A.P. Møller - Mærsk A/S에 대한 5Y DCF Revenue Exit(DP4B)

주가

1,622.00 EUR

적정가치

2,715.48 EUR

-0.4%

Revenue 5y CAGR

15.6%

5y Avg EBITDA Margin

0.0%

Unlevered FCF 5y CAGR

5-Year DCF Model: Revenue Exit

주가

1,622.00 EUR

적정가치

2,715.48 EUR

상승 여력 있음

68.8%

Revenue and EBITDA

CapEx

Working Capital

D&A

Tax Rate

Discount Rate

Terminal Value


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	55,482	50,618	49,943	52,529	52,867	54,322
% Growth	8.6%	-8.8%	-1.3%	5.2%	0.6%	2.8%

EBITDA	9,066	7,887	6,836	7,779	8,911	9,323
% of Revenue	16.3%	15.6%	13.7%	14.8%	16.9%	17.2%

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
(USD in millions)		Dec-25	Dec-26	Dec-27	Dec-28	Dec-29

EBITDA		7,887	6,836	7,779	8,911	9,323
Other Income / (Exp)		0	0	0	0	0
D&A		(6,280)	(4,837)	(7,741)	(6,232)	(6,463)

EBIT		1,607	1,999	38	2,679	2,860
Pro forma Taxes		(129)	(160)	(3)	(214)	(229)
NOPAT	5,522	1,478	1,839	35	2,465	2,631

Capital Expenditures	(4,201)	(6,006)	(4,573)	(4,800)	(4,602)	(4,738)
NWC Investment	(50)	55	8	(29)	(4)	(16)
(+) D&A	3,064	6,280	4,837	7,741	6,232	6,463

Free Cash Flow	4,335	1,808	2,111	2,946	4,090	4,339
% Growth		-58%	17%	40%	39%	6%

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