FCF
TMT Market Study

FCF regularly engages in research on the TMT sector based on available data from European TMT companies. The findings are regularly published in the

FCF TMT MARKET STUDY

The FCF TMT Market Study includes:

Market Fundamentals: Development of key P&L metrics (revenue, EBITDA, EBIT) and profitability metrics (EBITDA-/ EBIT margin)

Market Valuation: Development of valuation multiples (EV / EBITDA, EV / EBIT)

Credit Statistics: Development of relevant credit metrics (net leverage ratio, equity ratio, EBITDA interest cover ratio and loan-to-value ratios), market rating and implied cost of capital (WACC)

Key findings of the FCF TMT Market Study (October 2023):

  • Revenue Development ’22: +17.1%
  • EBITDA Development ’22: +6.9%
  • EBITDA Margin ‘22: 16.2%
  • EV / EBITDA-Multiple ‘22: 12.8x
  • Net Leverage ’22: 2.5x
  • Equity Ratio ’22: 49.7%
  • Rating ’22: BXX-
  • WACC ’22: 6.3%
Key findings of the FCF Automotive Supplier Market Study (October 2021):
  • Revenue is expected to increase by 14.6% from ’20 to ’21 after a decrease of 7.4% in ’20
  • EBITDA is expected to increase by 63.2% from ’20 to ’21 after a decrease of 18.5% in ’20
  • EBIT is expected to increase by 56.4% from ’20 to ’21 after a decrease of 24.7% in ’20
  • EBITDA margin decreased from 18.0% in ’19 to 15.8% in ’20
  • EV / EBITDA valuation increased from 13.3x in ’19 to 15.6x in ’20
  • EV / EBIT valuation increased from 20.2x in ’19 to 23.3x in ’20
  • Net leverage increased from 2.6x in ’19 to 2.7x in ’20
  • Implied Credit Rating decreased by 1 Rating-Notch from BXX+ in ’19 to BXX in ’20
  • The number of Private Equity deals increased from 668 in ’19 to 760 in ’20 and the number of M&A deals decreased from 879 in ’19 to 762 in ’20

SMALLCAP / MIDCAP RESEARCH SERIES

The FCF SmallCap / MidCap research reports are periodically updated and cover eight specific sectors as well as certain general capital market developments. Based on the data of publicly listed European corporates, the respective sector and market are individually analyzed. Our systematic analyses include information to, amongst others:

Sector Research

Automotive Supplier Market Study
Research on the automotive supplier sector based on available data from European automotive suppliers.

European Chemicals Market Study
Research on the chemicals sector based on available data from European chemical companies.

Forestry Paper and Packaging Market Study Cover GenericForestry, Paper and Packaging Market Study Research on the forestry, paper and packaging sector based on available data from European forestry, paper and packaging companies.

Industrial Machinery Market Study
Research on the industrial machinery sector based on available data from European industrial machinery companies.

Metals and Materials Market Study CoverMetals & Materials Market Study
Research on the metals & materials sector based on available data from European metals & materials producers.

Logistics & Transportation Market Study
Research on the logistics and transport sector based on publicly available data from European logistics and transportation providers.

European Infrastructure & Construction Market Study
Research on the logistics and transport sector based on publicly available data from European logistics and transportation providers.

Pharmaceutical Market Study CoverEuropean Pharmaceutical Market Study
Research on the pharma sector based on available data from European pharma companies.

Pharmaceutical Market Study CoverTMT Market Study
Research on the TMT sector based on available data from European TMT companies.

Recycling Services Market Study CoverEuropean Recycling Services Market Study
Research on the recycling services sector based on available data from European recycling services companies.

Market Research

The FCF market research covers e.g. fundamental analysis of interest rate and margin development in the German corporate lending / debt market, development of the rating and credit standing of banks addressing the German MidCap corporate lending market, etc.

Bank Monitor
Analysis of the historic and current spreads of credit default swaps for banks most active in the German corporate lending market.

IPO Market Monitor
Providing relevant valuation metrics (e.g. ratios, multiples), general information and performance data of European IPOs that have been issued within the last six months.

Valuation Monitor
The FCF Valuation Monitor is a comprehensive quarterly valuation analysis (e.g. ratios and multiples) for the German small / midcap market segment of selected industry sectors.

Credit Monitor
Comprehensive analysis of the interest rate environment and loan market for corporates in Germany.

NEWS & PRESS

thumbnail of 2023-12-31 – Bank Monitor Q4 2023

FCF Bank Monitor – Q4 2023 published

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Bank Monitor – Q4 2023”. FCF regularly engages in research on the banking sector based on available data from the most active and

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thumbnail of 2023-10-09 – Bank Monitor Q3 2023

FCF Bank Monitor – Q3 2023 published

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Bank Monitor – Q3 2023”. FCF regularly engages in research on the banking sector based on available data from the most active and

Read More »