Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBIT Multiple | 18.0x - 19.9x | 19.0x |
| Selected Fwd EBIT Multiple | 11.8x - 13.0x | 12.4x |
| Fair Value | $111.31 - $124.16 | $117.74 |
| Upside | -13.6% - -3.6% | -8.6% |
| Benchmarks | Ticker | Full Ticker |
| Chart Industries, Inc. | GTLS | NYSE:GTLS |
| The Manitowoc Company, Inc. | MTW | NYSE:MTW |
| Enpro Inc. | NPO | NYSE:NPO |
| Lincoln Electric Holdings, Inc. | LECO | NasdaqGS:LECO |
| Dover Corporation | DOV | NYSE:DOV |
| SPX Technologies, Inc. | SPXC | NYSE:SPXC |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| GTLS | MTW | NPO | LECO | DOV | SPXC | ||
| NYSE:GTLS | NYSE:MTW | NYSE:NPO | NasdaqGS:LECO | NYSE:DOV | NYSE:SPXC | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | 53.6% | -10.4% | 8.7% | 12.8% | 4.1% | 24.2% | |
| 3Y CAGR | 92.9% | 9.5% | 18.4% | 5.8% | -0.5% | 38.5% | |
| Latest Twelve Months | 63.5% | -42.7% | 7.4% | 0.2% | 1.6% | 39.0% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 10.4% | 4.1% | 11.4% | 15.4% | 16.1% | 11.1% | |
| Prior Fiscal Year | 12.0% | 4.9% | 13.4% | 16.8% | 16.5% | 13.1% | |
| Latest Fiscal Year | 15.9% | 2.9% | 14.6% | 17.6% | 16.7% | 16.0% | |
| Latest Twelve Months | 15.9% | 2.9% | 14.6% | 17.6% | 16.7% | 16.0% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 2.37x | 0.32x | 3.68x | 2.86x | 3.28x | 3.27x | |
| EV / LTM EBITDA | 10.6x | 5.6x | 15.3x | 14.4x | 15.6x | 15.9x | |
| EV / LTM EBIT | 15.0x | 11.3x | 25.3x | 16.3x | 19.7x | 20.4x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | 11.3x | 16.3x | 25.3x | ||||
| Historical EV / LTM EBIT | 17.4x | 22.5x | 29.0x | ||||
| Selected EV / LTM EBIT | 18.0x | 19.0x | 19.9x | ||||
| (x) LTM EBIT | 318 | 318 | 318 | ||||
| (=) Implied Enterprise Value | 5,723 | 6,024 | 6,325 | ||||
| (-) Non-shareholder Claims * | (502) | (502) | (502) | ||||
| (=) Equity Value | 5,221 | 5,522 | 5,823 | ||||
| (/) Shares Outstanding | 46.4 | 46.4 | 46.4 | ||||
| Implied Value Range | 112.56 | 119.06 | 125.55 | ||||
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 112.56 | 119.06 | 125.55 | 128.78 | |||
| Upside / (Downside) | -12.6% | -7.5% | -2.5% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | GTLS | MTW | NPO | LECO | DOV | SPXC | |
| Enterprise Value | 9,872 | 704 | 3,863 | 11,447 | 25,397 | 6,475 | |
| (+) Cash & Short Term Investments | 309 | 48 | 236 | 377 | 1,845 | 160 | |
| (+) Investments & Other | 209 | 0 | 0 | 0 | 0 | 9 | |
| (-) Debt | (3,737) | (450) | (695) | (1,151) | (3,163) | (670) | |
| (-) Other Liabilities | (166) | 0 | 0 | 0 | 0 | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 6,486 | 302 | 3,404 | 10,674 | 24,079 | 5,973 | |
| (/) Shares Outstanding | 44.9 | 35.1 | 21.0 | 56.4 | 137.1 | 46.4 | |
| Implied Stock Price | 144.36 | 8.59 | 161.79 | 189.16 | 175.68 | 128.78 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 144.36 | 8.59 | 161.79 | 189.16 | 175.68 | 128.78 | |
| Trading Currency | USD | USD | USD | USD | USD | USD | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |