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 | -31.3x - -34.6x | -32.9x |
| Selected Fwd EBITDA Multiple | 9.4x - 10.4x | 9.9x |
| Fair Value | C$0.69 - C$0.98 | C$0.84 |
| Upside | -42.6% - -19.2% | -30.9% |
| Benchmarks | Ticker | Full Ticker |
| Cogeco Inc. | CGO | TSX:CGO |
| Rogers Communications Inc. | RCI.B | TSX:RCI.B |
| Telesat Corporation | TSAT | TSX:TSAT |
| Uniserve Communications Corporation | USS | TSXV:USS |
| Adya Inc. | ADYA | TSXV:ADYA |
| TeraGo Inc. | TGO | TSX:TGO |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| CGO | RCI.B | TSAT | USS | ADYA | TGO | ||
| TSX:CGO | TSX:RCI.B | TSX:TSAT | TSXV:USS | TSXV:ADYA | TSX:TGO | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | 5.0% | 8.9% | -13.5% | NM- | NM- | NM- | |
| 3Y CAGR | 5.8% | 17.9% | -16.9% | NM- | NM- | NM- | |
| Latest Twelve Months | 3.2% | 6.0% | -61.0% | -436.0% | 63.3% | 55.0% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 46.7% | 40.9% | 81.7% | -0.4% | -21.9% | -7.1% | |
| Prior Fiscal Year | 46.2% | 42.6% | 119.3% | 2.3% | -36.0% | -15.1% | |
| Latest Fiscal Year | 46.9% | 44.7% | 62.8% | -2.1% | -16.0% | -6.7% | |
| Latest Twelve Months | 47.5% | 44.8% | 59.4% | -13.1% | -16.0% | -6.7% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 2.76x | 3.11x | 8.45x | 1.56x | 3.10x | 2.41x | |
| EV / LTM EBITDA | 5.8x | 6.9x | 14.2x | -11.9x | -19.4x | -35.7x | |
| EV / LTM EBIT | 11.2x | 12.8x | 24.4x | -10.4x | -12.6x | -8.8x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | -19.4x | 5.8x | 14.2x | ||||
| Historical EV / LTM EBITDA | -531.6x | -6.5x | 31.4x | ||||
| Selected EV / LTM EBITDA | -31.3x | -32.9x | -34.6x | ||||
| (x) LTM EBITDA | (2) | (2) | (2) | ||||
| (=) Implied Enterprise Value | 55 | 58 | 61 | ||||
| (-) Non-shareholder Claims * | (40) | (40) | (40) | ||||
| (=) Equity Value | 15 | 18 | 21 | ||||
| (/) Shares Outstanding | 20.0 | 20.0 | 20.0 | ||||
| Implied Value Range | 0.76 | 0.91 | 1.05 | ||||
| FX Rate: CAD/CAD | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 0.76 | 0.91 | 1.05 | 1.21 | |||
| Upside / (Downside) | -37.0% | -25.0% | -13.0% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | CGO | RCI.B | TSAT | USS | ADYA | TGO | |
| Enterprise Value | 8,456 | 64,103 | 4,664 | 12 | 6 | 64 | |
| (+) Cash & Short Term Investments | 142 | 2,954 | 797 | 0 | 0 | 4 | |
| (+) Investments & Other | 0 | 1,691 | 0 | 0 | 0 | 0 | |
| (-) Debt | (5,227) | (49,352) | (3,390) | (3) | (1) | (44) | |
| (-) Other Liabilities | (2,760) | 0 | (1,735) | 0 | 0 | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 611 | 19,396 | 336 | 9 | 5 | 24 | |
| (/) Shares Outstanding | 9.5 | 538.0 | 14.5 | 26.8 | 23.6 | 20.0 | |
| Implied Stock Price | 64.34 | 36.05 | 23.22 | 0.35 | 0.21 | 1.21 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 64.34 | 36.05 | 23.22 | 0.35 | 0.21 | 1.21 | |
| Trading Currency | CAD | CAD | CAD | CAD | CAD | CAD | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |