Gogo Inc

NASDAQGS:GOGO

美国 / 通信服务 / 无线电信服务

概况

股息

10年收入现金流贴现退出法

股票价格

8.61 USD

公允价值

10.61 USD

Metrics	Range	Conclusion
Discount Rate	11.8% - 10.8%	11.3%
Terminal Revenue Multiple	3.0x - 3.3x	3.1x
Fair Value	9.60$ - 11.68$	10.61$
Upside	11.5% - 35.7%	23.2%

9.7%

Revenue 10y CAGR

25.7%

10y Avg EBITDA Margin

9.0%

Unlevered FCF 10y CAGR

10-Year DCF Model: Revenue Exit

股票价格

8.61 USD

公允价值

10.61 USD

看涨

23.2%

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	Dec-30	Dec-31	Dec-32	Dec-33	Dec-34

Revenue	445	890	944	977	996	1,016	1,036	1,057	1,078	1,100	1,122
% Growth	11.9%	100.1%	6.0%	3.5%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%

EBITDA	124	210	245	253	258	263	269	274	280	285	291
% of Revenue	27.8%	23.6%	25.9%	25.9%	25.9%	25.9%	25.9%	25.9%	25.9%	25.9%	25.9%

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-25	Dec-26	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Dec-32	Dec-33	Dec-34

EBITDA		210	245	253	258	263	269	274	280	285	291
Other Income / (Exp)		0	0	0	0	0	0	0	0	0	0
D&A		(85)	(68)	(71)	(72)	(73)	(75)	(76)	(78)	(79)	(81)

EBIT		125	177	183	186	190	194	198	202	206	210
Pro forma Taxes		(15)	(21)	(22)	(22)	(23)	(23)	(24)	(24)	(25)	(25)
NOPAT	92	110	155	161	164	167	171	174	178	181	185

Capital Expenditures	(14)	(52)	(51)	(53)	(54)	(55)	(54)	(54)	(54)	(54)	(54)
NWC Investment	(11)	(102)	(12)	(8)	(4)	(5)	(5)	(5)	(5)	(5)	(5)
(+) D&A	19	85	68	71	72	73	75	76	78	79	81

Free Cash Flow	87	41	160	171	177	181	187	191	196	201	206
% Growth			294%	7%	4%	2%	3%	2%	3%	3%	2%

加载出错

Gogo Inc

NASDAQGS:GOGO

美国 / 通信服务 / 无线电信服务

10年收入现金流贴现退出法