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 EBIT Multiple | 19.2x - 21.2x | 20.2x |
| Selected Fwd EBIT Multiple | 5.9x - 6.6x | 6.2x |
| Fair Value | R$3.08 - R$3.45 | R$3.27 |
| Upside | 41.4% - 58.2% | 49.8% |
| Benchmarks | Ticker | Full Ticker |
| International Meal Company Alimentação S.A. | MEAL3 | BOVESPA:MEAL3 |
| Smartfit Escola de Ginástica e Dança S.A. | SMFT3 | BOVESPA:SMFT3 |
| São Paulo Turismo S.A. | AHEB3 | BOVESPA:AHEB3 |
| Hotéis Othon S.A. | HOOT4 | BOVESPA:HOOT4 |
| Zamp S.A. | ZAMP3 | BOVESPA:ZAMP3 |
| CVC Brasil Operadora e Agência de Viagens S.A. | CVCB3 | BOVESPA:CVCB3 |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| MEAL3 | SMFT3 | AHEB3 | HOOT4 | ZAMP3 | CVCB3 | ||
| BOVESPA:MEAL3 | BOVESPA:SMFT3 | BOVESPA:AHEB3 | BOVESPA:HOOT4 | BOVESPA:ZAMP3 | BOVESPA:CVCB3 | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | -40.4% | 31.1% | NM- | NM- | NM- | -20.0% | |
| 3Y CAGR | NM- | NM- | NM- | NM- | NM- | NM- | |
| Latest Twelve Months | -88.7% | 20.7% | 18.8% | 37.8% | -104.5% | 169.8% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | -1.7% | 0.3% | 3.3% | -62.8% | -2.9% | -38.5% | |
| Prior Fiscal Year | 2.1% | 24.6% | 20.1% | 26.4% | 3.1% | -9.1% | |
| Latest Fiscal Year | 0.2% | 22.6% | 20.1% | 33.0% | -0.1% | 6.4% | |
| Latest Twelve Months | 0.2% | 22.6% | 20.1% | 33.0% | -0.1% | 6.4% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 0.60x | 3.81x | 0.41x | 0.02x | 0.57x | 0.96x | |
| EV / LTM EBITDA | 9.7x | 7.9x | 2.0x | 0.1x | 9.6x | 8.7x | |
| EV / LTM EBIT | 253.6x | 16.8x | 2.1x | 0.1x | -476.7x | 15.0x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | -476.7x | 2.1x | 253.6x | ||||
| Historical EV / LTM EBIT | -26.2x | -3.2x | 19.2x | ||||
| Selected EV / LTM EBIT | 19.2x | 20.2x | 21.2x | ||||
| (x) LTM EBIT | 91 | 91 | 91 | ||||
| (=) Implied Enterprise Value | 1,742 | 1,833 | 1,925 | ||||
| (-) Non-shareholder Claims * | (213) | (213) | (213) | ||||
| (=) Equity Value | 1,529 | 1,621 | 1,713 | ||||
| (/) Shares Outstanding | 525.6 | 525.6 | 525.6 | ||||
| Implied Value Range | 2.91 | 3.08 | 3.26 | ||||
| FX Rate: BRL/BRL | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 2.91 | 3.08 | 3.26 | 2.18 | |||
| Upside / (Downside) | 33.5% | 41.5% | 49.5% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | MEAL3 | SMFT3 | AHEB3 | HOOT4 | ZAMP3 | CVCB3 | |
| Enterprise Value | 1,334 | 22,692 | 298 | 4 | 2,702 | 1,358 | |
| (+) Cash & Short Term Investments | 218 | 1,491 | 91 | 14 | 746 | 400 | |
| (+) Investments & Other | 64 | 55 | 0 | 0 | 0 | 0 | |
| (-) Debt | (1,267) | (11,315) | (4) | (1) | (2,236) | (613) | |
| (-) Other Liabilities | 0 | (16) | 0 | 33 | 0 | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 348 | 12,907 | 384 | 50 | 1,213 | 1,146 | |
| (/) Shares Outstanding | 285.4 | 597.3 | 8.5 | 18.4 | 419.6 | 525.6 | |
| Implied Stock Price | 1.22 | 21.61 | 45.00 | 2.71 | 2.89 | 2.18 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 1.22 | 21.61 | 45.00 | 2.71 | 2.89 | 2.18 | |
| Trading Currency | BRL | BRL | BRL | BRL | BRL | BRL | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |