Sigmaxyz Inc

TSE:6088

일본 / 산업주 / 전문 서비스

개요

뉴스

5년 현금흐름할인(DCF) 반영된 자금 회수

주가

932.00 JPY

적정가치

1,092.16 JPY

Metrics	Range	Conclusion
Discount Rate	9.3% - 8.3%	8.8%
Perpetuity Growth Rate	1.5% - 2.5%	2.0%
Fair Value	¥976.66 - ¥1,248	¥1,092
Upside	4.8% - 33.9%	17.2%

11.8%

Revenue 5y CAGR

23.3%

5y Avg EBITDA Margin

19.6%

Unlevered FCF 5y CAGR

5-Year DCF Model: Gordon Growth Exit

주가

932.00 JPY

적정가치

1,092.16 JPY

상승 여력 있음

17.2%

Revenue and EBITDA

CapEx

Working Capital

D&A

Tax Rate

Discount Rate

Terminal Value


Select Revenue and EBITDA Forecast

(JPY in millions)		Input Projections
Fiscal Years Ending	Mar-24	Mar-25	Mar-26	Mar-27	Mar-28	Mar-29

Revenue	22,410	27,096	31,058	35,200	37,840	39,164
% Growth	29.3%	20.9%	14.6%	13.3%	7.5%	3.5%

EBITDA	4,436	5,909	7,251	8,128	9,116	9,435
% of Revenue	19.8%	21.8%	23.3%	23.1%	24.1%	24.1%

지원하는 계산법

Calculation of Free Cash Flow

Discounting Periods

Discounting Factors

Calculation of Enterprise Value

Equity Waterfall

Historical Financials

Current Trading Multiples


Calculation of Free Cash Flow

Projected Unlevered Cash Flow
(JPY in millions)		Mar-25	Mar-26	Mar-27	Mar-28	Mar-29	Terminal

EBITDA		5,909	7,251	8,128	9,116	9,435	9,435
Other Income / (Exp)		0	0	551	0	0	0
D&A		(18)	(246)	(279)	(300)	(310)	(190)

EBIT		5,892	7,005	8,400	8,816	9,125	9,245
Pro forma Taxes		(2,003)	(2,382)	(2,856)	(2,998)	(3,102)	(3,143)
NOPAT	2,794	3,888	4,623	5,544	5,819	6,022	6,102

Capital Expenditures	(35)	(244)	(133)	(161)	(200)	(200)	(200)
NWC Investment	(506)	(467)	(395)	(413)	(263)	(132)	(78)
(+) D&A	203	18	246	279	300	310	190

Free Cash Flow	2,456	3,195	4,341	5,249	5,655	6,001	6,014
% Growth		30%	36%	21%	8%	6%	0%

로딩 에러

Sigmaxyz Inc

TSE:6088

일본 / 산업주 / 전문 서비스

5년 현금흐름할인(DCF) 반영된 자금 회수