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 | 6.2x - 6.9x | 6.5x |
| Selected Fwd EBITDA Multiple | 4.5x - 5.0x | 4.7x |
| Fair Value | €15.37 - €16.96 | €16.16 |
| Upside | -0.8% - 9.5% | 4.3% |
| Benchmarks | Ticker | Full Ticker |
| Symrise AG | SY1 | XTRA:SY1 |
| Evonik Industries AG | EVK | XTRA:EVK |
| Wacker Chemie AG | WCH | XTRA:WCH |
| LANXESS Aktiengesellschaft | LXS | XTRA:LXS |
| Solvay SA | SOL | DB:SOL |
| K+S Aktiengesellschaft | SDF | XTRA:SDF |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| SY1 | EVK | WCH | LXS | SOL | SDF | ||
| XTRA:SY1 | XTRA:EVK | XTRA:WCH | XTRA:LXS | DB:SOL | XTRA:SDF | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | 6.7% | -3.1% | 4.4% | -11.2% | -17.0% | -0.5% | |
| 3Y CAGR | 9.1% | -7.7% | -21.7% | -11.0% | -25.0% | -17.4% | |
| Latest Twelve Months | 22.2% | -5.6% | 8.3% | 24.0% | -47.0% | -44.0% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 19.0% | 13.3% | 15.8% | 10.4% | 24.8% | 20.3% | |
| Prior Fiscal Year | 16.8% | 11.8% | 10.7% | 6.3% | 25.7% | 19.5% | |
| Latest Fiscal Year | 19.4% | 11.2% | 11.8% | 8.2% | 16.0% | 11.6% | |
| Latest Twelve Months | 19.4% | 11.2% | 11.1% | 8.2% | 16.0% | 11.6% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 3.13x | 0.79x | 0.59x | 0.62x | 0.94x | 0.75x | |
| EV / LTM EBITDA | 16.1x | 7.1x | 5.3x | 7.6x | 5.9x | 6.4x | |
| EV / LTM EBIT | 22.0x | 14.4x | 18.0x | 171.9x | 8.4x | -62.5x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | 5.3x | 7.1x | 16.1x | ||||
| Historical EV / LTM EBITDA | -2.9x | 1.5x | 9.8x | ||||
| Selected EV / LTM EBITDA | 6.2x | 6.5x | 6.9x | ||||
| (x) LTM EBITDA | 423 | 423 | 423 | ||||
| (=) Implied Enterprise Value | 2,630 | 2,768 | 2,906 | ||||
| (-) Non-shareholder Claims * | 46 | 46 | 46 | ||||
| (=) Equity Value | 2,675 | 2,813 | 2,952 | ||||
| (/) Shares Outstanding | 179.1 | 179.1 | 179.1 | ||||
| Implied Value Range | 14.94 | 15.71 | 16.48 | ||||
| FX Rate: EUR/EUR | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 14.94 | 15.71 | 16.48 | 15.49 | |||
| Upside / (Downside) | -3.6% | 1.4% | 6.4% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | SY1 | EVK | WCH | LXS | SOL | SDF | |
| Enterprise Value | 15,640 | 12,054 | 3,348 | 4,006 | 4,579 | 2,729 | |
| (+) Cash & Short Term Investments | 709 | 618 | 898 | 615 | 621 | 524 | |
| (+) Investments & Other | 617 | 509 | 991 | 706 | 308 | 271 | |
| (-) Debt | (2,546) | (3,781) | (1,804) | (3,012) | (2,138) | (746) | |
| (-) Other Liabilities | (38) | (80) | (170) | (6) | (65) | (4) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 14,383 | 9,320 | 3,264 | 2,309 | 3,305 | 2,774 | |
| (/) Shares Outstanding | 139.8 | 466.0 | 49.7 | 86.3 | 104.5 | 179.1 | |
| Implied Stock Price | 102.90 | 20.00 | 65.70 | 26.74 | 31.64 | 15.49 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 102.90 | 20.00 | 65.70 | 26.74 | 31.64 | 15.49 | |
| Trading Currency | EUR | EUR | EUR | EUR | EUR | EUR | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |