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Stora Enso Oyj PK
OTCPK:SEOAY
芬蘭 / 材料 / 紙張及林木產品
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股息
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模型
財務狀況
比較
穩健度
圖表
10 年 DCF EBITDA 退出價
股價
9.39
USD
公允價值
14.09
USD
Metrics
Range
Conclusion
Discount Rate
11.5% - 10.5%
11.0%
Terminal EBITDA Multiple
7.6x - 9.6x
8.6x
Fair Value
$12.56 - $15.74
$14.09
Upside
28.4% - 61.0%
44.1%
3.2%
Revenue 10y CAGR
16.5%
10y Avg EBITDA Margin
NM
Unlevered FCF 10y CAGR
10-Year DCF Model: EBITDA Exit
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儲存
股價
9.39
USD
公允價值
14.09
USD
看漲
44.1%
Revenue and EBITDA
CapEx
Working Capital
D&A
Tax Rate
Discount Rate
Terminal Value
Select Revenue and EBITDA Forecast
(EUR 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
9,049
9,607
10,457
10,725
10,885
11,185
11,409
11,637
11,870
12,107
12,349
% Growth
-3.7%
6.2%
8.9%
2.6%
1.5%
2.8%
2.0%
2.0%
2.0%
2.0%
2.0%
EBITDA
760
1,373
1,692
1,807
1,738
1,896
1,934
1,973
2,012
2,052
2,093
% of Revenue
8.4%
14.3%
16.2%
16.8%
16.0%
17.0%
17.0%
17.0%
17.0%
17.0%
17.0%
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
(EUR in millions)
Dec-25
Dec-26
Dec-27
Dec-28
Dec-29
Dec-30
Dec-31
Dec-32
Dec-33
Dec-34
EBITDA
1,373
1,692
1,807
1,738
1,896
1,934
1,973
2,012
2,052
2,093
Other Income / (Exp)
0
0
0
0
0
0
0
0
0
0
D&A
(705)
(705)
(637)
(641)
(730)
(745)
(759)
(775)
(790)
(806)
EBIT
668
986
1,170
1,097
1,166
1,189
1,213
1,237
1,262
1,287
Pro forma Taxes
(100)
(148)
(175)
(165)
(175)
(178)
(182)
(186)
(189)
(193)
NOPAT
281
568
839
994
932
991
1,011
1,031
1,052
1,073
1,094
Capital Expenditures
(1,113)
(751)
(700)
(700)
(686)
(662)
(675)
(674)
(670)
(673)
(672)
NWC Investment
24
(39)
(59)
(19)
(11)
(21)
(16)
(16)
(16)
(17)
(17)
(+) D&A
430
705
705
637
641
730
745
759
775
790
806
Free Cash Flow
(378)
483
785
913
876
1,039
1,065
1,101
1,140
1,173
1,211
% Growth
NM
63%
16%
-4%
19%
3%
3%
4%
3%
3%
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