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 | 15.6x - 17.2x | 16.4x |
| Selected Fwd EBIT Multiple | 16.3x - 18.0x | 17.1x |
| Fair Value | €19.64 - €21.60 | €20.62 |
| Upside | 38.0% - 51.8% | 44.9% |
| Benchmarks | Ticker | Full Ticker |
| SUSS MicroTec SE | SMHN | XTRA:SMHN |
| ASML Holding N.V. | ASME | XTRA:ASME |
| ASM International NV | AVS | XTRA:AVS |
| BE Semiconductor Industries N.V. | BSI | XTRA:BSI |
| centrotherm international AG | CTNK | DB:CTNK |
| AIXTRON SE | AIXA | DB:AIXA |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| SMHN | ASME | AVS | BSI | CTNK | AIXA | ||
| XTRA:SMHN | XTRA:ASME | XTRA:AVS | XTRA:BSI | DB:CTNK | DB:AIXA | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | 117.3% | 26.5% | 16.6% | 16.3% | NM- | 29.4% | |
| 3Y CAGR | 54.5% | 11.3% | 18.6% | -15.6% | 127.2% | 8.6% | |
| Latest Twelve Months | 111.3% | 43.6% | 47.7% | -5.2% | 335.6% | 5.9% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 11.3% | 32.2% | 26.3% | 37.4% | 3.8% | 20.2% | |
| Prior Fiscal Year | 8.7% | 32.8% | 24.8% | 36.9% | 7.9% | 24.0% | |
| Latest Fiscal Year | 18.6% | 31.9% | 27.1% | 32.2% | 14.3% | 20.8% | |
| Latest Twelve Months | 18.3% | 34.8% | 29.3% | 31.3% | 15.7% | 21.9% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 1.16x | 10.09x | 7.70x | 19.27x | -0.18x | 2.36x | |
| EV / LTM EBITDA | 6.0x | 26.8x | 23.3x | 58.4x | -1.0x | 9.9x | |
| EV / LTM EBIT | 6.3x | 29.0x | 26.3x | 61.6x | -1.2x | 10.8x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | -1.2x | 26.3x | 61.6x | ||||
| Historical EV / LTM EBIT | 13.6x | 25.4x | 69.4x | ||||
| Selected EV / LTM EBIT | 15.6x | 16.4x | 17.2x | ||||
| (x) LTM EBIT | 138 | 138 | 138 | ||||
| (=) Implied Enterprise Value | 2,156 | 2,270 | 2,383 | ||||
| (-) Non-shareholder Claims * | 111 | 111 | 111 | ||||
| (=) Equity Value | 2,267 | 2,380 | 2,494 | ||||
| (/) Shares Outstanding | 112.7 | 112.7 | 112.7 | ||||
| Implied Value Range | 20.12 | 21.13 | 22.13 | ||||
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 20.12 | 21.13 | 22.13 | 14.24 | |||
| Upside / (Downside) | 41.3% | 48.4% | 55.5% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | SMHN | ASME | AVS | BSI | CTNK | AIXA | |
| Enterprise Value | 603 | 324,710 | 25,049 | 11,527 | (53) | 1,493 | |
| (+) Cash & Short Term Investments | 100 | 7,249 | 1,042 | 490 | 160 | 115 | |
| (+) Investments & Other | 0 | 1,029 | 667 | 0 | 0 | 0 | |
| (-) Debt | (56) | (3,699) | (37) | (541) | 0 | (4) | |
| (-) Other Liabilities | 0 | 0 | 0 | 0 | (0) | (0) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 646 | 329,289 | 26,720 | 11,477 | 107 | 1,604 | |
| (/) Shares Outstanding | 19.1 | 387.3 | 48.9 | 78.9 | 21.2 | 112.7 | |
| Implied Stock Price | 33.82 | 850.20 | 546.40 | 145.40 | 5.05 | 14.24 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 33.82 | 850.20 | 546.40 | 145.40 | 5.05 | 14.24 | |
| Trading Currency | EUR | EUR | EUR | EUR | EUR | EUR | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |