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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Pb Multiple | 1.7x - 1.9x | 1.8x |
Historical Pb Multiple | -0.1x - 2.2x | 2.0x |
Fair Value | lei 2.87 - lei 3.17 | lei 3.02 |
Upside | -12.6% - -3.4% | -8.0% |
Benchmarks | - | Full Ticker |
The Boeing Company | - | DB:BCO |
HEICO Corporation | - | DB:HC1 |
Airbus SE | - | ENXTPA:AIR |
Howmet Aerospace Inc. | - | DB:48Z |
Turbomecanica SA | - | BVB:TBM |
Avioane Craiova S.A. | - | BVB:AVIO |
Select Price / Book Ratio | ||||||||
Benchmark Companies | ||||||||
BCO | HC1 | AIR | 48Z | TBM | AVIO | |||
DB:BCO | DB:HC1 | ENXTPA:AIR | DB:48Z | BVB:TBM | BVB:AVIO | |||
Historical Net Income Growth | ||||||||
5Y CAGR | NM- | 9.4% | NM- | 56.2% | -5.9% | NM- | ||
3Y CAGR | NM- | 19.1% | 0.2% | 65.1% | 11.2% | NM- | ||
Latest Twelve Months | -217.1% | 35.6% | 59.7% | 49.8% | 53.0% | 1177.3% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | -10.4% | 16.5% | 4.7% | 9.6% | 9.6% | -24.9% | ||
Prior Fiscal Year | -2.9% | 13.6% | 5.8% | 11.5% | 8.5% | 0.2% | ||
Latest Fiscal Year | -17.9% | 13.3% | 6.1% | 15.5% | 11.5% | 2.1% | ||
Latest Twelve Months | -14.5% | 14.5% | 7.0% | 18.1% | 12.6% | 2.1% | ||
Return on Equity | ||||||||
5 Year Average Margin | NA | 14.9% | 21.1% | 15.4% | 11.3% | -5.0% | ||
Prior Fiscal Year | NM | 14.0% | 24.7% | 20.3% | 8.3% | 0.2% | ||
Latest Twelve Months | NM | 16.3% | 24.9% | 30.3% | 12.5% | 2.6% | ||
Next Fiscal Year | 29.0% | 16.5% | 24.7% | 30.3% | 8.6% | 5.8% | ||
Two Fiscal Years Forward | -70.8% | 15.9% | 25.7% | 30.5% | 8.5% | 7.2% | ||
Current Trading Multiples | ||||||||
Price / LTM Sales | 2.3x | 9.2x | 2.0x | 9.4x | 1.1x | 1.8x | ||
Price / LTM EPS | -15.9x | 63.1x | 28.3x | 52.2x | 8.4x | 86.9x | ||
Price / Book | -52.5x | 9.6x | 6.0x | 14.6x | 1.0x | 2.0x | ||
Price / Fwd Book | -32.8x | 9.3x | 6.3x | 14.1x | 1.0x | 1.8x | ||
Low | Mid | High | ||||||
Benchmark P/B Ratio | -52.5x | 6.0x | 14.6x | |||||
Historical P/B Ratio | -0.1x | 2.0x | 2.2x | |||||
Selected P/B Multiple | 1.7x | 1.8x | 1.9x | |||||
(x) Book Value | 63 | 63 | 63 |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | BCO | HC1 | AIR | 48Z | TBM | AVIO | |
Value of Common Equity | 173,311 | 39,243 | 139,442 | 72,632 | 160 | 123 | |
(/) Shares Outstanding | 756.2 | 123.5 | 791.3 | 403.1 | 369.4 | 37.4 | |
Implied Stock Price | 229.20 | 317.85 | 176.22 | 180.17 | 0.43 | 3.28 | |
FX Conversion Rate to Trading Currency | 1.16 | 1.16 | 1.00 | 1.16 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 196.86 | 273.00 | 176.22 | 154.75 | 0.43 | 3.28 | |
Trading Currency | EUR | EUR | EUR | EUR | RON | RON | |
FX Rate to Reporting Currency | 1.16 | 1.16 | 1.00 | 1.16 | 1.00 | 1.00 |