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Metrics | Range | Conclusion |
---|---|---|
Selected LTM EBIT Multiple | 16.5x - 18.2x | 17.3x |
Selected Fwd EBIT Multiple | 9.0x - 10.0x | 9.5x |
Fair Value | د.أ 3.47 - د.أ 4.10 | د.أ 3.78 |
Upside | -11.5% - 4.6% | -3.5% |
Benchmarks | Ticker | Full Ticker |
Jordan Dairy Company Ltd. | JODA | ASE:JODA |
Jordan Poultry Processing & Marketing Co. PLC | JPPC | ASE:JPPC |
Nutridar Company | NDAR | ASE:NDAR |
Universal Modern Industries Co. For Edible Oil | UMIC | ASE:UMIC |
Jordan Vegetable Oil Industries Co. Ltd. | JVOI | ASE:JVOI |
Siniora Food Industries Company | SNRA | ASE:SNRA |
- | - | - |
Select LTM EBIT Multiple | |||||||
Benchmark Companies | |||||||
JODA | JPPC | NDAR | UMIC | JVOI | SNRA | ||
ASE:JODA | ASE:JPPC | ASE:NDAR | ASE:UMIC | ASE:JVOI | ASE:SNRA | ||
Historical EBIT Growth | |||||||
5Y CAGR | 14.4% | NM- | 24.5% | -24.2% | 1.5% | 12.4% | |
3Y CAGR | NM- | NM- | 33.8% | -38.1% | 0.5% | 6.9% | |
Latest Twelve Months | 48.4% | -183.6% | 129.3% | -110.4% | -12.0% | 14.2% | |
Historical EBIT Profit Margin | |||||||
5 Year Average Margin | 0.8% | -1.0% | 4.5% | 3.4% | 17.6% | 8.9% | |
Prior Fiscal Year | 0.6% | 2.4% | 3.7% | 3.0% | 20.6% | 7.4% | |
Latest Fiscal Year | 2.4% | -1.7% | 6.9% | 1.7% | 15.8% | 8.5% | |
Latest Twelve Months | 2.2% | -3.9% | 8.0% | -0.2% | 14.9% | 6.8% | |
Current Trading Multiples | |||||||
EV / LTM Revenue | 0.91x | 0.86x | 0.58x | 0.61x | 1.56x | 1.25x | |
EV / LTM EBITDA | 13.9x | -178.6x | 6.1x | 57.9x | 9.2x | 12.4x | |
EV / LTM EBIT | 40.9x | -22.0x | 7.3x | -314.4x | 10.4x | 18.3x | |
Low | Mid | High | |||||
Benchmark EV / LTM EBIT | -314.4x | 7.3x | 40.9x | ||||
Historical EV / LTM EBIT | 17.9x | 19.9x | 22.5x | ||||
Selected EV / LTM EBIT | 16.5x | 17.3x | 18.2x | ||||
(x) LTM EBIT | 12 | 12 | 12 | ||||
(=) Implied Enterprise Value | 190 | 200 | 210 | ||||
(-) Non-shareholder Claims * | (84) | (84) | (84) | ||||
(=) Equity Value | 107 | 117 | 127 | ||||
(/) Shares Outstanding | 32.7 | 32.7 | 32.7 | ||||
Implied Value Range | 3.26 | 3.57 | 3.88 | ||||
FX Rate: JOD/JOD | 1.0 | 1.0 | 1.0 | Market Price | |||
Implied Value Range (Trading Cur) | 3.26 | 3.57 | 3.88 | 3.92 | |||
Upside / (Downside) | -16.7% | -8.9% | -1.1% |
Equity Waterfall | |||||||
Benchmark Companies | |||||||
(in millions) | JODA | JPPC | NDAR | UMIC | JVOI | SNRA | |
Enterprise Value | 26 | 50 | 9 | 7 | 11 | 212 | |
(+) Cash & Short Term Investments | 0 | 3 | 1 | 5 | 3 | 8 | |
(+) Investments & Other | 1 | 0 | 0 | 0 | 1 | 0 | |
(-) Debt | (19) | (47) | (1) | (0) | 0 | (92) | |
(-) Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | |
(-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
(-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
Value of Common Equity | 8 | 5 | 9 | 11 | 15 | 128 | |
(/) Shares Outstanding | 4.0 | 23.6 | 11.6 | 6.0 | 4.0 | 32.7 | |
Implied Stock Price | 1.89 | 0.23 | 0.79 | 1.82 | 3.72 | 3.92 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 1.89 | 0.23 | 0.79 | 1.82 | 3.72 | 3.92 | |
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 |