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 | 10.8% - 9.8% | 10.3% |
| Perpetuity Growth Rate | 0.0% - 0.5% | 0.0% |
| Fair Value | €5.10 - €5.85 | €5.35 |
| Upside | 34.7% - 54.5% | 41.2% |
| 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 | 118 | 126 | 135 | 161 | 172 | 180 | |
| % Growth | -8.8% | 7.1% | 7.2% | 19.2% | 6.5% | 5.1% | |
| EBITDA | -3 | 19 | 23 | 27 | 30 | 32 | |
| % of Revenue | -2.1% | 15.4% | 16.7% | 16.9% | 17.3% | 17.5% | |
| Calculation of Free Cash Flow | |||||||
| Projected Unlevered Cash Flow | |||||||
| (EUR in millions) | Dec-25 | Dec-26 | Dec-27 | Dec-28 | Dec-29 | Terminal | |
| EBITDA | 19 | 23 | 27 | 30 | 32 | 32 | |
| Other Income / (Exp) | 0 | 0 | 0 | 0 | 0 | 0 | |
| D&A | (10) | (11) | (4) | (5) | (6) | (6) | |
| EBIT | 9 | 11 | 23 | 25 | 26 | 26 | |
| Pro forma Taxes | (4) | (4) | (9) | (10) | (10) | (10) | |
| NOPAT | (5) | 5 | 7 | 14 | 15 | 16 | 16 |
| Capital Expenditures | (10) | (8) | (9) | (6) | (6) | (6) | (6) |
| NWC Investment | 3 | (3) | (3) | (8) | (3) | (3) | 0 |
| (+) D&A | 6 | 10 | 11 | 4 | 5 | 6 | 6 |
| Free Cash Flow | (6) | 5 | 7 | 5 | 11 | 13 | 16 |
| % Growth | NM | 27% | -32% | 135% | 16% | 21% | |