CapMan Oyj (0E1L.L)

Industry: Financial - Diversified Model: Peers Multiples Valuation

Valuation Snapshot

Ticker	Rank	Name	Rev TTM (M)	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
0QI9.L	27	Creades AB	126	7.87	9.01	7.67	6.24	10.82	8.79
0OPJ.L	28	ABC arbitrage S.A.	126	7.21	6.70	7.36	7.40	5.19	8.01
0N5Z.L	29	Altamir SCA	97	56.16	86.24	34.58	34.58	-	42.76
JESC.L	30	JPMorgan European	92	14.54	17.91	-	-	9.17	15.11
MLT.AX	31	Milton Corporation	83	-	-	-0.65	-0.65	-0.65	-0.65
0RGB.L	32	Investment AB Öre	80	13.50	12.15	12.80	11.52	-	11.52
0DK7.L	33	eQ Oyj	73	20.99	20.86	16.05	15.86	19.78	16.57
0E1L.L	34	CapMan Oyj	66	5.31	2.54	17.46	15.76	14.19	15.06
BHGU.L	35	BH Global Limited	43	15.68	16.36	15.42	16.09	11.79	16.09
MUTHTFN.BO	36	Muthoot Capital Se	42	4.56	4.56	34.38	34.38	22.00	34.91
OIT.L	37	Odyssean Investmen	28	13.97	13.97	5.23	5.23	1.31	13.66
0RWM.L	38	Bitcoin Group SE	18	1,015.26	1,015.26	45.14	45.14	-	39.55
0HA8.L	39	Corporación Finan	18	51.36	57.97	-	-	-	-
0LHX.L	40	U.S. Global Invest	9	34.30	34.05	2.67	2.67	-	-
JARA.L	41	JPMorgan Global Co	4	-	-	12.82	12.82	2.59	334.94
PRISMFN.BO	42	Prism Finance Limi	0	-	-	-	-	1.00	-

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	14.26	15.17	12.80	11.52	5.19	15.11
Full Range Median Multiple	15.11	17.13	12.82	12.82	9.17	16.09
Industry Multiple	104.62	107.92	17.65	17.45	9.29	49.27
Market Implied Multiple	5.59	2.67	18.26	16.47	14.84	15.74
Company (0E1L.L) Multiple	5.31	2.54	17.46	15.76	14.19	15.06
(*) Net Income / EBITDA / Revenue	86	181	30	33	37	35
Winsorized Enterprise Value	N/A	N/A	385	384	192	527
Full Range Median Enterprise Value	N/A	N/A	386	428	340	562
(-) Net Debt	67	67	67	67	67	67
Winsorized Equity Value	1,232	2,745	319	318	126	461
Full Range Median Equity Value	1,306	3,101	319	361	273	495
(/) Shares Outstanding	244	244	244	244	244	244
Winsorized Fair Value	$5.05	$11.24	$1.31	$1.30	$0.52	$1.89
Full Range Median Fair Value	$5.35	$12.70	$1.31	$1.48	$1.12	$2.03
Current Price	$1.98	$1.98	$1.98	$1.98	$1.98	$1.98
Upside / Downside	155.11%	468.21%	-33.98%	-34.23%	-73.96%	-4.60%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$3.53	$7.87	$0.91	$0.91	$0.36	$1.32
Buy / Don't Buy	BUY	BUY	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy