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SNWV
-11.7%
KIDS
-10.2%
0HKD
-6.5%
HK
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Smith & Nephew plc
OTCPK:SNNUF
英國 / 保健 / 醫護設備及用品
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股息
財報
模型
財務狀況
比較
穩健度
圖表
10 年 DCF EBITDA 退出價
股價
14.33
USD
公允價值
18.55
USD
Metrics
Range
Conclusion
Discount Rate
10.3% - 9.3%
9.8%
Terminal EBITDA Multiple
10.9x - 12.9x
11.9x
Fair Value
$16.79 - $20.43
$18.55
Upside
19.2% - 45.0%
31.6%
3.8%
Revenue 10y CAGR
27.1%
10y Avg EBITDA Margin
7.4%
Unlevered FCF 10y CAGR
10-Year DCF Model: EBITDA Exit
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儲存
股價
14.33
USD
公允價值
18.55
USD
看漲
31.6%
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
5,810
6,066
6,373
6,685
7,080
7,540
7,804
7,960
8,119
8,282
8,447
% Growth
4.7%
4.4%
5.1%
4.9%
5.9%
6.5%
3.5%
2.0%
2.0%
2.0%
2.0%
EBITDA
1,335
1,589
1,684
1,831
1,894
2,062
2,134
2,177
2,220
2,265
2,310
% of Revenue
23.0%
26.2%
26.4%
27.4%
26.8%
27.3%
27.3%
27.3%
27.3%
27.3%
27.3%
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
1,589
1,684
1,831
1,894
2,062
2,134
2,177
2,220
2,265
2,310
Other Income / (Exp)
0
0
0
0
0
0
0
0
0
0
D&A
(405)
(398)
(475)
(468)
(557)
(576)
(588)
(600)
(612)
(624)
EBIT
1,184
1,286
1,356
1,426
1,505
1,558
1,589
1,621
1,653
1,686
Pro forma Taxes
(130)
(142)
(149)
(157)
(166)
(171)
(175)
(178)
(182)
(185)
NOPAT
789
1,054
1,145
1,207
1,269
1,339
1,386
1,414
1,442
1,471
1,501
Capital Expenditures
(381)
(466)
(483)
(503)
(531)
(538)
(524)
(531)
(531)
(528)
(530)
NWC Investment
(111)
(109)
(130)
(132)
(168)
(195)
(112)
(66)
(68)
(69)
(70)
(+) D&A
449
405
398
475
468
557
576
588
600
612
624
Free Cash Flow
746
884
929
1,046
1,039
1,164
1,327
1,405
1,444
1,486
1,525
% Growth
19%
5%
13%
-1%
12%
14%
6%
3%
3%
3%
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