Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Discount Rate | 12.0% - 11.0% | 11.5% |
| Terminal Revenue Multiple | 0.5x - 0.5x | 0.5x |
| Fair Value | kr228.03 - kr263.63 | kr245.50 |
| Upside | 50.7% - 74.2% | 62.3% |
| 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 | 4,040 | 3,177 | 3,272 | 3,370 | 3,437 | 3,506 |
| % Growth | 9.4% | -21.4% | 3.0% | 3.0% | 2.0% | 2.0% |
| EBITDA | 163 | 206 | 213 | 219 | 223 | 228 |
| % of Revenue | 4.0% | 6.5% | 6.5% | 6.5% | 6.5% | 6.5% |
| Calculation of Free Cash Flow | ||||||
| Projected Unlevered Cash Flow | ||||||
| (USD in millions) | Dec-25 | Dec-26 | Dec-27 | Dec-28 | Dec-29 | |
| EBITDA | 206 | 213 | 219 | 223 | 228 | |
| Other Income / (Exp) | 0 | 0 | 0 | 0 | 0 | |
| D&A | (95) | (98) | (101) | (103) | (105) | |
| EBIT | 111 | 115 | 118 | 120 | 123 | |
| Pro forma Taxes | (13) | (14) | (14) | (14) | (15) | |
| NOPAT | 105 | 98 | 101 | 104 | 106 | 108 |
| Capital Expenditures | (472) | (143) | (147) | (152) | (155) | (158) |
| NWC Investment | (28) | 68 | (8) | (8) | (5) | (5) |
| (+) D&A | 44 | 95 | 98 | 101 | 103 | 105 |
| Free Cash Flow | (350) | 118 | 45 | 45 | 49 | 50 |
| % Growth | NM | -62% | 1% | 8% | 2% | |