Welspun Corp Ltd

NSEI:WELCORP

印度 / 材料 / 金属与矿业

概况

股息

5年DCF EBITDA退出价

股票价格

869.80 INR

公允价值

703.56 INR

Metrics	Range	Conclusion
Discount Rate	9.0% - 8.0%	8.5%
Terminal EBITDA Multiple	8.2x - 10.2x	9.2x
Fair Value	610.11₹ - 800.33₹	703.56₹
Upside	-30.0% - -8.2%	-19.3%

6.2%

Revenue 5y CAGR

11.7%

5y Avg EBITDA Margin

-28.5%

Unlevered FCF 5y CAGR

5-Year DCF Model: EBITDA Exit

股票价格

869.80 INR

公允价值

703.56 INR

看涨

-19.3%

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	173,396	147,978	191,573	210,954	226,776	234,713
% Growth	77.7%	-14.7%	29.5%	10.1%	7.5%	3.5%

EBITDA	16,009	16,462	20,873	24,421	28,520	29,519
% of Revenue	9.2%	11.1%	10.9%	11.6%	12.6%	12.6%

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

EBITDA		16,462	20,873	24,421	28,520	29,519
Other Income / (Exp)		0	0	0	0	0
D&A		(3,565)	(4,120)	(4,275)	(4,596)	(4,756)

EBIT		12,897	16,753	20,146	23,925	24,762
Pro forma Taxes		(3,998)	(5,193)	(6,245)	(7,417)	(7,676)
NOPAT	8,768	8,899	11,560	13,901	16,508	17,086

Capital Expenditures	(2,990)	(12,000)	(16,000)	(18,000)	(19,350)	(20,027)
NWC Investment	1,379	(462)	793	353	288	144
(+) D&A	3,301	3,565	4,120	4,275	4,596	4,756

Free Cash Flow	10,459	2	473	528	2,041	1,959
% Growth		-100%	30415%	12%	286%	-4%

加载出错

Welspun Corp Ltd

NSEI:WELCORP

印度 / 材料 / 金属与矿业

5年DCF EBITDA退出价