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 | 69.9x - 77.2x | 73.6x |
| Selected Fwd EBIT Multiple | 12.4x - 13.7x | 13.1x |
| Fair Value | €1.11 - €1.23 | €1.17 |
| Upside | -21.7% - -13.7% | -17.7% |
| Benchmarks | Ticker | Full Ticker |
| Nebelhornbahn-Aktiengesellschaft | NHB0 | MUN:NHB0 |
| Erlebnis Akademie AG | EADG | XTRA:EADG |
| bet-at-home.com AG | ACX | DB:ACX |
| Oberstdorfer Bergbahn AG | KVO | MUN:KVO |
| Münchener Tierpark Hellabrunn AG | MTP | MUN:MTP |
| MHP Hotel AG | CDZ0 | DB:CDZ0 |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| NHB0 | EADG | ACX | KVO | MTP | CDZ0 | ||
| MUN:NHB0 | XTRA:EADG | DB:ACX | MUN:KVO | MUN:MTP | DB:CDZ0 | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | 11.8% | NM- | NM- | NM- | NM- | NM- | |
| 3Y CAGR | NM- | NM- | NM- | NM- | NM- | NM- | |
| Latest Twelve Months | -1.0% | 70.0% | -246.1% | -102.6% | -17.6% | 107.5% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | -8.2% | -2.8% | 1.3% | -28.4% | -53.2% | -4.6% | |
| Prior Fiscal Year | 8.7% | -7.1% | 0.0% | 5.3% | -18.9% | -5.2% | |
| Latest Fiscal Year | 8.2% | -2.0% | -6.9% | -0.1% | -22.5% | 0.3% | |
| Latest Twelve Months | 8.2% | -2.0% | -5.7% | -0.1% | -22.5% | 0.3% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 3.81x | 1.33x | -0.34x | 3.45x | 4.45x | 0.39x | |
| EV / LTM EBITDA | 11.7x | 6.4x | 8.1x | 12.2x | 227.2x | 7.1x | |
| EV / LTM EBIT | 46.4x | -66.0x | 5.9x | -2581.7x | -19.8x | 119.5x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | -2581.7x | -19.8x | 46.4x | ||||
| Historical EV / LTM EBIT | 119.5x | 119.5x | 119.5x | ||||
| Selected EV / LTM EBIT | 69.9x | 73.6x | 77.2x | ||||
| (x) LTM EBIT | 1 | 1 | 1 | ||||
| (=) Implied Enterprise Value | 37 | 39 | 41 | ||||
| (-) Non-shareholder Claims * | 1 | 1 | 1 | ||||
| (=) Equity Value | 38 | 40 | 42 | ||||
| (/) Shares Outstanding | 46.3 | 46.3 | 46.3 | ||||
| Implied Value Range | 0.83 | 0.87 | 0.91 | ||||
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 0.83 | 0.87 | 0.91 | 1.42 | |||
| Upside / (Downside) | -41.8% | -38.9% | -35.9% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | NHB0 | EADG | ACX | KVO | MTP | CDZ0 | |
| Enterprise Value | 22 | 33 | (18) | 5 | 82 | 64 | |
| (+) Cash & Short Term Investments | 0 | 3 | 39 | 0 | 0 | 9 | |
| (+) Investments & Other | 0 | 1 | 0 | 0 | 0 | 0 | |
| (-) Debt | 0 | (24) | (1) | 0 | 0 | (8) | |
| (-) Other Liabilities | 0 | (3) | 0 | 0 | 0 | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 22 | 10 | 19 | 5 | 82 | 66 | |
| (/) Shares Outstanding | 1.4 | 2.5 | 7.0 | 0.0 | 0.3 | 46.3 | |
| Implied Stock Price | 16.00 | 4.14 | 2.73 | 180.00 | 274.00 | 1.42 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 16.00 | 4.14 | 2.73 | 180.00 | 274.00 | 1.42 | |
| 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 | |