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 | 10.0% - 9.0% | 9.5% |
| Terminal Revenue Multiple | 0.6x - 0.6x | 0.6x |
| Fair Value | €34.21 - €36.32 | €35.25 |
| Upside | 74.6% - 85.3% | 79.8% |
| Select Revenue and EBITDA Forecast | ||||||
| (EUR in millions) | Input Projections | |||||
| Fiscal Years Ending | Dec-24 | Dec-25 | Dec-26 | Dec-27 | Dec-28 | Dec-29 |
| Revenue | 206 | 131 | 136 | 146 | 153 | 160 |
| % Growth | -5.9% | -36.4% | 4.0% | 6.8% | 5.2% | 4.7% |
| EBITDA | 11 | 23 | 10 | 13 | 13 | 14 |
| % of Revenue | 5.4% | 17.8% | 7.6% | 8.6% | 8.6% | 9.0% |
| Calculation of Free Cash Flow | ||||||
| Projected Unlevered Cash Flow | ||||||
| (EUR in millions) | Dec-25 | Dec-26 | Dec-27 | Dec-28 | Dec-29 | |
| EBITDA | 23 | 10 | 13 | 13 | 14 | |
| Other Income / (Exp) | 31 | (0) | 0 | (0) | 0 | |
| D&A | (7) | (8) | (8) | (11) | (10) | |
| EBIT | 47 | 3 | 5 | 2 | 4 | |
| Pro forma Taxes | (7) | (0) | (1) | (0) | (1) | |
| NOPAT | 1 | 40 | 2 | 4 | 2 | 3 |
| Capital Expenditures | (5) | (8) | (7) | (7) | (6) | (6) |
| NWC Investment | 1 | 5 | (0) | (1) | (1) | (1) |
| (+) D&A | 10 | 7 | 8 | 8 | 11 | 10 |
| Free Cash Flow | 7 | 44 | 2 | 4 | 7 | 7 |
| % Growth | 550% | -95% | 65% | 77% | 11% | |