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 | 9.6x - 10.6x | 10.1x |
| Selected Fwd EBIT Multiple | 6.2x - 6.9x | 6.5x |
| Fair Value | $7.53 - $8.01 | $7.77 |
| Upside | -4.0% - 2.1% | -1.0% |
| Benchmarks | Ticker | Full Ticker |
| JVCKENWOOD Corporation | 6632 | TSE:6632 |
| Kawai Musical Instruments Manufacturing Co., Ltd. | 7952 | TSE:7952 |
| Garmin Ltd. | GRMN | NYSE:GRMN |
| Roland Corporation | 7944 | TSE:7944 |
| Yamaha Corporation | 7951 | TSE:7951 |
| Casio Computer Co.,Ltd. | CSIO.F | OTCPK:CSIO.F |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| 6632 | 7952 | GRMN | 7944 | 7951 | CSIO.F | ||
| TSE:6632 | TSE:7952 | NYSE:GRMN | TSE:7944 | TSE:7951 | OTCPK:CSIO.F | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | 33.6% | -36.0% | 11.0% | 13.6% | -3.9% | -13.3% | |
| 3Y CAGR | 48.9% | -63.8% | 9.4% | -3.6% | -5.5% | -13.5% | |
| Latest Twelve Months | -4.8% | -90.3% | 40.6% | -13.9% | -11.7% | -6.8% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 4.4% | 4.7% | 23.4% | 11.6% | 9.2% | 6.9% | |
| Prior Fiscal Year | 5.5% | 4.1% | 20.9% | 11.6% | 7.4% | 5.3% | |
| Latest Fiscal Year | 6.6% | 0.4% | 25.3% | 10.0% | 8.0% | 5.4% | |
| Latest Twelve Months | 5.5% | 0.4% | 26.0% | 9.8% | 7.1% | 5.2% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 0.54x | 0.12x | 6.01x | 0.92x | 0.70x | 0.65x | |
| EV / LTM EBITDA | 5.3x | 4.1x | 20.9x | 7.2x | 6.7x | 6.8x | |
| EV / LTM EBIT | 9.8x | 27.8x | 23.1x | 9.4x | 9.7x | 12.6x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | 9.4x | 9.8x | 27.8x | ||||
| Historical EV / LTM EBIT | 8.9x | 12.5x | 25.9x | ||||
| Selected EV / LTM EBIT | 9.6x | 10.1x | 10.6x | ||||
| (x) LTM EBIT | 13,437 | 13,437 | 13,437 | ||||
| (=) Implied Enterprise Value | 129,137 | 135,934 | 142,731 | ||||
| (-) Non-shareholder Claims * | 100,112 | 100,112 | 100,112 | ||||
| (=) Equity Value | 229,249 | 236,046 | 242,843 | ||||
| (/) Shares Outstanding | 228.0 | 228.0 | 228.0 | ||||
| Implied Value Range | 1,005.28 | 1,035.08 | 1,064.89 | ||||
| FX Rate: JPY/USD | 147.3 | 147.3 | 147.3 | Market Price | |||
| Implied Value Range (Trading Cur) | 6.82 | 7.03 | 7.23 | 7.85 | |||
| Upside / (Downside) | -13.1% | -10.5% | -7.9% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | 6632 | 7952 | GRMN | 7944 | 7951 | CSIO.F | |
| Enterprise Value | 188,834 | 8,927 | 40,606 | 91,846 | 316,086 | 163,562 | |
| (+) Cash & Short Term Investments | 49,318 | 13,300 | 2,587 | 17,116 | 106,009 | 137,976 | |
| (+) Investments & Other | 8,847 | 8,792 | 1,286 | 683 | 53,713 | 4,540 | |
| (-) Debt | (53,433) | (8,446) | (190) | (26,692) | (29,074) | (42,353) | |
| (-) Other Liabilities | (5,797) | 0 | 0 | (247) | (1,237) | (51) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 187,769 | 22,573 | 44,289 | 82,706 | 445,497 | 263,674 | |
| (/) Shares Outstanding | 146.5 | 8.6 | 192.5 | 26.1 | 453.4 | 228.0 | |
| Implied Stock Price | 1,282.00 | 2,625.00 | 230.08 | 3,165.00 | 982.60 | 1,156.23 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 147.31 | |
| Implied Stock Price (Trading Cur) | 1,282.00 | 2,625.00 | 230.08 | 3,165.00 | 982.60 | 7.85 | |
| Trading Currency | JPY | JPY | USD | JPY | JPY | USD | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 147.31 | |