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Filing Flows › Arxis (ARXS) › Takeover & LBO

Is Arxis (ARXS) a takeover target?

A leveraged buyout at today's price plus 30% ($66.07 a share) would return a loss of about 1% a year to a private-equity buyer over 5 years; the most a buyer could pay for a 20% return is $25.89 a share (−49% against today's $50.82). Historically 4.4% of companies with its figures were bought within a year (0.87× the average).

Share price$50.82
Offer at +30%$66.07
Buyer's IRR−1%
Most for 20%$25.89
EV / EBITDA45.0×
Buyout debt5.5× EBITDA

The buyout, step by step

EntryAmountHow
Offer price a share$66.07today's $50.82 plus 30%
× shares427.0 million
= Equity value$28.2B
+ Debt refinanced$2.7B
− Cash$494M
= Enterprise value$30.4B57.3× EBITDA of $531M
Fees$608M2% of the price
New debt$2.9B5.5× EBITDA at 7.65% a year; the limit that binds: 5.5× EBITDA
Buyer's own money$28.1B91% of the cost

5 years under the buyer

Arxis: buyout debt left, year by yearArxis: buyout debt left, year by year$2.9BEntry$2.7BYear 1$2.4BYear 2$2.1BYear 3$1.7BYear 4$1.3BYear 5
Free cash flow after interest and tax repays the debt; a shortfall is borrowed.
YearRevenueEBITDAInterestFree cash flowDebt left
Year 1$2.0B$547M$223M$249M$2.7B
Year 2$2.0B$563M$204M$280M$2.4B
Year 3$2.1B$580M$183M$312M$2.1B
Year 4$2.2B$597M$159M$347M$1.7B
Year 5$2.2B$615M$132M$385M$1.3B

The exit and the buyer's return

ExitAmount
Exit multiple45.0× EBITDAtoday's trading multiple, before any premium
Enterprise value at exit$27.7B
− Debt left$1.3B
= Buyer's equity$26.3B
Money multiple0.94×on $28.1B put in
Buyer's yearly return (IRR)−1.3%

Price against return

What the buyer makes at other premiums over today's $50.82; the IRR reaches 20% at $25.89 a share.

PremiumPrice a shareBuyer's IRR
10%$55.902.2%
20%$60.980.4%
30%$66.07−1.3%
40%$71.15−2.8%
50%$76.23−4.1%

The figures used

FigureAmount
Revenue, last 12 months$1.9B
EBITDA, last 12 months$531M27.6% of revenue
Depreciation and amortization$212M
Capital spending$54.0M
Debt$2.7B
Cash$494M
Share price$50.82on Oct 30, 2026

Fixed rules, the same as the interactive view's starting point: the shares are bought at today's price plus 30%, the company's debt is refinanced and fees take 2%. New debt is the least of 5.5× EBITDA, 65% of the price and the amount whose interest EBITDA covers 2 times, at 7.65% a year (SOFR 3.89% plus the high-yield B spread 3.26% plus 0.5%, rates of Oct 15, 2026). Revenue grows 3.0% in the first year — the company's own rate, held between −3% and +8% — fading to 3% by year 5; the EBITDA margin, depreciation and capital spending stay at today's share of revenue; working capital takes 10% of each year's added revenue; tax is 12% of profit after interest. Every dollar of free cash flow repays debt. After 5 years the buyer sells at today's multiple of EBITDA.

What a takeover could cost

Takeovers in its sector paid a median premium of 40% over the share price before the deal (the middle half 14.7% to 60.2%), according to the 20 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, Arxis would cost about $71.15 a share, $30.4B for all its shares.

Premium%Price a shareAll shares
Low end (a quarter of deals paid less)14.7%$58.29$24.9B
Median40%$71.15$30.4B
High end (a quarter paid more)60.2%$81.41$34.8B

The odds, from history

Historically 4.4% of companies with its figures were bought within a year (0.87× the average). Its figures put it in decile 5 of 10 (10 = the most likely to be bought). The odds come from a model of every merger proxy, tender-offer response and going-private statement filed on EDGAR since 2011, set against each company's size, margins, debt, cash flow and growth the year before.

Arxis' latest quarter

Arxis, Q3 2026: revenue $564M (+36% year over year), operating margin 23.7%, net earnings $83.7M, operating cash flow $169M. The chart follows the revenue to costs, profit and cash.

Questions

Is Arxis being acquired?

No headline, 8-K or 13D about a sale is on file in the last year.

Could private equity buy Arxis?

A leveraged buyout at today's price plus 30% ($66.07 a share) would return a loss of about 1% a year to a private-equity buyer over 5 years; the most a buyer could pay for a 20% return is $25.89 a share (−49% against today's $50.82).

What would a takeover of Arxis cost?

Takeovers in its sector paid a median premium of 40% over the share price before the deal (the middle half 14.7% to 60.2%), according to the 20 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, Arxis would cost about $71.15 a share, $30.4B for all its shares.

Open the interactive view →

Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.