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 | 10.3% - 9.3% | 9.8% |
| Terminal Revenue Multiple | 3.6x - 4.0x | 3.8x |
| Fair Value | €19.24 - €21.34 | €20.27 |
| Upside | 30.9% - 45.2% | 37.9% |
| Select Revenue and EBITDA Forecast | ||||||
| (USD in millions) | Input Projections | |||||
| Fiscal Years Ending | Jan-25 | Jan-26 | Jan-27 | Jan-28 | Jan-29 | Jan-30 |
| Revenue | 821 | 999 | 1,201 | 1,417 | 1,872 | 2,227 |
| % Growth | 32.2% | 21.6% | 20.3% | 18.0% | 32.1% | 19.0% |
| EBITDA | -299 | 51 | 105 | -4 | 72 | 181 |
| % of Revenue | -36.4% | 5.1% | 8.8% | -0.3% | 3.8% | 8.1% |
| Calculation of Free Cash Flow | ||||||
| Projected Unlevered Cash Flow | ||||||
| (USD in millions) | Jan-26 | Jan-27 | Jan-28 | Jan-29 | Jan-30 | |
| EBITDA | 51 | 105 | (4) | 72 | 181 | |
| Other Income / (Exp) | 0 | 0 | 174 | 141 | 143 | |
| D&A | (16) | (7) | (8) | (11) | (13) | |
| EBIT | 35 | 98 | 162 | 202 | 312 | |
| Pro forma Taxes | (5) | (14) | (23) | (28) | (44) | |
| NOPAT | (283) | 30 | 85 | 139 | 174 | 268 |
| Capital Expenditures | (2) | (2) | (4) | (6) | (19) | (22) |
| NWC Investment | 71 | 63 | 72 | 77 | 161 | 126 |
| (+) D&A | 30 | 16 | 7 | 8 | 11 | 13 |
| Free Cash Flow | (184) | 106 | 160 | 219 | 327 | 385 |
| % Growth | NM | 50% | 37% | 50% | 18% | |