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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | 14.9x - 16.5x | 15.7x |
Selected Fwd P/E Multiple | 9.2x - 10.1x | 9.6x |
Fair Value | $36.83 - $40.70 | $38.76 |
Upside | 24.8% - 37.9% | 31.4% |
Benchmarks | - | Full Ticker |
Pure Storage, Inc. | - | NYSE:PSTG |
One Stop Systems, Inc. | - | NasdaqCM:OSS |
Dell Technologies Inc. | - | NYSE:DELL |
Hewlett Packard Enterprise Company | - | NYSE:HPE |
NetApp, Inc. | - | NasdaqGS:NTAP |
Super Micro Computer, Inc. | - | NasdaqGS:SMCI |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
PSTG | OSS | DELL | HPE | NTAP | SMCI | |||
NYSE:PSTG | NasdaqCM:OSS | NYSE:DELL | NYSE:HPE | NasdaqGS:NTAP | NasdaqGS:SMCI | |||
Historical Net Income Growth | ||||||||
5Y CAGR | NM- | NM- | 54.3% | 19.5% | -3.3% | 74.2% | ||
3Y CAGR | NM- | NM- | -2.5% | -9.3% | 10.5% | 117.6% | ||
Latest Twelve Months | 74.1% | -103.0% | 35.5% | 44.7% | 21.0% | 97.3% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | -4.0% | -4.5% | 4.0% | 5.6% | 15.9% | 5.6% | ||
Prior Fiscal Year | 2.2% | -11.0% | 3.8% | 7.0% | 20.0% | 9.0% | ||
Latest Fiscal Year | 3.4% | -24.9% | 4.8% | 8.5% | 15.7% | 7.7% | ||
Latest Twelve Months | 3.4% | -24.9% | 4.8% | 8.9% | 17.5% | 6.9% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 51.5x | -3.1x | 8.2x | 4.7x | 10.4x | 11.3x | ||
Price / LTM Sales | 4.1x | 0.8x | 0.6x | 0.6x | 2.6x | 0.8x | ||
LTM P/E Ratio | 121.6x | -3.3x | 12.9x | 7.2x | 14.8x | 12.1x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | -3.3x | 12.9x | 121.6x | |||||
Historical LTM P/E Ratio | 11.4x | 19.3x | 45.7x | |||||
Selected P/E Multiple | 14.9x | 15.7x | 16.5x | |||||
(x) LTM Net Income | 1,445 | 1,445 | 1,445 | |||||
(=) Equity Value | 21,583 | 22,719 | 23,855 | |||||
(/) Shares Outstanding | 593.5 | 593.5 | 593.5 | |||||
Implied Value Range | 36.37 | 38.28 | 40.20 | |||||
FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 36.37 | 38.28 | 40.20 | 29.51 | ||||
Upside / (Downside) | 23.2% | 29.7% | 36.2% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | PSTG | OSS | DELL | HPE | NTAP | SMCI | |
Value of Common Equity | 13,109 | 44 | 57,129 | 19,467 | 16,615 | 17,514 | |
(/) Shares Outstanding | 326.0 | 21.3 | 697.8 | 1,313.6 | 203.4 | 593.5 | |
Implied Stock Price | 40.21 | 2.07 | 81.87 | 14.82 | 81.68 | 29.51 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 40.21 | 2.07 | 81.87 | 14.82 | 81.68 | 29.51 | |
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 |