Table : Sector view listed soccer shares (top 5 countries).Updated : 23/11/2017 15:50        
in million €AS RomaBorussia DortmundJuventusManchester UnitedOlympique LyonS.S. Lazio
notes1 2
share price [euro;]0.00000.00000.00000.00000.00000.0000
volume000000
%NaN%NaN%NaN%NaN%NaN%NaN%
calculation of market cap and enterprise value (EV)
shares [million]3989210081654668
market capitalisation 000000
+/+ net debt 3170-36199025427
Enterprise Value (EV)170-36199025427
notes
1 Manchester United : share price converted from USD to Euro / Net Debt from GBP to EUR
2 Manchester United : current exchange rates : GBP/EUR = 0.0000 USD/EUR = 0.0000
3 As of June 30, 2016


Table : Enterprise Value in chart view
in million €12 3
AS Roma0170170
Borussia Dortmund0-36-36
Juventus0199199
Manchester United000
Olympique Lyon0254254
S.S. Lazio02727
1 Market cap + 2 Net debt = 3 Enterprise Value (EV)


Table : Forbes/KPMG versus market value at stock exhange.Updated : 23/11/2017
in million €AS RomaBorussia DortmundJuventusManchester UnitedOlympique LyonS.S. Lazio
Enterprise Value (EV)170-36199025427
EV Forbes1n.a.n.a.n.a.n.a.n.a.n.a.
EV KPMG13588309832905186233
--> EV target Forbes-KPMG3588309832905186233
EV / Forbes-KPMG [%]48%-4%20%0%136%12%
--> EV upside [%]+110%n.a.+393%+INF%n.a.+768%
1 Forbes rapport Business of Soccer 2016 (valuation converted from USD to EUR) : URL
2 KPMG report The European Elite 2016 [PDF] URL


Table : Dynamic Valuation Table on basis of Forbes/KPMG taxationsUpdated : 23/11/2017
in million €AS RomaBorussia DortmundJuventusManchester UnitedOlympique LyonS.S. Lazio
share price [€]0.000.000.000.000.000.00
shares [million]3989210081654668
market capitalisation 000000
+/+ net debt170-36199025427
Enterprise Value (EV)170-36199025427
criterium : Enterprise Value valuation by Forbes-KPMG
--> EV target3588309832905186233
-/- net debt170-36199025427
--> fair market cap1888667842905n.a.206
--> fair price [€]0.479.410.7817.64n.a.3.04
--> upside share [%]+INF%+INF%+INF%+INF%n.a.+INF%


Table : Dynamic valuation table on basis of Squad Value 12Updated : 23/11/2017
in million €AS RomaBorussia DortmundJuventusManchester UnitedOlympique LyonS.S. Lazio
Enterprise Value (EV)170-36199025427
Squad Value1 308376451466201174
+/+ Value players lent out237155914418
-/- Value players on loan 359040000
Squad Value total286391470480205192
EV / Squad Value [%]59%-9%42%0%124%14%
criterium : EV = 2 x Squad Value
--> EV target573783939959411384
--> EV upside [%]+236%n.a.+371%+INF%+62%+1330%
-/- net debt170n.a.199025427
--> fair market cap402n.a.740959157357
--> fair price [€]1.01n.a.0.735.823.425.27
--> upside share [%]+INF%n.a.+INF%+INF%+INF%+INF%
1 Squad Value Transfermarkt.de - April 5, 2017
2 Value of players lent out (only +€1m players considered) - April 5, 2017
3 Value of players on loan (only +€1m players considered) - April 5, 2017