL |
| Givaudan SA | GIVN | SWX:GIVN |
| Novonesis A/S | NZM2 | DB:NZM2 |
| Symrise AG | SY1 | DB:SY1 |
| DSM-Firmenich AG | DSMF.F | OTCPK:DSMF.F |
| Select LTM Revenue Multiple | ||||||||
| Benchmark Companies | ||||||||
| RBT | AIL | GIVN | NZM2 | SY1 | DSMF.F | |||
| ENXTPA:RBT | DB:AIL | SWX:GIVN | DB:NZM2 | DB:SY1 | OTCPK:DSMF.F | |||
| Historical Revenue Growth | ||||||||
| 5Y CAGR | 6.6% | 4.3% | 3.6% | 14.8% | 8.0% | 9.9% | ||
| 3Y CAGR | 10.2% | 5.1% | 3.5% | 24.0% | 9.3% | 20.8% | ||
| Latest Twelve Months | 5.4% | -2.0% | 7.2% | 59.6% | 5.7% | 20.4% | ||
| Historical EBIT Profit Margin | ||||||||
| 5 Year Average Margin | 14.5% | 17.0% | 16.4% | 24.7% | 12.8% | 5.1% | ||
| Prior Fiscal Year | 14.6% | 17.4% | 16.1% | 25.4% | 11.3% | -5.3% | ||
| Latest Fiscal Year | 15.3% | 18.9% | 18.9% | 22.0% | 14.4% | 4.0% | ||
| Latest Twelve Months | 16.0% | 18.9% | 18.9% | 22.0% | 14.4% | 4.0% | ||
| Current Trading Multiples | ||||||||
| EV / LTM Revenue | 2.23x | 4.18x | 5.25x | 6.88x | 2.98x | 2.06x | ||
| EV / LTM EBIT | 13.9x | 22.1x | 27.8x | 31.3x | 20.7x | 51.7x | ||
| Price / LTM Sales | 2.04x | 3.76x | 4.71x | 6.48x | 2.52x | 1.89x | ||
| Low | Mid | High | ||||||
| Benchmark EV / LTM Revenue | 2.23x | 4.18x | 6.88x | |||||
| Historical EV / LTM Revenue | 2.06x | 2.66x | 4.24x | |||||
| Selected EV / LTM Revenue | 2.18x | 2.30x | 2.41x | |||||
| (x) LTM Revenue | 12,799 | 12,799 | 12,799 | |||||
| (=) Implied Enterprise Value | 27,916 | 29,385 | 30,854 | |||||
| (-) Non-shareholder Claims * | (2,181) | (2,181) | (2,181) | |||||
| (=) Equity Value | 25,735 | 27,204 | 28,673 | |||||
| (/) Shares Outstanding | 264.3 | 264.3 | 264.3 | |||||
| Implied Value Range | 97.38 | 102.94 | 108.50 | |||||
| FX Rate: EUR/USD | 0.9 | 0.9 | 0.9 | Market Price | ||||
| Implied Value Range (Trading Cur) | 105.12 | 111.12 | 117.12 | 100.08 | ||||
| Upside / (Downside) | 5.0% | 11.0% | 17.0% | |||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | RBT | AIL | GIVN | NZM2 | SY1 | DSMF.F | |
| Enterprise Value | 1,726 | 112,746 | 38,896 | 26,053 | 12,800 | 26,682 | |
| (+) Cash & Short Term Investments | 195 | 1,916 | 762 | 280 | 0 | 2,717 | |
| (+) Investments & Other | 4 | 522 | 153 | 24 | 0 | 568 | |
| (-) Debt | (334) | (12,451) | (4,751) | (1,797) | 0 | (5,280) | |
| (-) Other Liabilities | (1) | (761) | 0 | 0 | 0 | (186) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 1,590 | 101,972 | 35,060 | 24,560 | 12,800 | 24,501 | |
| (/) Shares Outstanding | 2.0 | 576.1 | 9.2 | 466.4 | 139.8 | 264.3 | |
| Implied Stock Price | 814.00 | 177.00 | 3,800.00 | 52.66 | 91.58 | 92.71 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.93 | |
| Implied Stock Price (Trading Cur) | 814.00 | 177.00 | 3,800.00 | 52.66 | 91.58 | 100.08 | |
| Trading Currency | EUR | EUR | CHF | EUR | EUR | USD | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.93 | |