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SCC
4.7%
SMCB
3.3%
HK
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勁減45%
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Rp
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
260.00
IDR
公允價值
356.36
IDR
Metrics
Range
Conclusion
Discount Rate
10.0% - 9.0%
9.5%
Perpetuity Growth Rate
2.5% - 3.5%
3.0%
Fair Value
Rp308.07 - Rp422.07
Rp356.36
Upside
18.5% - 62.3%
37.1%
2.0%
Revenue 5y CAGR
20.8%
5y Avg EBITDA Margin
0.6%
Unlevered FCF 5y CAGR
5-Year DCF Model: Gordon Growth Exit
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儲存
股價
260.00
IDR
公允價值
356.36
IDR
看漲
37.1%
Revenue and EBITDA
CapEx
Working Capital
D&A
Tax Rate
Discount Rate
Terminal Value
Select Revenue and EBITDA Forecast
(IDR in millions)
Input Projections
Fiscal Years Ending
Dec-24
Dec-25
Dec-26
Dec-27
Dec-28
Dec-29
Revenue
2,091,352
2,133,179
2,175,843
2,219,360
2,263,747
2,309,022
% Growth
2.5%
2.0%
2.0%
2.0%
2.0%
2.0%
EBITDA
429,718
443,638
452,510
461,561
470,792
480,208
% of Revenue
20.5%
20.8%
20.8%
20.8%
20.8%
20.8%
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
(IDR in millions)
Dec-25
Dec-26
Dec-27
Dec-28
Dec-29
Terminal
EBITDA
443,638
452,510
461,561
470,792
480,208
480,208
Other Income / (Exp)
0
0
0
0
0
0
D&A
(197,213)
(201,157)
(205,180)
(209,284)
(213,469)
(65,771)
EBIT
246,425
251,353
256,381
261,508
266,738
414,437
Pro forma Taxes
(66,535)
(67,865)
(69,223)
(70,607)
(72,019)
(111,898)
NOPAT
170,667
179,890
183,488
187,158
190,901
194,719
302,539
Capital Expenditures
(37,290)
(61,020)
(65,240)
(66,544)
(67,875)
(69,233)
(69,233)
NWC Investment
(7,199)
(5,942)
(6,061)
(6,183)
(6,306)
(6,432)
(9,841)
(+) D&A
195,927
197,213
201,157
205,180
209,284
213,469
65,771
Free Cash Flow
322,105
310,141
313,344
319,611
326,003
332,523
289,236
% Growth
-4%
1%
2%
2%
2%
-13%
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