Finolex Cables

NSEI:FINCABLES

印度 / 工業 / 電子設備

綜觀

股息

5 年 DCF EBITDA 退出價

股價

912.00 INR

公允價值

897.73 INR

Metrics	Range	Conclusion
Discount Rate	9.3% - 8.3%	8.8%
Terminal EBITDA Multiple	11.0x - 13.0x	12.0x
Fair Value	₹838.65 - ₹958.84	₹897.73
Upside	-6.3% - 7.2%	0.3%

9.2%

Revenue 5y CAGR

12.0%

5y Avg EBITDA Margin

13.3%

Unlevered FCF 5y CAGR

5-Year DCF Model: EBITDA Exit

股價

912.00 INR

公允價值

897.73 INR

看漲

0.3%

Revenue and EBITDA

CapEx

Working Capital

D&A

Tax Rate

Discount Rate

Terminal Value


Select Revenue and EBITDA Forecast

(INR in millions)		Input Projections
Fiscal Years Ending	Mar-24	Mar-25	Mar-26	Mar-27	Mar-28	Mar-29

Revenue	50,144	50,661	62,840	70,050	75,304	77,939
% Growth	11.9%	1.0%	24.0%	11.5%	7.5%	3.5%

EBITDA	5,843	5,034	7,220	8,564	9,959	10,308
% of Revenue	11.7%	9.9%	11.5%	12.2%	13.2%	13.2%

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
(INR in millions)		Mar-25	Mar-26	Mar-27	Mar-28	Mar-29

EBITDA		5,034	7,220	8,564	9,959	10,308
Other Income / (Exp)		675	0	0	0	0
D&A		(435)	(570)	(642)	(690)	(714)

EBIT		5,275	6,650	7,922	9,269	9,594
Pro forma Taxes		(1,266)	(1,596)	(1,901)	(2,225)	(2,302)
NOPAT	4,141	4,009	5,054	6,021	7,045	7,291

Capital Expenditures	(2,186)	(3,000)	(1,200)	(1,537)	(1,912)	(1,979)
NWC Investment	1,191	115	2,720	1,610	1,173	589
(+) D&A	395	435	570	642	690	714

Free Cash Flow	3,540	1,559	7,144	6,736	6,996	6,615
% Growth		-56%	358%	-6%	4%	-5%

載入錯誤

Finolex Cables

NSEI:FINCABLES

印度 / 工業 / 電子設備

5 年 DCF EBITDA 退出價