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Metrics | Range | Conclusion |
---|---|---|
Adjusted Earnings | 33.622 M - 117.9 M | 53.839 M |
Discount Rate | 12.8% - 10.8% | 11.8% |
Fair Value | $9.75 - $87.66 | $27.94 |
Upside | -31.7% - 513.4% | 95.5% |
Estimate Adjusted EBIT Margin | |||||||
Fiscal Year Ending | LTM | ||||||
Dec-20 | Dec-21 | Dec-22 | Dec-23 | Dec-24 | Dec-24 | ||
(USD in millions) | FY-4 | FY-3 | FY-2 | FY-1 | FY | LTM | |
Revenue | 216 | 562 | 612 | 546 | 575 | 575 | |
Adjusted EBITDA Build-up | |||||||
EBT, Incl. Unusual Items | 22 | (5) | (181) | (97) | (22) | (22) | |
(+) Net Interest Expense | 0 | 9 | 7 | 11 | 10 | 10 | |
(+) Other Non Operating Exp. | 0 | 1 | 2 | 2 | 1 | 1 | |
(+) D&A | 7 | 17 | 20 | 19 | 18 | 18 | |
(+) Non-recurring Items | 31 | 174 | 69 | 4 | 4 | ||
Adjusted EBITDA | 29 | 54 | 23 | 5 | 12 | 12 | |
(-) D&A | (7) | (17) | (20) | (19) | (18) | (18) | |
Adjusted EBIT | 22 | 37 | 2 | (14) | (6) | (6) | |
% of Revenue | 10.3% | 6.6% | 0.4% | -2.7% | -1.0% | -1.0% | |
Low | Median | High | |||||
Adjusted EBIT Margin | 0.0% | 0.4% | 10.3% |
Equity Waterfall | |||||||
Model | |||||||
(USD in millions) | Low | Mid | High | Market | |||
Enterprise Value | 264 | 458 | 1,097 | 312 | |||
(+) Cash & Short Term Investments | 24 | 24 | 24 | 24 | |||
(+) Investments & Other | 0 | 0 | 0 | 0 | |||
(-) Debt | (184) | (184) | (184) | (184) | |||
(-) Other Liabilities | 0 | 0 | 0 | 0 | |||
(-) Preferred Stock | 0 | 0 | 0 | 0 | |||
(-) Other | 0 | 0 | 0 | 0 | |||
Value of Common Equity | 104 | 299 | 937 | 153 | |||
(/) Shares Outstanding | 10.7 | 10.7 | 10.7 | 10.7 | |||
Implied Stock Price (USD) | 9.75 | 27.94 | 87.66 | 14.29 | |||
FX Rate: USD/USD | 1.00 | 1.00 | 1.00 | 1.00 | |||
Implied Stock Price (USD) | 9.75 | 27.94 | 87.66 | 14.29 | |||
Upside / (Downside) | -31.74% | 95.55% | 513.43% | ||||
Stock Price | 14.29 | ||||||
Stock Price Close | 14.29 | ||||||
Restatment Type | Original | ||||||
Reporting Currency | USD | ||||||
Trading Currency | USD | ||||||
FX Rate: USD/USD | 1.00 | ||||||
Market Cap | 152.8 | ||||||
Shares Outstanding | 10.7 | ||||||
Share Exchange Ratio | 1.0 | ||||||
Liquid Long-term Investments | 0 |