As of June 2, 2025, Prymus SA has a Discounted Cash Flow (DCF) derived fair value of $7.67 per share. With the current market price at $5.95, this represents a potential upside of 28.9%.
| Key Metrics | Value |
|---|---|
| DCF Fair Value (5-year) | $7.38 |
| DCF Fair Value (10-year) | $7.67 |
| Potential Upside (5-year) | 24.1% |
| Potential Upside (10-year) | 28.9% |
| Discount Rate (WACC) | 7.7% - 9.7% |
Revenue is projected to grow from $45 million in 12-2024 to $42 million by 12-2034, representing a compound annual growth rate of approximately -0.7%.
| Fiscal Year | Revenue (USD millions) | Growth |
|---|---|---|
| 12-2024 | 45 | 6% |
| 12-2025 | 32 | -28% |
| 12-2026 | 34 | 5% |
| 12-2027 | 35 | 3% |
| 12-2028 | 36 | 4% |
| 12-2029 | 38 | 4% |
| 12-2030 | 39 | 2% |
| 12-2031 | 40 | 3% |
| 12-2032 | 40 | 2% |
| 12-2033 | 42 | 3% |
| 12-2034 | 42 | 2% |
Net profit margin is expected to improve from 16% in 12-2024 to 16% by 12-2034, driven by operational efficiency and economies of scale.
| Fiscal Year | Net Profit (USD millions) | Profit Margin |
|---|---|---|
| 12-2024 | 7 | 16% |
| 12-2025 | 5 | 16% |
| 12-2026 | 5 | 16% |
| 12-2027 | 6 | 16% |
| 12-2028 | 6 | 16% |
| 12-2029 | 6 | 16% |
| 12-2030 | 6 | 16% |
| 12-2031 | 6 | 16% |
| 12-2032 | 6 | 16% |
| 12-2033 | 7 | 16% |
| 12-2034 | 7 | 16% |
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) |
|---|---|
| 12-2025 | 0 |
| 12-2026 | 0 |
| 12-2027 | 0 |
| 12-2028 | 0 |
| 12-2029 | 0 |
| 12-2030 | 0 |
Net working capital is expected to increase gradually, with projected changes affecting free cash flow.
| Components | Average Days |
|---|---|
| Days Receivables | 31 |
| Days Inventory | 38 |
| Days Payables | 46 |
| Fiscal Year | EBITDA | Tax | CapEx | Change in NWC | FCF |
|---|---|---|---|---|---|
| 9M/2025 | 4 | 1 | 0 | (0) | 4 |
| 2026 | 6 | 1 | 0 | (0) | 5 |
| 2027 | 6 | 1 | 0 | 0 | 5 |
| 2028 | 6 | 1 | 0 | 0 | 5 |
| 2029 | 7 | 1 | 0 | 0 | 5 |
| Valuation Method | Fair Price (USD) | Potential Upside |
|---|---|---|
| 5-Year DCF (Growth) | 7.38 | 24.1% |
| 10-Year DCF (Growth) | 7.67 | 28.9% |
| 5-Year DCF (EBITDA) | 6.73 | 13.1% |
| 10-Year DCF (EBITDA) | 7.15 | 20.2% |
Is Prymus SA (PRS.WA) a buy or a sell? Prymus SA is definitely a buy. Based on our DCF analysis, Prymus SA (PRS.WA) appears to be significantly undervalued with upside potential of 28.9%. 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 $5.95.