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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Ps Multiple | 2.8x - 3.1x | 3.0x |
Selected Fwd Ps Multiple | 3.2x - 3.6x | 3.4x |
Fair Value | د.إ 4.13 - د.إ 4.56 | د.إ 4.35 |
Upside | 27.1% - 40.4% | 33.8% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
Abu Dhabi Ship Building PJSC | - | ADX:ADSB |
Modon Holding PSC | - | ADX:MODON |
TAT Technologies Ltd. | - | TASE:TATT |
Astronics Corporation | - | NasdaqGS:ATRO |
Mercury Systems, Inc. | - | NasdaqGS:MRCY |
Al Seer Marine Supplies and Equipment Company PJSC | - | ADX:ASM |
Select Price / LTM Sales Ratio | ||||||||
Benchmark Companies | ||||||||
ADSB | MODON | TATT | ATRO | MRCY | ASM | |||
ADX:ADSB | ADX:MODON | TASE:TATT | NasdaqGS:ATRO | NasdaqGS:MRCY | ADX:ASM | |||
Historical Sales Growth | ||||||||
5Y CAGR | 36.2% | 96.3% | 9.3% | 0.6% | 2.7% | 14.4% | ||
3Y CAGR | 80.5% | 160.3% | 25.0% | 21.4% | -2.6% | 27.3% | ||
Latest Twelve Months | -6.2% | 323.7% | 26.0% | 11.0% | 9.2% | 12.1% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 2.2% | 106.8% | -0.1% | -6.8% | -2.2% | 59.3% | ||
Prior Fiscal Year | 3.2% | 27.1% | 4.1% | -3.8% | -16.5% | -83.2% | ||
Latest Fiscal Year | 5.2% | 144.3% | 7.3% | -2.0% | -4.2% | -114.7% | ||
Latest Twelve Months | 4.1% | 25.5% | 8.2% | -0.5% | -4.2% | -5.9% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 18.7x | 15.1x | 24.9x | 28.2x | 69.1x | 4.8x | ||
Price / LTM Sales | 1.3x | 5.3x | 3.3x | 1.8x | 5.0x | 2.4x | ||
LTM P/E Ratio | 30.9x | 20.9x | 40.0x | -403.6x | -121.2x | -39.9x | ||
Low | Mid | High | ||||||
Benchmark LTM P/S Ratio | 1.3x | 3.3x | 5.3x | |||||
Historical LTM P/S Ratio | 2.9x | 7.8x | 24.9x | |||||
Selected Price / Sales Multiple | 2.8x | 3.0x | 3.1x | |||||
(x) LTM Sales | 1,399 | 1,399 | 1,399 | |||||
(=) Equity Value | 3,977 | 4,186 | 4,396 | |||||
(/) Shares Outstanding | 1,000.0 | 1,000.0 | 1,000.0 | |||||
Implied Value Range | 3.98 | 4.19 | 4.40 | |||||
FX Rate: AED/AED | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 3.98 | 4.19 | 4.40 | 3.25 | ||||
Upside / (Downside) | 22.4% | 28.8% | 35.2% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | ADSB | MODON | TATT | ATRO | MRCY | ASM | |
Value of Common Equity | 1,694 | 58,523 | 512 | 1,510 | 4,596 | 3,250 | |
(/) Shares Outstanding | 212.0 | 16,347.1 | 12.9 | 35.4 | 60.0 | 1,000.0 | |
Implied Stock Price | 7.99 | 3.58 | 39.69 | 42.65 | 76.57 | 3.25 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 0.30 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 7.99 | 3.58 | 132.90 | 42.65 | 76.57 | 3.25 | |
Trading Currency | AED | AED | ILS | USD | USD | AED | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 0.30 | 1.00 | 1.00 | 1.00 |