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 | 12.8% - 11.8% | 12.3% |
| Terminal EBITDA Multiple | 2.9x - 4.9x | 3.9x |
| Fair Value | $1.88 - $2.38 | $2.12 |
| Upside | 55.2% - 96.7% | 75.6% |
| 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 | 2 | 21 | 55 | 140 | 260 | 375 |
| % Growth | NA | 919.3% | 164.5% | 154.5% | 85.7% | 44.2% |
| EBITDA | -101 | -69 | -40 | -1 | 52 | 137 |
| % of Revenue | -4948.0% | -331.1% | -73.3% | -0.8% | 20.1% | 36.6% |
| Calculation of Free Cash Flow | ||||||
| Projected Unlevered Cash Flow | ||||||
| (USD in millions) | Dec-25 | Dec-26 | Dec-27 | Dec-28 | Dec-29 | |
| EBITDA | (69) | (40) | (1) | 52 | 137 | |
| Other Income / (Exp) | 0 | 0 | 0 | 0 | 0 | |
| D&A | (32) | (44) | (24) | (31) | (71) | |
| EBIT | (101) | (84) | (25) | 21 | 66 | |
| Pro forma Taxes | 0 | 0 | 0 | (3) | (9) | |
| NOPAT | (94) | (101) | (84) | (25) | 18 | 57 |
| Capital Expenditures | (12) | (3) | (5) | (6) | (6) | (208) |
| NWC Investment | NA | 24 | 44 | 108 | 153 | 147 |
| (+) D&A | 8 | 32 | 44 | 24 | 31 | 71 |
| Free Cash Flow | (98) | (48) | (2) | 101 | 196 | 67 |
| % Growth | NM | NM | NM | 94% | -66% | |