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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Pb Multiple | 1.2x - 1.3x | 1.2x |
Historical Pb Multiple | 0.6x - 2.3x | 1.3x |
Fair Value | €6.83 - €7.55 | €7.19 |
Upside | 6.0% - 17.1% | 11.5% |
Benchmarks | - | Full Ticker |
American Vanguard Corporation | - | NYSE:AVD |
CVR Partners, LP | - | NYSE:UAN |
Balchem Corporation | - | NasdaqGS:BCPC |
CF Industries Holdings, Inc. | - | NYSE:CF |
OCI N.V. | - | OTCPK:OCIN.F |
LSB Industries, Inc. | - | DB:LS3 |
Select Price / Book Ratio | ||||||||
Benchmark Companies | ||||||||
AVD | UAN | BCPC | CF | OCIN.F | LS3 | |||
NYSE:AVD | NYSE:UAN | NasdaqGS:BCPC | NYSE:CF | OTCPK:OCIN.F | DB:LS3 | |||
Historical Net Income Growth | ||||||||
5Y CAGR | NM- | NM- | 10.0% | 19.8% | NM- | NM- | ||
3Y CAGR | NM- | -8.0% | 10.2% | 9.9% | NM- | NM- | ||
Latest Twelve Months | -3469.9% | 77.7% | 22.2% | 23.8% | 32.6% | -1675.5% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | -1.6% | 12.1% | 12.2% | 23.7% | 46.1% | 3.7% | ||
Prior Fiscal Year | 1.3% | 25.3% | 11.8% | 23.0% | -59.9% | 4.7% | ||
Latest Fiscal Year | -23.1% | 11.6% | 13.5% | 20.5% | -39.2% | -3.7% | ||
Latest Twelve Months | -23.7% | 15.3% | 14.5% | 20.2% | -39.2% | -6.2% | ||
Return on Equity | ||||||||
5 Year Average Margin | -3.4% | 30.6% | 11.2% | 34.2% | -19.1% | -13.2% | ||
Prior Fiscal Year | 2.0% | 48.3% | 10.9% | 28.3% | -34.9% | 5.4% | ||
Latest Twelve Months | -43.0% | 28.4% | 12.0% | 25.0% | -24.1% | -6.5% | ||
Next Fiscal Year | 10.8% | 28.2% | 13.9% | 31.0% | 0.5% | 6.5% | ||
Two Fiscal Years Forward | 16.6% | 27.4% | 13.8% | 24.6% | 0.6% | 5.9% | ||
Current Trading Multiples | ||||||||
Price / LTM Sales | 0.3x | 1.7x | 5.4x | 2.1x | 1.9x | 1.0x | ||
Price / LTM EPS | -1.1x | 10.8x | 37.2x | 10.6x | -4.8x | -16.4x | ||
Price / Book | 0.6x | 3.0x | 4.2x | 2.8x | 0.8x | 1.1x | ||
Price / Fwd Book | 0.6x | 3.1x | 4.2x | 2.9x | 0.8x | 1.1x | ||
Low | Mid | High | ||||||
Benchmark P/B Ratio | 0.6x | 2.8x | 4.2x | |||||
Historical P/B Ratio | 0.6x | 1.3x | 2.3x | |||||
Selected P/B Multiple | 1.2x | 1.2x | 1.3x | |||||
(x) Book Value | 496 | 496 | 496 |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | AVD | UAN | BCPC | CF | OCIN.F | LS3 | |
Value of Common Equity | 145 | 950 | 5,221 | 13,428 | 1,835 | 543 | |
(/) Shares Outstanding | 28.4 | 10.6 | 32.5 | 162.0 | 210.9 | 71.9 | |
Implied Stock Price | 5.10 | 89.89 | 160.87 | 82.90 | 8.70 | 7.55 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.17 | |
Implied Stock Price (Trading Cur) | 5.10 | 89.89 | 160.87 | 82.90 | 8.70 | 6.45 | |
Trading Currency | USD | USD | USD | USD | USD | EUR | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.17 |