Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM Revenue Multiple | 3.0x - 3.3x | 3.1x |
| Selected Fwd Revenue Multiple | 2.7x - 3.0x | 2.9x |
| Fair Value | $0.43 - $0.47 | $0.45 |
| Upside | 77.5% - 97.8% | 87.6% |
| Benchmarks | Ticker | Full Ticker |
|---|---|---|
| Nerdy, Inc. | NRDY | NYSE:NRDY |
| The Beachbody Company, Inc. | BODI | NYSE:BODI |
| Duolingo, Inc. | DUOL * | BMV:DUOL* |
| Frontdoor, Inc. | FTDR | NasdaqGS:FTDR |
| Coursera, Inc. | COUR * | BMV:COUR* |
| MiniLuxe Holding Corp. | MNLX.F | OTCPK:MNLX.F |
| Select LTM Revenue Multiple | ||||||||
| Benchmark Companies | ||||||||
| NRDY | BODI | DUOL * | FTDR | COUR * | MNLX.F | |||
| NYSE:NRDY | NYSE:BODI | BMV:DUOL* | NasdaqGS:FTDR | BMV:COUR* | OTCPK:MNLX.F | |||
| Historical Revenue Growth | ||||||||
| 5Y CAGR | 16.0% | -11.1% | 60.3% | 6.2% | 30.4% | 3.2% | ||
| 3Y CAGR | 10.6% | -21.7% | 44.0% | 4.8% | 18.7% | 16.1% | ||
| Latest Twelve Months | -10.9% | -32.0% | 39.5% | 8.6% | 7.1% | 6.6% | ||
| Historical EBIT Profit Margin | ||||||||
| 5 Year Average Margin | -41.6% | -14.2% | -7.7% | 14.7% | -25.0% | -49.2% | ||
| Prior Fiscal Year | -28.7% | -17.3% | -2.4% | 15.0% | -23.3% | -42.5% | ||
| Latest Fiscal Year | -36.9% | -9.2% | 8.5% | 18.4% | -14.7% | -23.5% | ||
| Latest Twelve Months | -39.4% | -7.6% | 9.7% | 19.4% | -10.2% | -23.7% | ||
| Current Trading Multiples | ||||||||
| EV / LTM Revenue | 0.76x | 0.13x | 15.79x | 2.54x | 1.63x | 2.96x | ||
| EV / LTM EBIT | -1.9x | -1.7x | 162.4x | 13.1x | -16.0x | -12.5x | ||
| Price / LTM Sales | 1.31x | 0.12x | 16.92x | 2.21x | 2.70x | 2.72x | ||
| Low | Mid | High | ||||||
| Benchmark EV / LTM Revenue | 0.13x | 1.63x | 15.79x | |||||
| Historical EV / LTM Revenue | 1.82x | 3.08x | 16.77x | |||||
| Selected EV / LTM Revenue | 2.97x | 3.13x | 3.29x | |||||
| (x) LTM Revenue | 27 | 27 | 27 | |||||
| (=) Implied Enterprise Value | 79 | 83 | 88 | |||||
| (-) Non-shareholder Claims * | (6) | (6) | (6) | |||||
| (=) Equity Value | 73 | 77 | 82 | |||||
| (/) Shares Outstanding | 167.0 | 167.0 | 167.0 | |||||
| Implied Value Range | 0.44 | 0.46 | 0.49 | |||||
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | ||||
| Implied Value Range (Trading Cur) | 0.44 | 0.46 | 0.49 | 0.24 | ||||
| Upside / (Downside) | 82.6% | 93.0% | 103.4% | |||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | NRDY | BODI | DUOL * | FTDR | COUR * | MNLX.F | |
| Enterprise Value | 136 | 41 | 17,441 | 4,998 | 12 | 46 | |
| (+) Cash & Short Term Investments | 37 | 25 | 1,098 | 562 | 775 | 7 | |
| (+) Investments & Other | 0 | 0 | 75 | 1 | 0 | 0 | |
| (-) Debt | (3) | (27) | (97) | (1,225) | 0 | (13) | |
| (-) Other Liabilities | (17) | 0 | 0 | 0 | 0 | (0) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 153 | 40 | 18,518 | 4,336 | 787 | 40 | |
| (/) Shares Outstanding | 121.4 | 7.1 | 50.8 | 72.8 | 67.2 | 167.0 | |
| Implied Stock Price | 1.26 | 5.65 | 364.64 | 59.52 | 11.71 | 0.24 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 0.05 | 1.00 | 0.05 | 1.00 | |
| Implied Stock Price (Trading Cur) | 1.26 | 5.65 | 6,852.00 | 59.52 | 220.00 | 0.24 | |
| Trading Currency | USD | USD | MXN | USD | MXN | USD | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 0.05 | 1.00 | 0.05 | 1.00 | |