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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Revenue Multiple | 5.7x - 6.3x | 6.0x |
Selected Fwd Revenue Multiple | 5.8x - 6.4x | 6.1x |
Fair Value | $0.032 - $0.076 | $0.054 |
Upside | -23.1% - 83.7% | 30.3% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
Intuit Inc. | INTU | NasdaqGS:INTU |
Informatica Inc. | INFA | NYSE:INFA |
Enfusion, Inc. | ENFN | NYSE:ENFN |
Teradata Corporation | TDC | NYSE:TDC |
NetSol Technologies, Inc. | NTWK | NasdaqCM:NTWK |
Remark Holdings, Inc. | MARK | OTCPK:MARK |
Select LTM Revenue Multiple | ||||||||
Benchmark Companies | ||||||||
INTU | INFA | ENFN | TDC | NTWK | MARK | |||
NasdaqGS:INTU | NYSE:INFA | NYSE:ENFN | NYSE:TDC | NasdaqCM:NTWK | OTCPK:MARK | |||
Historical Revenue Growth | ||||||||
5Y CAGR | 19.1% | 4.7% | 27.8% | -1.6% | -2.0% | -15.2% | ||
3Y CAGR | 19.1% | 4.3% | 21.8% | -3.0% | 3.8% | -24.3% | ||
Latest Twelve Months | 13.7% | 2.8% | 15.5% | -4.5% | 9.3% | -20.2% | ||
Historical EBIT Profit Margin | ||||||||
5 Year Average Margin | 24.0% | 4.3% | -51.9% | 7.8% | -1.3% | -243.5% | ||
Prior Fiscal Year | 21.9% | 5.9% | 6.8% | 9.8% | -16.8% | -182.6% | ||
Latest Fiscal Year | 23.7% | 8.5% | 3.1% | 11.7% | 5.7% | -365.3% | ||
Latest Twelve Months | 23.6% | 8.5% | 3.1% | 11.7% | 1.4% | -337.5% | ||
Current Trading Multiples | ||||||||
EV / LTM Revenue | 10.01x | 3.72x | 5.18x | 1.33x | 0.34x | 5.74x | ||
EV / LTM EBIT | 42.4x | 43.8x | 169.7x | 11.4x | 24.0x | -1.7x | ||
Price / LTM Sales | 9.75x | 3.34x | 7.10x | 1.24x | 0.45x | 0.56x | ||
Low | Mid | High | ||||||
Benchmark EV / LTM Revenue | 0.34x | 3.72x | 10.01x | |||||
Historical EV / LTM Revenue | 1.62x | 6.11x | 33.59x | |||||
Selected EV / LTM Revenue | 5.71x | 6.02x | 6.32x | |||||
(x) LTM Revenue | 5 | 5 | 5 | |||||
(=) Implied Enterprise Value | 26 | 28 | 29 | |||||
(-) Non-shareholder Claims * | (24) | (24) | (24) | |||||
(=) Equity Value | 2 | 4 | 5 | |||||
(/) Shares Outstanding | 62.1 | 62.1 | 62.1 | |||||
Implied Value Range | 0.04 | 0.06 | 0.08 | |||||
FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 0.04 | 0.06 | 0.08 | 0.04 | ||||
Upside / (Downside) | -4.6% | 49.8% | 104.3% |
Equity Waterfall | |||||||
Benchmark Companies | |||||||
(in millions) | INTU | INFA | ENFN | TDC | NTWK | MARK | |
Enterprise Value | 171,780 | 6,095 | 1,044 | 2,321 | 21 | 27 | |
(+) Cash & Short Term Investments | 2,459 | 1,232 | 54 | 420 | 21 | 0 | |
(+) Investments & Other | 88 | 14 | 0 | 9 | 0 | 0 | |
(-) Debt | (6,892) | (1,861) | (20) | (576) | (10) | (24) | |
(-) Other Liabilities | 0 | 0 | (26) | 0 | (5) | 0 | |
(-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
(-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
Value of Common Equity | 167,435 | 5,480 | 1,052 | 2,174 | 28 | 3 | |
(/) Shares Outstanding | 279.6 | 302.6 | 94.8 | 94.6 | 11.7 | 62.1 | |
Implied Stock Price | 598.92 | 18.11 | 11.10 | 22.98 | 2.37 | 0.04 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 598.92 | 18.11 | 11.10 | 22.98 | 2.37 | 0.04 | |
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 |