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A192080
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2157
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HK
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股息
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模型
財務狀況
比較
穩健度
圖表
5 年 DCF 增長退出價
股價
51,200.00
KRW
公允價值
69,157.11
KRW
Metrics
Range
Conclusion
Discount Rate
9.0% - 8.0%
8.5%
Perpetuity Growth Rate
0.0% - 0.5%
0.0%
Fair Value
₩66,181 - ₩75,380
₩69,157
Upside
29.3% - 47.2%
35.1%
6.0%
Revenue 5y CAGR
10.6%
5y Avg EBITDA Margin
-11.0%
Unlevered FCF 5y CAGR
5-Year DCF Model: Gordon Growth Exit
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儲存
股價
51,200.00
KRW
公允價值
69,157.11
KRW
看漲
35.1%
Revenue and EBITDA
CapEx
Working Capital
D&A
Tax Rate
Discount Rate
Terminal Value
Select Revenue and EBITDA Forecast
(KRW in millions)
Input Projections
Fiscal Years Ending
Dec-24
Dec-25
Dec-26
Dec-27
Dec-28
Dec-29
Revenue
616,607
710,600
776,000
793,100
808,962
825,141
% Growth
49.8%
15.2%
9.2%
2.2%
2.0%
2.0%
EBITDA
76,433
73,300
85,100
84,249
85,934
87,652
% of Revenue
12.4%
10.3%
11.0%
10.6%
10.6%
10.6%
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
(KRW in millions)
Dec-25
Dec-26
Dec-27
Dec-28
Dec-29
Terminal
EBITDA
73,300
85,100
84,249
85,934
87,652
87,652
Other Income / (Exp)
0
0
0
0
0
0
D&A
(9,700)
(6,200)
(6,549)
(6,680)
(6,813)
(4,923)
EBIT
63,600
78,900
77,700
79,254
80,839
82,729
Pro forma Taxes
(8,904)
(11,046)
(10,878)
(11,096)
(11,317)
(11,582)
NOPAT
42,025
54,696
67,854
66,822
68,158
69,522
71,147
Capital Expenditures
(3,571)
(4,931)
(4,931)
(4,981)
(5,081)
(5,182)
(5,182)
NWC Investment
71,796
32,919
22,905
5,989
5,555
5,667
0
(+) D&A
27,567
9,700
6,200
6,549
6,680
6,813
4,923
Free Cash Flow
137,816
92,384
92,028
74,379
75,313
76,819
70,888
% Growth
-33%
0%
-19%
1%
2%
-8%
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