Select LTM Revenue Multiple | | | | | | | | |
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| Benchmark Companies | | | |
| SJM | HRL | FLO | KHC | MDLZ | | CSC | |
| NYSE:SJM | NYSE:HRL | NYSE:FLO | NasdaqGS:KHC | NasdaqGS:MDLZ | | DB:CSC | |
Historical Revenue Growth | | | | | | | | |
5Y CAGR | 2.3% | 4.7% | 4.4% | 0.7% | 7.1% | | 3.5% | |
3Y CAGR | 2.9% | 1.5% | 5.6% | -0.3% | 8.3% | | 4.4% | |
Latest Twelve Months | 6.7% | -1.0% | -1.0% | -4.2% | 0.9% | | 8.6% | |
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Historical EBIT Profit Margin | | | | | | | | |
5 Year Average Margin | 16.2% | 9.9% | 7.7% | 20.9% | 16.5% | | 15.4% | |
Prior Fiscal Year | 17.6% | 8.8% | 6.9% | 19.7% | 16.6% | | 15.1% | |
Latest Fiscal Year | 19.0% | 9.2% | 7.4% | 21.4% | 17.7% | | 14.5% | |
Latest Twelve Months | 19.0% | 8.8% | 7.5% | 21.3% | 11.9% | | 14.1% | |
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Current Trading Multiples | | | | | | | | |
EV / LTM Revenue | 2.15x | 1.56x | 1.07x | 1.97x | 2.93x | | 1.64x | |
EV / LTM EBIT | 11.3x | 17.8x | 14.3x | 9.2x | 24.7x | | 11.6x | |
Price / LTM Sales | 1.26x | 1.43x | 0.65x | 1.22x | 2.42x | | 0.94x | |
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| Low | Mid | High | | | | | |
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Benchmark EV / LTM Revenue | 1.07x | 1.97x | 2.93x | | | | | |
Historical EV / LTM Revenue | 1.99x | 2.27x | 2.47x | | | | | |
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Selected EV / LTM Revenue | 1.80x | 1.89x | 1.99x | | | | | |
(x) LTM Revenue | 10,225 | 10,225 | 10,225 | | | | | |
(=) Implied Enterprise Value | 18,385 | 19,353 | 20,321 | | | | | |
(-) Non-shareholder Claims * | (7,124) | (7,124) | (7,124) | | | | | |
(=) Equity Value | 11,261 | 12,229 | 13,197 | | | | | |
(/) Shares Outstanding | 298.1 | 298.1 | 298.1 | | | | | |
Implied Value Range | 37.77 | 41.02 | 44.26 | | | | | |
FX Rate: USD/EUR | 1.2 | 1.2 | 1.2 | | Market Price | | | |
Implied Value Range (Trading Cur) | 32.27 | 35.04 | 37.81 | | 26.77 | | | |
Upside / (Downside) | 20.5% | 30.9% | 41.2% | | | | | |