Ganfeng Lithium Group Co., Ltd.

BST:39EA

中国 / 材料 / 化学品

概况

股息

5年DCF EBITDA退出价

股票价格

2.64 EUR

公允价值

1.57 EUR

Metrics	Range	Conclusion
Discount Rate	10.8% - 9.8%	10.3%
Terminal EBITDA Multiple	12.3x - 14.3x	13.3x
Fair Value	1.39€ - 1.76€	1.57€
Upside	-47.5% - -33.2%	-40.4%

-8.7%

Revenue 5y CAGR

17.7%

5y Avg EBITDA Margin

Unlevered FCF 5y CAGR

5-Year DCF Model: EBITDA Exit

股票价格

2.64 EUR

公允价值

1.57 EUR

看涨

-40.4%

Revenue and EBITDA

CapEx

Working Capital

D&A

Tax Rate

Discount Rate

Terminal Value


Select Revenue and EBITDA Forecast

(CNY in millions)		Input Projections
Fiscal Years Ending	Dec-23	Dec-24	Dec-25	Dec-26	Dec-27	Dec-28

Revenue	32,972	18,083	21,185	25,289	36,280	20,870
% Growth	-21.2%	-45.2%	17.2%	19.4%	43.5%	-42.5%

EBITDA	1,223	1,702	3,751	5,322	5,365	5,339
% of Revenue	3.7%	9.4%	17.7%	21.0%	14.8%	25.6%

支持的计算方式

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
(CNY in millions)		Dec-24	Dec-25	Dec-26	Dec-27	Dec-28

EBITDA		1,702	3,751	5,322	5,365	5,339
Other Income / (Exp)		0	0	0	5,212	0
D&A		(1,543)	(2,242)	(2,321)	(3,330)	(1,623)

EBIT		158	1,510	3,001	7,248	3,716
Pro forma Taxes		(19)	(181)	(360)	(870)	(446)
NOPAT	330	139	1,328	2,641	6,378	3,270

Capital Expenditures	(8,646)	(8,254)	(5,937)	(5,659)	(2,282)	(1,670)
NWC Investment	1,271	2,138	(445)	(589)	(1,578)	2,213
(+) D&A	848	1,543	2,242	2,321	3,330	1,623

Free Cash Flow	(6,197)	(4,433)	(2,813)	(1,286)	5,847	5,436
% Growth		NM	NM	NM	NM	-7%

加载出错

Ganfeng Lithium Group Co., Ltd.

BST:39EA

中国 / 材料 / 化学品

5年DCF EBITDA退出价