ดูเหมือนว่ามีข้อผิดพลาดเกิดขึ้นขณะกำลังโหลดหน้าเพจนี้.
ทีมงานของเราได้รับแจ้งแล้วแต่กรุณาติดต่อเราด้วยการใช้ วิจิทบริการสนับสนุนทางอีเมล หากปัญหายังคงมีอยู่
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBITDA Multiple | 7.9x - 8.7x | 8.3x |
| Selected Fwd EBITDA Multiple | 6.2x - 6.9x | 6.5x |
| Fair Value | ARS 478.78 - ARS 548.33 | ARS 513.56 |
| Upside | -37.1% - -27.9% | -32.5% |
| Benchmarks | Ticker | Full Ticker |
| Companhia Brasileira de Alumínio | CBAV3 | BOVESPA:CBAV3 |
| Ternium Argentina S.A. | TXAR | BASE:TXAR |
| Al Jazeera Steel Products Company SAOG | ATMI | MSM:ATMI |
| Scully Royalty Ltd. | SRL | NYSE:SRL |
| Celulosa Argentina S.A. | CELU | BASE:CELU |
| Aluar Aluminio Argentino S.A.I.C. | ALUA | BASE:ALUA |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| CBAV3 | TXAR | ATMI | SRL | CELU | ALUA | ||
| BOVESPA:CBAV3 | BASE:TXAR | MSM:ATMI | NYSE:SRL | BASE:CELU | BASE:ALUA | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | 2.3% | 66.3% | 29.6% | NM- | 84.5% | 80.3% | |
| 3Y CAGR | -16.4% | 22.6% | -4.5% | -17.2% | 146.3% | 108.7% | |
| Latest Twelve Months | 319.8% | -32.1% | 40.9% | 2148.5% | -101.4% | -16.4% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 11.0% | 23.3% | 6.3% | 17.6% | 15.4% | 20.9% | |
| Prior Fiscal Year | -6.1% | 27.3% | 5.4% | 13.2% | 18.5% | 16.0% | |
| Latest Fiscal Year | 12.1% | 9.0% | 7.7% | 18.6% | 21.2% | 21.9% | |
| Latest Twelve Months | 12.1% | 9.0% | 7.7% | 63.3% | -0.7% | 18.4% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 0.73x | 1.00x | 0.52x | 3.19x | 0.79x | 2.08x | |
| EV / LTM EBITDA | 6.1x | 11.1x | 6.8x | 5.0x | -114.8x | 11.3x | |
| EV / LTM EBIT | 14.2x | 19.9x | 7.9x | 6.8x | -31.9x | 15.9x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | -114.8x | 6.1x | 11.1x | ||||
| Historical EV / LTM EBITDA | 3.1x | 9.9x | 10.7x | ||||
| Selected EV / LTM EBITDA | 7.9x | 8.3x | 8.7x | ||||
| (x) LTM EBITDA | 233,646 | 233,646 | 233,646 | ||||
| (=) Implied Enterprise Value | 1,844,136 | 1,941,196 | 2,038,256 | ||||
| (-) Non-shareholder Claims * | (509,387) | (509,387) | (509,387) | ||||
| (=) Equity Value | 1,334,749 | 1,431,808 | 1,528,868 | ||||
| (/) Shares Outstanding | 2,800.0 | 2,800.0 | 2,800.0 | ||||
| Implied Value Range | 476.70 | 511.36 | 546.02 | ||||
| FX Rate: ARS/ARS | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 476.70 | 511.36 | 546.02 | 761.00 | |||
| Upside / (Downside) | -37.4% | -32.8% | -28.2% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | CBAV3 | TXAR | ATMI | SRL | CELU | ALUA | |
| Enterprise Value | 5,973 | (392,072) | 77 | 148 | 179,809 | 2,640,187 | |
| (+) Cash & Short Term Investments | 1,389 | 1,333,743 | 8 | 47 | 8,802 | 200,563 | |
| (+) Investments & Other | 238 | 2,422,142 | 0 | 3 | 34 | 3,074 | |
| (-) Debt | (4,813) | (256,049) | (38) | (36) | (166,527) | (673,729) | |
| (-) Other Liabilities | (227) | (3) | 0 | (7) | (1,930) | (39,294) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 2,559 | 3,107,761 | 47 | 155 | 20,188 | 2,130,800 | |
| (/) Shares Outstanding | 651.1 | 4,517.1 | 124.9 | 14.8 | 10,094.2 | 2,800.0 | |
| Implied Stock Price | 3.93 | 688.00 | 0.37 | 10.44 | 2.00 | 761.00 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.38 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 3.93 | 688.00 | 0.37 | 7.54 | 2.00 | 761.00 | |
| Trading Currency | BRL | ARS | OMR | USD | ARS | ARS | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.38 | 1.00 | 1.00 | |