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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Pb Multiple | 2.8x - 3.1x | 3.0x |
Historical Pb Multiple | 2.4x - 6.5x | 2.8x |
Fair Value | €2.24 - €2.47 | €2.35 |
Upside | 2.5% - 13.3% | 7.9% |
Benchmarks | - | Full Ticker |
Matson, Inc. | - | NYSE:MATX |
Costamare Inc. | - | NYSE:CMRE |
Danaos Corporation | - | NYSE:DAC |
A.P. Møller - Mærsk A/S | - | OTCPK:AMKB.F |
Navios Maritime Partners L.P. | - | NYSE:NMM |
SITC International Holdings Company Limited | - | DB:7S8 |
Select Price / Book Ratio | ||||||||
Benchmark Companies | ||||||||
MATX | CMRE | DAC | AMKB.F | NMM | 7S8 | |||
NYSE:MATX | NYSE:CMRE | NYSE:DAC | OTCPK:AMKB.F | NYSE:NMM | DB:7S8 | |||
Historical Net Income Growth | ||||||||
5Y CAGR | 41.9% | 33.8% | 30.9% | 67.1% | NM- | 36.1% | ||
3Y CAGR | -19.9% | -10.4% | -21.7% | -30.2% | -10.7% | -4.0% | ||
Latest Twelve Months | 60.4% | -18.0% | -12.4% | 59.8% | -15.3% | 93.5% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 14.8% | 31.1% | 71.6% | 17.4% | 28.5% | 31.2% | ||
Prior Fiscal Year | 9.6% | 23.5% | 59.2% | 7.5% | 33.2% | 21.9% | ||
Latest Fiscal Year | 13.9% | 13.9% | 49.8% | 11.0% | 27.5% | 33.6% | ||
Latest Twelve Months | 13.9% | 13.9% | 49.8% | 11.0% | 27.5% | 33.6% | ||
Return on Equity | ||||||||
5 Year Average Margin | 34.7% | 15.8% | 29.1% | 26.0% | 16.4% | 54.2% | ||
Prior Fiscal Year | 12.6% | 15.6% | 20.7% | 6.5% | 17.0% | 26.1% | ||
Latest Twelve Months | 18.9% | 11.9% | 15.7% | 11.0% | 12.5% | 47.6% | ||
Next Fiscal Year | 14.4% | 11.4% | 14.7% | 3.5% | 9.2% | 34.2% | ||
Two Fiscal Years Forward | 11.4% | 10.1% | 12.7% | -0.6% | 10.1% | 23.0% | ||
Current Trading Multiples | ||||||||
Price / LTM Sales | 1.0x | 0.5x | 1.3x | 0.4x | 0.7x | 2.1x | ||
Price / LTM EPS | 7.0x | 3.6x | 2.5x | 3.7x | 2.5x | 6.2x | ||
Price / Book | 1.3x | 0.4x | 0.4x | 0.4x | 0.3x | 2.7x | ||
Price / Fwd Book | 1.2x | 0.4x | 0.3x | 0.4x | 0.3x | 2.4x | ||
Low | Mid | High | ||||||
Benchmark P/B Ratio | 0.3x | 0.4x | 1.3x | |||||
Historical P/B Ratio | 2.4x | 2.8x | 6.5x | |||||
Selected P/B Multiple | 2.8x | 3.0x | 3.1x | |||||
(x) Book Value | 2,404 | 2,404 | 2,404 |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | MATX | CMRE | DAC | AMKB.F | NMM | 7S8 | |
Value of Common Equity | 3,350 | 1,039 | 1,287 | 22,503 | 933 | 6,638 | |
(/) Shares Outstanding | 32.9 | 120.0 | 18.7 | 15.5 | 30.1 | 2,687.2 | |
Implied Stock Price | 101.93 | 8.66 | 68.92 | 1,447.27 | 31.00 | 2.47 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.13 | |
Implied Stock Price (Trading Cur) | 101.93 | 8.66 | 68.92 | 1,447.27 | 31.00 | 2.18 | |
Trading Currency | USD | USD | USD | USD | USD | EUR | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.13 |