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Metrics | Range | Conclusion |
---|---|---|
Selected LTM EBITDA Multiple | 5.4x - 6.0x | 5.7x |
Selected Fwd EBITDA Multiple | 4.9x - 5.4x | 5.2x |
Fair Value | د.أ 1.64 - د.أ 1.80 | د.أ 1.72 |
Upside | 9.1% - 20.0% | 14.6% |
Benchmarks | Ticker | Full Ticker |
Amad investment and real estate development company | AMAD | ASE:AMAD |
Contempro For Housing Projects P.L.C. | COHO | ASE:COHO |
Almehanya for Real Estate Investments & Housing Co. P.L.C. | PROF | ASE:PROF |
Darat Jordan Holdings Company | DARA | ASE:DARA |
Int'l Arabian Development and Investment Trading Co. | INMA | ASE:INMA |
Noor Capital Markets for Diversified Investments | NCMD | ASE:NCMD |
- | - | - |
Select LTM EBITDA Multiple | |||||||
Benchmark Companies | |||||||
AMAD | COHO | PROF | DARA | INMA | NCMD | ||
ASE:AMAD | ASE:COHO | ASE:PROF | ASE:DARA | ASE:INMA | ASE:NCMD | ||
Historical EBITDA Growth | |||||||
5Y CAGR | NM- | -55.6% | 16.3% | NM- | NM- | -7.0% | |
3Y CAGR | NM- | -58.6% | 2.2% | NM- | NM- | -13.0% | |
Latest Twelve Months | 2.9% | 105.3% | 29.2% | -19.2% | -210.0% | 59.3% | |
Historical EBITDA Profit Margin | |||||||
5 Year Average Margin | -24.0% | -6.3% | 9.1% | -225.3% | 4.2% | 61.9% | |
Prior Fiscal Year | -11.1% | -10.6% | 10.3% | -741.1% | 19.1% | 44.8% | |
Latest Fiscal Year | -18.2% | 0.6% | 14.3% | -184.3% | -32.1% | 56.7% | |
Latest Twelve Months | -18.2% | 0.6% | 12.2% | -184.3% | -32.1% | 56.7% | |
Current Trading Multiples | |||||||
EV / LTM Revenue | -0.61x | 1.44x | 1.39x | 16.50x | 15.03x | 3.19x | |
EV / LTM EBITDA | 3.3x | 224.4x | 11.4x | -9.0x | -46.8x | 5.6x | |
EV / LTM EBIT | 2.9x | -868.1x | 11.8x | -8.2x | -27.3x | 5.8x | |
Low | Mid | High | |||||
Benchmark EV / LTM EBITDA | -46.8x | 3.3x | 224.4x | ||||
Historical EV / LTM EBITDA | 4.1x | 5.6x | 10.8x | ||||
Selected EV / LTM EBITDA | 5.4x | 5.7x | 6.0x | ||||
(x) LTM EBITDA | 0 | 0 | 0 | ||||
(=) Implied Enterprise Value | 1 | 1 | 1 | ||||
(-) Non-shareholder Claims * | 0 | 0 | 0 | ||||
(=) Equity Value | 1 | 2 | 2 | ||||
(/) Shares Outstanding | 1.0 | 1.0 | 1.0 | ||||
Implied Value Range | 1.44 | 1.51 | 1.58 | ||||
FX Rate: JOD/JOD | 1.0 | 1.0 | 1.0 | Market Price | |||
Implied Value Range (Trading Cur) | 1.44 | 1.51 | 1.58 | 1.50 | |||
Upside / (Downside) | -3.9% | 0.9% | 5.6% |
Equity Waterfall | |||||||
Benchmark Companies | |||||||
(in millions) | AMAD | COHO | PROF | DARA | INMA | NCMD | |
Enterprise Value | (1) | 1 | 7 | (1) | 2 | 1 | |
(+) Cash & Short Term Investments | 6 | 3 | 4 | 2 | 0 | 0 | |
(+) Investments & Other | 0 | 0 | 5 | 5 | 0 | 0 | |
(-) Debt | 0 | 0 | (2) | 0 | (1) | (0) | |
(-) Other Liabilities | 0 | 0 | (1) | 0 | 0 | 0 | |
(-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
(-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
Value of Common Equity | 5 | 4 | 13 | 5 | 1 | 2 | |
(/) Shares Outstanding | 6.0 | 6.0 | 27.4 | 10.3 | 3.0 | 1.0 | |
Implied Stock Price | 0.86 | 0.72 | 0.49 | 0.48 | 0.26 | 1.50 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 0.86 | 0.72 | 0.49 | 0.48 | 0.26 | 1.50 | |
Trading Currency | JOD | JOD | JOD | JOD | JOD | JOD | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |