Wygląda na to, że wystąpił błąd podczas próby wczytania tej strony.
Nasz zespół został powiadomiony, ale jeśli problem nie ustąpi, skontaktuj się z nami, korzystając z widżetu widżet e-mail wsparcia.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBITDA Multiple | 60,0x - 66,3x | 63,1x |
| Selected Fwd EBITDA Multiple | 6,7x - 7,4x | 7,0x |
| Fair Value | €0,52 - €0,68 | €0,60 |
| Upside | -30,0% - -8,2% | -19,1% |
| Benchmarks | Ticker | Full Ticker |
| Indorama Ventures Public Company Limited | IVL | SET:IVL |
| TPI Polene Public Company Limited | TPIPL | SET:TPIPL |
| The Siam Cement Public Company Limited | SCC | SET:SCC |
| Formosa Chemicals & Fibre Corporation | 1326 | TWSE:1326 |
| BASF SE | BFFA.F | OTCPK:BFFA.F |
| PTT Global Chemical Public Company Limited | GCB | DB:GCB |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| IVL | TPIPL | SCC | 1326 | BFFA.F | GCB | ||
| SET:IVL | SET:TPIPL | SET:SCC | TWSE:1326 | OTCPK:BFFA.F | DB:GCB | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | 8.2% | 0.8% | -10.5% | -16.6% | -3.5% | -4.9% | |
| 3Y CAGR | -11.4% | -13.7% | -26.6% | -36.4% | -16.2% | -31.5% | |
| Latest Twelve Months | 11.7% | -4.4% | 104.5% | -52.4% | 11.4% | -90.0% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 9.3% | 25.4% | 10.1% | 7.6% | 11.0% | 6.7% | |
| Prior Fiscal Year | 6.2% | 21.7% | 7.3% | 4.3% | 9.0% | 5.1% | |
| Latest Fiscal Year | 7.6% | 21.5% | 6.0% | 3.9% | 9.6% | 3.1% | |
| Latest Twelve Months | 7.6% | 22.9% | 7.2% | 2.9% | 9.6% | 0.8% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 0.77x | 2.71x | 0.91x | 0.36x | 0.88x | 0.54x | |
| EV / LTM EBITDA | 10.2x | 11.8x | 12.7x | 12.3x | 9.2x | 70.4x | |
| EV / LTM EBIT | 24.7x | 18.4x | 55.2x | -19.6x | 19.8x | -17.2x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | 9.2x | 11.8x | 12.7x | ||||
| Historical EV / LTM EBITDA | 4.4x | 10.2x | 30.3x | ||||
| Selected EV / LTM EBITDA | 60.0x | 63.1x | 66.3x | ||||
| (x) LTM EBITDA | 4,215 | 4,215 | 4,215 | ||||
| (=) Implied Enterprise Value | 252,807 | 266,113 | 279,418 | ||||
| (-) Non-shareholder Claims * | (169,523) | (169,523) | (169,523) | ||||
| (=) Equity Value | 83,285 | 96,590 | 109,896 | ||||
| (/) Shares Outstanding | 4,508.8 | 4,508.8 | 4,508.8 | ||||
| Implied Value Range | 18.47 | 21.42 | 24.37 | ||||
| FX Rate: THB/EUR | 37.2 | 37.2 | 37.2 | Market Price | |||
| Implied Value Range (Trading Cur) | 0.50 | 0.58 | 0.66 | 0.74 | |||
| Upside / (Downside) | -32.9% | -22.2% | -11.5% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | IVL | TPIPL | SCC | 1326 | BFFA.F | GCB | |
| Enterprise Value | 382,065 | 97,874 | 464,409 | 112,233 | 57,831 | 293,633 | |
| (+) Cash & Short Term Investments | 19,705 | 7,259 | 45,174 | 74,356 | 2,573 | 27,888 | |
| (+) Investments & Other | 11,497 | 1,221 | 152,082 | 157,297 | 5,799 | 54,614 | |
| (-) Debt | (267,085) | (80,413) | (327,681) | (147,583) | (25,443) | (245,469) | |
| (-) Other Liabilities | (12,555) | (10,603) | (61,584) | (30,483) | (1,147) | (6,556) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 133,626 | 15,338 | 272,400 | 165,820 | 39,613 | 124,110 | |
| (/) Shares Outstanding | 5,614.6 | 18,935.2 | 1,200.0 | 5,849.0 | 892.5 | 4,508.8 | |
| Implied Stock Price | 23.80 | 0.81 | 227.00 | 28.35 | 44.38 | 27.53 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 0.86 | 37.20 | |
| Implied Stock Price (Trading Cur) | 23.80 | 0.81 | 227.00 | 28.35 | 51.86 | 0.74 | |
| Trading Currency | THB | THB | THB | TWD | USD | EUR | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 0.86 | 37.20 | |