Huntington Ingalls Industries, Inc.

DB:HI4

美國 / 工業 / 航空、太空及國防

綜觀

股息

5 年 DCF 增長退出價

股價

182.15 EUR

公允價值

200.57 EUR

Metrics	Range	Conclusion
Discount Rate	9.0% - 8.0%	8.5%
Perpetuity Growth Rate	2.0% - 3.0%	2.5%
Fair Value	€166.12 - €248.76	€200.57
Upside	-2.5% - 46.1%	17.8%

4.5%

Revenue 5y CAGR

8.7%

5y Avg EBITDA Margin

8.5%

Unlevered FCF 5y CAGR

5-Year DCF Model: Gordon Growth Exit

股價

182.15 EUR

公允價值

200.57 EUR

看漲

17.8%

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

Revenue	11,535	11,926	12,465	13,041	13,861	14,362
% Growth	0.7%	3.4%	4.5%	4.6%	6.3%	3.6%

EBITDA	991	967	1,057	1,137	1,228	1,311
% of Revenue	8.6%	8.1%	8.5%	8.7%	8.9%	9.1%

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	Terminal

EBITDA		967	1,057	1,137	1,228	1,311	1,311
Other Income / (Exp)		0	0	0	0	0	0
D&A		(340)	(340)	(344)	(407)	(454)	(373)

EBIT		627	717	794	821	857	938
Pro forma Taxes		(100)	(115)	(127)	(131)	(137)	(150)
NOPAT	559	527	602	667	690	720	788

Capital Expenditures	(367)	(474)	(436)	(362)	(392)	(393)	(393)
NWC Investment	(1)	(4)	(6)	(6)	(9)	(5)	(4)
(+) D&A	326	340	340	344	407	454	373

Free Cash Flow	517	389	501	642	696	776	764
% Growth		-25%	29%	28%	8%	11%	-1%

載入錯誤

Huntington Ingalls Industries, Inc.

DB:HI4

美國 / 工業 / 航空、太空及國防

5 年 DCF 增長退出價