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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Pb Multiple | 0.7x - 0.7x | 0.7x |
Historical Pb Multiple | 0.6x - 1.2x | 0.6x |
Fair Value | €17.19 - €18.99 | €18.09 |
Upside | 13.8% - 25.8% | 19.8% |
Benchmarks | - | Full Ticker |
StepStone Group Inc. | - | NasdaqGS:STEP |
Compass Diversified | - | NYSE:CODI |
Elron Ventures Ltd | - | OTCPK:ELRN.F |
Mill City Ventures III, Ltd. | - | NasdaqCM:MCVT |
T. Rowe Price Group, Inc. | - | NasdaqGS:TROW |
Cannae Holdings, Inc. | - | DB:CQ2 |
Select Price / Book Ratio | ||||||||
Benchmark Companies | ||||||||
STEP | CODI | ELRN.F | MCVT | TROW | CQ2 | |||
NasdaqGS:STEP | NYSE:CODI | OTCPK:ELRN.F | NasdaqCM:MCVT | NasdaqGS:TROW | DB:CQ2 | |||
Historical Net Income Growth | ||||||||
5Y CAGR | 1.4% | NM- | NM- | NM- | -0.3% | NM- | ||
3Y CAGR | -2.5% | NM- | 60.3% | -25.6% | -12.0% | NM- | ||
Latest Twelve Months | -332.3% | 27.3% | 376.2% | 200.2% | 17.2% | 2.8% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 26.9% | 5.5% | -248.9% | 15.3% | 33.2% | 10.5% | ||
Prior Fiscal Year | 27.2% | -6.6% | -50.8% | -35.3% | 27.0% | -55.0% | ||
Latest Fiscal Year | 8.2% | -4.3% | 51.5% | 35.4% | 28.8% | -67.3% | ||
Latest Twelve Months | -11.3% | -4.3% | 51.5% | 35.4% | 28.8% | -67.3% | ||
Return on Equity | ||||||||
5 Year Average Margin | 30.9% | -9.2% | 5.7% | 7.2% | 26.2% | 6.2% | ||
Prior Fiscal Year | -2.3% | -14.0% | -6.2% | -6.4% | 19.0% | -12.4% | ||
Latest Twelve Months | -26.8% | -10.0% | 18.8% | 6.1% | 20.6% | -14.6% | ||
Next Fiscal Year | 53.9% | 20.2% | 33.7% | 3.4% | 17.8% | -4.0% | ||
Two Fiscal Years Forward | 42.0% | 21.4% | 49.9% | 3.3% | 17.5% | -4.3% | ||
Current Trading Multiples | ||||||||
Price / LTM Sales | 4.8x | 0.6x | 1.3x | 2.8x | 2.7x | 2.4x | ||
Price / LTM EPS | -27.4x | -13.2x | 2.6x | 7.9x | 9.4x | -3.6x | ||
Price / Book | 26.2x | 1.4x | 0.5x | 0.5x | 1.8x | 0.6x | ||
Price / Fwd Book | 7.5x | 1.3x | 0.6x | 0.4x | 1.8x | 0.7x | ||
Low | Mid | High | ||||||
Benchmark P/B Ratio | 0.5x | 1.4x | 26.2x | |||||
Historical P/B Ratio | 0.6x | 0.6x | 1.2x | |||||
Selected P/B Multiple | 0.7x | 0.7x | 0.7x | |||||
(x) Book Value | 1,837 | 1,837 | 1,837 |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | STEP | CODI | ELRN.F | MCVT | TROW | CQ2 | |
Value of Common Equity | 3,569 | 1,245 | 58 | 9 | 19,137 | 1,078 | |
(/) Shares Outstanding | 75.8 | 75.2 | 52.9 | 6.4 | 222.2 | 62.8 | |
Implied Stock Price | 47.06 | 16.55 | 1.10 | 1.43 | 86.11 | 17.17 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.14 | |
Implied Stock Price (Trading Cur) | 47.06 | 16.55 | 1.10 | 1.43 | 86.11 | 15.10 | |
Trading Currency | USD | USD | USD | USD | USD | EUR | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.14 |