Industria de Diseño Textil, S.A.
BME-ITX
BUILD UP FREE CASH | 2023-01-31 (A) | 2024-01-31 (A) | 2025-01-31 (A) | 2026-01-31 (E) | 2027-01-31 (E) | 2028-01-31 (E) | 2029-01-31 (E) | 2030-01-31 (E) |
|---|---|---|---|---|---|---|---|---|
Revenue | 32,569 | 35,947 | 38,632 | 39,957.1 | 42,751 | 45,804.7 | 45,804.7 | 45,804.7 |
Revenue % Chg. | 17.5% | 10.4% | 7.5% | |||||
EBIT | 5,571 | 6,856 | 7,594 | 7,903 | 8,600.2 | 9,328 | 9,328 | 9,328 |
EBIT Margin | 17.1% | 19.1% | 19.7% | |||||
Tax Rate | 22.6% | 21.5% | 22.4% | |||||
NOPAT | 4,311.9 | 5,384 | 5,890.2 | 6,133.6 | 6,665.1 | 7,229.2 | 7,229.2 | 7,229.2 |
NOPAT Margin | 13.2% | 15% | 15.2% | 15.4% | 15.6% | 15.8% | 15.8% | 15.8% |
D&A | 2,690 | 2,775 | 2,820 | 3,263.6 | 3,242.2 | 3,369.9 | 3,369.9 | 3,369.9 |
D&A / Revenue | 8.3% | 7.7% | 7.3% | |||||
Capex | -1,027 | -1,399 | -2,207 | -2,563.3 | -2,034.1 | -2,121.7 | -2,121.7 | -2,121.7 |
Capex / Revenue | -3.2% | -3.9% | -5.7% | |||||
Chg. NWC | -669 | -57 | -199 | -363.3 | -388.7 | -416.5 | -416.5 | -416.5 |
Chg. NWC / Revenue | -2.1% | -0.2% | -0.5% | |||||
Unlevered FCF (UFCF) | 5,305.9 | 6,703 | 6,304.2 | 6,470.6 | 7,484.5 | 8,060.9 | 8,060.9 | 8,060.9 |
UFCF % Chg. | -5.3% | 26.3% | -5.9% | 2.6% | 15.7% | 7.7% | — | — |
PV of UFCF | — | — | — | 5,837.5 | 6,091.6 | 5,918.8 | 5,339.7 | 4,817.3 |
Sum of PV of UFCF | — | — | — | 5,837.5 | 11,929.1 | 17,847.9 | 23,187.6 | 28,004.9 |
| Cost of Debt | |
| Tax Rate | |
| After Tax Cost of Debt | 4.9% |
| Risk Free Rate | |
| Market Risk Premium | |
| Beta | 1 |
| Cost of Equity | 11.1% |
| Total Debt | 5,729 |
| Market Cap | 142,729.1 |
| Total Capital | 148,458.1 |
| Debt Weighting | 3.9% |
| Equity Weighting | 96.1% |
| WACC | 10.8% |
| Exit Multiple EV/FCF | |
| Terminal Value | 138,935.9 |
| PV of Terminal Value | 74,905.7 |
| Cumulative PV of UFCF | 28,004.9 |
| Net Debt | -4,422 |
| Equity Value | 107,332.6 |
| Shares Outstanding | 3,114.7 |
| Implied Share Price | 34.5 |
| Current Share Price | 54.5 |
| Implied Upside / (Downside) | -36.7% |