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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Ps Multiple | 7.3x - 8.1x | 7.7x |
Selected Fwd Ps Multiple | 7.2x - 7.9x | 7.5x |
Fair Value | 200.51$ - 221.62$ | 211.06$ |
Upside | -7.2% - 2.6% | -2.3% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
Tokyo Seimitsu Co., Ltd. | 772,900.0% | TSE:7729 |
Tokyo Electron Limited | 803,500.0% | TSE:8035 |
ASML Holding N.V. | - | SET:ASML01 |
ASM International NV | - | DB:AVS |
Kulicke and Soffa Industries, Inc. | - | NasdaqGS:KLIC |
Disco Corporation | - | OTCPK:DISP.F |
Select Price / LTM Sales Ratio | ||||||||
Benchmark Companies | ||||||||
7729 | 8035 | ASML01 | AVS | KLIC | DISP.F | |||
TSE:7729 | TSE:8035 | SET:ASML01 | DB:AVS | NasdaqGS:KLIC | OTCPK:DISP.F | |||
Historical Sales Growth | ||||||||
5Y CAGR | 5.8% | 7.4% | 19.0% | 18.0% | 5.5% | 15.8% | ||
3Y CAGR | 11.5% | 9.4% | 14.9% | 19.2% | -22.5% | 18.9% | ||
Latest Twelve Months | 12.3% | 26.2% | 2.6% | 11.3% | -4.9% | 33.5% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 14.0% | 19.9% | 27.4% | 23.9% | 12.7% | 25.5% | ||
Prior Fiscal Year | 16.1% | 21.3% | 28.4% | 28.5% | 7.7% | 29.2% | ||
Latest Fiscal Year | 14.4% | 19.9% | 26.8% | 23.4% | -9.8% | 27.4% | ||
Latest Twelve Months | 18.1% | 22.6% | 26.8% | 23.4% | 0.5% | 32.0% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 8.8x | 13.0x | 24.2x | 21.3x | 26.4x | 18.1x | ||
Price / LTM Sales | 2.3x | 4.2x | 8.7x | 7.2x | 2.5x | 9.4x | ||
LTM P/E Ratio | 12.7x | 18.7x | 32.5x | 30.9x | 529.5x | 29.3x | ||
Low | Mid | High | ||||||
Benchmark LTM P/S Ratio | 2.3x | 4.2x | 8.7x | |||||
Historical LTM P/S Ratio | 5.3x | 5.9x | 22.0x | |||||
Selected Price / Sales Multiple | 7.3x | 7.7x | 8.1x | |||||
(x) LTM Sales | 376,895 | 376,895 | 376,895 | |||||
(=) Equity Value | 2,762,323 | 2,907,709 | 3,053,094 | |||||
(/) Shares Outstanding | 97.1 | 97.1 | 97.1 | |||||
Implied Value Range | 28,451.87 | 29,949.33 | 31,446.80 | |||||
FX Rate: JPY/USD | 149.8 | 149.8 | 149.8 | Market Price | ||||
Implied Value Range (Trading Cur) | 189.99 | 199.99 | 209.99 | 216.03 | ||||
Upside / (Downside) | -12.1% | -7.4% | -2.8% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | 7729 | 8035 | ASML01 | AVS | KLIC | DISP.F | |
Value of Common Equity | 341,392 | 9,859,856 | 250,150 | 21,534 | 1,770 | 3,140,966 | |
(/) Shares Outstanding | 40.5 | 458.1 | 468,358.4 | 49.1 | 53.5 | 97.1 | |
Implied Stock Price | 8,438.00 | 21,525.00 | 0.53 | 438.60 | 33.06 | 32,351.87 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 0.03 | 1.00 | 1.00 | 149.76 | |
Implied Stock Price (Trading Cur) | 8,438.00 | 21,525.00 | 19.60 | 438.60 | 33.06 | 216.03 | |
Trading Currency | JPY | JPY | THB | EUR | USD | USD | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 0.03 | 1.00 | 1.00 | 149.76 |