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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | 12.5x - 13.8x | 13.1x |
Selected Fwd P/E Multiple | 13.0x - 14.3x | 13.6x |
Fair Value | €37.93 - €41.92 | €39.93 |
Upside | -14.2% - -5.2% | -9.7% |
Benchmarks | - | Full Ticker |
NIKE, Inc. | - | NEOE:NKE |
Tefron Ltd. | - | OTCPK:TFRF.F |
adidas AG | - | NEOE:ADI |
Under Armour, Inc. | - | BMV:UAA* |
Hasbro, Inc. | - | BMV:HAS* |
Gildan Activewear Inc. | - | DB:VGA |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
NKE | TFRF.F | ADI | UAA * | HAS * | VGA | |||
NEOE:NKE | OTCPK:TFRF.F | NEOE:ADI | BMV:UAA* | BMV:HAS* | DB:VGA | |||
Historical Net Income Growth | ||||||||
5Y CAGR | 4.9% | NM- | -17.0% | NM- | -5.8% | 9.1% | ||
3Y CAGR | -19.0% | 1.7% | -19.5% | NM- | -3.5% | -12.9% | ||
Latest Twelve Months | -43.5% | -5.3% | 506.1% | 221.8% | 45.1% | 16.4% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 10.6% | 4.0% | 4.1% | 3.3% | -1.9% | 12.4% | ||
Prior Fiscal Year | 11.1% | 4.5% | -0.6% | 4.1% | -29.8% | 16.7% | ||
Latest Fiscal Year | 7.0% | 5.1% | 3.2% | -3.9% | 9.3% | 12.3% | ||
Latest Twelve Months | 7.0% | 4.6% | 4.8% | 2.0% | -13.4% | 14.6% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 24.8x | 3.6x | 14.6x | 8.3x | 13.9x | 11.2x | ||
Price / LTM Sales | 2.4x | 0.3x | 1.2x | 0.4x | 2.6x | 2.3x | ||
LTM P/E Ratio | 34.0x | 6.5x | 24.7x | 21.1x | -19.1x | 15.6x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | -19.1x | 21.1x | 34.0x | |||||
Historical LTM P/E Ratio | -21.3x | 12.1x | 17.2x | |||||
Selected P/E Multiple | 12.5x | 13.1x | 13.8x | |||||
(x) LTM Net Income | 486 | 486 | 486 | |||||
(=) Equity Value | 6,057 | 6,376 | 6,694 | |||||
(/) Shares Outstanding | 149.3 | 149.3 | 149.3 | |||||
Implied Value Range | 40.56 | 42.70 | 44.83 | |||||
FX Rate: USD/EUR | 1.2 | 1.2 | 1.2 | Market Price | ||||
Implied Value Range (Trading Cur) | 34.72 | 36.55 | 38.38 | 44.20 | ||||
Upside / (Downside) | -21.4% | -17.3% | -13.2% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | NKE | TFRF.F | ADI | UAA * | HAS * | VGA | |
Value of Common Equity | 114,134 | 82 | 28,084 | 2,230 | 10,955 | 7,710 | |
(/) Shares Outstanding | 11,559.2 | 12.7 | 6,640.7 | 428.8 | 140.2 | 149.3 | |
Implied Stock Price | 9.87 | 6.46 | 4.23 | 5.20 | 78.12 | 51.64 | |
FX Conversion Rate to Trading Currency | 0.73 | 1.00 | 0.62 | 0.05 | 0.05 | 1.17 | |
Implied Stock Price (Trading Cur) | 13.59 | 6.46 | 6.80 | 96.52 | 1,450.00 | 44.20 | |
Trading Currency | CAD | USD | CAD | MXN | MXN | EUR | |
FX Rate to Reporting Currency | 0.73 | 1.00 | 0.62 | 0.05 | 0.05 | 1.17 |