이 페이지를 로드하는 동안 오류가 발생한 것 같습니다.
지원팀에 전달되었습니다. 만약 문제가 지속될 경우 이메일 지원 위젯을 통해 다시 문의 부탁드립니다.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM Revenue Multiple | 1.9x - 2.0x | 2.0x |
| Selected Fwd Revenue Multiple | 1.8x - 2.0x | 1.9x |
| Fair Value | €101.47 - €114.26 | €107.87 |
| Upside | -3.3% - 8.9% | 2.8% |
| Benchmarks | Ticker | Full Ticker |
|---|---|---|
| RPM International Inc. | RPM | NYSE:RPM |
| H.B. Fuller Company | FUL | NYSE:FUL |
| The Sherwin-Williams Company | SHW | NYSE:SHW |
| Celanese Corporation | CE | NYSE:CE |
| Ashland Inc. | ASH | NYSE:ASH |
| PPG Industries, Inc. | PPQ | DB:PPQ |
| Select LTM Revenue Multiple | ||||||||
| Benchmark Companies | ||||||||
| RPM | FUL | SHW | CE | ASH | PPQ | |||
| NYSE:RPM | NYSE:FUL | NYSE:SHW | NYSE:CE | NYSE:ASH | DB:PPQ | |||
| Historical Revenue Growth | ||||||||
| 5Y CAGR | 5.7% | 4.3% | 5.2% | 10.3% | -0.3% | 0.9% | ||
| 3Y CAGR | 6.3% | 2.9% | 5.0% | 6.4% | 0.0% | -1.9% | ||
| Latest Twelve Months | 0.1% | 1.6% | 0.2% | -6.0% | -4.4% | -2.4% | ||
| Historical EBIT Profit Margin | ||||||||
| 5 Year Average Margin | 11.1% | 9.7% | 14.7% | 15.0% | 8.2% | 11.7% | ||
| Prior Fiscal Year | 10.5% | 11.5% | 15.7% | 10.5% | 7.6% | 13.5% | ||
| Latest Fiscal Year | 12.1% | 10.7% | 16.3% | 10.6% | 8.1% | 14.2% | ||
| Latest Twelve Months | 12.6% | 10.7% | 16.3% | 10.6% | 8.4% | 14.2% | ||
| Current Trading Multiples | ||||||||
| EV / LTM Revenue | 2.31x | 1.38x | 4.27x | 1.73x | 1.96x | 1.92x | ||
| EV / LTM EBIT | 18.4x | 12.8x | 26.1x | 16.4x | 23.3x | 13.6x | ||
| Price / LTM Sales | 2.03x | 0.82x | 3.75x | 0.64x | 1.38x | 1.60x | ||
| Low | Mid | High | ||||||
| Benchmark EV / LTM Revenue | 1.38x | 1.96x | 4.27x | |||||
| Historical EV / LTM Revenue | 1.92x | 2.27x | 2.90x | |||||
| Selected EV / LTM Revenue | 1.85x | 1.95x | 2.05x | |||||
| (x) LTM Revenue | 15,845 | 15,845 | 15,845 | |||||
| (=) Implied Enterprise Value | 29,359 | 30,904 | 32,449 | |||||
| (-) Non-shareholder Claims * | (4,890) | (4,890) | (4,890) | |||||
| (=) Equity Value | 24,469 | 26,014 | 27,559 | |||||
| (/) Shares Outstanding | 227.0 | 227.0 | 227.0 | |||||
| Implied Value Range | 107.80 | 114.61 | 121.42 | |||||
| FX Rate: USD/EUR | 1.1 | 1.1 | 1.1 | Market Price | ||||
| Implied Value Range (Trading Cur) | 100.26 | 106.59 | 112.92 | 104.90 | ||||
| Upside / (Downside) | -4.4% | 1.6% | 7.6% | |||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | RPM | FUL | SHW | CE | ASH | PPQ | |
| Enterprise Value | 16,989 | 4,859 | 97,773 | 17,818 | 4,006 | 30,492 | |
| (+) Cash & Short Term Investments | 269 | 169 | 210 | 962 | 219 | 1,367 | |
| (+) Investments & Other | 0 | 48 | 744 | 1,217 | 9 | 331 | |
| (-) Debt | (2,330) | (2,132) | (12,103) | (12,952) | (1,416) | (6,411) | |
| (-) Other Liabilities | (2) | (1) | 0 | (434) | 0 | (177) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 14,925 | 2,944 | 86,625 | 6,611 | 2,818 | 25,602 | |
| (/) Shares Outstanding | 128.6 | 54.2 | 251.5 | 111.8 | 47.2 | 227.0 | |
| Implied Stock Price | 116.09 | 54.32 | 344.42 | 59.16 | 59.72 | 112.80 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.08 | |
| Implied Stock Price (Trading Cur) | 116.09 | 54.32 | 344.42 | 59.16 | 59.72 | 104.90 | |
| Trading Currency | USD | USD | USD | USD | USD | EUR | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.08 | |