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Amer Sports, Inc.
DB:483
芬蘭 / 非必需消費品 / 紡織、成衣及奢侈品
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€
綜觀
股息
財報
模型
財務狀況
比較
穩健度
圖表
10 年 DCF EBITDA 退出價
股價
19.50
EUR
公允價值
19.40
EUR
Metrics
Range
Conclusion
Discount Rate
10.0% - 9.0%
9.5%
Terminal EBITDA Multiple
9.6x - 11.6x
10.6x
Fair Value
€17.35 - €21.60
€19.40
Upside
-7.2% - 15.5%
3.7%
8.1%
Revenue 10y CAGR
17.9%
10y Avg EBITDA Margin
25.2%
Unlevered FCF 10y CAGR
10-Year DCF Model: EBITDA Exit
分享
儲存
股價
19.50
EUR
公允價值
19.40
EUR
看漲
3.7%
Revenue and EBITDA
CapEx
Working Capital
D&A
Tax Rate
Discount Rate
Terminal Value
Select Revenue and EBITDA Forecast
(USD in millions)
Input Projections
Fiscal Years Ending
Dec-24
Dec-25
Dec-26
Dec-27
Dec-28
Dec-29
Dec-30
Dec-31
Dec-32
Dec-33
Dec-34
Revenue
5,183
5,963
6,735
7,587
8,576
9,557
10,273
10,633
10,845
11,062
11,284
% Growth
17.8%
15.0%
12.9%
12.7%
13.0%
11.4%
7.5%
3.5%
2.0%
2.0%
2.0%
EBITDA
621
1,012
1,210
1,395
1,479
1,680
1,857
1,922
1,960
1,999
2,039
% of Revenue
12.0%
17.0%
18.0%
18.4%
17.2%
17.6%
18.1%
18.1%
18.1%
18.1%
18.1%
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
(USD in millions)
Dec-25
Dec-26
Dec-27
Dec-28
Dec-29
Dec-30
Dec-31
Dec-32
Dec-33
Dec-34
EBITDA
1,012
1,210
1,395
1,479
1,680
1,857
1,922
1,960
1,999
2,039
Other Income / (Exp)
0
0
0
0
0
0
0
0
0
0
D&A
(313)
(362)
(380)
(202)
(212)
(227)
(235)
(240)
(245)
(250)
EBIT
699
848
1,015
1,277
1,468
1,629
1,686
1,720
1,755
1,790
Pro forma Taxes
(210)
(254)
(304)
(383)
(440)
(489)
(506)
(516)
(526)
(537)
NOPAT
330
489
594
710
894
1,028
1,141
1,181
1,204
1,228
1,253
Capital Expenditures
(229)
(298)
(287)
(295)
(438)
(585)
(439)
(454)
(464)
(452)
(457)
NWC Investment
(144)
(144)
(142)
(157)
(182)
(181)
(132)
(66)
(39)
(40)
(41)
(+) D&A
149
313
362
380
202
212
227
235
240
245
250
Free Cash Flow
106
361
526
638
476
474
797
895
941
981
1,005
% Growth
240%
46%
21%
-25%
-1%
68%
12%
5%
4%
2%
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