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6,633 Posts.
615
14/05/17
11:27
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How about this
|
Column 1 |
Column 2 |
Column 3 |
Column 4 |
Column 5 |
Column 6 |
0 |
Year |
Consumer BB Growth |
Other Growth (10% growth on other 50%) |
FCF (theory) |
Improvment capex |
FCF (practice) |
1 |
FY17 |
|
|
130.6 |
40 |
90.6 |
2 |
FY18 |
16.8 |
6.5 |
154 |
20 |
133.9 |
3 |
FY19 |
16.8 |
7.7 |
178 |
10 |
168.4 |
4 |
FY20 |
16.8 |
8.9 |
204 |
|
204.1 |
5 |
|
|
|
FCFx |
21 |
4,287.10 |
6 |
|
|
|
|
FY20 value |
$6.91 |
Still 21 multiple seems pretty high even if it is market average
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