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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Pb Multiple | 4.8x - 5.4x | 5.1x |
Historical Pb Multiple | 2.8x - 5.1x | 4.4x |
Fair Value | €275.14 - €304.10 | €289.62 |
Upside | 9.5% - 21.0% | 15.2% |
Benchmarks | - | Full Ticker |
Pegasystems Inc. | - | NasdaqGS:PEGA |
Oracle Corporation | - | NYSE:ORCL |
Gen Digital Inc. | - | NasdaqGS:GEN |
Bentley Systems, Incorporated | - | NasdaqGS:BSY |
Intuit Inc. | - | NasdaqGS:INTU |
Salesforce, Inc. | - | DB:FOO |
Select Price / Book Ratio | ||||||||
Benchmark Companies | ||||||||
PEGA | ORCL | GEN | BSY | INTU | FOO | |||
NasdaqGS:PEGA | NYSE:ORCL | NasdaqGS:GEN | NasdaqGS:BSY | NasdaqGS:INTU | DB:FOO | |||
Historical Net Income Growth | ||||||||
5Y CAGR | NM- | -1.1% | NM- | 17.9% | 13.7% | 118.0% | ||
3Y CAGR | NM- | -8.7% | -4.0% | 36.1% | 12.8% | 62.5% | ||
Latest Twelve Months | 157.3% | 14.3% | -53.9% | -28.2% | 9.6% | 49.8% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | -6.1% | 22.3% | 45.0% | 17.1% | 19.0% | 9.3% | ||
Prior Fiscal Year | 4.7% | 17.0% | 40.4% | 26.6% | 16.6% | 11.9% | ||
Latest Fiscal Year | 6.6% | 19.8% | 16.2% | 17.4% | 18.2% | 16.4% | ||
Latest Twelve Months | 12.0% | 21.8% | 16.4% | 17.4% | 17.7% | 16.4% | ||
Return on Equity | ||||||||
5 Year Average Margin | -26.5% | 316.0% | 977.0% | 38.0% | 21.7% | 5.5% | ||
Prior Fiscal Year | 28.0% | 1584.9% | 122.6% | 44.9% | 14.1% | 7.0% | ||
Latest Twelve Months | 39.3% | 108.8% | 28.1% | 24.4% | 17.4% | 10.3% | ||
Next Fiscal Year | 48.6% | 120.6% | 56.8% | 33.2% | 28.7% | 17.7% | ||
Two Fiscal Years Forward | 43.3% | 73.1% | 50.8% | 30.8% | 30.3% | 19.2% | ||
Current Trading Multiples | ||||||||
Price / LTM Sales | 4.9x | 7.6x | 4.5x | 11.0x | 10.7x | 7.1x | ||
Price / LTM EPS | 40.9x | 34.7x | 27.3x | 63.2x | 60.4x | 43.3x | ||
Price / Book | 13.2x | 25.2x | 8.1x | 14.3x | 10.2x | 4.4x | ||
Price / Fwd Book | 11.6x | 21.4x | 6.6x | 11.6x | 9.3x | 4.3x | ||
Low | Mid | High | ||||||
Benchmark P/B Ratio | 8.1x | 13.2x | 25.2x | |||||
Historical P/B Ratio | 2.8x | 4.4x | 5.1x | |||||
Selected P/B Multiple | 4.8x | 5.1x | 5.4x | |||||
(x) Book Value | 61,173 | 61,173 | 61,173 |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | PEGA | ORCL | GEN | BSY | INTU | FOO | |
Value of Common Equity | 8,041 | 421,476 | 17,503 | 14,845 | 183,415 | 270,673 | |
(/) Shares Outstanding | 85.6 | 2,804.2 | 616.3 | 315.4 | 279.6 | 959.5 | |
Implied Stock Price | 93.96 | 150.30 | 28.40 | 47.06 | 656.08 | 282.11 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.12 | |
Implied Stock Price (Trading Cur) | 93.96 | 150.30 | 28.40 | 47.06 | 656.08 | 251.30 | |
Trading Currency | USD | USD | USD | USD | USD | EUR | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.12 |