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DBOE.F
4.8%
OWL
4.2%
AC
2.0%
HK
前往
勁減45%
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觀察名單
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已儲存工作
WarrenAI
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MarketAxess Holdings Inc.
DB:MWI
美國 / 財務狀況 / 資本市場
加入觀察名單
貨幣
€
綜觀
股息
財報
模型
財務狀況
比較
穩健度
圖表
10 年 DCF 收入退出價
股價
194.65
EUR
公允價值
226.47
EUR
Metrics
Range
Conclusion
Discount Rate
10.0% - 9.0%
9.5%
Terminal Revenue Multiple
11.4x - 12.6x
12.0x
Fair Value
€211.10 - €242.91
€226.47
Upside
8.5% - 24.8%
16.3%
5.1%
Revenue 10y CAGR
51.7%
10y Avg EBITDA Margin
5.4%
Unlevered FCF 10y CAGR
10-Year DCF Model: Revenue Exit
分享
儲存
股價
194.65
EUR
公允價值
226.47
EUR
看漲
16.3%
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
817
862
953
1,043
1,108
1,197
1,239
1,264
1,289
1,315
1,341
% Growth
8.6%
5.5%
10.5%
9.5%
6.2%
8.1%
3.5%
2.0%
2.0%
2.0%
2.0%
EBITDA
415
425
480
549
569
625
647
660
673
686
700
% of Revenue
50.8%
49.3%
50.4%
52.6%
51.4%
52.2%
52.2%
52.2%
52.2%
52.2%
52.2%
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
Dec-25
Dec-26
Dec-27
Dec-28
Dec-29
Dec-30
Dec-31
Dec-32
Dec-33
Dec-34
EBITDA
425
480
549
569
625
647
660
673
686
700
Other Income / (Exp)
0
0
0
0
0
0
0
0
0
0
D&A
(73)
(76)
(83)
(80)
(83)
(86)
(87)
(89)
(91)
(93)
EBIT
352
404
466
489
542
561
572
584
595
607
Pro forma Taxes
(81)
(93)
(107)
(112)
(125)
(129)
(132)
(134)
(137)
(140)
NOPAT
262
271
311
359
377
417
432
441
449
458
468
Capital Expenditures
(10)
(65)
(70)
(74)
(74)
(79)
(76)
(76)
(77)
(76)
(77)
NWC Investment
(52)
(36)
(74)
(74)
(52)
(73)
(34)
(20)
(21)
(21)
(21)
(+) D&A
74
73
76
83
80
83
86
87
89
91
93
Free Cash Flow
274
242
244
294
330
349
408
432
441
452
462
% Growth
1%
20%
12%
6%
17%
6%
2%
2%
2%
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