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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | 6.1x - 6.7x | 6.4x |
Selected Fwd P/E Multiple | 8.5x - 9.4x | 8.9x |
Fair Value | £1.30 - £1.44 | £1.37 |
Upside | -18.6% - -10.0% | -14.3% |
Benchmarks | - | Full Ticker |
Brown Advisory US Smaller Companies PLC | - | LSE:BASC |
JPMorgan Indian Investment Trust plc | - | LSE:JII |
Herald Investment Trust PLC | - | LSE:HRI |
India Capital Growth Fund Limited | - | LSE:IGC |
Pantheon International PLC | - | LSE:PIN |
Edinburgh Worldwide Investment Trust plc | - | BATS-CHIXE:EWIl |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
BASC | JII | HRI | IGC | PIN | EWIl | |||
LSE:BASC | LSE:JII | LSE:HRI | LSE:IGC | LSE:PIN | BATS-CHIXE:EWIl | |||
Historical Net Income Growth | ||||||||
5Y CAGR | -6.0% | 7.8% | -11.1% | NM- | -30.3% | 16.5% | ||
3Y CAGR | -54.1% | -17.9% | -21.8% | -17.4% | -53.1% | -24.6% | ||
Latest Twelve Months | 10.1% | 4204.5% | 179.1% | -39.3% | 266.2% | 139.3% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | -128.1% | -116.4% | 88.7% | 94.0% | 69.2% | 51.3% | ||
Prior Fiscal Year | 87.7% | 13.6% | 76.0% | 95.8% | 58.4% | 105.0% | ||
Latest Fiscal Year | 69.8% | 74.4% | 90.1% | 82.7% | 43.1% | 90.9% | ||
Latest Twelve Months | 84.4% | 74.4% | 90.1% | 82.7% | 63.2% | 90.9% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | NA | NA | NA | NA | NA | NA | ||
Price / LTM Sales | 11.3x | 3.9x | 6.9x | 5.1x | 9.0x | 7.4x | ||
LTM P/E Ratio | 13.4x | 5.2x | 7.7x | 6.1x | 14.2x | 8.2x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | 5.2x | 7.7x | 14.2x | |||||
Historical LTM P/E Ratio | -3.0x | 4.0x | 8.2x | |||||
Selected P/E Multiple | 6.1x | 6.4x | 6.7x | |||||
(x) LTM Net Income | 72 | 72 | 72 | |||||
(=) Equity Value | 435 | 458 | 481 | |||||
(/) Shares Outstanding | 366.0 | 366.0 | 366.0 | |||||
Implied Value Range | 1.19 | 1.25 | 1.31 | |||||
FX Rate: GBP/GBP | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 1.19 | 1.25 | 1.31 | 1.60 | ||||
Upside / (Downside) | -25.7% | -21.8% | -17.9% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | BASC | JII | HRI | IGC | PIN | EWIl | |
Value of Common Equity | 140 | 660 | 1,035 | 144 | 1,280 | 586 | |
(/) Shares Outstanding | 11.6 | 65.6 | 50.2 | 85.4 | 455.4 | 366.0 | |
Implied Stock Price | 12.10 | 10.06 | 20.60 | 1.69 | 2.81 | 1.60 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 12.10 | 10.06 | 20.60 | 1.69 | 2.81 | 1.60 | |
Trading Currency | GBP | GBP | GBP | GBP | GBP | GBP | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |