Sonoco Products Company

DB:SNS

美国 / 材料 / 容器与包装

概况

股息

5年增长率现金流贴现退出法

股票价格

42.40 EUR

公允价值

35.14 EUR

Metrics	Range	Conclusion
Discount Rate	12.0% - 11.0%	11.5%
Perpetuity Growth Rate	3.8% - 4.8%	4.3%
Fair Value	26.06€ - 47.11€	35.14€
Upside	-38.5% - 11.1%	-17.1%

11.1%

Revenue 5y CAGR

16.9%

5y Avg EBITDA Margin

15.0%

Unlevered FCF 5y CAGR

5-Year DCF Model: Gordon Growth Exit

股票价格

42.40 EUR

公允价值

35.14 EUR

看涨

-17.1%

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	5,305	7,846	7,865	8,269	8,735	8,985
% Growth	-2.5%	47.9%	0.2%	5.1%	5.6%	2.9%

EBITDA	895	1,335	1,377	1,422	1,444	1,480
% of Revenue	16.9%	17.0%	17.5%	17.2%	16.5%	16.5%

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

EBITDA		1,335	1,377	1,422	1,444	1,480	1,480
Other Income / (Exp)		0	0	0	0	0	0
D&A		(344)	(359)	(373)	(491)	(505)	(384)

EBIT		991	1,019	1,049	953	975	1,096
Pro forma Taxes		(228)	(234)	(241)	(219)	(224)	(252)
NOPAT	401	763	784	807	734	751	844

Capital Expenditures	(393)	(360)	(377)	(382)	(393)	(404)	(404)
NWC Investment	21	(395)	(3)	(63)	(72)	(39)	(59)
(+) D&A	375	344	359	373	491	505	384

Free Cash Flow	404	352	763	736	759	813	764
% Growth		-13%	117%	-4%	3%	7%	-6%

加载出错

Sonoco Products Company

DB:SNS

美国 / 材料 / 容器与包装

5年增长率现金流贴现退出法