As of May 22, 2025, Allianz Technology Trust PLC has a Discounted Cash Flow (DCF) derived fair value of $967.65 per share. With the current market price at $395.50, this represents a potential upside of 183.3%.
| Key Metrics | Value |
|---|---|
| DCF Fair Value (5-year) | $967.65 |
| DCF Fair Value (10-year) | $0.00 |
| Potential Upside (5-year) | 144.7% |
| Potential Upside (10-year) | 183.3% |
| Discount Rate (WACC) | 8.4% - 10.1% |
Revenue is projected to grow from $249 million in 12-2021 to $400 million by 12-2031, representing a compound annual growth rate of approximately 4.9%.
| Fiscal Year | Revenue (USD millions) | Growth |
|---|---|---|
| 12-2021 | 249 | 52% |
| 12-2022 | 260 | 5% |
| 12-2023 | 278 | 7% |
| 12-2024 | 288 | 3% |
| 12-2025 | 293 | 2% |
| 12-2026 | 305 | 4% |
| 12-2027 | 320 | 5% |
| 12-2028 | 334 | 4% |
| 12-2029 | 357 | 7% |
| 12-2030 | 377 | 6% |
| 12-2031 | 400 | 6% |
Net profit margin is expected to improve from 96% in 12-2021 to 96% by 12-2031, driven by operational efficiency and economies of scale.
| Fiscal Year | Net Profit (USD millions) | Profit Margin |
|---|---|---|
| 12-2021 | 239 | 96% |
| 12-2022 | 250 | 96% |
| 12-2023 | 267 | 96% |
| 12-2024 | 276 | 96% |
| 12-2025 | 281 | 96% |
| 12-2026 | 293 | 96% |
| 12-2027 | 307 | 96% |
| 12-2028 | 320 | 96% |
| 12-2029 | 343 | 96% |
| 12-2030 | 362 | 96% |
| 12-2031 | 384 | 96% |
with a 5-year average of $0 million. Projected CapEx is expected to maintain at approximately 0% of revenue.
Depreciation is based on an average useful life of 5 years for capital assets.
| Fiscal Year | D&A (USD millions) |
|---|---|
| 12-2022 | 0 |
| 12-2023 | 0 |
| 12-2024 | 0 |
| 12-2025 | 0 |
| 12-2026 | 0 |
| 12-2027 | 0 |
Net working capital is expected to increase gradually, with projected changes affecting free cash flow.
| Components | Average Days |
|---|---|
| Days Receivables | 4 |
| Days Inventory | 0 |
| Days Payables | 8 |
| Fiscal Year | EBITDA | Tax | CapEx | Change in NWC | FCF |
|---|---|---|---|---|---|
| 2022 | 251 | 1 | 0 | 1 | 248 |
| 2023 | 267 | 1 | 0 | (0) | 267 |
| 2024 | 277 | 1 | 0 | (0) | 276 |
| 2025 | 282 | 1 | 0 | 0 | 281 |
| 2026 | 294 | 1 | 0 | 0 | 293 |
| Valuation Method | Fair Price (USD) | Potential Upside |
|---|---|---|
| 5-Year DCF (Growth) | 967.65 | 144.7% |
| 10-Year DCF (Growth) | 0.00 | 183.3% |
| 5-Year DCF (EBITDA) | 660.77 | 67.1% |
| 10-Year DCF (EBITDA) | 865.53 | 118.8% |
Is Allianz Technology Trust PLC (ATT.L) a buy or a sell? Allianz Technology Trust PLC is definitely a buy. Based on our DCF analysis, Allianz Technology Trust PLC (ATT.L) appears to be significantly undervalued with upside potential of 183.3%. The company's strong projected growth in revenue and profitability, coupled with consistent capital expenditure, supports our positive outlook on its intrinsic value.
Key investment drivers include:
Investors should consider a strong buy at the current market price of $395.50.