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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | -4.1x - -4.5x | -4.3x |
Selected Fwd P/E Multiple | -78.1x - -86.3x | -82.2x |
Fair Value | $5.14 - $5.68 | $5.41 |
Upside | -20.1% - -11.7% | -15.9% |
Benchmarks | - | Full Ticker |
ThredUp Inc. | - | NasdaqGS:TDUP |
Amazon.com, Inc. | - | NasdaqGS:AMZN |
Barnes & Noble Education, Inc. | - | NYSE:BNED |
Lazydays Holdings, Inc. | - | NasdaqCM:GORV |
Petco Health and Wellness Company, Inc. | - | NasdaqGS:WOOF |
The RealReal, Inc. | - | NasdaqGS:REAL |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
TDUP | AMZN | BNED | GORV | WOOF | REAL | |||
NasdaqGS:TDUP | NasdaqGS:AMZN | NYSE:BNED | NasdaqCM:GORV | NasdaqGS:WOOF | NasdaqGS:REAL | |||
Historical Net Income Growth | ||||||||
5Y CAGR | NM- | 38.6% | NM- | NM- | NM- | NM- | ||
3Y CAGR | NM- | 21.1% | NM- | NM- | NM- | NM- | ||
Latest Twelve Months | 23.6% | 75.0% | 8.9% | -62.7% | 92.0% | 20.3% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | -26.7% | 5.1% | -5.9% | -1.4% | -3.8% | -38.9% | ||
Prior Fiscal Year | -20.3% | 5.3% | -5.8% | -10.6% | -20.5% | -30.7% | ||
Latest Fiscal Year | -15.4% | 9.3% | -4.0% | -21.5% | -1.7% | -22.3% | ||
Latest Twelve Months | -15.4% | 10.1% | -4.5% | -21.5% | -1.7% | -22.3% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | -22.9x | 16.1x | 9.7x | -12.5x | 16.9x | -49.5x | ||
Price / LTM Sales | 2.0x | 3.0x | 0.2x | 0.0x | 0.1x | 1.3x | ||
LTM P/E Ratio | -13.1x | 29.8x | -5.0x | -0.1x | -8.3x | -5.8x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | -13.1x | -5.0x | 29.8x | |||||
Historical LTM P/E Ratio | -11.7x | -4.6x | -0.6x | |||||
Selected P/E Multiple | -4.1x | -4.3x | -4.5x | |||||
(x) LTM Net Income | (134) | (134) | (134) | |||||
(=) Equity Value | 549 | 578 | 606 | |||||
(/) Shares Outstanding | 113.1 | 113.1 | 113.1 | |||||
Implied Value Range | 4.85 | 5.11 | 5.36 | |||||
FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 4.85 | 5.11 | 5.36 | 6.43 | ||||
Upside / (Downside) | -24.5% | -20.6% | -16.6% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | TDUP | AMZN | BNED | GORV | WOOF | REAL | |
Value of Common Equity | 523 | 1,978,357 | 351 | 21 | 882 | 727 | |
(/) Shares Outstanding | 117.8 | 10,616.4 | 34.1 | 110.1 | 277.3 | 113.1 | |
Implied Stock Price | 4.44 | 186.35 | 10.30 | 0.19 | 3.18 | 6.43 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 4.44 | 186.35 | 10.30 | 0.19 | 3.18 | 6.43 | |
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 |