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 | 11.3% - 10.3% | 10.8% |
| Perpetuity Growth Rate | 1.3% - 2.3% | 1.8% |
| Fair Value | $77.87 - $102.82 | $88.96 |
| Upside | 50.5% - 98.8% | 72.0% |
| 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 | 1,307 | 1,358 | 1,430 | 1,519 | 1,767 | 1,988 | |
| % Growth | 5.0% | 3.9% | 5.3% | 6.2% | 16.3% | 12.5% | |
| EBITDA | 230 | 275 | 299 | 325 | 422 | 525 | |
| % of Revenue | 17.6% | 20.3% | 20.9% | 21.4% | 23.9% | 26.4% | |
| Calculation of Free Cash Flow | |||||||
| Projected Unlevered Cash Flow | |||||||
| (USD in millions) | Dec-25 | Dec-26 | Dec-27 | Dec-28 | Dec-29 | Terminal | |
| EBITDA | 275 | 299 | 325 | 422 | 525 | 525 | |
| Other Income / (Exp) | 0 | 0 | 0 | 0 | 0 | 0 | |
| D&A | (67) | (68) | (68) | (80) | (89) | (40) | |
| EBIT | 208 | 231 | 257 | 343 | 435 | 485 | |
| Pro forma Taxes | (37) | (42) | (46) | (62) | (78) | (87) | |
| NOPAT | 131 | 171 | 189 | 210 | 281 | 357 | 398 |
| Capital Expenditures | (13) | (25) | (30) | (32) | (37) | (42) | (42) |
| NWC Investment | (16) | (13) | (18) | (23) | (63) | (56) | (9) |
| (+) D&A | 70 | 67 | 68 | 68 | 80 | 89 | 40 |
| Free Cash Flow | 172 | 200 | 209 | 224 | 260 | 348 | 387 |
| % Growth | 16% | 5% | 7% | 16% | 34% | 11% | |