As of June 21, 2025, Cars Motorcycles and Marine Engine Trade and Import Company SA has a Discounted Cash Flow (DCF) derived fair value of $6.47 per share. With the current market price at $2.48, this represents a potential upside of 160.8%.
| Key Metrics | Value |
|---|---|
| DCF Fair Value (5-year) | $4.77 |
| DCF Fair Value (10-year) | $6.47 |
| Potential Upside (5-year) | 92.3% |
| Potential Upside (10-year) | 160.8% |
| Discount Rate (WACC) | 6.8% - 10.9% |
Revenue is projected to grow from $196 million in 12-2024 to $398 million by 12-2034, representing a compound annual growth rate of approximately 7.3%.
| Fiscal Year | Revenue (USD millions) | Growth |
|---|---|---|
| 12-2024 | 196 | 15% |
| 12-2025 | 218 | 11% |
| 12-2026 | 233 | 7% |
| 12-2027 | 243 | 4% |
| 12-2028 | 263 | 8% |
| 12-2029 | 289 | 10% |
| 12-2030 | 315 | 9% |
| 12-2031 | 332 | 5% |
| 12-2032 | 348 | 5% |
| 12-2033 | 366 | 5% |
| 12-2034 | 398 | 9% |
Net profit margin is expected to improve from 5% in 12-2024 to 5% by 12-2034, driven by operational efficiency and economies of scale.
| Fiscal Year | Net Profit (USD millions) | Profit Margin |
|---|---|---|
| 12-2024 | 10 | 5% |
| 12-2025 | 11 | 5% |
| 12-2026 | 12 | 5% |
| 12-2027 | 12 | 5% |
| 12-2028 | 13 | 5% |
| 12-2029 | 15 | 5% |
| 12-2030 | 16 | 5% |
| 12-2031 | 17 | 5% |
| 12-2032 | 18 | 5% |
| 12-2033 | 19 | 5% |
| 12-2034 | 20 | 5% |
with a 5-year average of $2 million. Projected CapEx is expected to maintain at approximately 2% of revenue.
Depreciation is based on an average useful life of 5 years for capital assets.
| Fiscal Year | D&A (USD millions) |
|---|---|
| 12-2025 | 2 |
| 12-2026 | 2 |
| 12-2027 | 3 |
| 12-2028 | 3 |
| 12-2029 | 4 |
| 12-2030 | 4 |
Net working capital is expected to increase gradually, with projected changes affecting free cash flow.
| Components | Average Days |
|---|---|
| Days Receivables | 19 |
| Days Inventory | 59 |
| Days Payables | 60 |
| Fiscal Year | EBITDA | Tax | CapEx | Change in NWC | FCF |
|---|---|---|---|---|---|
| 2025 | 20 | 4 | 3 | (2) | 15 |
| 2026 | 22 | 4 | 4 | 1 | 13 |
| 2027 | 23 | 4 | 4 | 1 | 14 |
| 2028 | 25 | 4 | 4 | 0 | 16 |
| 2029 | 28 | 5 | 4 | 1 | 17 |
| Valuation Method | Fair Price (USD) | Potential Upside |
|---|---|---|
| 5-Year DCF (Growth) | 4.77 | 92.3% |
| 10-Year DCF (Growth) | 6.47 | 160.8% |
| 5-Year DCF (EBITDA) | 3.81 | 53.6% |
| 10-Year DCF (EBITDA) | 5.49 | 121.5% |
Is Cars Motorcycles and Marine Engine Trade and Import Company SA (MOTO.AT) a buy or a sell? Cars Motorcycles and Marine Engine Trade and Import Company SA is definitely a buy. Based on our DCF analysis, Cars Motorcycles and Marine Engine Trade and Import Company SA (MOTO.AT) appears to be significantly undervalued with upside potential of 160.8%. 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 $2.48.