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TAWN.F
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20.8%
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Latam Airlines Group SA
SNSE:LTM
智利 / 工業 / 客運航空
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貨幣
CLP
綜觀
股息
財報
模型
財務狀況
比較
穩健度
圖表
5 年 DCF EBITDA 退出價
股價
15.73
CLP
公允價值
22.74
CLP
Metrics
Range
Conclusion
Discount Rate
12.0% - 11.0%
11.5%
Terminal EBITDA Multiple
3.2x - 5.2x
4.2x
Fair Value
CLP 18.03 - CLP 27.63
CLP 22.74
Upside
14.7% - 75.7%
44.6%
5.3%
Revenue 5y CAGR
26.7%
5y Avg EBITDA Margin
14.3%
Unlevered FCF 5y CAGR
5-Year DCF Model: EBITDA Exit
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儲存
股價
15.73
CLP
公允價值
22.74
CLP
看漲
44.6%
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
Revenue
12,833
13,989
14,634
15,721
16,272
16,597
% Growth
10.2%
9.0%
4.6%
7.4%
3.5%
2.0%
EBITDA
2,341
3,578
3,652
4,361
4,513
4,604
% of Revenue
18.2%
25.6%
25.0%
27.7%
27.7%
27.7%
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
EBITDA
3,578
3,652
4,361
4,513
4,604
Other Income / (Exp)
0
0
0
0
0
D&A
(1,612)
(1,649)
(1,757)
(1,818)
(1,855)
EBIT
1,966
2,003
2,604
2,695
2,749
Pro forma Taxes
(295)
(300)
(391)
(404)
(412)
NOPAT
1,310
1,671
1,702
2,213
2,291
2,337
Capital Expenditures
(1,325)
(1,500)
(1,759)
(2,000)
(2,070)
(2,111)
NWC Investment
328
318
177
299
151
90
(+) D&A
800
1,612
1,649
1,757
1,818
1,855
Free Cash Flow
1,112
2,101
1,770
2,269
2,191
2,169
% Growth
89%
-16%
28%
-3%
-1%
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