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 | 10.1x - 11.2x | 10.7x |
Selected Fwd EBIT Multiple | 9.8x - 10.9x | 10.3x |
Fair Value | €43.51 - €51.37 | €47.44 |
Upside | 27.2% - 50.2% | 38.7% |
Benchmarks | Ticker | Full Ticker |
Airtel Africa Plc | AAFR.F | OTCPK:AAFR.F |
Vodacom Group Limited | VODA.F | OTCPK:VODA.F |
América Móvil, S.A.B. de C.V. | AMXO.F | OTCPK:AMXO.F |
Vodafone Group Public Limited Company | VOD | NasdaqGS:VOD |
Swisscom AG | SWZC.F | OTCPK:SWZC.F |
Millicom International Cellular S.A. | M4M1 | DB:M4M1 |
- | - | - |
Select LTM EBIT Multiple | |||||||
Benchmark Companies | |||||||
AAFR.F | VODA.F | AMXO.F | VOD | SWZC.F | M4M1 | ||
OTCPK:AAFR.F | OTCPK:VODA.F | OTCPK:AMXO.F | NasdaqGS:VOD | OTCPK:SWZC.F | DB:M4M1 | ||
Historical EBIT Growth | |||||||
5Y CAGR | 9.7% | 6.3% | 4.6% | -1.4% | 0.8% | 24.9% | |
3Y CAGR | -2.0% | 9.2% | 4.3% | -13.9% | -1.2% | 49.8% | |
Latest Twelve Months | 4.7% | -0.1% | 14.0% | 1.1% | -12.5% | 44.6% | |
Historical EBIT Profit Margin | |||||||
5 Year Average Margin | 31.6% | 23.5% | 18.1% | 10.1% | 18.9% | 13.7% | |
Prior Fiscal Year | 32.8% | 22.0% | 18.3% | 9.1% | 20.7% | 15.6% | |
Latest Fiscal Year | 29.6% | 21.7% | 19.1% | 9.0% | 18.6% | 23.8% | |
Latest Twelve Months | 30.3% | 21.7% | 18.6% | 9.0% | 16.5% | 25.4% | |
Current Trading Multiples | |||||||
EV / LTM Revenue | 2.94x | 1.80x | 1.89x | 1.35x | 3.69x | 2.22x | |
EV / LTM EBITDA | 7.2x | 5.9x | 5.6x | 5.9x | 11.7x | 5.2x | |
EV / LTM EBIT | 9.7x | 8.3x | 10.1x | 15.0x | 22.3x | 8.7x | |
Low | Mid | High | |||||
Benchmark EV / LTM EBIT | 8.3x | 10.1x | 22.3x | ||||
Historical EV / LTM EBIT | 8.1x | 11.9x | 21.7x | ||||
Selected EV / LTM EBIT | 10.1x | 10.7x | 11.2x | ||||
(x) LTM EBIT | 1,445 | 1,445 | 1,445 | ||||
(=) Implied Enterprise Value | 14,665 | 15,437 | 16,209 | ||||
(-) Non-shareholder Claims * | (6,017) | (6,017) | (6,017) | ||||
(=) Equity Value | 8,648 | 9,420 | 10,192 | ||||
(/) Shares Outstanding | 166.9 | 166.9 | 166.9 | ||||
Implied Value Range | 51.82 | 56.45 | 61.07 | ||||
FX Rate: USD/EUR | 1.2 | 1.2 | 1.2 | Market Price | |||
Implied Value Range (Trading Cur) | 44.78 | 48.78 | 52.77 | 34.20 | |||
Upside / (Downside) | 30.9% | 42.6% | 54.3% |
Equity Waterfall | |||||||
Benchmark Companies | |||||||
(in millions) | AAFR.F | VODA.F | AMXO.F | VOD | SWZC.F | M4M1 | |
Enterprise Value | 15,629 | 202,149 | 1,749,622 | 52,327 | 45,047 | 12,622 | |
(+) Cash & Short Term Investments | 719 | 26,181 | 99,639 | 17,415 | 1,047 | 534 | |
(+) Investments & Other | 6 | 53,883 | 20,597 | 10,045 | 579 | 565 | |
(-) Debt | (6,197) | (77,748) | (768,517) | (55,049) | (17,034) | (7,149) | |
(-) Other Liabilities | (305) | (11,633) | (66,040) | (1,171) | 0 | 33 | |
(-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
(-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
Value of Common Equity | 9,852 | 192,832 | 1,035,301 | 23,567 | 29,639 | 6,605 | |
(/) Shares Outstanding | 3,648.8 | 1,932.1 | 60,392.5 | 2,443.9 | 51.8 | 166.9 | |
Implied Stock Price | 2.70 | 99.80 | 17.14 | 9.64 | 572.17 | 39.58 | |
FX Conversion Rate to Trading Currency | 1.00 | 17.94 | 18.77 | 0.86 | 0.80 | 1.16 | |
Implied Stock Price (Trading Cur) | 2.70 | 5.56 | 0.91 | 11.16 | 711.03 | 34.20 | |
Trading Currency | USD | USD | USD | USD | USD | EUR | |
FX Rate to Reporting Currency | 1.00 | 17.94 | 18.77 | 0.86 | 0.80 | 1.16 |