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圖表
10 年 DCF 增長退出價
股價
16.55
EUR
公允價值
18.62
EUR
Metrics
Range
Conclusion
Discount Rate
10.3% - 9.3%
9.8%
Perpetuity Growth Rate
6.3% - 7.3%
6.8%
Fair Value
€15.28 - €25.25
€18.62
Upside
-7.9% - 52.1%
12.2%
13.6%
Revenue 10y CAGR
7.2%
10y Avg EBITDA Margin
NM
Unlevered FCF 10y CAGR
10-Year DCF Model: Gordon Growth Exit
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儲存
股價
16.55
EUR
公允價值
18.62
EUR
看漲
12.2%
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
Jan-25
Jan-26
Jan-27
Jan-28
Jan-29
Jan-30
Jan-31
Jan-32
Jan-33
Jan-34
Jan-35
Revenue
821
1,010
1,231
1,473
1,900
2,261
2,544
2,734
2,830
2,887
2,944
% Growth
32.2%
22.9%
21.8%
19.7%
29.0%
19.0%
12.5%
7.5%
3.5%
2.0%
2.0%
EBITDA
-299
55
103
-4
72
181
229
260
269
275
280
% of Revenue
-36.4%
5.5%
8.3%
-0.3%
3.8%
8.0%
9.0%
9.5%
9.5%
9.5%
9.5%
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
(USD in millions)
Jan-26
Jan-27
Jan-28
Jan-29
Jan-30
Jan-31
Jan-32
Jan-33
Jan-34
Jan-35
Terminal
EBITDA
55
103
(4)
72
181
229
260
269
275
280
280
Other Income / (Exp)
0
0
170
131
131
0
0
0
0
0
0
D&A
(20)
(0)
(0)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(19)
EBIT
35
102
166
202
312
229
259
269
274
279
261
Pro forma Taxes
(5)
(14)
(23)
(28)
(44)
(32)
(36)
(38)
(38)
(39)
(37)
NOPAT
(283)
30
88
143
174
268
197
223
231
236
240
224
Capital Expenditures
(2)
(4)
(4)
(16)
(19)
(23)
(19)
(20)
(21)
(20)
(20)
(20)
NWC Investment
72
68
80
87
154
130
102
69
34
20
21
72
(+) D&A
30
20
0
0
1
1
1
1
1
1
1
19
Free Cash Flow
(182)
115
163
215
309
376
280
272
246
237
242
295
% Growth
NM
42%
31%
44%
22%
-26%
-3%
-10%
-4%
2%
22%
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