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10 年 DCF EBITDA 退出價
股價
31.48
USD
公允價值
45.49
USD
Metrics
Range
Conclusion
Discount Rate
11.0% - 10.0%
10.5%
Terminal EBITDA Multiple
11.0x - 13.0x
12.0x
Fair Value
$41.06 - $50.23
$45.49
Upside
27.2% - 55.7%
41.0%
2.9%
Revenue 10y CAGR
21.4%
10y Avg EBITDA Margin
3.4%
Unlevered FCF 10y CAGR
10-Year DCF Model: EBITDA Exit
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儲存
股價
31.48
USD
公允價值
45.49
USD
看漲
41.0%
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
806
800
849
882
935
968
988
1,007
1,027
1,048
1,069
% Growth
-3.6%
-0.7%
6.1%
4.0%
6.0%
3.5%
2.0%
2.0%
2.0%
2.0%
2.0%
EBITDA
150
153
172
185
206
213
217
222
226
230
235
% of Revenue
18.6%
19.1%
20.3%
21.0%
22.0%
22.0%
22.0%
22.0%
22.0%
22.0%
22.0%
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)
Dec-25
Dec-26
Dec-27
Dec-28
Dec-29
Dec-30
Dec-31
Dec-32
Dec-33
Dec-34
EBITDA
153
172
185
206
213
217
222
226
230
235
Other Income / (Exp)
0
0
56
65
0
0
0
0
0
0
D&A
(68)
(51)
(53)
(56)
(58)
(59)
(60)
(61)
(63)
(64)
EBIT
85
121
189
215
155
158
161
165
168
171
Pro forma Taxes
(21)
(30)
(47)
(54)
(39)
(40)
(40)
(41)
(42)
(43)
NOPAT
65
64
91
141
161
116
119
121
123
126
128
Capital Expenditures
(27)
(28)
(29)
(31)
(33)
(34)
(32)
(33)
(33)
(33)
(33)
NWC Investment
9
2
(14)
(10)
(16)
(10)
(6)
(6)
(6)
(6)
(6)
(+) D&A
63
68
51
53
56
58
59
60
61
63
64
Free Cash Flow
110
105
98
153
169
131
139
142
146
150
153
% Growth
-4%
-7%
56%
10%
-23%
7%
2%
2%
3%
2%
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