Industry KPI Comparison (FY2023A)
| Metric | Mfg | Trading | Construction | Real Estate |
|---|---|---|---|---|
| EBITDA Margin | 23.0% | 5.5% | 7.0% | 64.7% |
| Net Margin | 10.6% | 2.5% | 2.4% | 44.4% |
| WC Days (DSO+DIO−DPO) | 100 days | 21 days | 35 days | 100 days |
| Net Debt / EBITDA | 0.5x | 0.9x | 2.1x | 1.3x |
Debt policyExogenous debt schedule (user repayment/borrowing inputs). No cash sweep in MVP — surplus cash does not auto-pay debt. Real estate uses LTV targets instead of explicit debt inputs.
Assumptions
Base
6.0%
7.0%
85%
75 days
15 days
55 days
0.5x
EBITDA Margin
7.0%
FY2023A
Return on Equity (ROE)
-16.1%
FY2023A
Net Debt / EBITDA
2.1x
FY2023A
Net Margin
2.4%
FY2023A
Financial Statements
| Line Item | FY2023A | FY2024E | FY2025E | FY2026E | FY2027E | FY2028E |
|---|---|---|---|---|---|---|
| Revenue | 480.0 | 508.8 | 547.0 | 585.2 | 623.3 | 660.7 |
| COGS | 408.0 | 432.5 | 464.9 | 497.5 | 529.8 | 561.6 |
| Gross Profit | 72.0 | 76.3 | 82.0 | 87.8 | 93.5 | 99.1 |
| SG&A | 38.4 | 40.7 | 43.8 | 46.8 | 49.9 | 52.9 |
| EBITDA | 33.6 | 35.6 | 38.3 | 41.0 | 43.6 | 46.2 |
| D&A | 10.8 | 11.1 | 11.5 | 11.9 | 12.4 | 13.0 |
| EBIT | 22.8 | 24.5 | 26.8 | 29.0 | 31.2 | 33.2 |
| Interest Expense | 8.3 | 8.4 | 8.5 | 8.0 | 7.4 | 6.4 |
| EBT | 14.6 | 16.1 | 18.3 | 21.0 | 23.8 | 26.8 |
| Income Tax | 2.9 | 3.2 | 3.7 | 4.2 | 4.8 | 5.4 |
| Net Income | 11.6 | 12.8 | 14.7 | 16.8 | 19.1 | 21.5 |