Using a Revenue DCF model with operating margin convergence from -30.8% to a target of 12.9% over 5 years, discounted at a WACC of 8.7%, Perimeter Solutions, S.A. (PRM) has an intrinsic value of $6.26 per share (range: $0.23 – $24.20).
Using the industry peer median EV/Revenue multiple (trailing + forward), Perimeter Solutions, S.A. (PRM) has a fair value of $8.33 based on 10 comparable companies in the Chemicals - Specialty industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/Revenue | Forward EV/Revenue | |
|---|---|---|---|
| Perimeter Solutions, S.A.PRM | 5,046 | 7.3x | 8.7x |
| Sasol Limited | 7,956 | 0.9x | — |
| Knife River Corporation | 4,240 | 1.7x | 1.6x |
| Sensient Technologies Corporation | 3,920 | 2.9x | 3.0x |
| Cabot Corporation | 3,885 | 1.3x | 1.3x |
| United States Lime & Minerals, Inc. | 3,780 | 9.2x | 8.9x |
| Olin Corporation | 3,322 | 1.0x | 1.0x |
| Avient Corporation | 3,181 | 1.4x | 1.4x |
| H.B. Fuller Company | 3,158 | 1.5x | 1.4x |
| Hawkins, Inc. | 3,125 | 3.4x | 3.6x |
| WD-40 Company | 2,848 | 4.7x | 4.9x |
| Industry Median | 1.6x | 1.6x | |
| (*) Revenue | 653 | 546 | |
| = Enterprise Value | 1,034 | 862 | |
| (-) Net Debt | -292 | -292 | |
| Equity Value | 1,326 | 1,154 | |
| (/) Outstanding shares | 149 | 149 | |
| Fair Price | $9 | $8 | |
Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.