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AEZ
10.9%
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8CP
-8.6%
HK
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UPM-Kymmene Oyj
DB:RPL
芬蘭 / 材料 / 紙張及林木產品
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貨幣
€
綜觀
股息
財報
模型
財務狀況
比較
穩健度
圖表
5 年 DCF 增長退出價
股價
22.83
EUR
公允價值
44.73
EUR
Metrics
Range
Conclusion
Discount Rate
8.3% - 7.2%
7.8%
Perpetuity Growth Rate
0.0% - 0.5%
0.0%
Fair Value
€41.83 - €51.01
€44.73
Upside
76.6% - 115.3%
88.8%
3.8%
Revenue 5y CAGR
20.9%
5y Avg EBITDA Margin
8.3%
Unlevered FCF 5y CAGR
5-Year DCF Model: Gordon Growth Exit
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儲存
股價
22.83
EUR
公允價值
44.73
EUR
看漲
88.8%
Revenue and EBITDA
CapEx
Working Capital
D&A
Tax Rate
Discount Rate
Terminal Value
Select Revenue and EBITDA Forecast
(EUR in millions)
Input Projections
Fiscal Years Ending
Dec-24
Dec-25
Dec-26
Dec-27
Dec-28
Dec-29
Revenue
10,339
10,711
11,253
11,625
11,737
12,429
% Growth
-1.2%
3.6%
5.1%
3.3%
1.0%
5.9%
EBITDA
2,074
1,896
2,355
2,486
2,466
2,947
% of Revenue
20.1%
17.7%
20.9%
21.4%
21.0%
23.7%
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
(EUR in millions)
Dec-25
Dec-26
Dec-27
Dec-28
Dec-29
Terminal
EBITDA
1,896
2,355
2,486
2,466
2,947
2,947
Other Income / (Exp)
0
0
0
0
0
0
D&A
(646)
(696)
(629)
(666)
(1,211)
(541)
EBIT
1,250
1,659
1,857
1,800
1,736
2,406
Pro forma Taxes
(200)
(266)
(297)
(288)
(278)
(385)
NOPAT
883
1,050
1,394
1,560
1,512
1,458
2,021
Capital Expenditures
(596)
(400)
(450)
(450)
(575)
(569)
(569)
NWC Investment
21
(64)
(93)
(63)
(19)
(118)
0
(+) D&A
1,023
646
696
629
666
1,211
541
Free Cash Flow
1,331
1,232
1,547
1,675
1,583
1,982
1,993
% Growth
-7%
26%
8%
-5%
25%
1%
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