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WarrenAI
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長榮海運
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台灣 / 工業 / 海運
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NT$
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
205.00
TWD
公允價值
271.57
TWD
Metrics
Range
Conclusion
Discount Rate
11.5% - 10.5%
11.0%
Terminal EBITDA Multiple
7.8x - 9.8x
8.8x
Fair Value
NT$ 246.45 - NT$ 297.70
NT$ 271.57
Upside
20.2% - 45.2%
32.5%
-6.3%
Revenue 5y CAGR
25.4%
5y Avg EBITDA Margin
-44.2%
Unlevered FCF 5y CAGR
5-Year DCF Model: EBITDA Exit
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儲存
股價
205.00
TWD
公允價值
271.57
TWD
看漲
32.5%
Revenue and EBITDA
CapEx
Working Capital
D&A
Tax Rate
Discount Rate
Terminal Value
Select Revenue and EBITDA Forecast
(TWD in millions)
Input Projections
Fiscal Years Ending
Dec-24
Dec-25
Dec-26
Dec-27
Dec-28
Dec-29
Revenue
463,568
387,478
358,485
335,543
335,543
335,543
% Growth
67.5%
-16.4%
-7.5%
-6.4%
0.0%
0.0%
EBITDA
178,836
128,775
92,832
75,811
75,811
75,811
% of Revenue
38.6%
33.2%
25.9%
22.6%
22.6%
22.6%
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
(TWD in millions)
Dec-25
Dec-26
Dec-27
Dec-28
Dec-29
EBITDA
128,775
92,832
75,811
75,811
75,811
Other Income / (Exp)
0
0
0
0
0
D&A
(44,961)
(17,079)
(44,422)
(44,422)
(44,422)
EBIT
83,814
75,752
31,389
31,389
31,389
Pro forma Taxes
(15,087)
(13,635)
(5,650)
(5,650)
(5,650)
NOPAT
126,837
68,727
62,117
25,739
25,739
25,739
Capital Expenditures
(22,232)
(62,142)
(62,293)
(60,800)
(61,745)
(61,613)
NWC Investment
29,306
(11,934)
(4,547)
(3,598)
0
0
(+) D&A
24,156
44,961
17,079
44,422
44,422
44,422
Free Cash Flow
158,067
39,612
12,356
5,762
8,416
8,548
% Growth
-75%
-69%
-53%
46%
2%
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