Oisix ra daichi Inc.

OTCPK:OISXF

日本 / 必需消費品 / Consumer Staples Distribution & Retail

綜觀

股息

10 年 DCF 增長退出價

股價

7.47 USD

公允價值

10.94 USD

Metrics	Range	Conclusion
Discount Rate	9.0% - 8.0%	8.5%
Perpetuity Growth Rate	3.3% - 4.3%	3.8%
Fair Value	$8.34 - $14.90	$10.94
Upside	-16.4% - 49.5%	9.7%

7.8%

Revenue 10y CAGR

3.7%

10y Avg EBITDA Margin

0.6%

Unlevered FCF 10y CAGR

10-Year DCF Model: Gordon Growth Exit

股價

7.47 USD

公允價值

10.94 USD

看漲

9.7%

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	Mar-30	Mar-31	Mar-32	Mar-33	Mar-34

Revenue	148,408	254,400	261,350	272,650	278,103	283,665	289,338	295,125	301,028	307,048	313,189
% Growth	28.9%	71.4%	2.7%	4.3%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%

EBITDA	8,254	8,630	9,880	10,307	10,513	10,724	10,938	11,157	11,380	11,608	11,840
% of Revenue	5.6%	3.4%	3.8%	3.8%	3.8%	3.8%	3.8%	3.8%	3.8%	3.8%	3.8%

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	Mar-30	Mar-31	Mar-32	Mar-33	Mar-34	Terminal

EBITDA		8,630	9,880	10,307	10,513	10,724	10,938	11,157	11,380	11,608	11,840	11,840
Other Income / (Exp)		0	0	0	0	0	0	0	0	0	0	0
D&A		(1,280)	(2,080)	(1,957)	(1,996)	(2,036)	(2,077)	(2,119)	(2,161)	(2,204)	(2,248)	(2,467)

EBIT		7,350	7,800	8,350	8,517	8,687	8,861	9,038	9,219	9,403	9,592	9,373
Pro forma Taxes		(2,867)	(3,042)	(3,257)	(3,322)	(3,388)	(3,456)	(3,525)	(3,595)	(3,667)	(3,741)	(3,656)
NOPAT	3,138	4,484	4,758	5,094	5,195	5,299	5,405	5,513	5,624	5,736	5,851	5,718

Capital Expenditures	(1,623)	(2,750)	(2,500)	(2,500)	(2,583)	(2,635)	(2,573)	(2,597)	(2,602)	(2,590)	(2,596)	(2,596)
NWC Investment	682	2,174	143	232	112	114	116	119	121	123	126	241
(+) D&A	3,109	1,280	2,080	1,957	1,996	2,036	2,077	2,119	2,161	2,204	2,248	2,467

Free Cash Flow	5,306	5,187	4,481	4,782	4,720	4,815	5,026	5,154	5,304	5,473	5,629	5,829
% Growth		-2%	-14%	7%	-1%	2%	4%	3%	3%	3%	3%	4%

載入錯誤

Oisix ra daichi Inc.

OTCPK:OISXF

日本 / 必需消費品 / Consumer Staples Distribution & Retail

10 年 DCF 增長退出價