Gibus S.p.A. (GBUS.MI)

Industry: Manufacturing - Miscellaneous 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
0QNJ.L	1	Dätwyler Holding	2,790	19.70	22.48	7.25	7.30	9.02	11.31
5G7.F	2	KB Components AB (	311	22.75	22.75	7.71	7.71	21.79	17.00
GBUS.MI	3	Gibus S.p.A.	208	4.53	4.53	1.33	1.33	2.01	2.95
SIGNETIND.BO	4	Signet Industries	128	21.76	22.75	3.23	3.15	1.68	1.49
HAWKINCOOK.BO	5	Hawkins Cookers Li	127	40.63	36.26	26.62	23.80	27.47	28.63
3161.T	6	AZEARTH Corporatio	52	21.23	21.23	3.76	3.76	-	7.32
KAKA.BO	7	Kaka Industries Li	45	11.03	11.03	6.95	6.95	6.57	5.74
9607.SR	8	ASG Plastic Factor	43	12.17	12.17	9.49	9.49	11.00	11.58
PODARPIGQ.BO	9	Poddar Pigments Li	40	14.96	14.96	12.28	12.28	15.57	14.86
MITSU.BO	10	Mitsu Chem Plast L	39	17.04	16.47	8.12	7.76	12.48	4.30
KISAN.BO	11	Kisan Mouldings Li	29	1,118.12	1,118.12	51.90	51.90	-	27.94
4144.SR	12	Raoom Trading Co.	29	49.24	49.24	33.57	33.57	68.59	50.99
DHABRIYA.BO	13	Dhabriya Polywood	27	18.66	14.01	10.59	8.55	10.90	10.95
INDAG.BO	14	Indag Rubber Limit	23	51.73	57.50	29.86	33.14	61.78	64.96
MORGANITE.BO	15	Morganite Crucible	19	32.65	26.04	17.62	14.33	32.59	25.86
SHISHIND.BO	16	Shish Industries L	15	44.24	30.42	26.02	18.04	27.83	39.71

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	21.23	22.48	9.49	8.55	12.48	11.58
Full Range Median Multiple	21.76	22.75	10.59	9.49	15.57	14.86
Industry Multiple	99.73	98.36	17.00	16.12	23.64	21.51
Market Implied Multiple	5.03	5.03	1.44	1.44	2.17	3.17
Company (GBUS.MI) Multiple	4.53	4.53	1.33	1.33	2.01	2.95
(*) Net Income / EBITDA / Revenue	12	12	56	56	37	25
Winsorized Enterprise Value	N/A	N/A	534	481	465	295
Full Range Median Enterprise Value	N/A	N/A	596	534	580	378
(-) Net Debt	23	23	23	23	23	23
Winsorized Equity Value	244	259	511	458	442	272
Full Range Median Equity Value	250	262	573	511	557	355
(/) Shares Outstanding	6	6	6	6	6	6
Winsorized Fair Value	$41.95	$44.43	$87.86	$78.70	$75.98	$46.71
Full Range Median Fair Value	$43.01	$44.96	$98.49	$87.86	$95.76	$61.03
Current Price	$9.95	$9.95	$9.95	$9.95	$9.95	$9.95
Upside / Downside	321.64%	346.48%	782.99%	690.93%	663.60%	369.49%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$29.37	$31.10	$61.50	$55.09	$53.18	$32.70
Buy / Don't Buy	BUY	BUY	BUY	BUY	BUY	BUY