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 | 13.0x - 14.3x | 13.6x |
| Selected Fwd EBIT Multiple | 12.6x - 14.0x | 13.3x |
| Fair Value | €4.68 - €5.77 | €5.22 |
| Upside | 8.2% - 33.4% | 20.8% |
| Benchmarks | Ticker | Full Ticker |
| Telekom Austria AG | TKA | WBAG:TKA |
| NOS, S.G.P.S., S.A. | PMV | DB:PMV |
| BCE Inc. | BCE1 | DB:BCE1 |
| Orange S.A. | ORA | ENXTPA:ORA |
| Telecom Italia S.p.A. | TIT | BIT:TIT |
| Telefónica, S.A. | TEF | WBAG:TEF |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| TKA | PMV | BCE1 | ORA | TIT | TEF | ||
| WBAG:TKA | DB:PMV | DB:BCE1 | ENXTPA:ORA | BIT:TIT | WBAG:TEF | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | 9.3% | 4.2% | 0.1% | 1.2% | -12.4% | -3.2% | |
| 3Y CAGR | 7.0% | 10.6% | 2.2% | 11.8% | 1.4% | 25.8% | |
| Latest Twelve Months | 1.8% | 15.3% | 0.1% | 10.4% | -13.7% | 94.8% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 16.5% | 13.6% | 22.8% | 13.1% | 11.4% | 8.7% | |
| Prior Fiscal Year | 17.8% | 14.6% | 22.7% | 12.9% | 13.4% | 5.8% | |
| Latest Fiscal Year | 17.5% | 15.8% | 23.0% | 15.6% | 11.4% | 11.1% | |
| Latest Twelve Months | 17.5% | 15.8% | 23.0% | 15.6% | 11.4% | 11.1% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 1.45x | 2.20x | 2.91x | 1.46x | 1.24x | 1.36x | |
| EV / LTM EBITDA | 4.8x | 6.3x | 8.2x | 4.5x | 4.2x | 5.8x | |
| EV / LTM EBIT | 8.3x | 13.9x | 12.6x | 9.3x | 10.9x | 12.3x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | 8.3x | 10.9x | 13.9x | ||||
| Historical EV / LTM EBIT | 10.3x | 12.6x | 28.7x | ||||
| Selected EV / LTM EBIT | 13.0x | 13.6x | 14.3x | ||||
| (x) LTM EBIT | 4,578 | 4,578 | 4,578 | ||||
| (=) Implied Enterprise Value | 59,294 | 62,415 | 65,536 | ||||
| (-) Non-shareholder Claims * | (32,020) | (32,020) | (32,020) | ||||
| (=) Equity Value | 27,274 | 30,395 | 33,516 | ||||
| (/) Shares Outstanding | 5,643.3 | 5,643.3 | 5,643.3 | ||||
| Implied Value Range | 4.83 | 5.39 | 5.94 | ||||
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 4.83 | 5.39 | 5.94 | 4.32 | |||
| Upside / (Downside) | 11.8% | 24.6% | 37.4% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | TKA | PMV | BCE1 | ORA | TIT | TEF | |
| Enterprise Value | 7,810 | 3,700 | 71,062 | 58,761 | 18,013 | 56,422 | |
| (+) Cash & Short Term Investments | 430 | 9 | 1,972 | 12,211 | 4,570 | 8,496 | |
| (+) Investments & Other | 256 | 40 | 1,218 | 6,396 | 1,050 | 9,971 | |
| (-) Debt | (2,649) | (1,548) | (40,504) | (42,666) | (15,542) | (47,085) | |
| (-) Other Liabilities | (2) | (7) | (289) | (3,388) | (1,404) | (3,402) | |
| (-) Preferred Stock | 0 | 0 | (3,533) | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 5,844 | 2,194 | 29,926 | 31,314 | 6,687 | 24,402 | |
| (/) Shares Outstanding | 664.1 | 511.3 | 921.8 | 2,658.2 | 21,260.8 | 5,643.3 | |
| Implied Stock Price | 8.80 | 4.29 | 32.46 | 11.78 | 0.31 | 4.32 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.55 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 8.80 | 4.29 | 21.01 | 11.78 | 0.31 | 4.32 | |
| Trading Currency | EUR | EUR | EUR | EUR | EUR | EUR | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.55 | 1.00 | 1.00 | 1.00 | |