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SFR
10.9%
0A5S
-3.5%
RNO
3.0%
HK
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DB:QS2A
英國 / 工業 / 工業企業集團
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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
22.60
EUR
公允價值
30.14
EUR
Metrics
Range
Conclusion
Discount Rate
9.0% - 8.0%
8.5%
Terminal EBITDA Multiple
9.6x - 11.6x
10.6x
Fair Value
€27.28 - €33.22
€30.14
Upside
21.3% - 47.8%
34.1%
4.5%
Revenue 10y CAGR
22.4%
10y Avg EBITDA Margin
8.5%
Unlevered FCF 10y CAGR
10-Year DCF Model: EBITDA Exit
分享
儲存
股價
22.60
EUR
公允價值
30.14
EUR
看漲
34.1%
Revenue and EBITDA
CapEx
Working Capital
D&A
Tax Rate
Discount Rate
Terminal Value
Select Revenue and EBITDA Forecast
(GBP in millions)
Input Projections
Fiscal Years Ending
Jul-24
Jul-25
Jul-26
Jul-27
Jul-28
Jul-29
Jul-30
Jul-31
Jul-32
Jul-33
Jul-34
Revenue
3,132
3,325
3,495
3,626
3,831
3,633
4,153
4,323
4,500
4,684
4,876
% Growth
3.1%
6.1%
5.1%
3.7%
5.7%
-5.2%
14.3%
4.1%
4.1%
4.1%
4.1%
EBITDA
540
663
720
792
833
908
948
990
1,035
1,081
1,134
% of Revenue
17.2%
19.9%
20.6%
21.9%
21.7%
25.0%
22.8%
22.9%
23.0%
23.1%
23.3%
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
(GBP in millions)
Jul-25
Jul-26
Jul-27
Jul-28
Jul-29
Jul-30
Jul-31
Jul-32
Jul-33
Jul-34
EBITDA
663
720
792
833
908
948
990
1,035
1,081
1,134
Other Income / (Exp)
0
0
0
0
0
0
0
0
0
0
D&A
(90)
(98)
(127)
(134)
(175)
(200)
(208)
(217)
(226)
(235)
EBIT
573
622
665
699
733
748
782
818
855
899
Pro forma Taxes
(218)
(236)
(253)
(266)
(279)
(284)
(297)
(311)
(325)
(342)
NOPAT
277
355
386
412
433
454
464
485
507
530
557
Capital Expenditures
(68)
(101)
(95)
(94)
(121)
(121)
(112)
(116)
(116)
(115)
(116)
NWC Investment
(20)
(40)
(36)
(27)
(43)
41
(108)
(35)
(37)
(38)
(40)
(+) D&A
94
90
98
127
134
175
200
208
217
226
235
Free Cash Flow
283
304
353
418
404
550
444
541
571
603
637
% Growth
8%
16%
19%
-3%
36%
-19%
22%
6%
6%
6%
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