As of June 10, 2025, Skarbiec Holding SA's estimated intrinsic value ranges from $9.98 to $88.03 per share, depending on the valuation methodology applied.
| Valuation Method | Fair Value (USD) | Implied Upside/Downside |
|---|---|---|
| Discounted Cash Flow (10Y) | $12.13 | -53.9% |
| Discounted Cash Flow (5Y) | $9.98 | -62.1% |
| Dividend Discount Model (Multi-Stage) | $13.74 | -47.7% |
| Dividend Discount Model (Stable) | $88.03 | +234.7% |
| Earnings Power Value | $53.50 | +103.4% |
Is Skarbiec Holding SA (SKH.WA) undervalued or overvalued?
With the current market price at $26.30, the stock appears to be fairly valued.
Intrinsic value represents the "true" worth of a company based on its fundamentals rather than market sentiment. We've employed multiple methodologies to triangulate Skarbiec Holding SA's intrinsic value, including:
The cost of capital is a critical factor in valuation models, representing the required return for investors.
| WACC Component | Low | High |
|---|---|---|
| Long-term bond rate | 5.5% | 6.0% |
| Equity market risk premium | 6.3% | 7.3% |
| Adjusted beta | 0.4 | 0.41 |
| Cost of equity | 8.0% | 9.5% |
| Cost of debt | 5.0% | 5.0% |
| Tax rate | 20.1% | 24.3% |
| Debt/Equity ratio | 0.01 | 0.01 |
| After-tax WACC | 8.0% | 9.5% |
Our DCF model projects cash flows over 5-year and 10-year horizons, with the following key assumptions:
| DCF Model | Fair Value | Enterprise Value | % from Terminal Value |
|---|---|---|---|
| 5-Year Growth | $10 | $(23)M | 69.1% |
| 10-Year Growth | $12 | $(8)M | 6.0% |
| 5-Year EBITDA | $14 | $8M | 190.5% |
| 10-Year EBITDA | $14 | $6M | 220.6% |
The DDM values a company based on its expected future dividend payments. We used two approaches:
EPV assesses a company's value based on its current normalized earnings power, assuming no growth.
| EPV Component | Value |
|---|---|
| Normalized Earnings | $24M |
| Discount Rate (WACC) | 9.5% - 8.0% |
| Enterprise Value | $251M - $297M |
| Net Debt | $(91)M |
| Equity Value | $342M - $388M |
| Outstanding Shares | 7M |
| Fair Value | $50 - $57 |
| Selected Fair Value | $53.50 |
| Metric | Value |
|---|---|
| Market Capitalization | $179M |
| Enterprise Value | $88M |
| Trailing P/E | 6.03 |
| Forward P/E | 58.76 |
| Trailing EV/EBITDA | 4.35 |
| Current Dividend Yield | 0.00% |
| Dividend Growth Rate (5Y) | -100.00% |
| Debt-to-Equity Ratio | 0.01 |
To determine the most reliable intrinsic value estimate, we weigh each valuation method based on:
| Valuation Method | Weight | Weighted Value |
|---|---|---|
| Discounted Cash Flow (10Y) | 30% | $3.64 |
| Discounted Cash Flow (5Y) | 25% | $2.50 |
| Dividend Discount Model (Multi-Stage) | 20% | $2.75 |
| Dividend Discount Model (Stable) | 15% | $13.20 |
| Earnings Power Value | 10% | $5.35 |
| Weighted Average | 100% | $27.44 |
Based on our comprehensive valuation analysis, Skarbiec Holding SA's weighted average intrinsic value is $27.44, which is approximately 4.3% above the current market price of $26.30.
Key investment considerations:
Given these factors, we believe Skarbiec Holding SA is currently fairly valued with the potential for long-term appreciation based on the company's growth trajectory and financial strength.