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 | 8.5% - 7.5% | 8.0% |
| Perpetuity Growth Rate | 4.3% - 5.3% | 4.8% |
| Fair Value | ₪54.86 - ₪97.31 | ₪69.56 |
| Upside | -28.2% - 27.4% | -9.0% |
| Select Revenue and EBITDA Forecast | |||||||
| (ILS in millions) | Input Projections | ||||||
| Fiscal Years Ending | Dec-24 | Dec-25 | Dec-26 | Dec-27 | Dec-28 | Dec-29 | |
| Revenue | 438 | 535 | 590 | 634 | 656 | 669 | |
| % Growth | 12.3% | 22.2% | 10.2% | 7.5% | 3.5% | 2.0% | |
| EBITDA | 151 | 268 | 299 | 327 | 339 | 346 | |
| % of Revenue | 34.5% | 50.1% | 50.6% | 51.6% | 51.6% | 51.6% | |
| Calculation of Free Cash Flow | |||||||
| Projected Unlevered Cash Flow | |||||||
| (ILS in millions) | Dec-25 | Dec-26 | Dec-27 | Dec-28 | Dec-29 | Terminal | |
| EBITDA | 268 | 299 | 327 | 339 | 346 | 346 | |
| Other Income / (Exp) | 0 | 0 | 0 | 0 | 0 | 0 | |
| D&A | (66) | (73) | (79) | (81) | (83) | (51) | |
| EBIT | 202 | 225 | 249 | 257 | 262 | 295 | |
| Pro forma Taxes | (49) | (54) | (60) | (62) | (63) | (71) | |
| NOPAT | 101 | 154 | 171 | 189 | 196 | 199 | 224 |
| Capital Expenditures | (35) | (43) | (47) | (51) | (52) | (53) | (53) |
| NWC Investment | 9 | 17 | 10 | 8 | 4 | 2 | 6 |
| (+) D&A | 18 | 66 | 73 | 79 | 81 | 83 | 51 |
| Free Cash Flow | 93 | 194 | 207 | 225 | 229 | 231 | 227 |
| % Growth | 110% | 7% | 9% | 2% | 1% | -2% | |