Hirose Electric Co.,Ltd.

OTCPK:HRSEF

日本 / 資訊科技 / 電子設備、儀器及組件

綜觀

股息

5 年 DCF EBITDA 退出價

股價

127.26 USD

公允價值

125.69 USD

Metrics	Range	Conclusion
Discount Rate	8.8% - 7.8%	8.3%
Terminal EBITDA Multiple	7.0x - 9.0x	8.0x
Fair Value	$112.33 - $139.52	$125.69
Upside	-10.5% - 11.1%	0.1%

6.4%

Revenue 5y CAGR

32.8%

5y Avg EBITDA Margin

0.8%

Unlevered FCF 5y CAGR

5-Year DCF Model: EBITDA Exit

股價

127.26 USD

公允價值

125.69 USD

看漲

0.1%

Revenue and EBITDA

CapEx

Working Capital

D&A

Tax Rate

Discount Rate

Terminal Value


Select Revenue and EBITDA Forecast

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

Revenue	165,509	190,000	202,432	212,800	216,105	225,470
% Growth	-9.7%	14.8%	6.5%	5.1%	1.6%	4.3%

EBITDA	52,312	58,168	63,463	68,211	75,159	79,909
% of Revenue	31.6%	30.6%	31.4%	32.1%	34.8%	35.4%

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

EBITDA		58,168	63,463	68,211	75,159	79,909
Other Income / (Exp)		0	0	0	0	0
D&A		(15,668)	(17,463)	(18,211)	(21,719)	(23,363)

EBIT		42,500	46,000	50,000	53,440	56,546
Pro forma Taxes		(12,325)	(13,340)	(14,500)	(15,498)	(16,398)
NOPAT	25,180	30,175	32,660	35,500	37,942	40,148

Capital Expenditures	(32,064)	(21,500)	(21,500)	(20,500)	(31,621)	(32,677)
NWC Investment	13,038	(18,025)	(9,149)	(7,631)	(2,432)	(6,893)
(+) D&A	16,847	15,668	17,463	18,211	21,719	23,363

Free Cash Flow	23,001	6,318	19,474	25,580	25,608	23,941
% Growth		-73%	208%	31%	0%	-7%

載入錯誤

Hirose Electric Co.,Ltd.

OTCPK:HRSEF

日本 / 資訊科技 / 電子設備、儀器及組件

5 年 DCF EBITDA 退出價