Quantum Foods Holdings

JSE:QFH

南非 / 必需消費品 / 食物產品

綜觀

股息

10 年 DCF EBITDA 退出價

股價

6.79 ZAR

公允價值

7.29 ZAR

Metrics	Range	Conclusion
Discount Rate	8.8% - 7.8%	8.3%
Terminal EBITDA Multiple	12.3x - 14.3x	13.3x
Fair Value	R6.59 - R8.05	R7.29
Upside	1.0% - 23.4%	11.8%

0.0%

Revenue 10y CAGR

3.1%

10y Avg EBITDA Margin

-20.6%

Unlevered FCF 10y CAGR

10-Year DCF Model: EBITDA Exit

股價

6.79 ZAR

公允價值

7.29 ZAR

看漲

11.8%

Revenue and EBITDA

CapEx

Working Capital

D&A

Tax Rate

Discount Rate

Terminal Value


Select Revenue and EBITDA Forecast

(ZAR in millions)		Input Projections
Fiscal Years Ending	Sep-24	Sep-25	Sep-26	Sep-27	Sep-28	Sep-29	Sep-30	Sep-31	Sep-32	Sep-33	Sep-34

Revenue	6,332	6,332	6,332	6,332	6,332	6,332	6,332	6,332	6,332	6,332	6,332
% Growth	-8.9%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

EBITDA	319	194	194	194	194	194	194	194	194	194	194
% of Revenue	5.0%	3.1%	3.1%	3.1%	3.1%	3.1%	3.1%	3.1%	3.1%	3.1%	3.1%

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
(ZAR in millions)		Sep-25	Sep-26	Sep-27	Sep-28	Sep-29	Sep-30	Sep-31	Sep-32	Sep-33	Sep-34

EBITDA		194	194	194	194	194	194	194	194	194	194
Other Income / (Exp)		0	0	0	0	0	0	0	0	0	0
D&A		(82)	(82)	(82)	(82)	(82)	(82)	(82)	(82)	(82)	(82)

EBIT		112	112	112	112	112	112	112	112	112	112
Pro forma Taxes		(31)	(31)	(31)	(31)	(31)	(31)	(31)	(31)	(31)	(31)
NOPAT	169	80	80	80	80	80	80	80	80	80	80

Capital Expenditures	(153)	(138)	(143)	(145)	(145)	(145)	(145)	(145)	(145)	(145)	(145)
NWC Investment	79	0	0	0	0	0	0	0	0	0	0
(+) D&A	84	82	82	82	82	82	82	82	82	82	82

Free Cash Flow	178	24	19	18	18	18	18	18	18	18	18
% Growth		-86%	-21%	-8%	0%	0%	0%	0%	0%	0%	0%

載入錯誤

Quantum Foods Holdings

JSE:QFH

南非 / 必需消費品 / 食物產品

10 年 DCF EBITDA 退出價