Littelfuse

NASDAQGS:LFUS

美國 / 資訊科技 / 電子設備、儀器及組件

綜觀

股息

10 年 DCF 收入退出價

股價

164.76 USD

公允價值

239.16 USD

Metrics	Range	Conclusion
Discount Rate	10.5% - 9.5%	10.0%
Terminal Revenue Multiple	2.4x - 2.6x	2.5x
Fair Value	$224.69 - $254.59	$239.16
Upside	40.4% - 59.1%	49.4%

4.4%

Revenue 10y CAGR

24.1%

10y Avg EBITDA Margin

6.1%

Unlevered FCF 10y CAGR

10-Year DCF Model: Revenue Exit

股價

164.76 USD

公允價值

239.16 USD

看漲

49.4%

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	Dec-24	Dec-25	Dec-26	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Dec-32	Dec-33	Dec-34

Revenue	2,191	2,268	2,457	2,635	2,836	3,007	3,112	3,174	3,238	3,303	3,369
% Growth	-7.3%	3.5%	8.3%	7.2%	7.6%	6.0%	3.5%	2.0%	2.0%	2.0%	2.0%

EBITDA	398	452	566	629	700	748	774	790	805	822	838
% of Revenue	18.2%	19.9%	23.0%	23.9%	24.7%	24.9%	24.9%	24.9%	24.9%	24.9%	24.9%

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
		Dec-25	Dec-26	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Dec-32	Dec-33	Dec-34

EBITDA		452	566	629	700	748	774	790	805	822	838
Other Income / (Exp)		0	0	0	0	0	0	0	0	0	0
D&A		(127)	(137)	(139)	(154)	(160)	(166)	(169)	(172)	(176)	(179)

EBIT		325	429	490	546	588	609	621	633	646	659
Pro forma Taxes		(68)	(90)	(103)	(115)	(123)	(128)	(130)	(133)	(136)	(138)
NOPAT	211	257	339	387	431	465	481	490	500	510	520

Capital Expenditures	(76)	(100)	(107)	(107)	(128)	(135)	(123)	(126)	(128)	(126)	(127)
NWC Investment	41	(19)	(46)	(43)	(48)	(41)	(25)	(15)	(15)	(16)	(16)
(+) D&A	130	127	137	139	154	160	166	169	172	176	179

Free Cash Flow	307	265	323	376	409	448	498	518	529	544	557
% Growth			22%	16%	9%	9%	11%	4%	2%	3%	2%

載入錯誤

Littelfuse

NASDAQGS:LFUS

美國 / 資訊科技 / 電子設備、儀器及組件

10 年 DCF 收入退出價