Odd Molly, Finance

In: Business and Management

Submitted By olabje
Words 1348
Pages 6
Företagsvärdering

PM 3
FEKH80
HT-11
2011-10-20

Författare:

Inledning
I vår företagsvärdering har vi valt att jämföra följande företag, Odd Molly, Björn Borg, MQ Holding och Kapp Ahl. Företagen är verksamma i branschen sällanköp textil och är noterade på OMX Mid/Small Cap.
Vi inledde analysen med att jämföra Odd Molly med liknande företag i branschen för att se om vi kunde hitta några markanta skillnader som skulle kunna tyda på fel värdering.

Ratio | Odd Molly | Björn Borg | MQ Holding | Kapp Ahl | P/E-tal | 11,84x | 17,19x | 21,96x | 9,89x | EV/Sales | 0,95x | 2,55x | 1,35x | 1,14x | EV/EBITDA | 6,28x | 10,26x | 10,09x | 7,44x | EBITDA/Sales | 15,2% | 24,8% | 13,4% | 15,4% |

Val av företag
Utifrån våra nyckeltal kan vi notera att Odd Molly har ett högre P/E tal än Kapp Ahl men lägre än MQ Holding och Björn borg. MQ Holding har det högsta P/E talet av våra fyra företag. Generellt kan man säga att ju lägre P/E tal desto bättre. I jämförelse med de andra företagen har Odd Molly det lägsta EV/sales och EV/EBITDA. Ett lågt EV/EBITDA skulle kunna vara ett tecken på att företaget är undervärderat. Man brukar anse att ett högre EBITDA/Sales är att föredra då det skulle kunna tyda på att företaget håller sitt resultat på en god nivå. När vi studerar våra EBITDA/sales ser vi att Odd Molly befinner sig under Björn Borg och Kapp Ahl.
Vi har både jämfört dessa företag utifrån senaste kvartalsredovisning samt årsredovisning för år 2010. Den senare har dock visat en mer rättvisande bild av företagets siffror och vi har därför valt att utgå från den. | Range | | Pris (Mkr) | | Ratio | Low | High | Low | High | P/E-tal | 9,89x | 21,96x | 358,02 | 794,95 | EV/Sales | 1,14x | 2,55x | 401,41 | 902,74 | EV/EBITDA | 7,44x | 10,26x | 401,88 | 554,20 |

Vi har valt att granska företaget Odd…...

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