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Charoen Pokphand Foods PCL
SET:CPF
泰國 / 必需消費品 / 食物產品
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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
26.25
THB
公允價值
31.44
THB
Metrics
Range
Conclusion
Discount Rate
12.8% - 11.8%
12.3%
Terminal EBITDA Multiple
11.5x - 13.5x
12.5x
Fair Value
฿27.10 - ฿36.10
฿31.44
Upside
3.2% - 37.5%
19.8%
0.8%
Revenue 10y CAGR
10.5%
10y Avg EBITDA Margin
-1.5%
Unlevered FCF 10y CAGR
10-Year DCF Model: EBITDA Exit
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儲存
股價
26.25
THB
公允價值
31.44
THB
看漲
19.8%
Revenue and EBITDA
CapEx
Working Capital
D&A
Tax Rate
Discount Rate
Terminal Value
Select Revenue and EBITDA Forecast
(THB 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
583,570
602,530
622,268
628,966
628,966
628,966
628,966
628,966
628,966
628,966
628,966
% Growth
-1.0%
3.2%
3.3%
1.1%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
EBITDA
64,732
67,633
69,205
60,357
61,873
66,350
66,350
66,350
66,350
66,350
66,350
% of Revenue
11.1%
11.2%
11.1%
9.6%
9.8%
10.5%
10.5%
10.5%
10.5%
10.5%
10.5%
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
(THB in millions)
Dec-25
Dec-26
Dec-27
Dec-28
Dec-29
Dec-30
Dec-31
Dec-32
Dec-33
Dec-34
EBITDA
67,633
69,205
60,357
61,873
66,350
66,350
66,350
66,350
66,350
66,350
Other Income / (Exp)
0
0
0
0
0
0
0
0
0
0
D&A
(28,297)
(31,977)
(22,130)
(22,130)
(22,130)
(22,130)
(22,130)
(22,130)
(22,130)
(22,130)
EBIT
39,336
37,228
38,227
39,743
44,220
44,220
44,220
44,220
44,220
44,220
Pro forma Taxes
(8,261)
(7,818)
(8,028)
(8,346)
(9,286)
(9,286)
(9,286)
(9,286)
(9,286)
(9,286)
NOPAT
29,571
31,075
29,410
30,199
31,397
34,934
34,934
34,934
34,934
34,934
34,934
Capital Expenditures
(15,569)
(20,583)
(20,688)
(20,627)
(20,633)
(20,649)
(20,636)
(20,636)
(20,636)
(20,636)
(20,636)
NWC Investment
1,195
(3,746)
(3,899)
(1,323)
0
0
0
0
0
0
0
(+) D&A
27,301
28,297
31,977
22,130
22,130
22,130
22,130
22,130
22,130
22,130
22,130
Free Cash Flow
42,497
35,044
36,800
30,379
32,894
36,415
36,428
36,428
36,428
36,428
36,428
% Growth
-18%
5%
-17%
8%
11%
0%
0%
0%
0%
0%
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