Focus Lighting and Fixtures Ltd

NSEI:FOCUS

印度 / 工业 / 电气设备

概况

股息

5年收入现金流贴现退出法

股票价格

77.83 INR

公允价值

80.07 INR

Metrics	Range	Conclusion
Discount Rate	10.0% - 9.0%	9.5%
Terminal Revenue Multiple	1.7x - 1.9x	1.8x
Fair Value	75.50₹ - 84.78₹	80.07₹
Upside	-3.0% - 8.9%	2.9%

8.9%

Revenue 5y CAGR

24.3%

5y Avg EBITDA Margin

Unlevered FCF 5y CAGR

5-Year DCF Model: Revenue Exit

股票价格

77.83 INR

公允价值

80.07 INR

看涨

2.9%

Revenue and EBITDA

CapEx

Working Capital

D&A

Tax Rate

Discount Rate

Terminal Value


Select Revenue and EBITDA Forecast

(INR in millions)		Input Projections
Fiscal Years Ending	Mar-24	Mar-25	Mar-26	Mar-27	Mar-28	Mar-29

Revenue	2,238	2,686	3,021	3,248	3,362	3,429
% Growth	32.8%	20.0%	12.5%	7.5%	3.5%	2.0%

EBITDA	441	582	731	818	847	864
% of Revenue	19.7%	21.7%	24.2%	25.2%	25.2%	25.2%

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
(INR in millions)		Mar-25	Mar-26	Mar-27	Mar-28	Mar-29

EBITDA		582	731	818	847	864
Other Income / (Exp)		0	0	0	0	0
D&A		(54)	(61)	(65)	(68)	(69)

EBIT		528	670	753	779	795
Pro forma Taxes		(127)	(161)	(181)	(187)	(191)
NOPAT	301	402	509	572	592	604

Capital Expenditures	(248)	(211)	(237)	(255)	(264)	(270)
NWC Investment	(114)	(93)	(69)	(47)	(24)	(14)
(+) D&A	45	54	61	65	68	69

Free Cash Flow	(16)	152	263	335	372	389
% Growth		NM	73%	27%	11%	5%

加载出错

Focus Lighting and Fixtures Ltd

NSEI:FOCUS

印度 / 工业 / 电气设备

5年收入现金流贴现退出法