看來載入頁面時發生了錯誤.
我們的團隊已收到通知，但若此問題持續，請透過電郵支援widget工具聯絡我們。
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBITDA Multiple | -16.6x - -18.4x | -17.5x |
| Selected Fwd EBITDA Multiple | 16.9x - 18.7x | 17.8x |
| Fair Value | €1.08 - €1.21 | €1.15 |
| Upside | -16.2% - -5.9% | -11.1% |
| Benchmarks | Ticker | Full Ticker |
| Cellnex Telecom, S.A. | CLNX | BME:CLNX |
| Telecom Italia S.p.A. | TIT | BIT:TIT |
| Telefónica, S.A. | TEF | BME:TEF |
| NFON AG | NFN | DB:NFN |
| EuroTeleSites AG | 7YF | BST:7YF |
| LleidaNetworks Serveis Telemàtics, S.A. | LLN | BME:LLN |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| CLNX | TIT | TEF | NFN | 7YF | LLN | ||
| BME:CLNX | BIT:TIT | BME:TEF | DB:NFN | BST:7YF | BME:LLN | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | 39.4% | -10.3% | -7.3% | NM- | NM- | NM- | |
| 3Y CAGR | 22.8% | -7.4% | 2.5% | NM- | NM- | NM- | |
| Latest Twelve Months | 4.1% | -18.1% | 27.5% | 99.9% | -6.6% | 282.7% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 56.3% | 33.9% | 22.7% | -3.3% | 22.9% | 4.0% | |
| Prior Fiscal Year | 56.8% | 31.9% | 18.8% | 3.7% | 62.5% | -10.0% | |
| Latest Fiscal Year | 59.9% | 29.5% | 23.6% | 7.0% | 63.3% | 15.8% | |
| Latest Twelve Months | 60.2% | 26.9% | 23.6% | 7.0% | 63.3% | 15.8% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 10.97x | 1.46x | 1.39x | 1.32x | 8.33x | 1.29x | |
| EV / LTM EBITDA | 18.2x | 5.4x | 5.9x | 19.0x | 13.2x | 8.2x | |
| EV / LTM EBIT | 74.0x | 12.9x | 12.5x | 26.2x | 20.7x | 23.7x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | 5.4x | 13.2x | 19.0x | ||||
| Historical EV / LTM EBITDA | -32.0x | 35.3x | 72.4x | ||||
| Selected EV / LTM EBITDA | -16.6x | -17.5x | -18.4x | ||||
| (x) LTM EBITDA | 3 | 3 | 3 | ||||
| (=) Implied Enterprise Value | (53) | (56) | (58) | ||||
| (-) Non-shareholder Claims * | (6) | (6) | (6) | ||||
| (=) Equity Value | 0 | 0 | 0 | ||||
| (/) Shares Outstanding | 15.5 | 15.5 | 15.5 | ||||
| Implied Value Range | 0.00 | 0.00 | 0.00 | ||||
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 0.00 | 0.00 | 0.00 | 1.29 | |||
| Upside / (Downside) | -100.0% | -100.0% | -100.0% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | CLNX | TIT | TEF | NFN | 7YF | LLN | |
| Enterprise Value | 44,540 | 19,002 | 57,279 | 110 | 2,161 | 26 | |
| (+) Cash & Short Term Investments | 1,399 | 3,785 | 8,496 | 13 | 22 | 1 | |
| (+) Investments & Other | 305 | 1,580 | 9,971 | 1 | 0 | 0 | |
| (-) Debt | (21,454) | (15,197) | (47,085) | (13) | (1,346) | (7) | |
| (-) Other Liabilities | (1,217) | (1,348) | (3,402) | 0 | 0 | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 23,573 | 7,822 | 25,259 | 110 | 837 | 20 | |
| (/) Shares Outstanding | 705.6 | 21,260.8 | 5,643.3 | 16.6 | 166.1 | 15.5 | |
| Implied Stock Price | 33.41 | 0.37 | 4.48 | 6.65 | 5.04 | 1.29 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 33.41 | 0.37 | 4.48 | 6.65 | 5.04 | 1.29 | |
| Trading Currency | EUR | EUR | EUR | EUR | EUR | EUR | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |