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 | 26.7x - 29.5x | 28.1x |
Selected Fwd EBIT Multiple | 26.5x - 29.3x | 27.9x |
Fair Value | €172.63 - €191.17 | €181.90 |
Upside | -8.2% - 1.7% | -3.2% |
Benchmarks | Ticker | Full Ticker |
Church & Dwight Co., Inc. | CHD | NYSE:CHD |
Kimberly-Clark Corporation | KMB | NasdaqGS:KMB |
The Procter & Gamble Company | PG | NYSE:PG |
Colgate-Palmolive Company | CL | NYSE:CL |
Reynolds Consumer Products Inc. | REYN | NasdaqGS:REYN |
WD-40 Company | WD1 | DB:WD1 |
- | - | - |
Select LTM EBIT Multiple | |||||||
Benchmark Companies | |||||||
CHD | KMB | PG | CL | REYN | WD1 | ||
NYSE:CHD | NasdaqGS:KMB | NYSE:PG | NYSE:CL | NasdaqGS:REYN | DB:WD1 | ||
Historical EBIT Growth | |||||||
5Y CAGR | 6.7% | -0.4% | 6.1% | 3.1% | 1.5% | 3.2% | |
3Y CAGR | 5.5% | 3.9% | 5.4% | 3.7% | 4.7% | 2.7% | |
Latest Twelve Months | -3.1% | 4.6% | 3.2% | 0.1% | -7.0% | 4.5% | |
Historical EBIT Profit Margin | |||||||
5 Year Average Margin | 18.7% | 15.0% | 24.3% | 21.2% | 14.0% | 17.3% | |
Prior Fiscal Year | 18.0% | 13.9% | 24.9% | 20.3% | 13.6% | 16.7% | |
Latest Fiscal Year | 19.1% | 15.9% | 25.6% | 21.1% | 14.9% | 16.3% | |
Latest Twelve Months | 17.8% | 15.3% | 25.6% | 21.1% | 14.4% | 16.3% | |
Current Trading Multiples | |||||||
EV / LTM Revenue | 3.91x | 2.60x | 4.63x | 3.80x | 1.74x | 4.94x | |
EV / LTM EBITDA | 17.7x | 13.4x | 16.0x | 15.8x | 9.7x | 28.0x | |
EV / LTM EBIT | 22.0x | 17.0x | 18.1x | 18.0x | 12.1x | 30.3x | |
Low | Mid | High | |||||
Benchmark EV / LTM EBIT | 12.1x | 18.0x | 22.0x | ||||
Historical EV / LTM EBIT | 33.0x | 35.1x | 38.0x | ||||
Selected EV / LTM EBIT | 26.7x | 28.1x | 29.5x | ||||
(x) LTM EBIT | 100 | 100 | 100 | ||||
(=) Implied Enterprise Value | 2,665 | 2,806 | 2,946 | ||||
(-) Non-shareholder Claims * | (55) | (55) | (55) | ||||
(=) Equity Value | 2,611 | 2,751 | 2,891 | ||||
(/) Shares Outstanding | 13.5 | 13.5 | 13.5 | ||||
Implied Value Range | 192.90 | 203.26 | 213.63 | ||||
FX Rate: USD/EUR | 1.2 | 1.2 | 1.2 | Market Price | |||
Implied Value Range (Trading Cur) | 166.20 | 175.13 | 184.06 | 188.00 | |||
Upside / (Downside) | -11.6% | -6.8% | -2.1% |
Equity Waterfall | |||||||
Benchmark Companies | |||||||
(in millions) | CHD | KMB | PG | CL | REYN | WD1 | |
Enterprise Value | 23,624 | 49,186 | 387,596 | 76,144 | 6,480 | 3,008 | |
(+) Cash & Short Term Investments | 923 | 634 | 9,556 | 1,412 | 65 | 52 | |
(+) Investments & Other | 11 | 2,765 | 0 | 0 | 0 | 0 | |
(-) Debt | (2,410) | (7,278) | (36,526) | (8,758) | (1,739) | (106) | |
(-) Other Liabilities | 0 | (132) | (272) | (350) | 0 | 0 | |
(-) Preferred Stock | 0 | 0 | (777) | 0 | 0 | 0 | |
(-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
Value of Common Equity | 22,149 | 45,175 | 359,577 | 68,448 | 4,806 | 2,953 | |
(/) Shares Outstanding | 243.6 | 331.8 | 2,342.4 | 808.2 | 210.3 | 13.5 | |
Implied Stock Price | 90.92 | 136.16 | 153.51 | 84.69 | 22.85 | 218.20 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.16 | |
Implied Stock Price (Trading Cur) | 90.92 | 136.16 | 153.51 | 84.69 | 22.85 | 188.00 | |
Trading Currency | USD | USD | USD | USD | USD | EUR | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.16 |