M&Z PLC

MTSE:MZ

马尔他 / 必需消费品 / Consumer Staples Distribution & Retail

概况

股息

10年收入现金流贴现退出法

股票价格

0.54 EUR

公允价值

0.92 EUR

Metrics	Range	Conclusion
Discount Rate	8.5% - 7.5%	8.0%
Terminal Revenue Multiple	1.1x - 1.2x	1.1x
Fair Value	0.87€ - 0.98€	0.92€
Upside	60.9% - 81.9%	71.1%

2.7%

Revenue 10y CAGR

13.1%

10y Avg EBITDA Margin

8.6%

Unlevered FCF 10y CAGR

10-Year DCF Model: Revenue Exit

股票价格

0.54 EUR

公允价值

0.92 EUR

看涨

71.1%

Revenue and EBITDA

CapEx

Working Capital

D&A

Tax Rate

Discount Rate

Terminal Value


Select Revenue and EBITDA Forecast

(EUR in millions)		Input Projections
Fiscal Years Ending	Dec-23	Dec-24	Dec-25	Dec-26	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Dec-32	Dec-33

Revenue	31	34	35	36	36	37	38	38	39	40	41
% Growth	10.3%	7.5%	3.5%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%

EBITDA	4	4	5	5	5	5	5	5	5	5	5
% of Revenue	11.4%	13.1%	13.1%	13.1%	13.1%	13.1%	13.1%	13.1%	13.1%	13.1%	13.1%

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
		Dec-24	Dec-25	Dec-26	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Dec-32	Dec-33

EBITDA		4	5	5	5	5	5	5	5	5	5
Other Income / (Exp)		0	0	0	0	0	0	0	0	0	0
D&A		(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)

EBIT		4	4	4	4	4	4	4	4	4	4
Pro forma Taxes		(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)
NOPAT	2	2	2	3	3	3	3	3	3	3	3

Capital Expenditures	(0)	(0)	(0)	(0)	(0)	(0)	(0)	(0)	(0)	(0)	(0)
NWC Investment	(1)	(1)	(0)	(0)	(0)	(0)	(0)	(0)	(0)	(0)	(0)
(+) D&A	1	1	1	1	1	1	1	1	1	1	1

Free Cash Flow	1	2	3	3	3	3	3	3	3	3	3
% Growth			21%	8%	2%	2%	3%	2%	2%	2%	2%

加载出错

M&Z PLC

MTSE:MZ

马尔他 / 必需消费品 / Consumer Staples Distribution & Retail

10年收入现金流贴现退出法