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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Revenue Multiple | 0.1x - 0.1x | 0.1x |
Selected Fwd Revenue Multiple | 0.0x - 0.0x | 0.0x |
Fair Value | $0.17 - $0.17 | $0.17 |
Upside | 21.7% - 23.8% | 22.7% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
Catena Media plc | 0RUE | LSE:0RUE |
Gambling.com Group Limited | GAMB | NasdaqGM:GAMB |
Better Collective A/S | BETCOS | BATS-CHIXE:BETCOS |
Audioboom Group plc | BOOM | AIM:BOOM |
BioRegenx, Inc. | BRGX | OTCPK:BRGX |
XLMedia PLC | XLMD.F | OTCPK:XLMD.F |
Select LTM Revenue Multiple | ||||||||
Benchmark Companies | ||||||||
0RUE | GAMB | BETCOS | BOOM | BRGX | XLMD.F | |||
LSE:0RUE | NasdaqGM:GAMB | BATS-CHIXE:BETCOS | AIM:BOOM | OTCPK:BRGX | OTCPK:XLMD.F | |||
Historical Revenue Growth | ||||||||
5Y CAGR | -13.6% | 45.9% | 40.7% | 43.3% | NM- | -11.7% | ||
3Y CAGR | -21.6% | 44.3% | 28.0% | 34.4% | -85.8% | -2.8% | ||
Latest Twelve Months | -35.3% | 17.1% | 13.7% | 2.4% | -182.8% | -1.9% | ||
Historical EBIT Profit Margin | ||||||||
5 Year Average Margin | 28.9% | 26.8% | 26.8% | -11.9% | 28.2% | 10.8% | ||
Prior Fiscal Year | 18.3% | 27.0% | 25.4% | -0.9% | -185.7% | 15.2% | ||
Latest Fiscal Year | -4.4% | 29.7% | 19.5% | -25.6% | -493.0% | 4.6% | ||
Latest Twelve Months | -4.4% | 29.7% | 19.5% | -10.9% | 163.4% | 1.5% | ||
Current Trading Multiples | ||||||||
EV / LTM Revenue | 0.62x | 3.55x | 2.59x | 1.47x | -14.24x | -0.05x | ||
EV / LTM EBIT | -14.0x | 11.9x | 13.3x | -13.4x | -8.7x | -3.2x | ||
Price / LTM Sales | 0.33x | 3.44x | 1.71x | 1.50x | -11.73x | 0.42x | ||
Low | Mid | High | ||||||
Benchmark EV / LTM Revenue | -14.24x | 1.47x | 3.55x | |||||
Historical EV / LTM Revenue | 0.42x | 1.04x | 1.67x | |||||
Selected EV / LTM Revenue | 0.09x | 0.10x | 0.10x | |||||
(x) LTM Revenue | 44 | 44 | 44 | |||||
(=) Implied Enterprise Value | 4 | 4 | 4 | |||||
(-) Non-shareholder Claims * | 20 | 20 | 20 | |||||
(=) Equity Value | 24 | 24 | 24 | |||||
(/) Shares Outstanding | 137.7 | 137.7 | 137.7 | |||||
Implied Value Range | 0.17 | 0.18 | 0.18 | |||||
FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 0.17 | 0.18 | 0.18 | 0.14 | ||||
Upside / (Downside) | 23.2% | 24.3% | 25.4% |
Equity Waterfall | |||||||
Benchmark Companies | |||||||
(in millions) | 0RUE | GAMB | BETCOS | BOOM | BRGX | XLMD.F | |
Enterprise Value | 30 | 455 | 1,546 | 99 | 12 | (0) | |
(+) Cash & Short Term Investments | 8 | 14 | 38 | 3 | 0 | 20 | |
(+) Investments & Other | 1 | 0 | 0 | 0 | 0 | 0 | |
(-) Debt | (22) | (28) | (346) | (1) | (2) | (0) | |
(-) Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | |
(-) Preferred Stock | 0 | 0 | 0 | 0 | (0) | 0 | |
(-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
Value of Common Equity | 17 | 440 | 1,238 | 101 | 10 | 19 | |
(/) Shares Outstanding | 75.7 | 34.8 | 61.4 | 16.4 | 956.5 | 137.7 | |
Implied Stock Price | 0.22 | 12.67 | 20.16 | 6.17 | 0.01 | 0.14 | |
FX Conversion Rate to Trading Currency | 0.09 | 1.00 | 0.09 | 1.29 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 2.40 | 12.67 | 219.00 | 4.77 | 0.01 | 0.14 | |
Trading Currency | SEK | USD | SEK | GBP | USD | USD | |
FX Rate to Reporting Currency | 0.09 | 1.00 | 0.09 | 1.29 | 1.00 | 1.00 |