Molinos Rio de la Plata SA

BASE:MOLI5

阿根廷 / 必需消費品 / 食物產品

綜觀

股息

5 年 DCF 收入退出價

股價

5,000.00 ARS

公允價值

3,538.22 ARS

Metrics	Range	Conclusion
Discount Rate	9.5% - 8.5%	9.0%
Terminal Revenue Multiple	0.9x - 1.0x	0.9x
Fair Value	ARS 3,312 - ARS 3,773	ARS 3,538
Upside	-33.8% - -24.5%	-29.2%

0.8%

Revenue 5y CAGR

6.0%

5y Avg EBITDA Margin

Unlevered FCF 5y CAGR

5-Year DCF Model: Revenue Exit

股價

5,000.00 ARS

公允價值

3,538.22 ARS

看漲

-29.2%

Revenue and EBITDA

CapEx

Working Capital

D&A

Tax Rate

Discount Rate

Terminal Value


Select Revenue and EBITDA Forecast

(ARS in millions)		Input Projections
Fiscal Years Ending	Dec-24	Dec-25	Dec-26	Dec-27	Dec-28	Dec-29

Revenue	882,117	557,607	671,452	765,053	854,729	918,834
% Growth	-6.4%	-36.8%	20.4%	13.9%	11.7%	7.5%

EBITDA	-1,296	32,662	40,454	45,853	46,718	59,410
% of Revenue	-0.1%	5.9%	6.0%	6.0%	5.5%	6.5%

支援算式

Calculation of Free Cash Flow

Discounting Periods

Discounting Factors

Calculation of Enterprise Value

Equity Waterfall

Historical Financials

Current Trading Multiples


Calculation of Free Cash Flow

Projected Unlevered Cash Flow
(ARS in millions)		Dec-25	Dec-26	Dec-27	Dec-28	Dec-29

EBITDA		32,662	40,454	45,853	46,718	59,410
Other Income / (Exp)		0	0	0	0	0
D&A		(13,460)	(16,209)	(18,468)	(20,633)	(22,180)

EBIT		19,202	24,245	27,385	26,085	37,230
Pro forma Taxes		(4,608)	(5,819)	(6,572)	(6,260)	(8,935)
NOPAT	(14,904)	14,593	18,427	20,813	19,825	28,295

Capital Expenditures	(26,427)	(4,000)	(5,000)	(5,700)	(6,500)	(6,988)
NWC Investment	8,992	48,188	(16,905)	(13,899)	(13,316)	(9,519)
(+) D&A	18,314	13,460	16,209	18,468	20,633	22,180

Free Cash Flow	(14,025)	72,242	12,730	19,681	20,641	33,968
% Growth		NM	-82%	55%	5%	65%

載入錯誤

Molinos Rio de la Plata SA

BASE:MOLI5

阿根廷 / 必需消費品 / 食物產品

5 年 DCF 收入退出價