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ASUU.Y
10.9%
VUZI
-8.9%
WLDS
-7.9%
HK
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蘋果公司
NASDAQGS:AAPL
美國 / 資訊科技 / 科技硬件、儲存及周邊設備
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財務狀況
比較
穩健度
圖表
10 年 DCF EBITDA 退出價
股價
222.13
USD
公允價值
201.61
USD
Metrics
Range
Conclusion
Discount Rate
10.3% - 9.3%
9.8%
Terminal EBITDA Multiple
15.0x - 17.0x
16.0x
Fair Value
$187.37 - $216.84
$201.61
Upside
-15.6% - -2.4%
-9.2%
5.8%
Revenue 10y CAGR
39.0%
10y Avg EBITDA Margin
8.0%
Unlevered FCF 10y CAGR
10-Year DCF Model: EBITDA Exit
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儲存
股價
222.13
USD
公允價值
201.61
USD
看漲
-9.2%
Revenue and EBITDA
CapEx
Working Capital
D&A
Tax Rate
Discount Rate
Terminal Value
Select Revenue and EBITDA Forecast
(USD 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
391,035
409,800
443,384
472,326
518,931
555,256
603,593
637,479
659,791
672,987
686,446
% Growth
2.0%
4.8%
8.2%
6.5%
9.9%
7.0%
8.7%
5.6%
3.5%
2.0%
2.0%
EBITDA
134,661
143,097
155,797
169,157
199,209
218,710
246,919
262,966
272,169
277,613
283,165
% of Revenue
34.4%
34.9%
35.1%
35.8%
38.4%
39.4%
40.9%
41.3%
41.3%
41.3%
41.3%
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
(USD in millions)
Sep-25
Sep-26
Sep-27
Sep-28
Sep-29
Sep-30
Sep-31
Sep-32
Sep-33
Sep-34
EBITDA
143,097
155,797
169,157
199,209
218,710
246,919
262,966
272,169
277,613
283,165
Other Income / (Exp)
0
0
0
0
0
0
0
0
0
0
D&A
(11,632)
(11,928)
(13,363)
(11,666)
(12,325)
(13,398)
(14,150)
(14,645)
(14,938)
(15,237)
EBIT
131,465
143,869
155,794
187,543
206,385
233,521
248,815
257,524
262,674
267,928
Pro forma Taxes
(22,349)
(24,458)
(26,485)
(31,882)
(35,085)
(39,699)
(42,299)
(43,779)
(44,655)
(45,548)
NOPAT
102,269
109,116
119,411
129,309
155,661
171,300
193,822
206,517
213,745
218,020
222,380
Capital Expenditures
(9,447)
(10,509)
(11,404)
(11,806)
(10,979)
(11,574)
(11,453)
(11,335)
(11,454)
(11,414)
(11,401)
NWC Investment
1,101
2,665
4,770
4,111
6,619
5,159
6,865
4,813
3,169
1,874
1,912
(+) D&A
11,445
11,632
11,928
13,363
11,666
12,325
13,398
14,150
14,645
14,938
15,237
Free Cash Flow
105,368
112,904
124,705
134,977
162,967
177,210
202,633
214,144
220,105
223,418
228,128
% Growth
7%
10%
8%
21%
9%
14%
6%
3%
2%
2%
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