BUILD UP FREE CASH
2022-12-31 (A)
2023-12-31 (A)
2024-12-31 (A)
2025-12-31 (E)
2026-12-31 (E)
2027-12-31 (E)
2028-12-31 (E)
2029-12-31 (E)

Revenue

7.980.40.40.40.40.40.4

Revenue % Chg.

2.7%1.1%-95%

EBIT

97.1-0.60.10.10.10.10.1

EBIT Margin

113.4%88.7%-148.3%

Tax Rate

NOPAT

NOPAT Margin

D&A

D&A / Revenue

Capex

Capex / Revenue

Chg. NWC

0.60.6-000000

Chg. NWC / Revenue

7.6%7.1%-9.8%

Unlevered FCF (UFCF)

UFCF % Chg.

PV of UFCF

Sum of PV of UFCF

Cost of Debt
Tax Rate
After Tax Cost of Debt
Risk Free Rate
Market Risk Premium
Beta1
Cost of Equity8.8%
Total Debt0.8
Market Cap62.5
Total Capital63.3
Debt Weighting1.2%
Equity Weighting98.8%
WACC
Exit Multiple EV/FCF
Terminal Value
PV of Terminal Value
Cumulative PV of UFCF
Net Debt0.8
Equity Value
Shares Outstanding6.3
Implied Share Price
Current Share Price10
Implied Upside / (Downside)