Xylem Inc. (0M29.L)

Industry: Industrial - Capital Goods 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
0K92.L	1	Northrop Grumman C	40,928	21.70	19.65	12.68	11.69	17.89	20.25
0I58.L	2	Cummins Inc.	33,581	21.58	19.45	12.44	11.08	15.91	13.10
0J76.L	3	Huntington Ingalls	12,012	19.89	20.07	12.20	11.90	23.37	25.12
0KBI.L	4	Knorr-Bremse AG	9,221	31.35	32.19	12.92	12.75	16.47	17.46
0M29.L	5	Xylem Inc.	8,894	37.89	28.39	20.46	16.60	27.46	25.96
0A0C.L	6	Stadler Rail AG	8,772	12.73	12.73	4.42	4.42	16.05	8.08
0QQN.L	7	Bucher Industries	6,990	8.90	8.53	5.22	5.18	10.53	6.72
0QZP.L	8	Bombardier Inc.	6,332	18.63	18.63	10.85	8.43	15.13	8.23
0IRE.L	9	Fortive Corporatio	5,640	26.36	26.36	13.52	11.41	29.38	14.99
0L7G.L	10	Snap-on Incorporat	5,115	17.60	15.78	11.84	10.79	12.66	12.15
0J46.L	11	HEICO Corporation	4,289	70.66	62.13	41.26	34.84	44.84	40.37
0JOE.L	12	KUKA AG	4,100	54.06	61.32	11.24	11.19	37.04	30.75
0K1G.L	13	The Middleby Corpo	3,880	-	-	217.46	362.37	-	-
0QNN.L	14	Burckhardt Compres	2,612	10.25	9.16	6.06	5.48	4.67	6.12
0QKA.L	15	Rieter Holding AG	2,333	0.71	0.83	1.61	1.67	-	4.90
0QOL.L	16	Kardex Holding AG	1,981	15.06	12.38	9.85	7.81	11.11	9.05

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	18.11	17.21	11.24	10.79	15.91	10.60
Full Range Median Multiple	19.26	19.04	11.84	11.08	16.05	12.63
Industry Multiple	23.53	22.80	25.57	34.07	19.62	15.52
Market Implied Multiple	37.41	28.04	20.21	16.40	27.13	25.64
Company (0M29.L) Multiple	37.89	28.39	20.46	16.60	27.46	25.96
(*) Net Income / EBITDA / Revenue	948	1,265	1,793	2,210	1,336	1,413
Winsorized Enterprise Value	N/A	N/A	20,158	23,847	21,256	14,986
Full Range Median Enterprise Value	N/A	N/A	21,229	24,489	21,440	17,848
(-) Net Debt	771	771	771	771	771	771
Winsorized Equity Value	17,173	21,769	19,387	23,076	20,485	14,215
Full Range Median Equity Value	18,258	24,090	20,458	23,718	20,669	17,077
(/) Shares Outstanding	244	244	244	244	244	244
Winsorized Fair Value	$70.52	$89.40	$79.62	$94.77	$84.13	$58.38
Full Range Median Fair Value	$74.98	$98.93	$84.02	$97.40	$84.88	$70.13
Current Price	$145.66	$145.66	$145.66	$145.66	$145.66	$145.66
Upside / Downside	-51.58%	-38.63%	-45.34%	-34.94%	-42.25%	-59.92%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$49.37	$62.58	$55.73	$66.34	$58.89	$40.86
Buy / Don't Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy