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 | 15.9x - 17.6x | 16.7x |
| Selected Fwd EBIT Multiple | 16.7x - 18.5x | 17.6x |
| Fair Value | €8.43 - €9.31 | €8.87 |
| Upside | -5.2% - 4.6% | -0.3% |
| Benchmarks | Ticker | Full Ticker |
| Nasdaq, Inc. | NDAQ | NasdaqGS:NDAQ |
| Intercontinental Exchange, Inc. | ICE | NYSE:ICE |
| Hong Kong Exchanges and Clearing Limited | 388 | SEHK:388 |
| TMX Group Limited | X | TSX:X |
| Singapore Exchange Limited | S68 | SGX:S68 |
| Japan Exchange Group, Inc. | OSK | DB:OSK |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| NDAQ | ICE | 388 | X | S68 | OSK | ||
| NasdaqGS:NDAQ | NYSE:ICE | SEHK:388 | TSX:X | SGX:S68 | DB:OSK | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | 12.0% | 10.6% | 6.2% | 10.9% | 5.7% | 6.2% | |
| 3Y CAGR | 7.3% | 7.6% | 0.5% | 9.7% | 11.3% | 7.2% | |
| Latest Twelve Months | 18.2% | 14.0% | 35.4% | 27.1% | 22.4% | 8.0% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 27.4% | 49.9% | 68.7% | 47.1% | 50.4% | 53.9% | |
| Prior Fiscal Year | 30.3% | 49.7% | 66.8% | 45.6% | 49.3% | 56.3% | |
| Latest Fiscal Year | 27.1% | 47.7% | 68.3% | 44.4% | 54.2% | 54.9% | |
| Latest Twelve Months | 27.8% | 49.4% | 71.4% | 45.1% | 54.2% | 54.4% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 7.38x | 12.03x | 11.16x | 10.71x | 12.15x | 9.47x | |
| EV / LTM EBITDA | 20.9x | 19.4x | 15.2x | 19.4x | 21.7x | 14.5x | |
| EV / LTM EBIT | 26.6x | 24.3x | 15.6x | 23.7x | 22.4x | 17.4x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | 15.6x | 23.7x | 26.6x | ||||
| Historical EV / LTM EBIT | 14.2x | 17.4x | 24.8x | ||||
| Selected EV / LTM EBIT | 15.9x | 16.7x | 17.6x | ||||
| (x) LTM EBIT | 91,074 | 91,074 | 91,074 | ||||
| (=) Implied Enterprise Value | 1,446,498 | 1,522,629 | 1,598,760 | ||||
| (-) Non-shareholder Claims * | 18,918 | 18,918 | 18,918 | ||||
| (=) Equity Value | 1,465,416 | 1,541,547 | 1,617,678 | ||||
| (/) Shares Outstanding | 1,023.8 | 1,023.8 | 1,023.8 | ||||
| Implied Value Range | 1,431.32 | 1,505.68 | 1,580.04 | ||||
| FX Rate: JPY/EUR | 174.3 | 174.3 | 174.3 | Market Price | |||
| Implied Value Range (Trading Cur) | 8.21 | 8.64 | 9.07 | 8.90 | |||
| Upside / (Downside) | -7.7% | -2.9% | 1.9% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | NDAQ | ICE | 388 | X | S68 | OSK | |
| Enterprise Value | 61,772 | 116,843 | 273,060 | 16,998 | 16,498 | 1,569,019 | |
| (+) Cash & Short Term Investments | 743 | 1,003 | 282,456 | 466 | 1,509 | 61,839 | |
| (+) Investments & Other | 600 | 503 | 7,468 | 3 | 679 | 20,422 | |
| (-) Debt | (9,688) | (19,666) | (1,268) | (2,099) | (688) | (52,488) | |
| (-) Other Liabilities | (7) | (83) | (541) | (214) | 0 | (10,855) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 53,420 | 98,600 | 561,175 | 15,154 | 17,998 | 1,587,937 | |
| (/) Shares Outstanding | 573.8 | 572.4 | 1,263.9 | 278.2 | 1,070.7 | 1,023.8 | |
| Implied Stock Price | 93.10 | 172.25 | 444.00 | 54.48 | 16.81 | 1,550.99 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 174.27 | |
| Implied Stock Price (Trading Cur) | 93.10 | 172.25 | 444.00 | 54.48 | 16.81 | 8.90 | |
| Trading Currency | USD | USD | HKD | CAD | SGD | EUR | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 174.27 | |