Hexaware Technologies(HEXT)之10Y DCF Revenue Exit

股價

712.85 INR

公允價值

724.02 INR

6.2%

Revenue 10y CAGR

17.8%

10y Avg EBITDA Margin

5.4%

Unlevered FCF 10y CAGR

10-Year DCF Model: Revenue Exit

股價

712.85 INR

公允價值

724.02 INR

看漲

1.8%

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

Revenue	119,744	139,965	158,926	178,043	191,396	198,095	202,057	206,098	210,220	214,424	218,713
% Growth	15.4%	16.9%	13.5%	12.0%	7.5%	3.5%	2.0%	2.0%	2.0%	2.0%	2.0%

EBITDA	19,947	23,226	26,959	30,573	34,780	35,997	36,717	37,452	38,201	38,965	39,744
% of Revenue	16.7%	16.6%	17.0%	17.2%	18.2%	18.2%	18.2%	18.2%	18.2%	18.2%	18.2%

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

EBITDA		23,226	26,959	30,573	34,780	35,997	36,717	37,452	38,201	38,965	39,744
Other Income / (Exp)		0	0	0	0	0	0	0	0	0	0
D&A		(3,499)	(3,973)	(4,452)	(4,786)	(4,953)	(5,052)	(5,154)	(5,257)	(5,362)	(5,469)

EBIT		19,727	22,986	26,121	29,994	31,044	31,665	32,298	32,944	33,603	34,275
Pro forma Taxes		(4,340)	(5,057)	(5,747)	(6,599)	(6,830)	(6,966)	(7,106)	(7,248)	(7,393)	(7,540)
NOPAT	13,384	15,387	17,929	20,374	23,395	24,214	24,698	25,192	25,696	26,210	26,734

Capital Expenditures	(1,333)	(7,010)	(7,313)	(6,805)	(7,315)	(7,571)	(7,230)	(7,372)	(7,391)	(7,331)	(7,365)
NWC Investment	(264)	(335)	(314)	(317)	(221)	(111)	(66)	(67)	(68)	(70)	(71)
(+) D&A	2,788	3,499	3,973	4,452	4,786	4,953	5,052	5,154	5,257	5,362	5,469

Free Cash Flow	14,575	11,541	14,275	17,705	20,645	21,486	22,455	22,907	23,494	24,171	24,768
% Growth			24%	24%	17%	4%	5%	2%	3%	3%	2%

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