Kantsu Co Ltd

TSE:9326

일본 / 산업주 / 항공 화물 운송 및 물류

개요

뉴스

5년 현금흐름할인(DCF) 반영된 EBITDA

주가

339.00 JPY

적정가치

685.52 JPY

Metrics	Range	Conclusion
Discount Rate	10.0% - 9.0%	9.5%
Terminal EBITDA Multiple	1.1x - 3.1x	2.1x
Fair Value	¥471.14 - ¥907.53	¥685.52
Upside	35.0% - 160.0%	96.4%

10.0%

Revenue 5y CAGR

13.2%

5y Avg EBITDA Margin

103.4%

Unlevered FCF 5y CAGR

5-Year DCF Model: EBITDA Exit

주가

339.00 JPY

적정가치

685.52 JPY

상승 여력 있음

96.4%

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	Feb-24	Feb-25	Feb-26	Feb-27	Feb-28	Feb-29

Revenue	11,938	13,400	15,300	17,300	18,598	19,248
% Growth	13.8%	12.2%	14.2%	13.1%	7.5%	3.5%

EBITDA	768	1,251	1,811	2,480	2,852	2,952
% of Revenue	6.4%	9.3%	11.8%	14.3%	15.3%	15.3%

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)		Feb-25	Feb-26	Feb-27	Feb-28	Feb-29

EBITDA		1,251	1,811	2,480	2,852	2,952
Other Income / (Exp)		0	0	0	0	0
D&A		(511)	(961)	(1,730)	(1,860)	(1,925)

EBIT		740	850	750	992	1,027
Pro forma Taxes		(237)	(272)	(240)	(318)	(329)
NOPAT	279	503	578	510	675	698

Capital Expenditures	(450)	(800)	(800)	(800)	(860)	(890)
NWC Investment	(138)	(140)	(182)	(192)	(124)	(62)
(+) D&A	357	511	961	1,730	1,860	1,925

Free Cash Flow	48	74	557	1,249	1,550	1,671
% Growth		55%	651%	124%	24%	8%

로딩 에러

Kantsu Co Ltd

TSE:9326

일본 / 산업주 / 항공 화물 운송 및 물류

5년 현금흐름할인(DCF) 반영된 EBITDA