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 | 13.8x - 15.3x | 14.5x |
Selected Fwd EBIT Multiple | 12.8x - 14.1x | 13.4x |
Fair Value | kr459.40 - kr509.37 | kr484.39 |
Upside | 15.5% - 28.0% | 21.8% |
Benchmarks | Ticker | Full Ticker |
Sulzer Ltd | SUN | SWX:SUN |
Sandvik AB (publ) | SAND | OM:SAND |
Dover Corporation | DOV | DB:DOV |
Terex Corporation | TXG | DB:TXG |
Trelleborg AB (publ) | TREL B | OM:TRELB |
FLSmidth & Co. A/S | FLS | CPSE:FLS |
- | - | - |
Select LTM EBIT Multiple | |||||||
Benchmark Companies | |||||||
SUN | SAND | DOV | TXG | TREL B | FLS | ||
SWX:SUN | OM:SAND | DB:DOV | DB:TXG | OM:TRELB | CPSE:FLS | ||
Historical EBIT Growth | |||||||
5Y CAGR | 7.5% | 1.1% | 4.1% | 9.3% | 3.4% | 5.8% | |
3Y CAGR | 18.9% | 2.6% | -0.5% | 16.8% | 13.4% | 33.7% | |
Latest Twelve Months | 18.7% | 5.3% | 6.9% | -32.6% | -0.2% | 64.1% | |
Historical EBIT Profit Margin | |||||||
5 Year Average Margin | 7.7% | 17.6% | 16.3% | 8.6% | 15.6% | 4.7% | |
Prior Fiscal Year | 9.8% | 18.2% | 16.5% | 12.2% | 16.1% | 4.6% | |
Latest Fiscal Year | 10.9% | 15.5% | 16.7% | 10.2% | 16.0% | 8.5% | |
Latest Twelve Months | 10.9% | 17.4% | 17.3% | 8.6% | 15.9% | 9.8% | |
Current Trading Multiples | |||||||
EV / LTM Revenue | 1.47x | 2.87x | 3.46x | 1.10x | 2.61x | 1.17x | |
EV / LTM EBITDA | 11.2x | 13.3x | 15.8x | 10.3x | 12.8x | 10.1x | |
EV / LTM EBIT | 13.6x | 16.5x | 19.9x | 12.9x | 16.4x | 12.0x | |
Low | Mid | High | |||||
Benchmark EV / LTM EBIT | 12.9x | 16.4x | 19.9x | ||||
Historical EV / LTM EBIT | 15.0x | 17.4x | 23.0x | ||||
Selected EV / LTM EBIT | 13.8x | 14.5x | 15.3x | ||||
(x) LTM EBIT | 1,966 | 1,966 | 1,966 | ||||
(=) Implied Enterprise Value | 27,136 | 28,565 | 29,993 | ||||
(-) Non-shareholder Claims * | (872) | (872) | (872) | ||||
(=) Equity Value | 26,264 | 27,693 | 29,121 | ||||
(/) Shares Outstanding | 56.7 | 56.7 | 56.7 | ||||
Implied Value Range | 463.60 | 488.81 | 514.02 | ||||
FX Rate: DKK/DKK | 1.0 | 1.0 | 1.0 | Market Price | |||
Implied Value Range (Trading Cur) | 463.60 | 488.81 | 514.02 | 397.80 | |||
Upside / (Downside) | 16.5% | 22.9% | 29.2% |
Equity Waterfall | |||||||
Benchmark Companies | |||||||
(in millions) | SUN | SAND | DOV | TXG | TREL B | FLS | |
Enterprise Value | 5,203 | 348,279 | 27,071 | 5,545 | 73,193 | 23,408 | |
(+) Cash & Short Term Investments | 1,062 | 3,449 | 1,265 | 298 | 2,073 | 859 | |
(+) Investments & Other | 83 | 9,793 | 0 | 0 | 14 | 91 | |
(-) Debt | (1,162) | (50,490) | (3,069) | (2,586) | (10,770) | (1,837) | |
(-) Other Liabilities | (12) | (69) | 0 | 0 | (4) | 15 | |
(-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
(-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
Value of Common Equity | 5,175 | 310,962 | 25,267 | 3,257 | 64,506 | 22,536 | |
(/) Shares Outstanding | 33.7 | 1,254.4 | 137.1 | 65.6 | 227.8 | 56.7 | |
Implied Stock Price | 153.40 | 247.90 | 184.25 | 49.65 | 283.20 | 397.80 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.15 | 1.15 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 153.40 | 247.90 | 159.65 | 43.02 | 283.20 | 397.80 | |
Trading Currency | CHF | SEK | EUR | EUR | SEK | DKK | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.15 | 1.15 | 1.00 | 1.00 |