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財務狀況
比較
穩健度
圖表
10 年 DCF EBITDA 退出價
股價
16.90
USD
公允價值
17.87
USD
Metrics
Range
Conclusion
Discount Rate
14.5% - 13.5%
14.0%
Terminal EBITDA Multiple
10.0x - 12.0x
11.0x
Fair Value
$14.78 - $21.18
$17.87
Upside
-12.5% - 25.3%
5.7%
3.1%
Revenue 10y CAGR
26.8%
10y Avg EBITDA Margin
8.5%
Unlevered FCF 10y CAGR
10-Year DCF Model: EBITDA Exit
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儲存
股價
16.90
USD
公允價值
17.87
USD
看漲
5.7%
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
Nov-24
Nov-25
Nov-26
Nov-27
Nov-28
Nov-29
Nov-30
Nov-31
Nov-32
Nov-33
Nov-34
Revenue
25,021
26,104
27,057
28,064
29,247
30,626
31,239
31,863
32,501
33,151
33,814
% Growth
15.9%
4.3%
3.6%
3.7%
4.2%
4.7%
2.0%
2.0%
2.0%
2.0%
2.0%
EBITDA
6,076
6,715
7,079
7,525
7,777
8,286
8,452
8,621
8,793
8,969
9,148
% of Revenue
24.3%
25.7%
26.2%
26.8%
26.6%
27.1%
27.1%
27.1%
27.1%
27.1%
27.1%
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)
Nov-25
Nov-26
Nov-27
Nov-28
Nov-29
Nov-30
Nov-31
Nov-32
Nov-33
Nov-34
EBITDA
6,715
7,079
7,525
7,777
8,286
8,452
8,621
8,793
8,969
9,148
Other Income / (Exp)
0
0
0
0
0
0
0
0
0
0
D&A
(2,758)
(2,828)
(2,976)
(2,999)
(3,175)
(3,238)
(3,303)
(3,369)
(3,436)
(3,505)
EBIT
3,957
4,251
4,549
4,778
5,112
5,214
5,318
5,424
5,533
5,644
Pro forma Taxes
(554)
(595)
(637)
(669)
(716)
(730)
(745)
(759)
(775)
(790)
NOPAT
3,026
3,403
3,656
3,912
4,109
4,396
4,484
4,573
4,665
4,758
4,853
Capital Expenditures
(4,626)
(3,473)
(2,684)
(3,256)
(3,894)
(4,131)
(3,760)
(3,836)
(3,909)
(3,835)
(3,860)
NWC Investment
1,127
356
313
331
389
453
201
205
209
214
218
(+) D&A
2,557
2,758
2,828
2,976
2,999
3,175
3,238
3,303
3,369
3,436
3,505
Free Cash Flow
2,084
3,044
4,113
3,963
3,603
3,893
4,163
4,246
4,334
4,573
4,716
% Growth
46%
35%
-4%
-9%
8%
7%
2%
2%
6%
3%
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