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 | 9.6x - 10.6x | 10.1x |
| Selected Fwd EBITDA Multiple | 5.7x - 6.3x | 6.0x |
| Fair Value | CHF 7.26 - CHF 8.52 | CHF 7.89 |
| Upside | -2.0% - 15.0% | 6.5% |
| Benchmarks | Ticker | Full Ticker |
| Sika AG | SIKA | SWX:SIKA |
| Givaudan SA | GIVN | SWX:GIVN |
| Syensqo SA/NV | 2NF | DUSE:2NF |
| Umicore SA | NVJP | DB:NVJP |
| Akzo Nobel N.V. | AKZA | ENXTAM:AKZA |
| Clariant AG | CLNz | BATS-CHIXE:CLNz |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| SIKA | GIVN | 2NF | NVJP | AKZA | CLNz | ||
| SWX:SIKA | SWX:GIVN | DUSE:2NF | DB:NVJP | ENXTAM:AKZA | BATS-CHIXE:CLNz | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | 9.9% | 6.6% | NM- | NM- | 1.7% | 4.4% | |
| 3Y CAGR | 8.6% | 5.7% | 1.6% | NM- | -3.4% | -5.5% | |
| Latest Twelve Months | -5.3% | 12.1% | -13.9% | 336.0% | -17.6% | -34.1% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 18.0% | 20.7% | 20.6% | 3.2% | 12.2% | 14.8% | |
| Prior Fiscal Year | 18.8% | 19.7% | 22.6% | 5.7% | 12.4% | 13.9% | |
| Latest Fiscal Year | 18.2% | 22.3% | 18.5% | -0.4% | 11.3% | 13.5% | |
| Latest Twelve Months | 18.2% | 22.4% | 17.8% | 9.9% | 10.7% | 9.4% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 2.98x | 4.65x | 1.27x | 0.26x | 1.40x | 0.99x | |
| EV / LTM EBITDA | 16.3x | 20.8x | 7.1x | 2.7x | 13.1x | 10.6x | |
| EV / LTM EBIT | 20.3x | 24.6x | 13.4x | 3.1x | 17.4x | 22.8x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | 2.7x | 13.1x | 20.8x | ||||
| Historical EV / LTM EBITDA | 6.7x | 8.8x | 10.8x | ||||
| Selected EV / LTM EBITDA | 9.6x | 10.1x | 10.6x | ||||
| (x) LTM EBITDA | 380 | 380 | 380 | ||||
| (=) Implied Enterprise Value | 3,641 | 3,833 | 4,025 | ||||
| (-) Non-shareholder Claims * | (1,552) | (1,552) | (1,552) | ||||
| (=) Equity Value | 2,089 | 2,281 | 2,473 | ||||
| (/) Shares Outstanding | 328.3 | 328.3 | 328.3 | ||||
| Implied Value Range | 6.36 | 6.95 | 7.53 | ||||
| FX Rate: CHF/CHF | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 6.36 | 6.95 | 7.53 | 7.41 | |||
| Upside / (Downside) | -14.1% | -6.2% | 1.7% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | SIKA | GIVN | 2NF | NVJP | AKZA | CLNz | |
| Enterprise Value | 34,230 | 34,544 | 8,296 | 4,235 | 14,692 | 3,984 | |
| (+) Cash & Short Term Investments | 520 | 303 | 1,317 | 1,109 | 1,566 | 449 | |
| (+) Investments & Other | 3 | 143 | 303 | 596 | 248 | 215 | |
| (-) Debt | (6,215) | (4,783) | (3,069) | (2,865) | (5,846) | (2,048) | |
| (-) Other Liabilities | (11) | 0 | (42) | 33 | (213) | (168) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 28,527 | 30,207 | 6,805 | 3,108 | 10,447 | 2,432 | |
| (/) Shares Outstanding | 160.4 | 9.2 | 102.3 | 240.6 | 171.0 | 328.3 | |
| Implied Stock Price | 177.80 | 3,273.00 | 66.52 | 12.92 | 61.08 | 7.41 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 177.80 | 3,273.00 | 66.52 | 12.92 | 61.08 | 7.41 | |
| Trading Currency | CHF | CHF | EUR | EUR | EUR | CHF | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |