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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | -26.1x - -28.8x | -27.4x |
Selected Fwd P/E Multiple | 54.7x - 60.4x | 57.6x |
Fair Value | $32.59 - $36.02 | $34.30 |
Upside | 12.7% - 24.6% | 18.6% |
Benchmarks | - | Full Ticker |
UiPath Inc. | - | NYSE:PATH |
ServiceNow, Inc. | - | NYSE:NOW |
Microsoft Corporation | - | NasdaqGS:MSFT |
NICE Ltd. | - | OTCPK:NCSY.F |
Magic Software Enterprises Ltd. | - | NasdaqGS:MGIC |
Appian Corporation | - | NasdaqGM:APPN |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
PATH | NOW | MSFT | NCSY.F | MGIC | APPN | |||
NYSE:PATH | NYSE:NOW | NasdaqGS:MSFT | OTCPK:NCSY.F | NasdaqGS:MGIC | NasdaqGM:APPN | |||
Historical Net Income Growth | ||||||||
5Y CAGR | NM- | 17.8% | 17.6% | 18.9% | 23.6% | NM- | ||
3Y CAGR | NM- | 83.7% | 12.9% | 30.5% | 7.4% | NM- | ||
Latest Twelve Months | 18.0% | -17.7% | 12.4% | 30.8% | -0.4% | 17.2% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | -26.8% | 10.1% | 35.1% | 12.8% | 7.8% | -21.3% | ||
Prior Fiscal Year | -6.9% | 19.3% | 34.1% | 14.2% | 6.9% | -20.4% | ||
Latest Fiscal Year | -5.2% | 13.0% | 36.0% | 16.2% | 6.7% | -15.0% | ||
Latest Twelve Months | -5.2% | 13.0% | 35.4% | 16.2% | 6.7% | -15.0% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | -33.7x | 81.4x | 20.2x | 11.6x | 7.9x | -52.2x | ||
Price / LTM Sales | 4.1x | 15.2x | 10.9x | 3.6x | 1.2x | 3.5x | ||
LTM P/E Ratio | -78.6x | 117.3x | 30.6x | 22.0x | 17.7x | -23.2x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | -78.6x | 22.0x | 117.3x | |||||
Historical LTM P/E Ratio | -299.6x | -23.2x | -16.6x | |||||
Selected P/E Multiple | -26.1x | -27.4x | -28.8x | |||||
(x) LTM Net Income | (92) | (92) | (92) | |||||
(=) Equity Value | 2,404 | 2,530 | 2,657 | |||||
(/) Shares Outstanding | 74.0 | 74.0 | 74.0 | |||||
Implied Value Range | 32.46 | 34.17 | 35.88 | |||||
FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 32.46 | 34.17 | 35.88 | 28.91 | ||||
Upside / (Downside) | 12.3% | 18.2% | 24.1% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | PATH | NOW | MSFT | NCSY.F | MGIC | APPN | |
Value of Common Equity | 5,791 | 167,181 | 2,841,194 | 9,751 | 652 | 2,141 | |
(/) Shares Outstanding | 551.5 | 206.0 | 7,434.0 | 63.2 | 49.1 | 74.0 | |
Implied Stock Price | 10.50 | 811.56 | 382.19 | 154.17 | 13.28 | 28.91 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 10.50 | 811.56 | 382.19 | 154.17 | 13.28 | 28.91 | |
Trading Currency | USD | USD | USD | USD | USD | USD | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |