What sort of ebitda is expected to be achieved when they fill their existing DC's , 8 times enterprise value/ebitda may be fair value. Assume cash left by mid year 40m , fy15 ebitda required to achieve 8 times multiple is around 41m based on enterprise value of 325m.
FY15 Outlook
Based on the Company’s current utilisation levels and expected new client contracts, NEXTDC expects the following outcomes over FY15:
• new sales between 2.4MW and 3.0MW (FY14: 2.1MW)
• substantial growth in data centre services revenue to between $51.0 million and $55.0 million4 (FY14: $30.4 million)
• direct variable costs, including power and consumables, to increase in line with customer consumption (FY14: $3.9 million) 3 Excludes incremental large whitespace or major deals 4 Revenue from ordinary activities in FY14 ($48.3 million) included data centre development revenue of $15.5 million. Revenue from ordinary activities in FY15 will predominantly consist of revenue from data centre services as no new base building development is currently in progress.
• fixed costs, excluding power and consumables, of between $44.0 million and $46.5 million (FY14: $42.6 million5 )
• capital investment on plant and equipment of between $30.0 million and $35.0 million
• positive earnings before interest, tax, depreciation and amortisation (EBITDA) reflecting the leverage now available in the Company’s asset base.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)