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Metrics | Range | Conclusion |
---|---|---|
Discount Rate | 9.8% - 8.8% | 9.3% |
Perpetuity Growth Rate | 1.3% - 2.3% | 1.8% |
Fair Value | ₪9 - ₪10.38 | ₪9.60 |
Upside | 19.3% - 37.5% | 27.2% |
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 | |
Revenue | 18 | 18 | 18 | 18 | 18 | 18 | |
% Growth | -18.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
EBITDA | 9 | 11 | 11 | 11 | 11 | 11 | |
% of Revenue | 48.5% | 58.5% | 58.5% | 58.5% | 58.5% | 58.5% |
Calculation of Free Cash Flow | |||||||
Projected Unlevered Cash Flow | |||||||
(USD in millions) | Dec-25 | Dec-26 | Dec-27 | Dec-28 | Dec-29 | Terminal | |
EBITDA | 11 | 11 | 11 | 11 | 11 | 11 | |
Other Income / (Exp) | 0 | 0 | 0 | 0 | 0 | 0 | |
D&A | (0) | (0) | (0) | (0) | (0) | (0) | |
EBIT | 10 | 10 | 10 | 10 | 10 | 10 | |
Pro forma Taxes | (3) | (3) | (3) | (3) | (3) | (3) | |
NOPAT | 6 | 7 | 7 | 7 | 7 | 7 | 7 |
Capital Expenditures | (0) | (0) | (0) | (0) | (0) | (0) | (0) |
NWC Investment | 2 | 0 | 0 | 0 | 0 | 0 | (0) |
(+) D&A | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Free Cash Flow | 8 | 7 | 7 | 7 | 7 | 7 | 7 |
% Growth | -5% | 0% | 0% | 0% | 0% | -2% |