Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Sunrise Communications Group    SRCG   CH0267291224

SUNRISE COMMUNICATIONS GROUP

(SRCG)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Sunrise Board receives Fairness Opinion from ValueTrust supporting UPC Switzerland valuation and the financial terms of the transaction

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/03/2019 | 11:50am EDT

Sunrise Board receives Fairness Opinion from ValueTrust supporting UPC Switzerland valuation and the financial terms of the transaction

Sunrise Communications Group AG ("Sunrise") has engaged ValueTrust Financial Advisors SE ("ValueTrust") to provide an opinion to the board of Sunrise as to the fairness, from a financial point of view, of the consideration offered in connection with the acquisition of UPC Switzerland ("UPC Switzerland") ("Fairness Opinion").

As part of its engagement, ValueTrust has reviewed the key performance indicators ("KPIs") and financial projections of UPC Switzerland, its current trading as well as synergies emerging from the combination of UPC Switzerland and Sunrise. The valuation was performed as of the announcement date of the transaction on February 27, 2019 as well as of today. Data analysed by ValueTrust included, in addition to the original financial estimates as of February 2019, the most current UPC Switzerland financials and updated synergy estimates. ValueTrust performed multiple valuation approaches, and extensive benchmarking analysis with peer group companies and precedent transactions, capital markets and a cost of capital analysis. To account for the current market conditions and business environment of telecommunications players, ValueTrust also performed stress tests on selected KPIs to assess the downside risks based on simulation analyses.

The ValueTrust analysis supports the financial terms of the transaction and stand-alone valuation of UPC Switzerland. Adjusted for cost and capex run-rate synergies, the operating free cash flow multiple based on the acquisition value of CHF 6.3 billion is 10.2x for 2018 and 12.5x for 2019, which are below the current trading levels of key listed peers. The estimated synergy pay-away of less than 40% of the total synergy potential is below recent pay-away precedents in the industry. The full fairness opinion will be published and circulated to shareholders along with the invitation to the EGM.

The Board of Sunrise has previously received a fairness opinion from Morgan Stanley on the financial terms of the Transaction.

About ValueTrust

ValueTrust provides expert-based business valuation and financial advisory for executives and investors in demanding situations: transactions, restructuring and reorganization, dispute and arbitration as well as strategic value and portfolio management. ValueTrust supports its clients in an experience-based, partnership-based and independent spirit by clearly focusing on sustainable, practicable solutions that are both theoretically and legally sound. ValueTrust's advisory approach is based on years of project experience, the skills of its professionals, trustful cooperation with its clients as well as the support of industry-experienced senior advisors.




Provider
Channel
Contact
Tensid EQS Ltd., Switzerland
www.tensid.ch


newsbox.ch
www.newsbox.ch


Provider/Channel related enquiries
marco@tensid.ch
+41 41 763 00 50
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SUNRISE COMMUNICATIONS GRO
03:24aDespite political headwinds, Huawei wins 5G customers in Europe
RE
10/15Sunrise shareholder Canada Pension Plan Investment Board backs $2.8 billion c..
RE
10/14SUNRISE AND HUAWEI : Opening of the first European 5G Joint Innovation Center
PU
10/14Liberty Global backs Sunrise deal to tune of $500 million
RE
10/14Freenet still rejects Sunrise deal despite Liberty Global offer
RE
10/14European Corporate Roundup for Monday
DJ
10/14Liberty Global to Take Stake in Sunrise Communications in Switzerland Deal
DJ
10/14Sunrise announces commitment from Liberty Global to invest up to CHF 500 mill..
TE
10/09UPC TRANSACTION : Sunrise welcomes Inrate AG's position recommending capital inc..
PU
10/07UPC TRANSACTION : Sunrise welcomes ETHOS recommendations
PU
More news
Financials (CHF)
Sales 2019 1 875 M
EBIT 2019 196 M
Net income 2019 109 M
Debt 2019 1 391 M
Yield 2019 5,47%
P/E ratio 2019 32,8x
P/E ratio 2020 34,7x
EV / Sales2019 2,67x
EV / Sales2020 2,62x
Capitalization 3 610 M
Chart SUNRISE COMMUNICATIONS GROUP
Duration : Period :
Sunrise Communications Group Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SUNRISE COMMUNICATIONS GRO
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 78,45  CHF
Last Close Price 80,10  CHF
Spread / Highest target 12,4%
Spread / Average Target -2,05%
Spread / Lowest Target -33,8%
EPS Revisions
Managers
NameTitle
Olaf Meijer Swantee Chief Executive Officer
Peter Anton Joseph Kurer Chairman
André Krause Chief Financial Officer
Elmar Grasser Chief Technology Officer
Jens Jesper Ovesen Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
SUNRISE COMMUNICATIONS GROUP-7.35%3 617
VERIZON COMMUNICATIONS7.70%246 506
NIPPON TELEGRAPH AND TELEPHONE CORPORATION20.88%90 699
DEUTSCHE TELEKOM AG6.09%80 989
SAUDI TELECOM COMPANY SJSC--.--%53 112
BCE INC.19.66%43 892