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% |
| Terminal Revenue Multiple | 2.1x - 2.3x | 2.2x |
| Fair Value | $52.12 - $57.48 | $54.75 |
| Upside | 31.0% - 44.5% | 37.6% |
| Select Revenue and EBITDA Forecast | ||||||
| (USD in millions) | Input Projections | |||||
| Fiscal Years Ending | May-24 | May-25 | May-26 | May-27 | May-28 | May-29 |
| Revenue | 1,246 | 1,119 | 1,159 | 1,211 | 1,235 | 1,259 |
| % Growth | -12.2% | -10.2% | 3.6% | 4.4% | 2.0% | 2.0% |
| EBITDA | 82 | 240 | 262 | 278 | 283 | 289 |
| % of Revenue | 6.6% | 21.5% | 22.6% | 23.0% | 23.0% | 23.0% |
| Calculation of Free Cash Flow | ||||||
| Projected Unlevered Cash Flow | ||||||
| (USD in millions) | May-25 | May-26 | May-27 | May-28 | May-29 | |
| EBITDA | 240 | 262 | 278 | 283 | 289 | |
| Other Income / (Exp) | 0 | (0) | (0) | 0 | 0 | |
| D&A | (211) | (208) | (242) | (247) | (252) | |
| EBIT | 29 | 54 | 36 | 37 | 37 | |
| Pro forma Taxes | (6) | (12) | (8) | (8) | (8) | |
| NOPAT | 1 | 22 | 42 | 28 | 28 | 29 |
| Capital Expenditures | (84) | (58) | (45) | (42) | (43) | (45) |
| NWC Investment | 36 | 26 | (8) | (11) | (5) | (5) |
| (+) D&A | 81 | 211 | 208 | 242 | 247 | 252 |
| Free Cash Flow | 34 | 202 | 197 | 218 | 227 | 231 |
| % Growth | 495% | -3% | 11% | 4% | 1% | |