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 EBITDA Multiple | -0.2x - -0.2x | -0.2x |
Selected Fwd EBITDA Multiple | 0.2x - 0.2x | 0.2x |
Fair Value | $3.53 - $3.56 | $3.54 |
Upside | 41.2% - 42.2% | 41.7% |
Benchmarks | Ticker | Full Ticker |
Haivision Systems Inc. | HAIV.F | OTCPK:HAIV.F |
Harmonic Inc. | HLIT | NasdaqGS:HLIT |
Clearfield, Inc. | CLFD | NasdaqGM:CLFD |
Viavi Solutions Inc. | VIAV | NasdaqGS:VIAV |
Comtech Telecommunications Corp. | CMTL | NasdaqGS:CMTL |
Vislink Technologies, Inc. | VISL | OTCPK:VISL |
- | - | - |
Select LTM EBITDA Multiple | |||||||
Benchmark Companies | |||||||
HAIV.F | HLIT | CLFD | VIAV | CMTL | VISL | ||
OTCPK:HAIV.F | NasdaqGS:HLIT | NasdaqGM:CLFD | NasdaqGS:VIAV | NasdaqGS:CMTL | OTCPK:VISL | ||
Historical EBITDA Growth | |||||||
5Y CAGR | 8.9% | 23.1% | NM- | -15.1% | -14.1% | NM- | |
3Y CAGR | -1.1% | 47.8% | NM- | -29.4% | -18.8% | NM- | |
Latest Twelve Months | -55.4% | 155.8% | -165.0% | -23.2% | -118.3% | 28.7% | |
Historical EBITDA Profit Margin | |||||||
5 Year Average Margin | 6.9% | 7.2% | 13.0% | 15.8% | 7.8% | -43.1% | |
Prior Fiscal Year | 4.7% | 6.8% | 16.1% | 13.9% | 7.2% | -45.7% | |
Latest Fiscal Year | 7.0% | 15.5% | -9.5% | 8.3% | 6.6% | -35.8% | |
Latest Twelve Months | 3.5% | 15.5% | -6.8% | 8.0% | -1.7% | -28.3% | |
Current Trading Multiples | |||||||
EV / LTM Revenue | 0.95x | 1.51x | 1.36x | 2.35x | 0.78x | -0.06x | |
EV / LTM EBITDA | 27.3x | 9.7x | -19.9x | 29.6x | -44.5x | 0.2x | |
EV / LTM EBIT | 114.5x | 11.0x | -12.0x | 102.2x | -8.8x | 0.2x | |
Low | Mid | High | |||||
Benchmark EV / LTM EBITDA | -44.5x | 9.7x | 29.6x | ||||
Historical EV / LTM EBITDA | -2.1x | -0.6x | 0.6x | ||||
Selected EV / LTM EBITDA | -0.2x | -0.2x | -0.2x | ||||
(x) LTM EBITDA | (9) | (9) | (9) | ||||
(=) Implied Enterprise Value | 2 | 2 | 2 | ||||
(-) Non-shareholder Claims * | 8 | 8 | 8 | ||||
(=) Equity Value | 10 | 10 | 10 | ||||
(/) Shares Outstanding | 2.5 | 2.5 | 2.5 | ||||
Implied Value Range | 3.99 | 4.03 | 4.06 | ||||
FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | |||
Implied Value Range (Trading Cur) | 3.99 | 4.03 | 4.06 | 2.50 | |||
Upside / (Downside) | 59.5% | 61.0% | 62.5% |
Equity Waterfall | |||||||
Benchmark Companies | |||||||
(in millions) | HAIV.F | HLIT | CLFD | VIAV | CMTL | VISL | |
Enterprise Value | 109 | 1,022 | 228 | 2,365 | 387 | (2) | |
(+) Cash & Short Term Investments | 17 | 101 | 113 | 509 | 27 | 9 | |
(+) Investments & Other | 0 | 0 | 42 | 3 | 0 | 0 | |
(-) Debt | (13) | (148) | (24) | (688) | (251) | (1) | |
(-) Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | |
(-) Preferred Stock | 0 | 0 | 0 | 0 | (122) | 0 | |
(-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
Value of Common Equity | 113 | 975 | 359 | 2,190 | 40 | 6 | |
(/) Shares Outstanding | 28.1 | 117.1 | 14.1 | 222.1 | 29.3 | 2.5 | |
Implied Stock Price | 4.00 | 8.33 | 25.41 | 9.86 | 1.36 | 2.50 | |
FX Conversion Rate to Trading Currency | 1.42 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 2.81 | 8.33 | 25.41 | 9.86 | 1.36 | 2.50 | |
Trading Currency | USD | USD | USD | USD | USD | USD | |
FX Rate to Reporting Currency | 1.42 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |