AI 銘柄分析 · 10年

CVC Capital Partners plc

CVC · EUR · 分析基準日 2026-11-06

CVC：運用手数料と成功報酬の10年評価

10年期待年率5.99%

資本コスト11.00%

直近終値14.46 EUR2026-11-06

AIによるシナリオ分析です。基準日以降の出来事、株価や為替の変化は個別に確認が必要です。各数値は元の分析の単位と前提に従います。

分析の要約

運用資産に基づく手数料、成功報酬の変動、投資持分、借入、買収に伴う希薄化を５ケースで評価します。株数は９月末の代理値、株価は二次資料で照合。未収成功報酬の回収時期と追加報酬・税の実態は不明であり、費用を過大に見積もる可能性があります。2026年11月時点の財務は推計です。

要約の補足

buffett_moat: GP/LPネットワーク、世界30拠点の人材、長年の運用実績、複数戦略・リレーションシップに持続優位。LP資金の解約不能期間が手数料の可視性を確保する一方、次号ファンド募集・実現益・キーパーソンに依存し永久独占ではない。
management_and_alignment: Rob LucasからTodd SisitskyとPeter Rutlandへ2028年Q1までに共同CEO移行予定。事業買収で米クレジットに参入するがMarathon最大56m相当の交換株で旧株主希薄化、既存CVC DIF39%の将来新株も別枠。買戻し実績と将来株式希薄化を両建てで精査。
owner_earnings: 2026 H1連結CFO €241mは親会社帰属利益€357mと等しくない。IFRS投資評価益と発生carryを全部現金視せず、cash carry, GP出資、設備維持、新規ファンド・配分費用、NCI、SBCを分離したcash bridgeに置き換える。2028年以降会社負担SIF市場購入額=当期SBC費用と置き、キャッシュから支出。2037年持続FCFも非現金加算と株数補填費用を相殺。
reliability: 全55行と日時CFは予測モデル内部の算術恒等式であり2026年11月現在の会社決算として確定していない。NCI留保現金は終価から除外、2028年以降SIF買付を会社負担の仮定で計上。2026Q3は活動報告のみ、買収IFRS3配分・2026-11-06株数・SIF保有株数は欠落。
margin_of_safety: 期待価値と€14.46を比べ割引率11%に対する株主還元能力で判定。Fund LPの23% Gross IRRは上場CVC株主IRRではない。

結論の補足

名称: 強いファンド募集網と継続手数料。ただし成功報酬の現金化・子会社持分交換による希薄化・買収対価が安全余裕を侵食
valuation_call: not_sufficient_margin_of_safety_at_spot_price
spot_eur_per_share: 14.46
expected_intrinsic_value_eur_per_initial_share: 9.974263784
expected_present_value_old_cohort_oku: 103.988429885
expected_value_to_price: 0.689783111
expected_margin_of_safety_vs_price: -0.310216889
expected_cashflow_money_weighted_IRR: 0.059949760562
expected_case_IRRs_weighted_average_not_used: 0.043057818355

事業

プライベートエクイティ、信用、セカンダリー、インフラの運用とファンド組成を行い、運用報酬や投資成果に応じた報酬を得ます。

競争力・事業の質

投資家との長期関係や運用実績は強みですが、資金調達と投資成果、運用人材、投資価値の変動に左右されます。

業界と環境

企業買収・信用市場と金利、ファンド償還や資金募集の周期の影響を受けます。

財務・資本配分

買収対価の現金・子会社持分、株式報酬、非支配持分、未収報酬と借入を区別して株主の持分を評価します。

評価の前提と確認

運用手数料と成功報酬を別々に予測し、既存の未収報酬と将来の新規報酬が重ならないよう計算します。

資本コストの前提

資本コスト: 11.00%
carry_risk_discount_rate: 0.16
k_policy: Nominal EUR 11% judgmental equity capital cost with business-model cyclicality, valuation and acquisition risk; same k for 5 scenarios, extra 5pp for risky carry franchise. Not inferred from market PE.
terminal_growth_policy: scenario-specific long-term cash growth strictly below k; market valuation multiples not used

事業別データ

事業別の内訳と、収録されている年度別データを確認できます。

事業別データを開く →

10年のシナリオ

シナリオごとの確率、期間内の株主還元・追加負担、終価です。金額は億EUR。株主の範囲や受取時点は各分析の前提を確認してください。

シナリオ	確率	株主還元・追加負担	終価
強気	12.0%	99.04	348.60
やや強気	20.0%	85.95	244.31
中立	36.0%	75.74	179.17
やや弱気	22.0%	58.05	77.05
弱気	10.0%	36.53	21.40

強気（確率 12.0%）

投資環境・運用資産・成功報酬・持分希薄化に関する仮定

確率の根拠

ケース確率は分析上の仮定です。

このシナリオの数値・キャッシュフローを開く →

やや強気（確率 20.0%）

投資環境・運用資産・成功報酬・持分希薄化に関する仮定

確率の根拠

ケース確率は分析上の仮定です。

このシナリオの数値・キャッシュフローを開く →

中立（確率 36.0%）

投資環境・運用資産・成功報酬・持分希薄化に関する仮定

確率の根拠

ケース確率は分析上の仮定です。

事業別の前提

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名称: 手数料・成功報酬・投資収益（連結合計）
数量: 1
価格・単価: 39.247595137248
営業利益: 未確認

日付別キャッシュフロー

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想定日: 2026-11-24
year: 0.049281314168
金額: 0
種類: possible_private_equity_deep_dive_recheck
date_status: scenario_assumption
出典: company_reports_calendar_needs_refresh
ordinary_issued_after_event: 1042567473
old_cohort_shares_after_event: 1042567473

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想定日: 2026-12-15
year: 0.106776180698
金額: 0
種類: sbc_existing_share_delivery_recheck
date_status: scenario_assumption
new_ordinary_shares: 0
employee_SIF_financing_unverified: はい
ordinary_issued_after_event: 1042567473
old_cohort_shares_after_event: 1042567473

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想定日: 2027-01-15
year: 0.191649555099
金額: 0
種類: fund_x_formal_launch_date_proxy
date_status: scenario_assumption
出典: Q3_2026_issuer_activity_month_only
ordinary_issued_after_event: 1042567473
old_cohort_shares_after_event: 1042567473

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想定日: 2027-01-28
year: 0.227241615332
金額: 0
種類: scheduled_2026_activity_publication
date_status: company_announced_schedule
出典: company_calendar_or_assumed_month
ordinary_issued_after_event: 1042567473
old_cohort_shares_after_event: 1042567473

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想定日: 2027-03-09
year: 0.336755646817
金額: 0
種類: scheduled_2026_financial_results
date_status: company_announced_schedule
出典: company_calendar_or_assumed_month
ordinary_issued_after_event: 1042567473
old_cohort_shares_after_event: 1042567473

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想定日: 2027-03-09
year: 0.336755646817
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.25
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1042567473
old_cohort_shares_after_event: 1042567473

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想定日: 2027-04-29
year: 0.476386036961
金額: 0
種類: scheduled_Q1_activity
date_status: company_announced_schedule
出典: company_calendar_or_assumed_month
ordinary_issued_after_event: 1042567473
old_cohort_shares_after_event: 1042567473

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想定日: 2027-04-30
year: 0.479123887748
金額: 0.6
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.6
buyback_class: within_350m_old_2026_program_assumed
buyback_execution_price_eur_assumed: 14.8020066
company_cash_paid_oku: 0.6
issuer_shares_cancelled: 4053504.487
old_holder_shares_tendered: 4053504.487
old_holder_fraction_pre_buyback: 1
ordinary_issued_after_event: 1038513968.513
old_cohort_shares_after_event: 1038513968.513

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想定日: 2027-05-12
year: 0.511978097194
金額: 0
種類: share_buyback_program_2026_end_by_date
date_status: scenario_assumption
出典: FY2025_issuer_release
ordinary_issued_after_event: 1038513968.513
old_cohort_shares_after_event: 1038513968.513

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想定日: 2027-05-14
year: 0.517453798768
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.25
record_date: 2027-05-17
payment_date: 2027-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1038513968.513
issued_shares_eligible_at_ex_date: 1038513968.513
ordinary_issued_after_event: 1038513968.513
old_cohort_shares_after_event: 1038513968.513

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想定日: 2027-05-17
year: 0.525667351129
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: final
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1038513968.513
old_cohort_shares_after_event: 1038513968.513

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想定日: 2027-06-11
year: 0.594113620808
金額: 2.596284921
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2027-05-14
assumed_dps_eur: 0.25
company_dividend_cash_outflow_oku: 2.596284921
old_holder_remaining_shares_today: 1038513968.513
ordinary_issued_after_event: 1038513968.513
old_cohort_shares_after_event: 1038513968.513

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想定日: 2027-06-15
year: 0.605065023956
金額: 0
種類: sbc_existing_SIF_shares_delivery_non_cash
date_status: scenario_assumption
new_ordinary_shares: 0
trust_funding_not_proven: はい
ordinary_issued_after_event: 1038513968.513
old_cohort_shares_after_event: 1038513968.513

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想定日: 2027-07-01
year: 0.64887063655
金額: 0
種類: dif_39_percent_part_1_share_settlement_non_cash
date_status: scenario_assumption
new_ordinary_shares: 16522500
forward_liability_settlement_oku: 2.1
nci_equity_reclass_oku: 0.895
old_holder_fraction_after_share_settlement: 0.984339403904
ordinary_issued_after_event: 1055036468.513
old_cohort_shares_after_event: 1038513968.513

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想定日: 2027-07-30
year: 0.728268309377
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.275
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1055036468.513
old_cohort_shares_after_event: 1038513968.513

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想定日: 2027-08-20
year: 0.785763175907
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.275
record_date: 2027-08-23
payment_date: 2027-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1038513968.513
issued_shares_eligible_at_ex_date: 1055036468.513
ordinary_issued_after_event: 1055036468.513
old_cohort_shares_after_event: 1038513968.513

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想定日: 2027-08-23
year: 0.793976728268
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: interim
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1055036468.513
old_cohort_shares_after_event: 1038513968.513

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想定日: 2027-09-15
year: 0.856947296372
金額: 2.855913413
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2027-08-20
assumed_dps_eur: 0.275
company_dividend_cash_outflow_oku: 2.901350288
old_holder_remaining_shares_today: 1038513968.513
ordinary_issued_after_event: 1055036468.513
old_cohort_shares_after_event: 1038513968.513

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想定日: 2028-03-09
year: 1.338809034908
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.26125
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1055036468.513
old_cohort_shares_after_event: 1038513968.513

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想定日: 2028-05-12
year: 1.514031485284
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.26125
record_date: 2028-05-15
payment_date: 2028-06-12
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1038513968.513
issued_shares_eligible_at_ex_date: 1055036468.513
ordinary_issued_after_event: 1055036468.513
old_cohort_shares_after_event: 1038513968.513

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想定日: 2028-05-15
year: 1.522245037645
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: final
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1055036468.513
old_cohort_shares_after_event: 1038513968.513

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想定日: 2028-06-12
year: 1.598904859685
金額: 2.713117743
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2028-05-12
assumed_dps_eur: 0.26125
company_dividend_cash_outflow_oku: 2.756282774
old_holder_remaining_shares_today: 1038513968.513
ordinary_issued_after_event: 1055036468.513
old_cohort_shares_after_event: 1038513968.513

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想定日: 2028-06-14
year: 1.604380561259
金額: 0.274156734
種類: assumed_SIF_market_purchase_and_oldholder_sale
date_status: scenario_assumption
company_cash_purchase_cost_oku: 0.2785185
not_issuer_cancelled: はい
not_confirmed_by_CVC: はい
old_holder_shares_sold_to_funded_SIF: 1753213.983
SIF_share_purchase_quantity: 1781107.183
SIF_purchase_execution_price_eur_assumed: 15.6373801
external_shares_outside_cohort_before_trade_raw: 16522500
external_coverage_raw_unrestricted_stock_multiple: 9.276533
outside_only_raw_quantity_feasible: はい
outside_only_genuinely_saleable_lockup_adjusted_feasibility: unverified
SIF_purchase_cash_paid_by_company_oku: 0.2785185
SIF_purchase_is_issuer_cancellation: いいえ
SIF_acquired_shares_assumed_delivered_to_employee_no_issuer_stock_change: はい
seller_policy_scenario_assumed: pro_rata
ordinary_issued_after_event: 1055036468.513
old_cohort_shares_after_event: 1036760754.531

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想定日: 2028-06-15
year: 1.607118412047
金額: 0
種類: sbc_existing_SIF_shares_delivery_non_cash
date_status: scenario_assumption
new_ordinary_shares: 0
trust_funding_not_proven: はい
ordinary_issued_after_event: 1055036468.513
old_cohort_shares_after_event: 1036760754.531

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想定日: 2028-07-01
year: 1.650924024641
金額: 0
種類: marathon_subco_units_to_ordinary_share_exchange_non_cash
date_status: scenario_assumption
new_ordinary_shares: 40000000
nci_equity_reclass_oku: 6
old_holder_fraction_after_share_settlement: 0.946781942284
ordinary_issued_after_event: 1095036468.513
old_cohort_shares_after_event: 1036760754.531

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想定日: 2028-07-31
year: 1.733059548255
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.287375
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1095036468.513
old_cohort_shares_after_event: 1036760754.531

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想定日: 2028-08-18
year: 1.782340862423
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.287375
record_date: 2028-08-21
payment_date: 2028-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1036760754.531
issued_shares_eligible_at_ex_date: 1095036468.513
ordinary_issued_after_event: 1095036468.513
old_cohort_shares_after_event: 1036760754.531

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想定日: 2028-08-21
year: 1.790554414784
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: interim
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1095036468.513
old_cohort_shares_after_event: 1036760754.531

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想定日: 2028-09-15
year: 1.859000684463
金額: 2.979391218
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2028-08-18
assumed_dps_eur: 0.287375
company_dividend_cash_outflow_oku: 3.146861051
old_holder_remaining_shares_today: 1036760754.531
ordinary_issued_after_event: 1095036468.513
old_cohort_shares_after_event: 1036760754.531

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想定日: 2028-10-13
year: 1.935660506502
金額: 0.710086457
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.75
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 15.8921839
company_cash_paid_oku: 0.75
issuer_shares_cancelled: 4719301.035
old_holder_shares_tendered: 4468149.001
old_holder_fraction_pre_buyback: 0.946781942284
ordinary_issued_after_event: 1090317167.478
old_cohort_shares_after_event: 1032292605.53

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想定日: 2029-03-09
year: 2.338124572211
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.27300625
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1090317167.478
old_cohort_shares_after_event: 1032292605.53

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想定日: 2029-05-14
year: 2.518822724162
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.27300625
record_date: 2029-05-15
payment_date: 2029-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1032292605.53
issued_shares_eligible_at_ex_date: 1090317167.478
ordinary_issued_after_event: 1090317167.478
old_cohort_shares_after_event: 1032292605.53

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想定日: 2029-05-15
year: 2.521560574949
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: final
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1090317167.478
old_cohort_shares_after_event: 1032292605.53

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想定日: 2029-06-11
year: 2.595482546201
金額: 2.818223331
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2029-05-14
assumed_dps_eur: 0.27300625
company_dividend_cash_outflow_oku: 2.976634012
old_holder_remaining_shares_today: 1032292605.53
ordinary_issued_after_event: 1090317167.478
old_cohort_shares_after_event: 1032292605.53

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想定日: 2029-06-14
year: 2.603696098563
金額: 0.272925656
種類: assumed_SIF_market_purchase_and_oldholder_sale
date_status: scenario_assumption
company_cash_purchase_cost_oku: 0.288266647
not_issuer_cancelled: はい
not_confirmed_by_CVC: はい
old_holder_shares_sold_to_funded_SIF: 1662285.339
SIF_share_purchase_quantity: 1755721.423
SIF_purchase_execution_price_eur_assumed: 16.4187008
external_shares_outside_cohort_before_trade_raw: 58024561.948
external_coverage_raw_unrestricted_stock_multiple: 33.048843
outside_only_raw_quantity_feasible: はい
outside_only_genuinely_saleable_lockup_adjusted_feasibility: unverified
SIF_purchase_cash_paid_by_company_oku: 0.288266647
SIF_purchase_is_issuer_cancellation: いいえ
SIF_acquired_shares_assumed_delivered_to_employee_no_issuer_stock_change: はい
seller_policy_scenario_assumed: pro_rata
ordinary_issued_after_event: 1090317167.478
old_cohort_shares_after_event: 1030630320.191

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想定日: 2029-06-15
year: 2.60643394935
金額: 0
種類: sbc_existing_SIF_shares_delivery_non_cash
date_status: scenario_assumption
new_ordinary_shares: 0
trust_funding_not_proven: はい
ordinary_issued_after_event: 1090317167.478
old_cohort_shares_after_event: 1030630320.191

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想定日: 2029-07-01
year: 2.650239561944
金額: 0
種類: dif_39_percent_part_2_share_settlement_non_cash
date_status: scenario_assumption
new_ordinary_shares: 16522500
forward_liability_settlement_oku: 2.1
nci_equity_reclass_oku: 0.895
old_holder_fraction_after_share_settlement: 0.931146895503
ordinary_issued_after_event: 1106839667.478
old_cohort_shares_after_event: 1030630320.191

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想定日: 2029-07-01
year: 2.650239561944
金額: 0
種類: marathon_earnout_new_subco_exchange_non_cash
date_status: scenario_assumption
new_ordinary_shares: 5000000
non_cash_goodwill_eur_oku: 0.822801389
old_holder_fraction_after_share_settlement: 0.926959480164
ordinary_issued_after_event: 1111839667.478
old_cohort_shares_after_event: 1030630320.191

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想定日: 2029-07-01
year: 2.650239561944
金額: 0
種類: marathon_earnout_cash_payment_to_sellers_not_old_holder
date_status: scenario_assumption
company_cash_outflow_oku: 0.85
ordinary_issued_after_event: 1111839667.478
old_cohort_shares_after_event: 1030630320.191

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想定日: 2029-07-30
year: 2.729637234771
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.300306875
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1111839667.478
old_cohort_shares_after_event: 1030630320.191

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想定日: 2029-08-20
year: 2.7871321013
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.300306875
record_date: 2029-08-21
payment_date: 2029-09-17
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1030630320.191
issued_shares_eligible_at_ex_date: 1111839667.478
ordinary_issued_after_event: 1111839667.478
old_cohort_shares_after_event: 1030630320.191

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想定日: 2029-08-21
year: 2.789869952088
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: interim
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1111839667.478
old_cohort_shares_after_event: 1030630320.191

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想定日: 2029-09-17
year: 2.86379192334
金額: 3.095053707
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2029-08-20
assumed_dps_eur: 0.300306875
company_dividend_cash_outflow_oku: 3.33893096
old_holder_remaining_shares_today: 1030630320.191
ordinary_issued_after_event: 1111839667.478
old_cohort_shares_after_event: 1030630320.191

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想定日: 2029-10-15
year: 2.94045174538
金額: 0.718393597
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.775
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 16.6906944
company_cash_paid_oku: 0.775
issuer_shares_cancelled: 4643305.924
old_holder_shares_tendered: 4304156.446
old_holder_fraction_pre_buyback: 0.926959480164
ordinary_issued_after_event: 1107196361.553
old_cohort_shares_after_event: 1026326163.745

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想定日: 2030-03-11
year: 3.342915811088
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.285291531
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1107196361.553
old_cohort_shares_after_event: 1026326163.745

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想定日: 2030-05-14
year: 3.518138261465
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.285291531
record_date: 2030-05-15
payment_date: 2030-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1026326163.745
issued_shares_eligible_at_ex_date: 1107196361.553
ordinary_issued_after_event: 1107196361.553
old_cohort_shares_after_event: 1026326163.745

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想定日: 2030-05-15
year: 3.520876112252
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: final
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1107196361.553
old_cohort_shares_after_event: 1026326163.745

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想定日: 2030-06-11
year: 3.594798083504
金額: 2.928021626
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2030-05-14
assumed_dps_eur: 0.285291531
company_dividend_cash_outflow_oku: 3.158737451
old_holder_remaining_shares_today: 1026326163.745
ordinary_issued_after_event: 1107196361.553
old_cohort_shares_after_event: 1026326163.745

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想定日: 2030-06-14
year: 3.603011635866
金額: 0
種類: sbc_existing_SIF_shares_delivery_non_cash
date_status: scenario_assumption
new_ordinary_shares: 0
trust_funding_not_proven: はい
ordinary_issued_after_event: 1107196361.553
old_cohort_shares_after_event: 1026326163.745

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想定日: 2030-06-14
year: 3.603011635866
金額: 0.276563904
種類: assumed_SIF_market_purchase_and_oldholder_sale
date_status: scenario_assumption
company_cash_purchase_cost_oku: 0.29835598
not_issuer_cancelled: はい
not_confirmed_by_CVC: はい
old_holder_shares_sold_to_funded_SIF: 1604286.442
SIF_share_purchase_quantity: 1730697.486
SIF_purchase_execution_price_eur_assumed: 17.2390601
external_shares_outside_cohort_before_trade_raw: 80870197.808
external_coverage_raw_unrestricted_stock_multiple: 46.72694
outside_only_raw_quantity_feasible: はい
outside_only_genuinely_saleable_lockup_adjusted_feasibility: unverified
SIF_purchase_cash_paid_by_company_oku: 0.29835598
SIF_purchase_is_issuer_cancellation: いいえ
SIF_acquired_shares_assumed_delivered_to_employee_no_issuer_stock_change: はい
seller_policy_scenario_assumed: pro_rata
ordinary_issued_after_event: 1107196361.553
old_cohort_shares_after_event: 1024721877.303

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想定日: 2030-07-30
year: 3.728952772074
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.313820684
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1107196361.553
old_cohort_shares_after_event: 1024721877.303

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想定日: 2030-08-20
year: 3.786447638604
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.313820684
record_date: 2030-08-21
payment_date: 2030-09-16
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1024721877.303
issued_shares_eligible_at_ex_date: 1107196361.553
ordinary_issued_after_event: 1107196361.553
old_cohort_shares_after_event: 1024721877.303

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想定日: 2030-08-21
year: 3.789185489391
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: interim
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1107196361.553
old_cohort_shares_after_event: 1024721877.303

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想定日: 2030-09-16
year: 3.860369609856
金額: 3.215789204
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2030-08-20
assumed_dps_eur: 0.313820684
company_dividend_cash_outflow_oku: 3.474611195
old_holder_remaining_shares_today: 1024721877.303
ordinary_issued_after_event: 1107196361.553
old_cohort_shares_after_event: 1024721877.303

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想定日: 2030-10-15
year: 3.939767282683
金額: 0.740408414
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.8
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 17.5246438
company_cash_paid_oku: 0.8
issuer_shares_cancelled: 4565000.052
old_holder_shares_tendered: 4224955.559
old_holder_fraction_pre_buyback: 0.925510517272
ordinary_issued_after_event: 1102631361.501
old_cohort_shares_after_event: 1020496921.744

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想定日: 2031-03-10
year: 4.339493497604
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.29812965
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1102631361.501
old_cohort_shares_after_event: 1020496921.744

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想定日: 2031-05-14
year: 4.517453798768
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.29812965
record_date: 2031-05-15
payment_date: 2031-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1020496921.744
issued_shares_eligible_at_ex_date: 1102631361.501
ordinary_issued_after_event: 1102631361.501
old_cohort_shares_after_event: 1020496921.744

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想定日: 2031-05-15
year: 4.520191649555
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: final
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1102631361.501
old_cohort_shares_after_event: 1020496921.744

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想定日: 2031-06-11
year: 4.594113620808
金額: 3.042403901
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2031-05-14
assumed_dps_eur: 0.29812965
company_dividend_cash_outflow_oku: 3.287271019
old_holder_remaining_shares_today: 1020496921.744
ordinary_issued_after_event: 1102631361.501
old_cohort_shares_after_event: 1020496921.744

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想定日: 2031-06-13
year: 4.599589322382
金額: 0
種類: sbc_existing_SIF_shares_delivery_non_cash
date_status: scenario_assumption
new_ordinary_shares: 0
trust_funding_not_proven: はい
ordinary_issued_after_event: 1102631361.501
old_cohort_shares_after_event: 1020496921.744

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想定日: 2031-06-13
year: 4.599589322382
金額: 0.285796203
種類: assumed_SIF_market_purchase_and_oldholder_sale
date_status: scenario_assumption
company_cash_purchase_cost_oku: 0.308798439
not_issuer_cancelled: はい
not_confirmed_by_CVC: はい
old_holder_shares_sold_to_funded_SIF: 1579159.829
SIF_share_purchase_quantity: 1706258.114
SIF_purchase_execution_price_eur_assumed: 18.097991
external_shares_outside_cohort_before_trade_raw: 82134439.758
external_coverage_raw_unrestricted_stock_multiple: 48.137172
outside_only_raw_quantity_feasible: はい
outside_only_genuinely_saleable_lockup_adjusted_feasibility: unverified
SIF_purchase_cash_paid_by_company_oku: 0.308798439
SIF_purchase_is_issuer_cancellation: いいえ
SIF_acquired_shares_assumed_delivered_to_employee_no_issuer_stock_change: はい
seller_policy_scenario_assumed: pro_rata
ordinary_issued_after_event: 1102631361.501
old_cohort_shares_after_event: 1018917761.914

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想定日: 2031-07-30
year: 4.728268309377
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.327942615
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1102631361.501
old_cohort_shares_after_event: 1018917761.914

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想定日: 2031-08-20
year: 4.785763175907
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.327942615
record_date: 2031-08-21
payment_date: 2031-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1018917761.914
issued_shares_eligible_at_ex_date: 1102631361.501
ordinary_issued_after_event: 1102631361.501
old_cohort_shares_after_event: 1018917761.914

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想定日: 2031-08-21
year: 4.788501026694
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: interim
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1102631361.501
old_cohort_shares_after_event: 1018917761.914

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想定日: 2031-09-15
year: 4.856947296372
金額: 3.341465553
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2031-08-20
assumed_dps_eur: 0.327942615
company_dividend_cash_outflow_oku: 3.615998121
old_holder_remaining_shares_today: 1018917761.914
ordinary_issued_after_event: 1102631361.501
old_cohort_shares_after_event: 1018917761.914

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想定日: 2031-10-15
year: 4.939082819986
金額: 0.785466592
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.85
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 18.4002615
company_cash_paid_oku: 0.85
issuer_shares_cancelled: 4619499.557
old_holder_shares_tendered: 4268779.498
old_holder_fraction_pre_buyback: 0.924078343398
ordinary_issued_after_event: 1098011861.945
old_cohort_shares_after_event: 1014648982.417

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想定日: 2032-03-09
year: 5.338809034908
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.311545484
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1098011861.945
old_cohort_shares_after_event: 1014648982.417

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想定日: 2032-05-14
year: 5.519507186858
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.311545484
record_date: 2032-05-17
payment_date: 2032-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1014648982.417
issued_shares_eligible_at_ex_date: 1098011861.945
ordinary_issued_after_event: 1098011861.945
old_cohort_shares_after_event: 1014648982.417

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想定日: 2032-05-17
year: 5.52772073922
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: final
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1098011861.945
old_cohort_shares_after_event: 1014648982.417

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想定日: 2032-06-11
year: 5.596167008898
金額: 3.161093083
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2032-05-14
assumed_dps_eur: 0.311545484
company_dividend_cash_outflow_oku: 3.42080637
old_holder_remaining_shares_today: 1014648982.417
ordinary_issued_after_event: 1098011861.945
old_cohort_shares_after_event: 1014648982.417

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想定日: 2032-06-14
year: 5.604380561259
金額: 0.295341339
種類: assumed_SIF_market_purchase_and_oldholder_sale
date_status: scenario_assumption
company_cash_purchase_cost_oku: 0.319606385
not_issuer_cancelled: はい
not_confirmed_by_CVC: はい
old_holder_shares_sold_to_funded_SIF: 1553828.384
SIF_share_purchase_quantity: 1681489.881
SIF_purchase_execution_price_eur_assumed: 19.0073332
external_shares_outside_cohort_before_trade_raw: 83362879.528
external_coverage_raw_unrestricted_stock_multiple: 49.576795
outside_only_raw_quantity_feasible: はい
outside_only_genuinely_saleable_lockup_adjusted_feasibility: unverified
SIF_purchase_cash_paid_by_company_oku: 0.319606385
SIF_purchase_is_issuer_cancellation: いいえ
SIF_acquired_shares_assumed_delivered_to_employee_no_issuer_stock_change: はい
seller_policy_scenario_assumed: pro_rata
ordinary_issued_after_event: 1098011861.945
old_cohort_shares_after_event: 1013095154.033

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想定日: 2032-06-15
year: 5.607118412047
金額: 0
種類: sbc_existing_SIF_shares_delivery_non_cash
date_status: scenario_assumption
new_ordinary_shares: 0
trust_funding_not_proven: はい
ordinary_issued_after_event: 1098011861.945
old_cohort_shares_after_event: 1013095154.033

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想定日: 2032-07-30
year: 5.730321697467
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.342700033
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1098011861.945
old_cohort_shares_after_event: 1013095154.033

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想定日: 2032-08-20
year: 5.787816563997
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.342700033
record_date: 2032-08-23
payment_date: 2032-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1013095154.033
issued_shares_eligible_at_ex_date: 1098011861.945
ordinary_issued_after_event: 1098011861.945
old_cohort_shares_after_event: 1013095154.033

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想定日: 2032-08-23
year: 5.796030116359
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: interim
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1098011861.945
old_cohort_shares_after_event: 1013095154.033

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想定日: 2032-09-15
year: 5.859000684463
金額: 3.471877427
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2032-08-20
assumed_dps_eur: 0.342700033
company_dividend_cash_outflow_oku: 3.762887013
old_holder_remaining_shares_today: 1013095154.033
ordinary_issued_after_event: 1098011861.945
old_cohort_shares_after_event: 1013095154.033

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想定日: 2032-10-15
year: 5.941136208077
金額: 0.796027688
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.86275
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 19.3222103
company_cash_paid_oku: 0.86275
issuer_shares_cancelled: 4465068.882
old_holder_shares_tendered: 4119754.807
old_holder_fraction_pre_buyback: 0.922663214438
ordinary_issued_after_event: 1093546793.063
old_cohort_shares_after_event: 1008975399.226

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想定日: 2033-03-09
year: 6.338124572211
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.325565031
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1093546793.063
old_cohort_shares_after_event: 1008975399.226

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想定日: 2033-05-13
year: 6.516084873374
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.325565031
record_date: 2033-05-16
payment_date: 2033-06-13
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1008975399.226
issued_shares_eligible_at_ex_date: 1093546793.063
ordinary_issued_after_event: 1093546793.063
old_cohort_shares_after_event: 1008975399.226

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想定日: 2033-05-16
year: 6.524298425736
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: final
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1093546793.063
old_cohort_shares_after_event: 1008975399.226

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想定日: 2033-06-13
year: 6.600958247775
金額: 3.284871071
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2033-05-13
assumed_dps_eur: 0.325565031
company_dividend_cash_outflow_oku: 3.560205956
old_holder_remaining_shares_today: 1008975399.226
ordinary_issued_after_event: 1093546793.063
old_cohort_shares_after_event: 1008975399.226

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想定日: 2033-06-14
year: 6.603696098563
金額: 0.305210171
種類: assumed_SIF_market_purchase_and_oldholder_sale
date_status: scenario_assumption
company_cash_purchase_cost_oku: 0.330792608
not_issuer_cancelled: はい
not_confirmed_by_CVC: はい
old_holder_shares_sold_to_funded_SIF: 1529336.373
SIF_share_purchase_quantity: 1657523.947
SIF_purchase_execution_price_eur_assumed: 19.9570334
external_shares_outside_cohort_before_trade_raw: 84571393.837
external_coverage_raw_unrestricted_stock_multiple: 51.022728
outside_only_raw_quantity_feasible: はい
outside_only_genuinely_saleable_lockup_adjusted_feasibility: unverified
SIF_purchase_cash_paid_by_company_oku: 0.330792608
SIF_purchase_is_issuer_cancellation: いいえ
SIF_acquired_shares_assumed_delivered_to_employee_no_issuer_stock_change: はい
seller_policy_scenario_assumed: pro_rata
ordinary_issued_after_event: 1093546793.063
old_cohort_shares_after_event: 1007446062.853

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想定日: 2033-06-15
year: 6.60643394935
金額: 0
種類: sbc_existing_SIF_shares_delivery_non_cash
date_status: scenario_assumption
new_ordinary_shares: 0
trust_funding_not_proven: はい
ordinary_issued_after_event: 1093546793.063
old_cohort_shares_after_event: 1007446062.853

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想定日: 2033-08-01
year: 6.735112936345
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.358121534
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1093546793.063
old_cohort_shares_after_event: 1007446062.853

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想定日: 2033-08-19
year: 6.784394250513
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.358121534
record_date: 2033-08-22
payment_date: 2033-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1007446062.853
issued_shares_eligible_at_ex_date: 1093546793.063
ordinary_issued_after_event: 1093546793.063
old_cohort_shares_after_event: 1007446062.853

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想定日: 2033-08-22
year: 6.792607802875
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: interim
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1093546793.063
old_cohort_shares_after_event: 1007446062.853

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想定日: 2033-09-15
year: 6.858316221766
金額: 3.607881295
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2033-08-19
assumed_dps_eur: 0.358121534
company_dividend_cash_outflow_oku: 3.91622655
old_holder_remaining_shares_today: 1007446062.853
ordinary_issued_after_event: 1093546793.063
old_cohort_shares_after_event: 1007446062.853

内容を開く

想定日: 2033-10-14
year: 6.937713894593
金額: 0.80674344
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.87569125
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 20.2849335
company_cash_paid_oku: 0.87569125
issuer_shares_cancelled: 4316954.017
old_holder_shares_tendered: 3977057.365
old_holder_fraction_pre_buyback: 0.921264704212
ordinary_issued_after_event: 1089229839.046
old_cohort_shares_after_event: 1003469005.487

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想定日: 2034-03-09
year: 7.337440109514
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.340215458
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1089229839.046
old_cohort_shares_after_event: 1003469005.487

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想定日: 2034-05-12
year: 7.51266255989
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.340215458
record_date: 2034-05-15
payment_date: 2034-06-12
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1003469005.487
issued_shares_eligible_at_ex_date: 1089229839.046
ordinary_issued_after_event: 1089229839.046
old_cohort_shares_after_event: 1003469005.487

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想定日: 2034-05-15
year: 7.520876112252
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: final
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1089229839.046
old_cohort_shares_after_event: 1003469005.487

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想定日: 2034-06-12
year: 7.597535934292
金額: 3.413956673
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2034-05-12
assumed_dps_eur: 0.340215458
company_dividend_cash_outflow_oku: 3.705728286
old_holder_remaining_shares_today: 1003469005.487
ordinary_issued_after_event: 1089229839.046
old_cohort_shares_after_event: 1003469005.487

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想定日: 2034-06-14
year: 7.603011635866
金額: 0.315413719
種類: assumed_SIF_market_purchase_and_oldholder_sale
date_status: scenario_assumption
company_cash_purchase_cost_oku: 0.34237035
not_issuer_cancelled: はい
not_confirmed_by_CVC: はい
old_holder_shares_sold_to_funded_SIF: 1505254.032
SIF_share_purchase_quantity: 1633899.6
SIF_purchase_execution_price_eur_assumed: 20.9541853
external_shares_outside_cohort_before_trade_raw: 85760833.559
external_coverage_raw_unrestricted_stock_multiple: 52.488435
outside_only_raw_quantity_feasible: はい
outside_only_genuinely_saleable_lockup_adjusted_feasibility: unverified
SIF_purchase_cash_paid_by_company_oku: 0.34237035
SIF_purchase_is_issuer_cancellation: いいえ
SIF_acquired_shares_assumed_delivered_to_employee_no_issuer_stock_change: はい
seller_policy_scenario_assumed: pro_rata
ordinary_issued_after_event: 1089229839.046
old_cohort_shares_after_event: 1001963751.456

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想定日: 2034-06-15
year: 7.605749486653
金額: 0
種類: sbc_existing_SIF_shares_delivery_non_cash
date_status: scenario_assumption
new_ordinary_shares: 0
trust_funding_not_proven: はい
ordinary_issued_after_event: 1089229839.046
old_cohort_shares_after_event: 1001963751.456

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想定日: 2034-07-31
year: 7.731690622861
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.374237003
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1089229839.046
old_cohort_shares_after_event: 1001963751.456

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想定日: 2034-08-18
year: 7.780971937029
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.374237003
record_date: 2034-08-21
payment_date: 2034-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1001963751.456
issued_shares_eligible_at_ex_date: 1089229839.046
ordinary_issued_after_event: 1089229839.046
old_cohort_shares_after_event: 1001963751.456

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想定日: 2034-08-21
year: 7.789185489391
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: interim
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1089229839.046
old_cohort_shares_after_event: 1001963751.456

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想定日: 2034-09-15
year: 7.857631759069
金額: 3.749719115
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2034-08-18
assumed_dps_eur: 0.374237003
company_dividend_cash_outflow_oku: 4.076301105
old_holder_remaining_shares_today: 1001963751.456
ordinary_issued_after_event: 1089229839.046
old_cohort_shares_after_event: 1001963751.456

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想定日: 2034-10-13
year: 7.934291581109
金額: 0.817616284
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.888826619
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 21.295624
company_cash_paid_oku: 0.888826619
issuer_shares_cancelled: 4173752.406
old_holder_shares_tendered: 3839362.886
old_holder_fraction_pre_buyback: 0.919882760771
ordinary_issued_after_event: 1085056086.64
old_cohort_shares_after_event: 998124388.57

100

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想定日: 2035-03-09
year: 8.336755646817
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.355525153
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1085056086.64
old_cohort_shares_after_event: 998124388.57

101

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想定日: 2035-05-14
year: 8.517453798768
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.355525153
record_date: 2035-05-15
payment_date: 2035-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 998124388.57
issued_shares_eligible_at_ex_date: 1085056086.64
ordinary_issued_after_event: 1085056086.64
old_cohort_shares_after_event: 998124388.57

102

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想定日: 2035-05-15
year: 8.520191649555
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: final
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1085056086.64
old_cohort_shares_after_event: 998124388.57

103

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想定日: 2035-06-11
year: 8.594113620808
金額: 3.54858326
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2035-05-14
assumed_dps_eur: 0.355525153
company_dividend_cash_outflow_oku: 3.857647312
old_holder_remaining_shares_today: 998124388.57
ordinary_issued_after_event: 1085056086.64
old_cohort_shares_after_event: 998124388.57

104

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想定日: 2035-06-14
year: 8.602327173169
金額: 0.325963503
種類: assumed_SIF_market_purchase_and_oldholder_sale
date_status: scenario_assumption
company_cash_purchase_cost_oku: 0.354353312
not_issuer_cancelled: はい
not_confirmed_by_CVC: はい
old_holder_shares_sold_to_funded_SIF: 1481574.178
SIF_share_purchase_quantity: 1610611.962
SIF_purchase_execution_price_eur_assumed: 22.0011598
external_shares_outside_cohort_before_trade_raw: 86931698.07
external_coverage_raw_unrestricted_stock_multiple: 53.974328
outside_only_raw_quantity_feasible: はい
outside_only_genuinely_saleable_lockup_adjusted_feasibility: unverified
SIF_purchase_cash_paid_by_company_oku: 0.354353312
SIF_purchase_is_issuer_cancellation: いいえ
SIF_acquired_shares_assumed_delivered_to_employee_no_issuer_stock_change: はい
seller_policy_scenario_assumed: pro_rata
ordinary_issued_after_event: 1085056086.64
old_cohort_shares_after_event: 996642814.392

105

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想定日: 2035-06-15
year: 8.605065023956
金額: 0
種類: sbc_existing_SIF_shares_delivery_non_cash
date_status: scenario_assumption
new_ordinary_shares: 0
trust_funding_not_proven: はい
ordinary_issued_after_event: 1085056086.64
old_cohort_shares_after_event: 996642814.392

106

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想定日: 2035-07-30
year: 8.728268309377
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.391077669
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1085056086.64
old_cohort_shares_after_event: 996642814.392

107

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想定日: 2035-08-20
year: 8.785763175907
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.391077669
record_date: 2035-08-21
payment_date: 2035-09-17
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 996642814.392
issued_shares_eligible_at_ex_date: 1085056086.64
ordinary_issued_after_event: 1085056086.64
old_cohort_shares_after_event: 996642814.392

108

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想定日: 2035-08-21
year: 8.788501026694
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: interim
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1085056086.64
old_cohort_shares_after_event: 996642814.392

109

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想定日: 2035-09-17
year: 8.862422997947
金額: 3.897647487
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2035-08-20
assumed_dps_eur: 0.391077669
company_dividend_cash_outflow_oku: 4.243412051
old_holder_remaining_shares_today: 996642814.392
ordinary_issued_after_event: 1085056086.64
old_cohort_shares_after_event: 996642814.392

110

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想定日: 2035-10-15
year: 8.939082819986
金額: 0.828648688
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.902159018
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 22.3656329
company_cash_paid_oku: 0.902159018
issuer_shares_cancelled: 4033684.279
old_holder_shares_tendered: 3705008.894
old_holder_fraction_pre_buyback: 0.918517325199
ordinary_issued_after_event: 1081022402.361
old_cohort_shares_after_event: 992937805.498

111

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想定日: 2036-03-10
year: 9.341546885695
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.371523785
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1081022402.361
old_cohort_shares_after_event: 992937805.498

112

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想定日: 2036-05-14
year: 9.519507186858
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.371523785
record_date: 2036-05-15
payment_date: 2036-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 992937805.498
issued_shares_eligible_at_ex_date: 1081022402.361
ordinary_issued_after_event: 1081022402.361
old_cohort_shares_after_event: 992937805.498

113

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想定日: 2036-05-15
year: 9.522245037645
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: final
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1081022402.361
old_cohort_shares_after_event: 992937805.498

114

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想定日: 2036-06-11
year: 9.596167008898
金額: 3.689000118
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2036-05-14
assumed_dps_eur: 0.371523785
company_dividend_cash_outflow_oku: 4.016255346
old_holder_remaining_shares_today: 992937805.498
ordinary_issued_after_event: 1081022402.361
old_cohort_shares_after_event: 992937805.498

115

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想定日: 2036-06-13
year: 9.601642710472
金額: 0
種類: sbc_existing_SIF_shares_delivery_non_cash
date_status: scenario_assumption
new_ordinary_shares: 0
trust_funding_not_proven: はい
ordinary_issued_after_event: 1081022402.361
old_cohort_shares_after_event: 992937805.498

116

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想定日: 2036-06-13
year: 9.601642710472
金額: 0.286248686
種類: assumed_SIF_market_purchase_and_oldholder_sale
date_status: scenario_assumption
company_cash_purchase_cost_oku: 0.31164212
not_issuer_cancelled: はい
not_confirmed_by_CVC: はい
old_holder_shares_sold_to_funded_SIF: 1239147.858
SIF_share_purchase_quantity: 1349074.018
SIF_purchase_execution_price_eur_assumed: 23.1004464
external_shares_outside_cohort_before_trade_raw: 88084596.864
external_coverage_raw_unrestricted_stock_multiple: 65.292635
outside_only_raw_quantity_feasible: はい
outside_only_genuinely_saleable_lockup_adjusted_feasibility: unverified
SIF_purchase_cash_paid_by_company_oku: 0.31164212
SIF_purchase_is_issuer_cancellation: いいえ
SIF_acquired_shares_assumed_delivered_to_employee_no_issuer_stock_change: はい
seller_policy_scenario_assumed: pro_rata
ordinary_issued_after_event: 1081022402.361
old_cohort_shares_after_event: 991698657.639

117

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想定日: 2036-07-30
year: 9.730321697467
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.408676164
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1081022402.361
old_cohort_shares_after_event: 991698657.639

118

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想定日: 2036-08-20
year: 9.787816563997
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.408676164
record_date: 2036-08-21
payment_date: 2036-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 991698657.639
issued_shares_eligible_at_ex_date: 1081022402.361
ordinary_issued_after_event: 1081022402.361
old_cohort_shares_after_event: 991698657.639

119

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想定日: 2036-08-21
year: 9.790554414784
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: interim
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1081022402.361
old_cohort_shares_after_event: 991698657.639

120

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想定日: 2036-09-15
year: 9.859000684463
金額: 4.052836032
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2036-08-20
assumed_dps_eur: 0.408676164
company_dividend_cash_outflow_oku: 4.417880886
old_holder_remaining_shares_today: 991698657.639
ordinary_issued_after_event: 1081022402.361
old_cohort_shares_after_event: 991698657.639

121

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想定日: 2036-10-15
year: 9.941136208077
金額: 0.840028785
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.915691403
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 23.4862674
company_cash_paid_oku: 0.915691403
issuer_shares_cancelled: 3898837.51
old_holder_shares_tendered: 3576680.665
old_holder_fraction_pre_buyback: 0.917371051213
ordinary_issued_after_event: 1077123564.852
old_cohort_shares_after_event: 988121976.975

その他の数値・前提

scenario

base

label_jp

中立

assumptions

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growth

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1: 0.035
2: 0.21
3: 0.075
4: 0.049

take

0.0092

margins

1: 0.515
2: 0.56
3: 0.57

carry

invest_return

0.08

partner_comp

0.58

carry_cash

0.88

dividend_growth

0.045

div_mult

buybacks

1: 0.6
2: 0.75
3: 0.85

mincash

buy_price_growth

0.05

maint

0.25

gp_net

0.37

terminal_g

0.023

terminal_carry_g

0.018

gp_nav_haircut

0.85

carry_recv_haircut

0.7

marathon_units

40000000

earnout_units

5000000

earnout_cash

0.85

Marathon_initial_subco_34m_reference_component_subject_to_closing_adjustments_not_guaranteed_floor

34000000

Marathon_initial_subco_FY2027_performance_adjustable_additional_assumed_ordinary_equiv

6000000

Marathon_initial_subco_contract_max_units

45000000

Marathon_additional_earnout_contract_max_units

11000000

Marathon_ordinary_share_exchange_dates_are_unannounced_scenario_assumptions

はい

期間内の親会社利益合計（億）

116.212650055

期間内株主受取

75.744170038

終価

179.173908817

net_sum

116.212650055

payout

75.744170038

mcap

179.173908817

annual_ledger

内容を開く

period_id

2026_postcutoff_55days

fiscal_year

2026

period_start

2026-11-07

期間末

2026-12-31

opening_balance_date

2026-11-06

period_days

full_year_day_denominator

365

fraction_of_fiscal_year

0.150684931507

data_status

scenario_forecast_partial_period

business_driver

内容を開く

fpaum_opening_billion_eur: 176.6
fpaum_closing_billion_eur: 176.6
effective_management_fee_rate_assumed: 0.00915
annualized_fee_related_revenue_oku: 15.6
annualized_gross_carry_oku: 3.5
annualized_gross_investment_income_oku: 1.46
fee_operating_margin_before_sbc_assumed: 0.565

income_oku

内容を開く

management_fees_and_fee_related_performance_revenue: 2.350684932
gross_carried_interest_performance_revenue: 0.52739726
investment_income_including_fund_nci: 0.22
other_operating_income: 0.004520548
ifrs_total_revenue: 3.10260274
fee_related_cash_operating_cost_excluding_sbc: 1.022547945
performance_linked_personnel_cost: 0.305890411
sbc_expense_left_in_ifrs_profit: 0.039178082
earnings_before_depreciation_finance_and_tax: 1.734986301
depreciation_and_amortization: 0.268219178
ifrs_operating_profit: 1.466767123
net_finance_expense: 0.069315068
ifrs_profit_before_tax: 1.397452055
cash_and_deferred_tax_expense_assumption: 0.25154137
ifrs_consolidated_profit: 1.145910685
nci_profit_fund_investments: 0.0968
nci_profit_dif_remaining_interest: 0.013561644
nci_profit_marathon_subco: 0.051232877
ifrs_noncontrolling_profit_total: 0.161594521
ifrs_parent_attributable_profit_after_sbc: 0.984316164
ifrs_parent_profit_annualized_for_comparison: 6.53228

owner_cash_bridge_oku

内容を開く

consolidated_ifrs_profit_after_tax: 1.145910685
noncash_sbc_addback_to_company_cash_only: 0.039178082
noncash_DA_addback_to_company_cash: 0.268219178
unrealized_investment_gains_removed_from_cash: 0.22
carry_income_recognized_in_ifrs: 0.52739726
assumed_carry_cash_collected: 0.464109589
carry_current_year_accrual_cash_collected_only: 0.464109589
carry_prior_year_vintage_cash_collected_assumed: 0
carry_additional_company_partner_bonus_assumed_cash_paid_on_accrual: 0.305890411
carry_tax_component_assumed_paid_on_accrual: 0.039871233
total_income_tax_expense_assumed_paid_as_cash_in_period: 0.25154137
carry_receivable_book_is_company_IFRS_entitlement_not_external_employee_carry: はい
carry_receivable_growth_deducted: 0.063287671
maintenance_cash_capex: 0.036164384
gp_commitment_net_cash_deployment: 0.048219178
consolidated_cash_available_before_distributions_debt: 1.085636712
not_pretended_to_be_ifrs_reported_cash_flow: はい

company_cash_oku

内容を開く

begin: 6.15
owner_free_cash_before_holder_and_nci_distributions: 1.085636712
parent_dividend_cash_outflow: 0
issuer_share_repurchase_cash_outflow: 0
noncontrolling_distributions: 0.035636986
noncontrolling_fund_contributions: 0.015068493
marathon_earnout_cash_to_sellers: 0
company_funded_SIF_replenishment_total_company_outflow: 0
restricted_noncontrolling_cash_begin: 0
restricted_noncontrolling_cash_end: 0.036993151
available_parent_cash_end: 7.178075068
debt_cash_repayment: 0
new_debt_cash_drawing: 0
end: 7.215068219

financial_debt_oku

内容を開く

begin: 22.33
debt_drawn_cash: 0
cash_repayment: 0
end: 22.33
net_debt_end: 15.114931781

assets_and_nci_oku

内容を開く

owner_gp_investment_nav_begin: 10.47
owner_gp_investment_NAV_end: 10.634186301
owner_share_investment_fv_gain: 0.1232
owner_share_gp_new_investment_cash: 0.040986301
nci_owned_investment_NAV_begin: 7.78
nci_owned_investment_NAV_end: 7.884032877
nci_share_investment_fv_gain: 0.0968
nci_share_gp_new_investment_cash: 0.007232877
accrued_carry_receivable_begin: 2.4
accrued_carry_receivable_end: 2.463287671
dif_forward_liability_begin: 4.2
dif_forward_liability_non_cash_settlement: 0
dif_forward_liability_end: 4.2
other_net_assets_minus_other_net_liabilities_proxy_end: 28.167945205

親会社持分（億）

内容を開く

begin: 16
parent_ifrs_net_profit: 0.984316164
equity_settled_SBC_credit_noncash: 0.039178082
cash_dividends_declared_and_assumed_paid: 0
company_cash_buybacks: 0
reclassification_from_acquired_nci: 0
dif_forward_liability_settled_into_equity_noncash: 0
earnout_new_share_equity_credit_with_goodwill_noncash: 0
company_cash_funded_SIF_market_purchase_equity_deduction: 0
end: 17.023494247

noncontrolling_equity_oku

内容を開く

begin: 12.67
noncontrolling_net_profit: 0.161594521
distributions_paid: 0.035636986
capital_contributions: 0.015068493
converted_into_parent_equity_noncash: 0
end: 12.811026027

株数

内容を開く

issued_and_outstanding_begin: 1042567473
new_ordinary_shares_for_dif_marathon: 0
issuer_bought_and_cancelled: 0
issued_and_outstanding_end: 1042567473
employee_SIF_old_shares_delivered_existing_no_new_issuance_shares: 0
employee_share_issuance_shares: 0
old_holder_cohort_shares_begin: 1042567473
old_holder_cohort_shares_pro_rata_tendered: 0
old_holder_cohort_shares_sold_to_company_funded_SIF: 0
old_holder_cohort_shares_end: 1042567473
old_holder_fraction_end: 1

holder_annual_cash_oku

内容を開く

dividends_to_original_shareholder_cohort: 0
pro_rata_tender_cash_to_original_shareholder_cohort: 0
company_funded_SIF_market_purchase_cash_to_original_shareholder_cohort: 0
total_cash_to_original_shareholder_cohort: 0

company_dividend_buyback_comparison

内容を開く

company_dividends_oku: 0
company_buybacks_oku: 0
sbc_non_cash_event_amount: 0
SIF_company_cash_market_purchase_distinct_from_issuer_repurchase: 0

SIF_seller_liquidity_ledger

内容を開く

company_funded_SIF_purchase_oku: 0
old_cohort_seller_policy: pro_rata
actual_external_unlocked_tradable_shares_known: いいえ
externally_sellable_shares_primary_source_verified: 未確認
outside_pool_cumulative_sale_capacity_without_lockup_unverified: はい
Marathon_exchange_shares_subject_to_contractual_lockup: はい

carry_recognized_cash_and_tax_timing_oku

内容を開く

carry_receivable_begin: 2.4
IFRS_company_carry_recognized: 0.52739726
same_vintage_cash_collected: 0.464109589
prior_vintage_collection_modeled: 0
carry_receivable_end: 2.463287671
company_internal_partner_bonus_recognized_and_assumed_cash_paid: 0.305890411
corporate_tax_on_carry_after_bonus_recognized_and_assumed_cash_paid: 0.039871233
other_corporate_income_tax_assumed_cash_paid: 0.211670137
total_company_tax_model_assumed_cash_paid: 0.25154137
partner_compensation_timing_reported_or_assumed: assumed cash paid in accrual period; not proven from issuer financials
tax_cash_settlement_reported_or_assumed: assumed cash paid in accrual period; issuer deferred/current split unverified

year_scheduled_events

内容を開く

想定日: 2026-11-24
year: 0.049281314168
金額: 0
種類: possible_private_equity_deep_dive_recheck
date_status: scenario_assumption
出典: company_reports_calendar_needs_refresh
ordinary_issued_after_event: 1042567473
old_cohort_shares_after_event: 1042567473

内容を開く

想定日: 2026-12-15
year: 0.106776180698
金額: 0
種類: sbc_existing_share_delivery_recheck
date_status: scenario_assumption
new_ordinary_shares: 0
employee_SIF_financing_unverified: はい
ordinary_issued_after_event: 1042567473
old_cohort_shares_after_event: 1042567473

annual_full_year_terminal_runrate

内容を開く

fee_revenue_oku: 15.6
fpaum_end_billion_eur: 176.6
fee_margin_excluding_SBC: 0.565
gross_carry_oku: 3.5
gross_investment_income_oku: 1.46
sbc_annual_oku: 0.26
DA_full_year_oku: 1.78
maintenance_capex_full_year_oku: 0.24
GP_commitment_net_investment_full_year_oku: 0.32

audit_residuals

内容を開く

income_statement: 0
parent_equity: 0
nci_equity: 0
gross_debt: 0
restricted_NCI_cash: 0
cash: 0
発行済株式数: 0
old_holder_shares: 0
holder_cash: 0
GP_owner_NAV: 0
carry_receivable: 0
total_balance_proxy: 0

内容を開く

period_id

fy_2027

fiscal_year

2027

period_start

2027-01-01

期間末

2027-12-31

opening_balance_date

2026-12-31

period_days

365

full_year_day_denominator

365

fraction_of_fiscal_year

data_status

scenario_forecast_full_year

business_driver

内容を開く

fpaum_opening_billion_eur: 176.6
fpaum_closing_billion_eur: 182.781
effective_management_fee_rate_assumed: 0.0092
annualized_fee_related_revenue_oku: 16.531526
annualized_gross_carry_oku: 6.4
annualized_gross_investment_income_oku: 1.481457534
fee_operating_margin_before_sbc_assumed: 0.515

income_oku

内容を開く

management_fees_and_fee_related_performance_revenue: 16.531526
gross_carried_interest_performance_revenue: 6.4
investment_income_including_fund_nci: 1.481457534
other_operating_income: 0.03
ifrs_total_revenue: 24.442983534
fee_related_cash_operating_cost_excluding_sbc: 8.01779011
performance_linked_personnel_cost: 3.712
sbc_expense_left_in_ifrs_profit: 0.2691
earnings_before_depreciation_finance_and_tax: 12.444093424
depreciation_and_amortization: 1.75
ifrs_operating_profit: 10.694093424
net_finance_expense: 0.627979181
ifrs_profit_before_tax: 10.066114243
cash_and_deferred_tax_expense_assumption: 2.013222849
ifrs_consolidated_profit: 8.052891394
nci_profit_fund_investments: 0.651841315
nci_profit_dif_remaining_interest: 0.055
nci_profit_marathon_subco: 0.34
ifrs_noncontrolling_profit_total: 1.046841315
ifrs_parent_attributable_profit_after_sbc: 7.006050079
ifrs_parent_profit_annualized_for_comparison: 7.006050079

owner_cash_bridge_oku

内容を開く

consolidated_ifrs_profit_after_tax: 8.052891394
noncash_sbc_addback_to_company_cash_only: 0.2691
noncash_DA_addback_to_company_cash: 1.75
unrealized_investment_gains_removed_from_cash: 1.481457534
carry_income_recognized_in_ifrs: 6.4
assumed_carry_cash_collected: 5.632
carry_current_year_accrual_cash_collected_only: 5.632
carry_prior_year_vintage_cash_collected_assumed: 0
carry_additional_company_partner_bonus_assumed_cash_paid_on_accrual: 3.712
carry_tax_component_assumed_paid_on_accrual: 0.5376
total_income_tax_expense_assumed_paid_as_cash_in_period: 2.013222849
carry_receivable_book_is_company_IFRS_entitlement_not_external_employee_carry: はい
carry_receivable_growth_deducted: 0.768
maintenance_cash_capex: 0.25
gp_commitment_net_cash_deployment: 0.37
consolidated_cash_available_before_distributions_debt: 7.20253386
not_pretended_to_be_ifrs_reported_cash_flow: はい

company_cash_oku

内容を開く

begin: 7.215068219
owner_free_cash_before_holder_and_nci_distributions: 7.20253386
parent_dividend_cash_outflow: 5.49763521
issuer_share_repurchase_cash_outflow: 0.6
noncontrolling_distributions: 0.21725
noncontrolling_fund_contributions: 0.1
marathon_earnout_cash_to_sellers: 0
company_funded_SIF_replenishment_total_company_outflow: 0
restricted_noncontrolling_cash_begin: 0.036993151
restricted_noncontrolling_cash_end: 0.259243151
available_parent_cash_end: 7.593473719
debt_cash_repayment: 0.35
new_debt_cash_drawing: 0
end: 7.85271687

financial_debt_oku

内容を開く

begin: 22.33
debt_drawn_cash: 0
cash_repayment: 0.35
end: 21.98
net_debt_end: 14.12728313

assets_and_nci_oku

内容を開く

owner_gp_investment_nav_begin: 10.634186301
owner_gp_investment_NAV_end: 11.778302521
owner_share_investment_fv_gain: 0.829616219
owner_share_gp_new_investment_cash: 0.3145
nci_owned_investment_NAV_begin: 7.884032877
nci_owned_investment_NAV_end: 8.591374192
nci_share_investment_fv_gain: 0.651841315
nci_share_gp_new_investment_cash: 0.0555
accrued_carry_receivable_begin: 2.463287671
accrued_carry_receivable_end: 3.231287671
dif_forward_liability_begin: 4.2
dif_forward_liability_non_cash_settlement: 2.1
dif_forward_liability_end: 2.1
other_net_assets_minus_other_net_liabilities_proxy_end: 26.667945205

親会社持分（億）

内容を開く

begin: 17.023494247
parent_ifrs_net_profit: 7.006050079
equity_settled_SBC_credit_noncash: 0.2691
cash_dividends_declared_and_assumed_paid: 5.49763521
company_cash_buybacks: 0.6
reclassification_from_acquired_nci: 0.895
dif_forward_liability_settled_into_equity_noncash: 2.1
earnout_new_share_equity_credit_with_goodwill_noncash: 0
company_cash_funded_SIF_market_purchase_equity_deduction: 0
end: 21.196009116

noncontrolling_equity_oku

内容を開く

begin: 12.811026027
noncontrolling_net_profit: 1.046841315
distributions_paid: 0.21725
capital_contributions: 0.1
converted_into_parent_equity_noncash: 0.895
end: 12.845617342

株数

内容を開く

issued_and_outstanding_begin: 1042567473
new_ordinary_shares_for_dif_marathon: 16522500
issuer_bought_and_cancelled: 4053504.487
issued_and_outstanding_end: 1055036468.513
employee_SIF_old_shares_delivered_existing_no_new_issuance_shares: 0
employee_share_issuance_shares: 0
old_holder_cohort_shares_begin: 1042567473
old_holder_cohort_shares_pro_rata_tendered: 4053504.487
old_holder_cohort_shares_sold_to_company_funded_SIF: 0
old_holder_cohort_shares_end: 1038513968.513
old_holder_fraction_end: 0.984339403904

holder_annual_cash_oku

内容を開く

dividends_to_original_shareholder_cohort: 5.452198334
pro_rata_tender_cash_to_original_shareholder_cohort: 0.6
company_funded_SIF_market_purchase_cash_to_original_shareholder_cohort: 0
total_cash_to_original_shareholder_cohort: 6.052198334

company_dividend_buyback_comparison

内容を開く

company_dividends_oku: 5.49763521
company_buybacks_oku: 0.6
sbc_non_cash_event_amount: 0
SIF_company_cash_market_purchase_distinct_from_issuer_repurchase: 0

SIF_seller_liquidity_ledger

内容を開く

company_funded_SIF_purchase_oku: 0
old_cohort_seller_policy: pro_rata
actual_external_unlocked_tradable_shares_known: いいえ
externally_sellable_shares_primary_source_verified: 未確認
outside_pool_cumulative_sale_capacity_without_lockup_unverified: はい
Marathon_exchange_shares_subject_to_contractual_lockup: はい

carry_recognized_cash_and_tax_timing_oku

内容を開く

carry_receivable_begin: 2.463287671
IFRS_company_carry_recognized: 6.4
same_vintage_cash_collected: 5.632
prior_vintage_collection_modeled: 0
carry_receivable_end: 3.231287671
company_internal_partner_bonus_recognized_and_assumed_cash_paid: 3.712
corporate_tax_on_carry_after_bonus_recognized_and_assumed_cash_paid: 0.5376
other_corporate_income_tax_assumed_cash_paid: 1.475622849
total_company_tax_model_assumed_cash_paid: 2.013222849
partner_compensation_timing_reported_or_assumed: assumed cash paid in accrual period; not proven from issuer financials
tax_cash_settlement_reported_or_assumed: assumed cash paid in accrual period; issuer deferred/current split unverified

year_scheduled_events

内容を開く

想定日: 2027-01-15
year: 0.191649555099
金額: 0
種類: fund_x_formal_launch_date_proxy
date_status: scenario_assumption
出典: Q3_2026_issuer_activity_month_only
ordinary_issued_after_event: 1042567473
old_cohort_shares_after_event: 1042567473

内容を開く

想定日: 2027-01-28
year: 0.227241615332
金額: 0
種類: scheduled_2026_activity_publication
date_status: company_announced_schedule
出典: company_calendar_or_assumed_month
ordinary_issued_after_event: 1042567473
old_cohort_shares_after_event: 1042567473

内容を開く

想定日: 2027-03-09
year: 0.336755646817
金額: 0
種類: scheduled_2026_financial_results
date_status: company_announced_schedule
出典: company_calendar_or_assumed_month
ordinary_issued_after_event: 1042567473
old_cohort_shares_after_event: 1042567473

内容を開く

想定日: 2027-03-09
year: 0.336755646817
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.25
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1042567473
old_cohort_shares_after_event: 1042567473

内容を開く

想定日: 2027-04-29
year: 0.476386036961
金額: 0
種類: scheduled_Q1_activity
date_status: company_announced_schedule
出典: company_calendar_or_assumed_month
ordinary_issued_after_event: 1042567473
old_cohort_shares_after_event: 1042567473

内容を開く

想定日: 2027-04-30
year: 0.479123887748
金額: 0.6
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.6
buyback_class: within_350m_old_2026_program_assumed
buyback_execution_price_eur_assumed: 14.8020066
company_cash_paid_oku: 0.6
issuer_shares_cancelled: 4053504.487
old_holder_shares_tendered: 4053504.487
old_holder_fraction_pre_buyback: 1
ordinary_issued_after_event: 1038513968.513
old_cohort_shares_after_event: 1038513968.513

内容を開く

想定日: 2027-05-12
year: 0.511978097194
金額: 0
種類: share_buyback_program_2026_end_by_date
date_status: scenario_assumption
出典: FY2025_issuer_release
ordinary_issued_after_event: 1038513968.513
old_cohort_shares_after_event: 1038513968.513

内容を開く

想定日: 2027-05-14
year: 0.517453798768
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.25
record_date: 2027-05-17
payment_date: 2027-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1038513968.513
issued_shares_eligible_at_ex_date: 1038513968.513
ordinary_issued_after_event: 1038513968.513
old_cohort_shares_after_event: 1038513968.513

内容を開く

想定日: 2027-05-17
year: 0.525667351129
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: final
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1038513968.513
old_cohort_shares_after_event: 1038513968.513

内容を開く

想定日: 2027-06-11
year: 0.594113620808
金額: 2.596284921
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2027-05-14
assumed_dps_eur: 0.25
company_dividend_cash_outflow_oku: 2.596284921
old_holder_remaining_shares_today: 1038513968.513
ordinary_issued_after_event: 1038513968.513
old_cohort_shares_after_event: 1038513968.513

内容を開く

想定日: 2027-06-15
year: 0.605065023956
金額: 0
種類: sbc_existing_SIF_shares_delivery_non_cash
date_status: scenario_assumption
new_ordinary_shares: 0
trust_funding_not_proven: はい
ordinary_issued_after_event: 1038513968.513
old_cohort_shares_after_event: 1038513968.513

内容を開く

想定日: 2027-07-01
year: 0.64887063655
金額: 0
種類: dif_39_percent_part_1_share_settlement_non_cash
date_status: scenario_assumption
new_ordinary_shares: 16522500
forward_liability_settlement_oku: 2.1
nci_equity_reclass_oku: 0.895
old_holder_fraction_after_share_settlement: 0.984339403904
ordinary_issued_after_event: 1055036468.513
old_cohort_shares_after_event: 1038513968.513

内容を開く

想定日: 2027-07-30
year: 0.728268309377
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.275
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1055036468.513
old_cohort_shares_after_event: 1038513968.513

内容を開く

想定日: 2027-08-20
year: 0.785763175907
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.275
record_date: 2027-08-23
payment_date: 2027-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1038513968.513
issued_shares_eligible_at_ex_date: 1055036468.513
ordinary_issued_after_event: 1055036468.513
old_cohort_shares_after_event: 1038513968.513

内容を開く

想定日: 2027-08-23
year: 0.793976728268
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: interim
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1055036468.513
old_cohort_shares_after_event: 1038513968.513

内容を開く

想定日: 2027-09-15
year: 0.856947296372
金額: 2.855913413
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2027-08-20
assumed_dps_eur: 0.275
company_dividend_cash_outflow_oku: 2.901350288
old_holder_remaining_shares_today: 1038513968.513
ordinary_issued_after_event: 1055036468.513
old_cohort_shares_after_event: 1038513968.513

annual_full_year_terminal_runrate

内容を開く

fee_revenue_oku: 16.531526
fpaum_end_billion_eur: 182.781
fee_margin_excluding_SBC: 0.515
gross_carry_oku: 6.4
gross_investment_income_oku: 1.481457534
sbc_annual_oku: 0.2691
DA_full_year_oku: 1.75
maintenance_capex_full_year_oku: 0.25
GP_commitment_net_investment_full_year_oku: 0.37

audit_residuals

内容を開く

income_statement: 0
parent_equity: 0
nci_equity: 0
gross_debt: 0
restricted_NCI_cash: 0
cash: 0
発行済株式数: 0
old_holder_shares: 0
holder_cash: -0
GP_owner_NAV: 0
carry_receivable: 0
total_balance_proxy: 0

内容を開く

period_id

fy_2028

fiscal_year

2028

period_start

2028-01-01

期間末

2028-12-31

opening_balance_date

2027-12-31

period_days

366

full_year_day_denominator

366

fraction_of_fiscal_year

data_status

scenario_forecast_full_year

business_driver

内容を開く

fpaum_opening_billion_eur: 182.781
fpaum_closing_billion_eur: 221.16501
effective_management_fee_rate_assumed: 0.0092
annualized_fee_related_revenue_oku: 18.58151646
annualized_gross_carry_oku: 11.8
annualized_gross_investment_income_oku: 1.629574137
fee_operating_margin_before_sbc_assumed: 0.56

income_oku

内容を開く

management_fees_and_fee_related_performance_revenue: 18.58151646
gross_carried_interest_performance_revenue: 11.8
investment_income_including_fund_nci: 1.629574137
other_operating_income: 0.03
ifrs_total_revenue: 32.041090597
fee_related_cash_operating_cost_excluding_sbc: 8.175867242
performance_linked_personnel_cost: 6.844
sbc_expense_left_in_ifrs_profit: 0.2785185
earnings_before_depreciation_finance_and_tax: 16.742704855
depreciation_and_amortization: 1.771
ifrs_operating_profit: 14.971704855
net_finance_expense: 0.609127398
ifrs_profit_before_tax: 14.362577457
cash_and_deferred_tax_expense_assumption: 2.872515491
ifrs_consolidated_profit: 11.490061966
nci_profit_fund_investments: 0.71701262
nci_profit_dif_remaining_interest: 0.045
nci_profit_marathon_subco: 0.17
ifrs_noncontrolling_profit_total: 0.93201262
ifrs_parent_attributable_profit_after_sbc: 10.558049345
ifrs_parent_profit_annualized_for_comparison: 10.558049345

owner_cash_bridge_oku

内容を開く

consolidated_ifrs_profit_after_tax: 11.490061966
noncash_sbc_addback_to_company_cash_only: 0.2785185
noncash_DA_addback_to_company_cash: 1.771
unrealized_investment_gains_removed_from_cash: 1.629574137
carry_income_recognized_in_ifrs: 11.8
assumed_carry_cash_collected: 10.384
carry_current_year_accrual_cash_collected_only: 10.384
carry_prior_year_vintage_cash_collected_assumed: 0
carry_additional_company_partner_bonus_assumed_cash_paid_on_accrual: 6.844
carry_tax_component_assumed_paid_on_accrual: 0.9912
total_income_tax_expense_assumed_paid_as_cash_in_period: 2.872515491
carry_receivable_book_is_company_IFRS_entitlement_not_external_employee_carry: はい
carry_receivable_growth_deducted: 1.416
maintenance_cash_capex: 0.25
gp_commitment_net_cash_deployment: 0.37
consolidated_cash_available_before_distributions_debt: 9.874006329
not_pretended_to_be_ifrs_reported_cash_flow: はい

company_cash_oku

内容を開く

begin: 7.85271687
owner_free_cash_before_holder_and_nci_distributions: 9.874006329
parent_dividend_cash_outflow: 5.903143825
issuer_share_repurchase_cash_outflow: 0.75
noncontrolling_distributions: 0.11825
noncontrolling_fund_contributions: 0.1
marathon_earnout_cash_to_sellers: 0
company_funded_SIF_replenishment_total_company_outflow: 0.2785185
restricted_noncontrolling_cash_begin: 0.259243151
restricted_noncontrolling_cash_end: 0.400493151
available_parent_cash_end: 10.026317722
debt_cash_repayment: 0.35
new_debt_cash_drawing: 0
end: 10.426810873

financial_debt_oku

内容を開く

begin: 21.98
debt_drawn_cash: 0
cash_repayment: 0.35
end: 21.63
net_debt_end: 11.203189127

assets_and_nci_oku

内容を開く

owner_gp_investment_nav_begin: 11.778302521
owner_gp_investment_NAV_end: 13.005364037
owner_share_investment_fv_gain: 0.912561517
owner_share_gp_new_investment_cash: 0.3145
nci_owned_investment_NAV_begin: 8.591374192
nci_owned_investment_NAV_end: 9.363886812
nci_share_investment_fv_gain: 0.71701262
nci_share_gp_new_investment_cash: 0.0555
accrued_carry_receivable_begin: 3.231287671
accrued_carry_receivable_end: 4.647287671
dif_forward_liability_begin: 2.1
dif_forward_liability_non_cash_settlement: 0
dif_forward_liability_end: 2.1
other_net_assets_minus_other_net_liabilities_proxy_end: 25.146945205

親会社持分（億）

内容を開く

begin: 21.196009116
parent_ifrs_net_profit: 10.558049345
equity_settled_SBC_credit_noncash: 0.2785185
cash_dividends_declared_and_assumed_paid: 5.903143825
company_cash_buybacks: 0.75
reclassification_from_acquired_nci: 6
dif_forward_liability_settled_into_equity_noncash: 0
earnout_new_share_equity_credit_with_goodwill_noncash: 0
company_cash_funded_SIF_market_purchase_equity_deduction: 0.2785185
end: 31.100914636

noncontrolling_equity_oku

内容を開く

begin: 12.845617342
noncontrolling_net_profit: 0.93201262
distributions_paid: 0.11825
capital_contributions: 0.1
converted_into_parent_equity_noncash: 6
end: 7.759379963

株数

内容を開く

issued_and_outstanding_begin: 1055036468.513
new_ordinary_shares_for_dif_marathon: 40000000
issuer_bought_and_cancelled: 4719301.035
issued_and_outstanding_end: 1090317167.478
employee_SIF_old_shares_delivered_existing_no_new_issuance_shares: 0
employee_share_issuance_shares: 0
old_holder_cohort_shares_begin: 1038513968.513
old_holder_cohort_shares_pro_rata_tendered: 4468149.001
old_holder_cohort_shares_sold_to_company_funded_SIF: 1753213.983
old_holder_cohort_shares_end: 1032292605.53
old_holder_fraction_end: 0.946781942284

holder_annual_cash_oku

内容を開く

dividends_to_original_shareholder_cohort: 5.692508961
pro_rata_tender_cash_to_original_shareholder_cohort: 0.710086457
company_funded_SIF_market_purchase_cash_to_original_shareholder_cohort: 0.274156734
total_cash_to_original_shareholder_cohort: 6.676752152

company_dividend_buyback_comparison

内容を開く

company_dividends_oku: 5.903143825
company_buybacks_oku: 0.75
sbc_non_cash_event_amount: 0
SIF_company_cash_market_purchase_distinct_from_issuer_repurchase: 0.2785185

SIF_seller_liquidity_ledger

内容を開く

company_funded_SIF_purchase_oku: 0.2785185
old_cohort_seller_policy: pro_rata
actual_external_unlocked_tradable_shares_known: いいえ
externally_sellable_shares_primary_source_verified: 未確認
outside_pool_cumulative_sale_capacity_without_lockup_unverified: はい
Marathon_exchange_shares_subject_to_contractual_lockup: はい
日付: 2028-06-14
purchase_price_eur_assumed: 15.6373801
required_shares: 1781107.183
outsider_shares_raw_before_event: 16522500
raw_coverage_ratio: 9.2765332
outsider_only_raw_stock_feasible: はい
outsider_only_verified_saleable_stock_feasible: 未確認
outsider_only_verified_feasibility_reason: no primary source verifies freely sellable Marathon/DIF exchange shares in this period
oldholder_shares_sold_baseline: 1753213.983
oldholder_cash_inflow_oku: 0.274156734
oldholder_fraction_pre_SIF: 0.984339403904

carry_recognized_cash_and_tax_timing_oku

内容を開く

carry_receivable_begin: 3.231287671
IFRS_company_carry_recognized: 11.8
same_vintage_cash_collected: 10.384
prior_vintage_collection_modeled: 0
carry_receivable_end: 4.647287671
company_internal_partner_bonus_recognized_and_assumed_cash_paid: 6.844
corporate_tax_on_carry_after_bonus_recognized_and_assumed_cash_paid: 0.9912
other_corporate_income_tax_assumed_cash_paid: 1.881315491
total_company_tax_model_assumed_cash_paid: 2.872515491
partner_compensation_timing_reported_or_assumed: assumed cash paid in accrual period; not proven from issuer financials
tax_cash_settlement_reported_or_assumed: assumed cash paid in accrual period; issuer deferred/current split unverified

year_scheduled_events

内容を開く

想定日: 2028-03-09
year: 1.338809034908
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.26125
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1055036468.513
old_cohort_shares_after_event: 1038513968.513

内容を開く

想定日: 2028-05-12
year: 1.514031485284
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.26125
record_date: 2028-05-15
payment_date: 2028-06-12
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1038513968.513
issued_shares_eligible_at_ex_date: 1055036468.513
ordinary_issued_after_event: 1055036468.513
old_cohort_shares_after_event: 1038513968.513

内容を開く

想定日: 2028-05-15
year: 1.522245037645
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: final
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1055036468.513
old_cohort_shares_after_event: 1038513968.513

内容を開く

想定日: 2028-06-12
year: 1.598904859685
金額: 2.713117743
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2028-05-12
assumed_dps_eur: 0.26125
company_dividend_cash_outflow_oku: 2.756282774
old_holder_remaining_shares_today: 1038513968.513
ordinary_issued_after_event: 1055036468.513
old_cohort_shares_after_event: 1038513968.513

内容を開く

想定日: 2028-06-14
year: 1.604380561259
金額: 0.274156734
種類: assumed_SIF_market_purchase_and_oldholder_sale
date_status: scenario_assumption
company_cash_purchase_cost_oku: 0.2785185
not_issuer_cancelled: はい
not_confirmed_by_CVC: はい
old_holder_shares_sold_to_funded_SIF: 1753213.983
SIF_share_purchase_quantity: 1781107.183
SIF_purchase_execution_price_eur_assumed: 15.6373801
external_shares_outside_cohort_before_trade_raw: 16522500
external_coverage_raw_unrestricted_stock_multiple: 9.276533
outside_only_raw_quantity_feasible: はい
outside_only_genuinely_saleable_lockup_adjusted_feasibility: unverified
SIF_purchase_cash_paid_by_company_oku: 0.2785185
SIF_purchase_is_issuer_cancellation: いいえ
SIF_acquired_shares_assumed_delivered_to_employee_no_issuer_stock_change: はい
seller_policy_scenario_assumed: pro_rata
ordinary_issued_after_event: 1055036468.513
old_cohort_shares_after_event: 1036760754.531

内容を開く

想定日: 2028-06-15
year: 1.607118412047
金額: 0
種類: sbc_existing_SIF_shares_delivery_non_cash
date_status: scenario_assumption
new_ordinary_shares: 0
trust_funding_not_proven: はい
ordinary_issued_after_event: 1055036468.513
old_cohort_shares_after_event: 1036760754.531

内容を開く

想定日: 2028-07-01
year: 1.650924024641
金額: 0
種類: marathon_subco_units_to_ordinary_share_exchange_non_cash
date_status: scenario_assumption
new_ordinary_shares: 40000000
nci_equity_reclass_oku: 6
old_holder_fraction_after_share_settlement: 0.946781942284
ordinary_issued_after_event: 1095036468.513
old_cohort_shares_after_event: 1036760754.531

内容を開く

想定日: 2028-07-31
year: 1.733059548255
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.287375
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1095036468.513
old_cohort_shares_after_event: 1036760754.531

内容を開く

想定日: 2028-08-18
year: 1.782340862423
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.287375
record_date: 2028-08-21
payment_date: 2028-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1036760754.531
issued_shares_eligible_at_ex_date: 1095036468.513
ordinary_issued_after_event: 1095036468.513
old_cohort_shares_after_event: 1036760754.531

内容を開く

想定日: 2028-08-21
year: 1.790554414784
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: interim
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1095036468.513
old_cohort_shares_after_event: 1036760754.531

内容を開く

想定日: 2028-09-15
year: 1.859000684463
金額: 2.979391218
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2028-08-18
assumed_dps_eur: 0.287375
company_dividend_cash_outflow_oku: 3.146861051
old_holder_remaining_shares_today: 1036760754.531
ordinary_issued_after_event: 1095036468.513
old_cohort_shares_after_event: 1036760754.531

内容を開く

想定日: 2028-10-13
year: 1.935660506502
金額: 0.710086457
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.75
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 15.8921839
company_cash_paid_oku: 0.75
issuer_shares_cancelled: 4719301.035
old_holder_shares_tendered: 4468149.001
old_holder_fraction_pre_buyback: 0.946781942284
ordinary_issued_after_event: 1090317167.478
old_cohort_shares_after_event: 1032292605.53

annual_full_year_terminal_runrate

内容を開く

fee_revenue_oku: 18.58151646
fpaum_end_billion_eur: 221.16501
fee_margin_excluding_SBC: 0.56
gross_carry_oku: 11.8
gross_investment_income_oku: 1.629574137
sbc_annual_oku: 0.2785185
DA_full_year_oku: 1.771
maintenance_capex_full_year_oku: 0.25
GP_commitment_net_investment_full_year_oku: 0.37

audit_residuals

内容を開く

income_statement: 0
parent_equity: 0
nci_equity: 0
gross_debt: 0
restricted_NCI_cash: 0
cash: 0
発行済株式数: 0
old_holder_shares: 0
holder_cash: 0
GP_owner_NAV: 0
carry_receivable: 0
total_balance_proxy: -0

内容を開く

period_id

fy_2029

fiscal_year

2029

period_start

2029-01-01

期間末

2029-12-31

opening_balance_date

2028-12-31

period_days

365

full_year_day_denominator

365

fraction_of_fiscal_year

data_status

scenario_forecast_full_year

business_driver

内容を開く

fpaum_opening_billion_eur: 221.16501
fpaum_closing_billion_eur: 237.752386
effective_management_fee_rate_assumed: 0.0092
annualized_fee_related_revenue_oku: 21.110200204
annualized_gross_carry_oku: 12.8
annualized_gross_investment_income_oku: 1.789540068
fee_operating_margin_before_sbc_assumed: 0.57

income_oku

内容を開く

management_fees_and_fee_related_performance_revenue: 21.110200204
gross_carried_interest_performance_revenue: 12.8
investment_income_including_fund_nci: 1.789540068
other_operating_income: 0.03
ifrs_total_revenue: 35.729740272
fee_related_cash_operating_cost_excluding_sbc: 9.077386088
performance_linked_personnel_cost: 7.424
sbc_expense_left_in_ifrs_profit: 0.288266647
earnings_before_depreciation_finance_and_tax: 18.940087537
depreciation_and_amortization: 1.792252
ifrs_operating_profit: 17.147835537
net_finance_expense: 0.56703827
ifrs_profit_before_tax: 16.580797267
cash_and_deferred_tax_expense_assumption: 3.316159453
ifrs_consolidated_profit: 13.264637814
nci_profit_fund_investments: 0.78739763
nci_profit_dif_remaining_interest: 0.025
nci_profit_marathon_subco: 0
ifrs_noncontrolling_profit_total: 0.81239763
ifrs_parent_attributable_profit_after_sbc: 12.452240184
ifrs_parent_profit_annualized_for_comparison: 12.452240184

owner_cash_bridge_oku

内容を開く

consolidated_ifrs_profit_after_tax: 13.264637814
noncash_sbc_addback_to_company_cash_only: 0.288266647
noncash_DA_addback_to_company_cash: 1.792252
unrealized_investment_gains_removed_from_cash: 1.789540068
carry_income_recognized_in_ifrs: 12.8
assumed_carry_cash_collected: 11.264
carry_current_year_accrual_cash_collected_only: 11.264
carry_prior_year_vintage_cash_collected_assumed: 0
carry_additional_company_partner_bonus_assumed_cash_paid_on_accrual: 7.424
carry_tax_component_assumed_paid_on_accrual: 1.0752
total_income_tax_expense_assumed_paid_as_cash_in_period: 3.316159453
carry_receivable_book_is_company_IFRS_entitlement_not_external_employee_carry: はい
carry_receivable_growth_deducted: 1.536
maintenance_cash_capex: 0.25
gp_commitment_net_cash_deployment: 0.37
consolidated_cash_available_before_distributions_debt: 11.399616394
not_pretended_to_be_ifrs_reported_cash_flow: はい

company_cash_oku

内容を開く

begin: 10.426810873
owner_free_cash_before_holder_and_nci_distributions: 11.399616394
parent_dividend_cash_outflow: 6.315564972
issuer_share_repurchase_cash_outflow: 0.775
noncontrolling_distributions: 0.01375
noncontrolling_fund_contributions: 0.1
marathon_earnout_cash_to_sellers: 0.85
company_funded_SIF_replenishment_total_company_outflow: 0.288266647
restricted_noncontrolling_cash_begin: 0.400493151
restricted_noncontrolling_cash_end: 0.456243151
available_parent_cash_end: 12.877602496
debt_cash_repayment: 0.35
new_debt_cash_drawing: 0
end: 13.333845646

financial_debt_oku

内容を開く

begin: 21.63
debt_drawn_cash: 0
cash_repayment: 0.35
end: 21.28
net_debt_end: 7.946154354

assets_and_nci_oku

内容を開く

owner_gp_investment_nav_begin: 13.005364037
owner_gp_investment_NAV_end: 14.322006475
owner_share_investment_fv_gain: 1.002142438
owner_share_gp_new_investment_cash: 0.3145
nci_owned_investment_NAV_begin: 9.363886812
nci_owned_investment_NAV_end: 10.206784442
nci_share_investment_fv_gain: 0.78739763
nci_share_gp_new_investment_cash: 0.0555
accrued_carry_receivable_begin: 4.647287671
accrued_carry_receivable_end: 6.183287671
dif_forward_liability_begin: 2.1
dif_forward_liability_non_cash_settlement: 2.1
dif_forward_liability_end: 0
other_net_assets_minus_other_net_liabilities_proxy_end: 25.277494594

親会社持分（億）

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begin: 31.100914636
parent_ifrs_net_profit: 12.452240184
equity_settled_SBC_credit_noncash: 0.288266647
cash_dividends_declared_and_assumed_paid: 6.315564972
company_cash_buybacks: 0.775
reclassification_from_acquired_nci: 0.895
dif_forward_liability_settled_into_equity_noncash: 2.1
earnout_new_share_equity_credit_with_goodwill_noncash: 0.822801389
company_cash_funded_SIF_market_purchase_equity_deduction: 0.288266647
end: 40.280391236

noncontrolling_equity_oku

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begin: 7.759379963
noncontrolling_net_profit: 0.81239763
distributions_paid: 0.01375
capital_contributions: 0.1
converted_into_parent_equity_noncash: 0.895
end: 7.763027593

株数

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issued_and_outstanding_begin: 1090317167.478
new_ordinary_shares_for_dif_marathon: 21522500
issuer_bought_and_cancelled: 4643305.924
issued_and_outstanding_end: 1107196361.553
employee_SIF_old_shares_delivered_existing_no_new_issuance_shares: 0
employee_share_issuance_shares: 0
old_holder_cohort_shares_begin: 1032292605.53
old_holder_cohort_shares_pro_rata_tendered: 4304156.446
old_holder_cohort_shares_sold_to_company_funded_SIF: 1662285.339
old_holder_cohort_shares_end: 1026326163.745
old_holder_fraction_end: 0.926959480164

holder_annual_cash_oku

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dividends_to_original_shareholder_cohort: 5.913277038
pro_rata_tender_cash_to_original_shareholder_cohort: 0.718393597
company_funded_SIF_market_purchase_cash_to_original_shareholder_cohort: 0.272925656
total_cash_to_original_shareholder_cohort: 6.904596291

company_dividend_buyback_comparison

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company_dividends_oku: 6.315564972
company_buybacks_oku: 0.775
sbc_non_cash_event_amount: 0
SIF_company_cash_market_purchase_distinct_from_issuer_repurchase: 0.288266647

SIF_seller_liquidity_ledger

内容を開く

company_funded_SIF_purchase_oku: 0.288266647
old_cohort_seller_policy: pro_rata
actual_external_unlocked_tradable_shares_known: いいえ
externally_sellable_shares_primary_source_verified: 未確認
outside_pool_cumulative_sale_capacity_without_lockup_unverified: はい
Marathon_exchange_shares_subject_to_contractual_lockup: はい
日付: 2029-06-14
purchase_price_eur_assumed: 16.4187008
required_shares: 1755721.423
outsider_shares_raw_before_event: 58024561.948
raw_coverage_ratio: 33.0488432
outsider_only_raw_stock_feasible: はい
outsider_only_verified_saleable_stock_feasible: 未確認
outsider_only_verified_feasibility_reason: no primary source verifies freely sellable Marathon/DIF exchange shares in this period
oldholder_shares_sold_baseline: 1662285.339
oldholder_cash_inflow_oku: 0.272925656
oldholder_fraction_pre_SIF: 0.946781942284

carry_recognized_cash_and_tax_timing_oku

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carry_receivable_begin: 4.647287671
IFRS_company_carry_recognized: 12.8
same_vintage_cash_collected: 11.264
prior_vintage_collection_modeled: 0
carry_receivable_end: 6.183287671
company_internal_partner_bonus_recognized_and_assumed_cash_paid: 7.424
corporate_tax_on_carry_after_bonus_recognized_and_assumed_cash_paid: 1.0752
other_corporate_income_tax_assumed_cash_paid: 2.240959453
total_company_tax_model_assumed_cash_paid: 3.316159453
partner_compensation_timing_reported_or_assumed: assumed cash paid in accrual period; not proven from issuer financials
tax_cash_settlement_reported_or_assumed: assumed cash paid in accrual period; issuer deferred/current split unverified

year_scheduled_events

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想定日: 2029-03-09
year: 2.338124572211
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.27300625
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1090317167.478
old_cohort_shares_after_event: 1032292605.53

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想定日: 2029-05-14
year: 2.518822724162
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.27300625
record_date: 2029-05-15
payment_date: 2029-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1032292605.53
issued_shares_eligible_at_ex_date: 1090317167.478
ordinary_issued_after_event: 1090317167.478
old_cohort_shares_after_event: 1032292605.53

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想定日: 2029-05-15
year: 2.521560574949
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: final
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1090317167.478
old_cohort_shares_after_event: 1032292605.53

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想定日: 2029-06-11
year: 2.595482546201
金額: 2.818223331
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2029-05-14
assumed_dps_eur: 0.27300625
company_dividend_cash_outflow_oku: 2.976634012
old_holder_remaining_shares_today: 1032292605.53
ordinary_issued_after_event: 1090317167.478
old_cohort_shares_after_event: 1032292605.53

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想定日: 2029-06-14
year: 2.603696098563
金額: 0.272925656
種類: assumed_SIF_market_purchase_and_oldholder_sale
date_status: scenario_assumption
company_cash_purchase_cost_oku: 0.288266647
not_issuer_cancelled: はい
not_confirmed_by_CVC: はい
old_holder_shares_sold_to_funded_SIF: 1662285.339
SIF_share_purchase_quantity: 1755721.423
SIF_purchase_execution_price_eur_assumed: 16.4187008
external_shares_outside_cohort_before_trade_raw: 58024561.948
external_coverage_raw_unrestricted_stock_multiple: 33.048843
outside_only_raw_quantity_feasible: はい
outside_only_genuinely_saleable_lockup_adjusted_feasibility: unverified
SIF_purchase_cash_paid_by_company_oku: 0.288266647
SIF_purchase_is_issuer_cancellation: いいえ
SIF_acquired_shares_assumed_delivered_to_employee_no_issuer_stock_change: はい
seller_policy_scenario_assumed: pro_rata
ordinary_issued_after_event: 1090317167.478
old_cohort_shares_after_event: 1030630320.191

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想定日: 2029-06-15
year: 2.60643394935
金額: 0
種類: sbc_existing_SIF_shares_delivery_non_cash
date_status: scenario_assumption
new_ordinary_shares: 0
trust_funding_not_proven: はい
ordinary_issued_after_event: 1090317167.478
old_cohort_shares_after_event: 1030630320.191

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想定日: 2029-07-01
year: 2.650239561944
金額: 0
種類: dif_39_percent_part_2_share_settlement_non_cash
date_status: scenario_assumption
new_ordinary_shares: 16522500
forward_liability_settlement_oku: 2.1
nci_equity_reclass_oku: 0.895
old_holder_fraction_after_share_settlement: 0.931146895503
ordinary_issued_after_event: 1106839667.478
old_cohort_shares_after_event: 1030630320.191

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想定日: 2029-07-01
year: 2.650239561944
金額: 0
種類: marathon_earnout_new_subco_exchange_non_cash
date_status: scenario_assumption
new_ordinary_shares: 5000000
non_cash_goodwill_eur_oku: 0.822801389
old_holder_fraction_after_share_settlement: 0.926959480164
ordinary_issued_after_event: 1111839667.478
old_cohort_shares_after_event: 1030630320.191

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想定日: 2029-07-01
year: 2.650239561944
金額: 0
種類: marathon_earnout_cash_payment_to_sellers_not_old_holder
date_status: scenario_assumption
company_cash_outflow_oku: 0.85
ordinary_issued_after_event: 1111839667.478
old_cohort_shares_after_event: 1030630320.191

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想定日: 2029-07-30
year: 2.729637234771
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.300306875
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1111839667.478
old_cohort_shares_after_event: 1030630320.191

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想定日: 2029-08-20
year: 2.7871321013
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.300306875
record_date: 2029-08-21
payment_date: 2029-09-17
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1030630320.191
issued_shares_eligible_at_ex_date: 1111839667.478
ordinary_issued_after_event: 1111839667.478
old_cohort_shares_after_event: 1030630320.191

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想定日: 2029-08-21
year: 2.789869952088
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: interim
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1111839667.478
old_cohort_shares_after_event: 1030630320.191

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想定日: 2029-09-17
year: 2.86379192334
金額: 3.095053707
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2029-08-20
assumed_dps_eur: 0.300306875
company_dividend_cash_outflow_oku: 3.33893096
old_holder_remaining_shares_today: 1030630320.191
ordinary_issued_after_event: 1111839667.478
old_cohort_shares_after_event: 1030630320.191

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想定日: 2029-10-15
year: 2.94045174538
金額: 0.718393597
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.775
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 16.6906944
company_cash_paid_oku: 0.775
issuer_shares_cancelled: 4643305.924
old_holder_shares_tendered: 4304156.446
old_holder_fraction_pre_buyback: 0.926959480164
ordinary_issued_after_event: 1107196361.553
old_cohort_shares_after_event: 1026326163.745

annual_full_year_terminal_runrate

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fee_revenue_oku: 21.110200204
fpaum_end_billion_eur: 237.75238575
fee_margin_excluding_SBC: 0.57
gross_carry_oku: 12.8
gross_investment_income_oku: 1.789540068
sbc_annual_oku: 0.288266647
DA_full_year_oku: 1.792252
maintenance_capex_full_year_oku: 0.25
GP_commitment_net_investment_full_year_oku: 0.37

audit_residuals

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income_statement: 0
parent_equity: 0
nci_equity: 0
gross_debt: 0
restricted_NCI_cash: 0
cash: 0
発行済株式数: 0
old_holder_shares: 0
holder_cash: -0
GP_owner_NAV: 0
carry_receivable: 0
total_balance_proxy: 0

内容を開く

period_id

fy_2030

fiscal_year

2030

period_start

2030-01-01

期間末

2030-12-31

opening_balance_date

2029-12-31

period_days

365

full_year_day_denominator

365

fraction_of_fiscal_year

data_status

scenario_forecast_full_year

business_driver

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fpaum_opening_billion_eur: 237.752386
fpaum_closing_billion_eur: 248.926748
effective_management_fee_rate_assumed: 0.0092
annualized_fee_related_revenue_oku: 22.387240147
annualized_gross_carry_oku: 4.7
annualized_gross_investment_income_oku: 1.962303273
fee_operating_margin_before_sbc_assumed: 0.57

income_oku

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management_fees_and_fee_related_performance_revenue: 22.387240147
gross_carried_interest_performance_revenue: 4.7
investment_income_including_fund_nci: 1.962303273
other_operating_income: 0.03
ifrs_total_revenue: 29.07954342
fee_related_cash_operating_cost_excluding_sbc: 9.626513263
performance_linked_personnel_cost: 2.726
sbc_expense_left_in_ifrs_profit: 0.29835598
earnings_before_depreciation_finance_and_tax: 16.428674177
depreciation_and_amortization: 1.813759024
ifrs_operating_profit: 14.614915153
net_finance_expense: 0.520953852
ifrs_profit_before_tax: 14.093961301
cash_and_deferred_tax_expense_assumption: 2.81879226
ifrs_consolidated_profit: 11.275169041
nci_profit_fund_investments: 0.86341344
nci_profit_dif_remaining_interest: 0
nci_profit_marathon_subco: 0
ifrs_noncontrolling_profit_total: 0.86341344
ifrs_parent_attributable_profit_after_sbc: 10.4117556
ifrs_parent_profit_annualized_for_comparison: 10.4117556

owner_cash_bridge_oku

内容を開く

consolidated_ifrs_profit_after_tax: 11.275169041
noncash_sbc_addback_to_company_cash_only: 0.29835598
noncash_DA_addback_to_company_cash: 1.813759024
unrealized_investment_gains_removed_from_cash: 1.962303273
carry_income_recognized_in_ifrs: 4.7
assumed_carry_cash_collected: 4.136
carry_current_year_accrual_cash_collected_only: 4.136
carry_prior_year_vintage_cash_collected_assumed: 0
carry_additional_company_partner_bonus_assumed_cash_paid_on_accrual: 2.726
carry_tax_component_assumed_paid_on_accrual: 0.3948
total_income_tax_expense_assumed_paid_as_cash_in_period: 2.81879226
carry_receivable_book_is_company_IFRS_entitlement_not_external_employee_carry: はい
carry_receivable_growth_deducted: 0.564
maintenance_cash_capex: 0.25
gp_commitment_net_cash_deployment: 0.37
consolidated_cash_available_before_distributions_debt: 10.240980771
not_pretended_to_be_ifrs_reported_cash_flow: はい

company_cash_oku

内容を開く

begin: 13.333845646
owner_free_cash_before_holder_and_nci_distributions: 10.240980771
parent_dividend_cash_outflow: 6.633348646
issuer_share_repurchase_cash_outflow: 0.8
noncontrolling_distributions: 0
noncontrolling_fund_contributions: 0.1
marathon_earnout_cash_to_sellers: 0
company_funded_SIF_replenishment_total_company_outflow: 0.29835598
restricted_noncontrolling_cash_begin: 0.456243151
restricted_noncontrolling_cash_end: 0.500743151
available_parent_cash_end: 15.092378641
debt_cash_repayment: 0.35
new_debt_cash_drawing: 0
end: 15.593121792

financial_debt_oku

内容を開く

begin: 21.28
debt_drawn_cash: 0
cash_repayment: 0.35
end: 20.93
net_debt_end: 5.336878208

assets_and_nci_oku

内容を開く

owner_gp_investment_nav_begin: 14.322006475
owner_gp_investment_NAV_end: 15.735396308
owner_share_investment_fv_gain: 1.098889833
owner_share_gp_new_investment_cash: 0.3145
nci_owned_investment_NAV_begin: 10.206784442
nci_owned_investment_NAV_end: 11.125697882
nci_share_investment_fv_gain: 0.86341344
nci_share_gp_new_investment_cash: 0.0555
accrued_carry_receivable_begin: 6.183287671
accrued_carry_receivable_end: 6.747287671
dif_forward_liability_begin: 0
dif_forward_liability_non_cash_settlement: 0
dif_forward_liability_end: 0
other_net_assets_minus_other_net_liabilities_proxy_end: 23.71373557

親会社持分（億）

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begin: 40.280391236
parent_ifrs_net_profit: 10.4117556
equity_settled_SBC_credit_noncash: 0.29835598
cash_dividends_declared_and_assumed_paid: 6.633348646
company_cash_buybacks: 0.8
reclassification_from_acquired_nci: 0
dif_forward_liability_settled_into_equity_noncash: 0
earnout_new_share_equity_credit_with_goodwill_noncash: 0
company_cash_funded_SIF_market_purchase_equity_deduction: 0.29835598
end: 43.258798191

noncontrolling_equity_oku

内容を開く

begin: 7.763027593
noncontrolling_net_profit: 0.86341344
distributions_paid: 0
capital_contributions: 0.1
converted_into_parent_equity_noncash: 0
end: 8.726441033

株数

内容を開く

issued_and_outstanding_begin: 1107196361.553
new_ordinary_shares_for_dif_marathon: 0
issuer_bought_and_cancelled: 4565000.052
issued_and_outstanding_end: 1102631361.501
employee_SIF_old_shares_delivered_existing_no_new_issuance_shares: 0
employee_share_issuance_shares: 0
old_holder_cohort_shares_begin: 1026326163.745
old_holder_cohort_shares_pro_rata_tendered: 4224955.559
old_holder_cohort_shares_sold_to_company_funded_SIF: 1604286.442
old_holder_cohort_shares_end: 1020496921.744
old_holder_fraction_end: 0.925510517272

holder_annual_cash_oku

内容を開く

dividends_to_original_shareholder_cohort: 6.14381083
pro_rata_tender_cash_to_original_shareholder_cohort: 0.740408414
company_funded_SIF_market_purchase_cash_to_original_shareholder_cohort: 0.276563904
total_cash_to_original_shareholder_cohort: 7.160783148

company_dividend_buyback_comparison

内容を開く

company_dividends_oku: 6.633348646
company_buybacks_oku: 0.8
sbc_non_cash_event_amount: 0
SIF_company_cash_market_purchase_distinct_from_issuer_repurchase: 0.29835598

SIF_seller_liquidity_ledger

内容を開く

company_funded_SIF_purchase_oku: 0.29835598
old_cohort_seller_policy: pro_rata
actual_external_unlocked_tradable_shares_known: いいえ
externally_sellable_shares_primary_source_verified: 未確認
outside_pool_cumulative_sale_capacity_without_lockup_unverified: はい
Marathon_exchange_shares_subject_to_contractual_lockup: はい
日付: 2030-06-14
purchase_price_eur_assumed: 17.2390601
required_shares: 1730697.486
outsider_shares_raw_before_event: 80870197.808
raw_coverage_ratio: 46.7269401
outsider_only_raw_stock_feasible: はい
outsider_only_verified_saleable_stock_feasible: 未確認
outsider_only_verified_feasibility_reason: no primary source verifies freely sellable Marathon/DIF exchange shares in this period
oldholder_shares_sold_baseline: 1604286.442
oldholder_cash_inflow_oku: 0.276563904
oldholder_fraction_pre_SIF: 0.926959480164

carry_recognized_cash_and_tax_timing_oku

内容を開く

carry_receivable_begin: 6.183287671
IFRS_company_carry_recognized: 4.7
same_vintage_cash_collected: 4.136
prior_vintage_collection_modeled: 0
carry_receivable_end: 6.747287671
company_internal_partner_bonus_recognized_and_assumed_cash_paid: 2.726
corporate_tax_on_carry_after_bonus_recognized_and_assumed_cash_paid: 0.3948
other_corporate_income_tax_assumed_cash_paid: 2.42399226
total_company_tax_model_assumed_cash_paid: 2.81879226
partner_compensation_timing_reported_or_assumed: assumed cash paid in accrual period; not proven from issuer financials
tax_cash_settlement_reported_or_assumed: assumed cash paid in accrual period; issuer deferred/current split unverified

year_scheduled_events

内容を開く

想定日: 2030-03-11
year: 3.342915811088
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.285291531
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1107196361.553
old_cohort_shares_after_event: 1026326163.745

内容を開く

想定日: 2030-05-14
year: 3.518138261465
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.285291531
record_date: 2030-05-15
payment_date: 2030-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1026326163.745
issued_shares_eligible_at_ex_date: 1107196361.553
ordinary_issued_after_event: 1107196361.553
old_cohort_shares_after_event: 1026326163.745

内容を開く

想定日: 2030-05-15
year: 3.520876112252
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: final
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1107196361.553
old_cohort_shares_after_event: 1026326163.745

内容を開く

想定日: 2030-06-11
year: 3.594798083504
金額: 2.928021626
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2030-05-14
assumed_dps_eur: 0.285291531
company_dividend_cash_outflow_oku: 3.158737451
old_holder_remaining_shares_today: 1026326163.745
ordinary_issued_after_event: 1107196361.553
old_cohort_shares_after_event: 1026326163.745

内容を開く

想定日: 2030-06-14
year: 3.603011635866
金額: 0
種類: sbc_existing_SIF_shares_delivery_non_cash
date_status: scenario_assumption
new_ordinary_shares: 0
trust_funding_not_proven: はい
ordinary_issued_after_event: 1107196361.553
old_cohort_shares_after_event: 1026326163.745

内容を開く

想定日: 2030-06-14
year: 3.603011635866
金額: 0.276563904
種類: assumed_SIF_market_purchase_and_oldholder_sale
date_status: scenario_assumption
company_cash_purchase_cost_oku: 0.29835598
not_issuer_cancelled: はい
not_confirmed_by_CVC: はい
old_holder_shares_sold_to_funded_SIF: 1604286.442
SIF_share_purchase_quantity: 1730697.486
SIF_purchase_execution_price_eur_assumed: 17.2390601
external_shares_outside_cohort_before_trade_raw: 80870197.808
external_coverage_raw_unrestricted_stock_multiple: 46.72694
outside_only_raw_quantity_feasible: はい
outside_only_genuinely_saleable_lockup_adjusted_feasibility: unverified
SIF_purchase_cash_paid_by_company_oku: 0.29835598
SIF_purchase_is_issuer_cancellation: いいえ
SIF_acquired_shares_assumed_delivered_to_employee_no_issuer_stock_change: はい
seller_policy_scenario_assumed: pro_rata
ordinary_issued_after_event: 1107196361.553
old_cohort_shares_after_event: 1024721877.303

内容を開く

想定日: 2030-07-30
year: 3.728952772074
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.313820684
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1107196361.553
old_cohort_shares_after_event: 1024721877.303

内容を開く

想定日: 2030-08-20
year: 3.786447638604
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.313820684
record_date: 2030-08-21
payment_date: 2030-09-16
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1024721877.303
issued_shares_eligible_at_ex_date: 1107196361.553
ordinary_issued_after_event: 1107196361.553
old_cohort_shares_after_event: 1024721877.303

内容を開く

想定日: 2030-08-21
year: 3.789185489391
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: interim
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1107196361.553
old_cohort_shares_after_event: 1024721877.303

内容を開く

想定日: 2030-09-16
year: 3.860369609856
金額: 3.215789204
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2030-08-20
assumed_dps_eur: 0.313820684
company_dividend_cash_outflow_oku: 3.474611195
old_holder_remaining_shares_today: 1024721877.303
ordinary_issued_after_event: 1107196361.553
old_cohort_shares_after_event: 1024721877.303

内容を開く

想定日: 2030-10-15
year: 3.939767282683
金額: 0.740408414
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.8
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 17.5246438
company_cash_paid_oku: 0.8
issuer_shares_cancelled: 4565000.052
old_holder_shares_tendered: 4224955.559
old_holder_fraction_pre_buyback: 0.925510517272
ordinary_issued_after_event: 1102631361.501
old_cohort_shares_after_event: 1020496921.744

annual_full_year_terminal_runrate

内容を開く

fee_revenue_oku: 22.387240147
fpaum_end_billion_eur: 248.92674788
fee_margin_excluding_SBC: 0.57
gross_carry_oku: 4.7
gross_investment_income_oku: 1.962303273
sbc_annual_oku: 0.29835598
DA_full_year_oku: 1.813759024
maintenance_capex_full_year_oku: 0.25
GP_commitment_net_investment_full_year_oku: 0.37

audit_residuals

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income_statement: 0
parent_equity: 0
nci_equity: 0
gross_debt: 0
restricted_NCI_cash: 0
cash: 0
発行済株式数: 0
old_holder_shares: 0
holder_cash: -0
GP_owner_NAV: 0
carry_receivable: 0
total_balance_proxy: 0

内容を開く

period_id

fy_2031

fiscal_year

2031

period_start

2031-01-01

期間末

2031-12-31

opening_balance_date

2030-12-31

period_days

365

full_year_day_denominator

365

fraction_of_fiscal_year

data_status

scenario_forecast_full_year

business_driver

内容を開く

fpaum_opening_billion_eur: 248.926748
fpaum_closing_billion_eur: 260.128452
effective_management_fee_rate_assumed: 0.0092
annualized_fee_related_revenue_oku: 23.416539173
annualized_gross_carry_oku: 5
annualized_gross_investment_income_oku: 2.148887535
fee_operating_margin_before_sbc_assumed: 0.57

income_oku

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management_fees_and_fee_related_performance_revenue: 23.416539173
gross_carried_interest_performance_revenue: 5
investment_income_including_fund_nci: 2.148887535
other_operating_income: 0.03
ifrs_total_revenue: 30.595426708
fee_related_cash_operating_cost_excluding_sbc: 10.069111844
performance_linked_personnel_cost: 2.9
sbc_expense_left_in_ifrs_profit: 0.308798439
earnings_before_depreciation_finance_and_tax: 17.317516424
depreciation_and_amortization: 1.835524132
ifrs_operating_profit: 15.481992292
net_finance_expense: 0.482642539
ifrs_profit_before_tax: 14.999349754
cash_and_deferred_tax_expense_assumption: 2.999869951
ifrs_consolidated_profit: 11.999479803
nci_profit_fund_investments: 0.945510516
nci_profit_dif_remaining_interest: 0
nci_profit_marathon_subco: 0
ifrs_noncontrolling_profit_total: 0.945510516
ifrs_parent_attributable_profit_after_sbc: 11.053969287
ifrs_parent_profit_annualized_for_comparison: 11.053969287

owner_cash_bridge_oku

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consolidated_ifrs_profit_after_tax: 11.999479803
noncash_sbc_addback_to_company_cash_only: 0.308798439
noncash_DA_addback_to_company_cash: 1.835524132
unrealized_investment_gains_removed_from_cash: 2.148887535
carry_income_recognized_in_ifrs: 5
assumed_carry_cash_collected: 4.4
carry_current_year_accrual_cash_collected_only: 4.4
carry_prior_year_vintage_cash_collected_assumed: 0
carry_additional_company_partner_bonus_assumed_cash_paid_on_accrual: 2.9
carry_tax_component_assumed_paid_on_accrual: 0.42
total_income_tax_expense_assumed_paid_as_cash_in_period: 2.999869951
carry_receivable_book_is_company_IFRS_entitlement_not_external_employee_carry: はい
carry_receivable_growth_deducted: 0.6
maintenance_cash_capex: 0.25
gp_commitment_net_cash_deployment: 0.37
consolidated_cash_available_before_distributions_debt: 10.774914839
not_pretended_to_be_ifrs_reported_cash_flow: はい

company_cash_oku

内容を開く

begin: 15.593121792
owner_free_cash_before_holder_and_nci_distributions: 10.774914839
parent_dividend_cash_outflow: 6.90326914
issuer_share_repurchase_cash_outflow: 0.85
noncontrolling_distributions: 0
noncontrolling_fund_contributions: 0.1
marathon_earnout_cash_to_sellers: 0
company_funded_SIF_replenishment_total_company_outflow: 0.308798439
restricted_noncontrolling_cash_begin: 0.500743151
restricted_noncontrolling_cash_end: 0.545243151
available_parent_cash_end: 17.510725901
debt_cash_repayment: 0.35
new_debt_cash_drawing: 0
end: 18.055969052

financial_debt_oku

内容を開く

begin: 20.93
debt_drawn_cash: 0
cash_repayment: 0.35
end: 20.58
net_debt_end: 2.524030948

assets_and_nci_oku

内容を開く

owner_gp_investment_nav_begin: 15.735396308
owner_gp_investment_NAV_end: 17.253273328
owner_share_investment_fv_gain: 1.20337702
owner_share_gp_new_investment_cash: 0.3145
nci_owned_investment_NAV_begin: 11.125697882
nci_owned_investment_NAV_end: 12.126708398
nci_share_investment_fv_gain: 0.945510516
nci_share_gp_new_investment_cash: 0.0555
accrued_carry_receivable_begin: 6.747287671
accrued_carry_receivable_end: 7.347287671
dif_forward_liability_begin: 0
dif_forward_liability_non_cash_settlement: 0
dif_forward_liability_end: 0
other_net_assets_minus_other_net_liabilities_proxy_end: 22.128211438

親会社持分（億）

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begin: 43.258798191
parent_ifrs_net_profit: 11.053969287
equity_settled_SBC_credit_noncash: 0.308798439
cash_dividends_declared_and_assumed_paid: 6.90326914
company_cash_buybacks: 0.85
reclassification_from_acquired_nci: 0
dif_forward_liability_settled_into_equity_noncash: 0
earnout_new_share_equity_credit_with_goodwill_noncash: 0
company_cash_funded_SIF_market_purchase_equity_deduction: 0.308798439
end: 46.559498338

noncontrolling_equity_oku

内容を開く

begin: 8.726441033
noncontrolling_net_profit: 0.945510516
distributions_paid: 0
capital_contributions: 0.1
converted_into_parent_equity_noncash: 0
end: 9.771951548

株数

内容を開く

issued_and_outstanding_begin: 1102631361.501
new_ordinary_shares_for_dif_marathon: 0
issuer_bought_and_cancelled: 4619499.557
issued_and_outstanding_end: 1098011861.945
employee_SIF_old_shares_delivered_existing_no_new_issuance_shares: 0
employee_share_issuance_shares: 0
old_holder_cohort_shares_begin: 1020496921.744
old_holder_cohort_shares_pro_rata_tendered: 4268779.498
old_holder_cohort_shares_sold_to_company_funded_SIF: 1579159.829
old_holder_cohort_shares_end: 1014648982.417
old_holder_fraction_end: 0.924078343398

holder_annual_cash_oku

内容を開く

dividends_to_original_shareholder_cohort: 6.383869454
pro_rata_tender_cash_to_original_shareholder_cohort: 0.785466592
company_funded_SIF_market_purchase_cash_to_original_shareholder_cohort: 0.285796203
total_cash_to_original_shareholder_cohort: 7.455132249

company_dividend_buyback_comparison

内容を開く

company_dividends_oku: 6.90326914
company_buybacks_oku: 0.85
sbc_non_cash_event_amount: 0
SIF_company_cash_market_purchase_distinct_from_issuer_repurchase: 0.308798439

SIF_seller_liquidity_ledger

内容を開く

company_funded_SIF_purchase_oku: 0.308798439
old_cohort_seller_policy: pro_rata
actual_external_unlocked_tradable_shares_known: いいえ
externally_sellable_shares_primary_source_verified: 未確認
outside_pool_cumulative_sale_capacity_without_lockup_unverified: はい
Marathon_exchange_shares_subject_to_contractual_lockup: はい
日付: 2031-06-13
purchase_price_eur_assumed: 18.097991
required_shares: 1706258.114
outsider_shares_raw_before_event: 82134439.758
raw_coverage_ratio: 48.1371717
outsider_only_raw_stock_feasible: はい
outsider_only_verified_saleable_stock_feasible: 未確認
outsider_only_verified_feasibility_reason: no primary source verifies freely sellable Marathon/DIF exchange shares in this period
oldholder_shares_sold_baseline: 1579159.829
oldholder_cash_inflow_oku: 0.285796203
oldholder_fraction_pre_SIF: 0.925510517272

carry_recognized_cash_and_tax_timing_oku

内容を開く

carry_receivable_begin: 6.747287671
IFRS_company_carry_recognized: 5
same_vintage_cash_collected: 4.4
prior_vintage_collection_modeled: 0
carry_receivable_end: 7.347287671
company_internal_partner_bonus_recognized_and_assumed_cash_paid: 2.9
corporate_tax_on_carry_after_bonus_recognized_and_assumed_cash_paid: 0.42
other_corporate_income_tax_assumed_cash_paid: 2.579869951
total_company_tax_model_assumed_cash_paid: 2.999869951
partner_compensation_timing_reported_or_assumed: assumed cash paid in accrual period; not proven from issuer financials
tax_cash_settlement_reported_or_assumed: assumed cash paid in accrual period; issuer deferred/current split unverified

year_scheduled_events

内容を開く

想定日: 2031-03-10
year: 4.339493497604
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.29812965
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1102631361.501
old_cohort_shares_after_event: 1020496921.744

内容を開く

想定日: 2031-05-14
year: 4.517453798768
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.29812965
record_date: 2031-05-15
payment_date: 2031-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1020496921.744
issued_shares_eligible_at_ex_date: 1102631361.501
ordinary_issued_after_event: 1102631361.501
old_cohort_shares_after_event: 1020496921.744

内容を開く

想定日: 2031-05-15
year: 4.520191649555
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: final
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1102631361.501
old_cohort_shares_after_event: 1020496921.744

内容を開く

想定日: 2031-06-11
year: 4.594113620808
金額: 3.042403901
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2031-05-14
assumed_dps_eur: 0.29812965
company_dividend_cash_outflow_oku: 3.287271019
old_holder_remaining_shares_today: 1020496921.744
ordinary_issued_after_event: 1102631361.501
old_cohort_shares_after_event: 1020496921.744

内容を開く

想定日: 2031-06-13
year: 4.599589322382
金額: 0
種類: sbc_existing_SIF_shares_delivery_non_cash
date_status: scenario_assumption
new_ordinary_shares: 0
trust_funding_not_proven: はい
ordinary_issued_after_event: 1102631361.501
old_cohort_shares_after_event: 1020496921.744

内容を開く

想定日: 2031-06-13
year: 4.599589322382
金額: 0.285796203
種類: assumed_SIF_market_purchase_and_oldholder_sale
date_status: scenario_assumption
company_cash_purchase_cost_oku: 0.308798439
not_issuer_cancelled: はい
not_confirmed_by_CVC: はい
old_holder_shares_sold_to_funded_SIF: 1579159.829
SIF_share_purchase_quantity: 1706258.114
SIF_purchase_execution_price_eur_assumed: 18.097991
external_shares_outside_cohort_before_trade_raw: 82134439.758
external_coverage_raw_unrestricted_stock_multiple: 48.137172
outside_only_raw_quantity_feasible: はい
outside_only_genuinely_saleable_lockup_adjusted_feasibility: unverified
SIF_purchase_cash_paid_by_company_oku: 0.308798439
SIF_purchase_is_issuer_cancellation: いいえ
SIF_acquired_shares_assumed_delivered_to_employee_no_issuer_stock_change: はい
seller_policy_scenario_assumed: pro_rata
ordinary_issued_after_event: 1102631361.501
old_cohort_shares_after_event: 1018917761.914

内容を開く

想定日: 2031-07-30
year: 4.728268309377
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.327942615
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1102631361.501
old_cohort_shares_after_event: 1018917761.914

内容を開く

想定日: 2031-08-20
year: 4.785763175907
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.327942615
record_date: 2031-08-21
payment_date: 2031-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1018917761.914
issued_shares_eligible_at_ex_date: 1102631361.501
ordinary_issued_after_event: 1102631361.501
old_cohort_shares_after_event: 1018917761.914

内容を開く

想定日: 2031-08-21
year: 4.788501026694
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: interim
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1102631361.501
old_cohort_shares_after_event: 1018917761.914

内容を開く

想定日: 2031-09-15
year: 4.856947296372
金額: 3.341465553
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2031-08-20
assumed_dps_eur: 0.327942615
company_dividend_cash_outflow_oku: 3.615998121
old_holder_remaining_shares_today: 1018917761.914
ordinary_issued_after_event: 1102631361.501
old_cohort_shares_after_event: 1018917761.914

内容を開く

想定日: 2031-10-15
year: 4.939082819986
金額: 0.785466592
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.85
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 18.4002615
company_cash_paid_oku: 0.85
issuer_shares_cancelled: 4619499.557
old_holder_shares_tendered: 4268779.498
old_holder_fraction_pre_buyback: 0.924078343398
ordinary_issued_after_event: 1098011861.945
old_cohort_shares_after_event: 1014648982.417

annual_full_year_terminal_runrate

内容を開く

fee_revenue_oku: 23.416539173
fpaum_end_billion_eur: 260.128451535
fee_margin_excluding_SBC: 0.57
gross_carry_oku: 5
gross_investment_income_oku: 2.148887535
sbc_annual_oku: 0.308798439
DA_full_year_oku: 1.835524132
maintenance_capex_full_year_oku: 0.25
GP_commitment_net_investment_full_year_oku: 0.37

audit_residuals

内容を開く

income_statement: 0
parent_equity: 0
nci_equity: 0
gross_debt: 0
restricted_NCI_cash: 0
cash: 0
発行済株式数: 0
old_holder_shares: 0
holder_cash: 0
GP_owner_NAV: 0
carry_receivable: 0
total_balance_proxy: -0

内容を開く

period_id

fy_2032

fiscal_year

2032

period_start

2032-01-01

期間末

2032-12-31

opening_balance_date

2031-12-31

period_days

366

full_year_day_denominator

366

fraction_of_fiscal_year

data_status

scenario_forecast_full_year

business_driver

内容を開く

fpaum_opening_billion_eur: 260.128452
fpaum_closing_billion_eur: 271.313975
effective_management_fee_rate_assumed: 0.0092
annualized_fee_related_revenue_oku: 24.446351618
annualized_gross_carry_oku: 5.4
annualized_gross_investment_income_oku: 2.350398538
fee_operating_margin_before_sbc_assumed: 0.57

income_oku

内容を開く

management_fees_and_fee_related_performance_revenue: 24.446351618
gross_carried_interest_performance_revenue: 5.4
investment_income_including_fund_nci: 2.350398538
other_operating_income: 0.03
ifrs_total_revenue: 32.226750156
fee_related_cash_operating_cost_excluding_sbc: 10.511931196
performance_linked_personnel_cost: 3.132
sbc_expense_left_in_ifrs_profit: 0.319606385
earnings_before_depreciation_finance_and_tax: 18.263212576
depreciation_and_amortization: 1.857550422
ifrs_operating_profit: 16.405662154
net_finance_expense: 0.441888371
ifrs_profit_before_tax: 15.963773782
cash_and_deferred_tax_expense_assumption: 3.192754756
ifrs_consolidated_profit: 12.771019026
nci_profit_fund_investments: 1.034175357
nci_profit_dif_remaining_interest: 0
nci_profit_marathon_subco: 0
ifrs_noncontrolling_profit_total: 1.034175357
ifrs_parent_attributable_profit_after_sbc: 11.736843669
ifrs_parent_profit_annualized_for_comparison: 11.736843669

owner_cash_bridge_oku

内容を開く

consolidated_ifrs_profit_after_tax: 12.771019026
noncash_sbc_addback_to_company_cash_only: 0.319606385
noncash_DA_addback_to_company_cash: 1.857550422
unrealized_investment_gains_removed_from_cash: 2.350398538
carry_income_recognized_in_ifrs: 5.4
assumed_carry_cash_collected: 4.752
carry_current_year_accrual_cash_collected_only: 4.752
carry_prior_year_vintage_cash_collected_assumed: 0
carry_additional_company_partner_bonus_assumed_cash_paid_on_accrual: 3.132
carry_tax_component_assumed_paid_on_accrual: 0.4536
total_income_tax_expense_assumed_paid_as_cash_in_period: 3.192754756
carry_receivable_book_is_company_IFRS_entitlement_not_external_employee_carry: はい
carry_receivable_growth_deducted: 0.648
maintenance_cash_capex: 0.25
gp_commitment_net_cash_deployment: 0.37
consolidated_cash_available_before_distributions_debt: 11.329777295
not_pretended_to_be_ifrs_reported_cash_flow: はい

company_cash_oku

内容を開く

begin: 18.055969052
owner_free_cash_before_holder_and_nci_distributions: 11.329777295
parent_dividend_cash_outflow: 7.183693383
issuer_share_repurchase_cash_outflow: 0.86275
noncontrolling_distributions: 0
noncontrolling_fund_contributions: 0.1
marathon_earnout_cash_to_sellers: 0
company_funded_SIF_replenishment_total_company_outflow: 0.319606385
restricted_noncontrolling_cash_begin: 0.545243151
restricted_noncontrolling_cash_end: 0.589743151
available_parent_cash_end: 20.179953428
debt_cash_repayment: 0.35
new_debt_cash_drawing: 0
end: 20.769696579

financial_debt_oku

内容を開く

begin: 20.58
debt_drawn_cash: 0
cash_repayment: 0.35
end: 20.23
net_debt_end: -0.539696579

assets_and_nci_oku

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owner_gp_investment_nav_begin: 17.253273328
owner_gp_investment_NAV_end: 18.883996509
owner_share_investment_fv_gain: 1.316223181
owner_share_gp_new_investment_cash: 0.3145
nci_owned_investment_NAV_begin: 12.126708398
nci_owned_investment_NAV_end: 13.216383755
nci_share_investment_fv_gain: 1.034175357
nci_share_gp_new_investment_cash: 0.0555
accrued_carry_receivable_begin: 7.347287671
accrued_carry_receivable_end: 7.995287671
dif_forward_liability_begin: 0
dif_forward_liability_non_cash_settlement: 0
dif_forward_liability_end: 0
other_net_assets_minus_other_net_liabilities_proxy_end: 20.520661016

親会社持分（億）

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begin: 46.559498338
parent_ifrs_net_profit: 11.736843669
equity_settled_SBC_credit_noncash: 0.319606385
cash_dividends_declared_and_assumed_paid: 7.183693383
company_cash_buybacks: 0.86275
reclassification_from_acquired_nci: 0
dif_forward_liability_settled_into_equity_noncash: 0
earnout_new_share_equity_credit_with_goodwill_noncash: 0
company_cash_funded_SIF_market_purchase_equity_deduction: 0.319606385
end: 50.249898625

noncontrolling_equity_oku

内容を開く

begin: 9.771951548
noncontrolling_net_profit: 1.034175357
distributions_paid: 0
capital_contributions: 0.1
converted_into_parent_equity_noncash: 0
end: 10.906126905

株数

内容を開く

issued_and_outstanding_begin: 1098011861.945
new_ordinary_shares_for_dif_marathon: 0
issuer_bought_and_cancelled: 4465068.882
issued_and_outstanding_end: 1093546793.063
employee_SIF_old_shares_delivered_existing_no_new_issuance_shares: 0
employee_share_issuance_shares: 0
old_holder_cohort_shares_begin: 1014648982.417
old_holder_cohort_shares_pro_rata_tendered: 4119754.807
old_holder_cohort_shares_sold_to_company_funded_SIF: 1553828.384
old_holder_cohort_shares_end: 1008975399.226
old_holder_fraction_end: 0.922663214438

holder_annual_cash_oku

内容を開く

dividends_to_original_shareholder_cohort: 6.63297051
pro_rata_tender_cash_to_original_shareholder_cohort: 0.796027688
company_funded_SIF_market_purchase_cash_to_original_shareholder_cohort: 0.295341339
total_cash_to_original_shareholder_cohort: 7.724339537

company_dividend_buyback_comparison

内容を開く

company_dividends_oku: 7.183693383
company_buybacks_oku: 0.86275
sbc_non_cash_event_amount: 0
SIF_company_cash_market_purchase_distinct_from_issuer_repurchase: 0.319606385

SIF_seller_liquidity_ledger

内容を開く

company_funded_SIF_purchase_oku: 0.319606385
old_cohort_seller_policy: pro_rata
actual_external_unlocked_tradable_shares_known: いいえ
externally_sellable_shares_primary_source_verified: 未確認
outside_pool_cumulative_sale_capacity_without_lockup_unverified: はい
Marathon_exchange_shares_subject_to_contractual_lockup: はい
日付: 2032-06-14
purchase_price_eur_assumed: 19.0073332
required_shares: 1681489.881
outsider_shares_raw_before_event: 83362879.528
raw_coverage_ratio: 49.5767952
outsider_only_raw_stock_feasible: はい
outsider_only_verified_saleable_stock_feasible: 未確認
outsider_only_verified_feasibility_reason: no primary source verifies freely sellable Marathon/DIF exchange shares in this period
oldholder_shares_sold_baseline: 1553828.384
oldholder_cash_inflow_oku: 0.295341339
oldholder_fraction_pre_SIF: 0.924078343398

carry_recognized_cash_and_tax_timing_oku

内容を開く

carry_receivable_begin: 7.347287671
IFRS_company_carry_recognized: 5.4
same_vintage_cash_collected: 4.752
prior_vintage_collection_modeled: 0
carry_receivable_end: 7.995287671
company_internal_partner_bonus_recognized_and_assumed_cash_paid: 3.132
corporate_tax_on_carry_after_bonus_recognized_and_assumed_cash_paid: 0.4536
other_corporate_income_tax_assumed_cash_paid: 2.739154756
total_company_tax_model_assumed_cash_paid: 3.192754756
partner_compensation_timing_reported_or_assumed: assumed cash paid in accrual period; not proven from issuer financials
tax_cash_settlement_reported_or_assumed: assumed cash paid in accrual period; issuer deferred/current split unverified

year_scheduled_events

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想定日: 2032-03-09
year: 5.338809034908
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.311545484
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1098011861.945
old_cohort_shares_after_event: 1014648982.417

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想定日: 2032-05-14
year: 5.519507186858
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.311545484
record_date: 2032-05-17
payment_date: 2032-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1014648982.417
issued_shares_eligible_at_ex_date: 1098011861.945
ordinary_issued_after_event: 1098011861.945
old_cohort_shares_after_event: 1014648982.417

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想定日: 2032-05-17
year: 5.52772073922
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: final
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1098011861.945
old_cohort_shares_after_event: 1014648982.417

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想定日: 2032-06-11
year: 5.596167008898
金額: 3.161093083
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2032-05-14
assumed_dps_eur: 0.311545484
company_dividend_cash_outflow_oku: 3.42080637
old_holder_remaining_shares_today: 1014648982.417
ordinary_issued_after_event: 1098011861.945
old_cohort_shares_after_event: 1014648982.417

内容を開く

想定日: 2032-06-14
year: 5.604380561259
金額: 0.295341339
種類: assumed_SIF_market_purchase_and_oldholder_sale
date_status: scenario_assumption
company_cash_purchase_cost_oku: 0.319606385
not_issuer_cancelled: はい
not_confirmed_by_CVC: はい
old_holder_shares_sold_to_funded_SIF: 1553828.384
SIF_share_purchase_quantity: 1681489.881
SIF_purchase_execution_price_eur_assumed: 19.0073332
external_shares_outside_cohort_before_trade_raw: 83362879.528
external_coverage_raw_unrestricted_stock_multiple: 49.576795
outside_only_raw_quantity_feasible: はい
outside_only_genuinely_saleable_lockup_adjusted_feasibility: unverified
SIF_purchase_cash_paid_by_company_oku: 0.319606385
SIF_purchase_is_issuer_cancellation: いいえ
SIF_acquired_shares_assumed_delivered_to_employee_no_issuer_stock_change: はい
seller_policy_scenario_assumed: pro_rata
ordinary_issued_after_event: 1098011861.945
old_cohort_shares_after_event: 1013095154.033

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想定日: 2032-06-15
year: 5.607118412047
金額: 0
種類: sbc_existing_SIF_shares_delivery_non_cash
date_status: scenario_assumption
new_ordinary_shares: 0
trust_funding_not_proven: はい
ordinary_issued_after_event: 1098011861.945
old_cohort_shares_after_event: 1013095154.033

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想定日: 2032-07-30
year: 5.730321697467
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.342700033
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1098011861.945
old_cohort_shares_after_event: 1013095154.033

内容を開く

想定日: 2032-08-20
year: 5.787816563997
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.342700033
record_date: 2032-08-23
payment_date: 2032-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1013095154.033
issued_shares_eligible_at_ex_date: 1098011861.945
ordinary_issued_after_event: 1098011861.945
old_cohort_shares_after_event: 1013095154.033

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想定日: 2032-08-23
year: 5.796030116359
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: interim
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1098011861.945
old_cohort_shares_after_event: 1013095154.033

内容を開く

想定日: 2032-09-15
year: 5.859000684463
金額: 3.471877427
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2032-08-20
assumed_dps_eur: 0.342700033
company_dividend_cash_outflow_oku: 3.762887013
old_holder_remaining_shares_today: 1013095154.033
ordinary_issued_after_event: 1098011861.945
old_cohort_shares_after_event: 1013095154.033

内容を開く

想定日: 2032-10-15
year: 5.941136208077
金額: 0.796027688
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.86275
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 19.3222103
company_cash_paid_oku: 0.86275
issuer_shares_cancelled: 4465068.882
old_holder_shares_tendered: 4119754.807
old_holder_fraction_pre_buyback: 0.922663214438
ordinary_issued_after_event: 1093546793.063
old_cohort_shares_after_event: 1008975399.226

annual_full_year_terminal_runrate

内容を開く

fee_revenue_oku: 24.446351618
fpaum_end_billion_eur: 271.313974951
fee_margin_excluding_SBC: 0.57
gross_carry_oku: 5.4
gross_investment_income_oku: 2.350398538
sbc_annual_oku: 0.319606385
DA_full_year_oku: 1.857550422
maintenance_capex_full_year_oku: 0.25
GP_commitment_net_investment_full_year_oku: 0.37

audit_residuals

内容を開く

income_statement: 0
parent_equity: 0
nci_equity: 0
gross_debt: 0
restricted_NCI_cash: 0
cash: 0
発行済株式数: 0
old_holder_shares: 0
holder_cash: 0
GP_owner_NAV: 0
carry_receivable: 0
total_balance_proxy: -0

内容を開く

period_id

fy_2033

fiscal_year

2033

period_start

2033-01-01

期間末

2033-12-31

opening_balance_date

2032-12-31

period_days

365

full_year_day_denominator

365

fraction_of_fiscal_year

data_status

scenario_forecast_full_year

business_driver

内容を開く

fpaum_opening_billion_eur: 271.313975
fpaum_closing_billion_eur: 282.437848
effective_management_fee_rate_assumed: 0.0092
annualized_fee_related_revenue_oku: 25.472583852
annualized_gross_carry_oku: 5.9
annualized_gross_investment_income_oku: 2.568030421
fee_operating_margin_before_sbc_assumed: 0.57

income_oku

内容を開く

management_fees_and_fee_related_performance_revenue: 25.472583852
gross_carried_interest_performance_revenue: 5.9
investment_income_including_fund_nci: 2.568030421
other_operating_income: 0.03
ifrs_total_revenue: 33.970614273
fee_related_cash_operating_cost_excluding_sbc: 10.953211056
performance_linked_personnel_cost: 3.422
sbc_expense_left_in_ifrs_profit: 0.330792608
earnings_before_depreciation_finance_and_tax: 19.264610609
depreciation_and_amortization: 1.879841027
ifrs_operating_profit: 17.384769582
net_finance_expense: 0.398123641
ifrs_profit_before_tax: 16.986645941
cash_and_deferred_tax_expense_assumption: 3.397329188
ifrs_consolidated_profit: 13.589316752
nci_profit_fund_investments: 1.129933385
nci_profit_dif_remaining_interest: 0
nci_profit_marathon_subco: 0
ifrs_noncontrolling_profit_total: 1.129933385
ifrs_parent_attributable_profit_after_sbc: 12.459383367
ifrs_parent_profit_annualized_for_comparison: 12.459383367

owner_cash_bridge_oku

内容を開く

consolidated_ifrs_profit_after_tax: 13.589316752
noncash_sbc_addback_to_company_cash_only: 0.330792608
noncash_DA_addback_to_company_cash: 1.879841027
unrealized_investment_gains_removed_from_cash: 2.568030421
carry_income_recognized_in_ifrs: 5.9
assumed_carry_cash_collected: 5.192
carry_current_year_accrual_cash_collected_only: 5.192
carry_prior_year_vintage_cash_collected_assumed: 0
carry_additional_company_partner_bonus_assumed_cash_paid_on_accrual: 3.422
carry_tax_component_assumed_paid_on_accrual: 0.4956
total_income_tax_expense_assumed_paid_as_cash_in_period: 3.397329188
carry_receivable_book_is_company_IFRS_entitlement_not_external_employee_carry: はい
carry_receivable_growth_deducted: 0.708
maintenance_cash_capex: 0.25
gp_commitment_net_cash_deployment: 0.37
consolidated_cash_available_before_distributions_debt: 11.903919967
not_pretended_to_be_ifrs_reported_cash_flow: はい

company_cash_oku

内容を開く

begin: 20.769696579
owner_free_cash_before_holder_and_nci_distributions: 11.903919967
parent_dividend_cash_outflow: 7.476432506
issuer_share_repurchase_cash_outflow: 0.87569125
noncontrolling_distributions: 0
noncontrolling_fund_contributions: 0.1
marathon_earnout_cash_to_sellers: 0
company_funded_SIF_replenishment_total_company_outflow: 0.330792608
restricted_noncontrolling_cash_begin: 0.589743151
restricted_noncontrolling_cash_end: 0.634243151
available_parent_cash_end: 23.10645703
debt_cash_repayment: 0.35
new_debt_cash_drawing: 0
end: 23.740700181

financial_debt_oku

内容を開く

begin: 20.23
debt_drawn_cash: 0
cash_repayment: 0.35
end: 19.88
net_debt_end: -3.860700181

assets_and_nci_oku

内容を開く

owner_gp_investment_nav_begin: 18.883996509
owner_gp_investment_NAV_end: 20.636593545
owner_share_investment_fv_gain: 1.438097036
owner_share_gp_new_investment_cash: 0.3145
nci_owned_investment_NAV_begin: 13.216383755
nci_owned_investment_NAV_end: 14.40181714
nci_share_investment_fv_gain: 1.129933385
nci_share_gp_new_investment_cash: 0.0555
accrued_carry_receivable_begin: 7.995287671
accrued_carry_receivable_end: 8.703287671
dif_forward_liability_begin: 0
dif_forward_liability_non_cash_settlement: 0
dif_forward_liability_end: 0
other_net_assets_minus_other_net_liabilities_proxy_end: 18.890819989

親会社持分（億）

内容を開く

begin: 50.249898625
parent_ifrs_net_profit: 12.459383367
equity_settled_SBC_credit_noncash: 0.330792608
cash_dividends_declared_and_assumed_paid: 7.476432506
company_cash_buybacks: 0.87569125
reclassification_from_acquired_nci: 0
dif_forward_liability_settled_into_equity_noncash: 0
earnout_new_share_equity_credit_with_goodwill_noncash: 0
company_cash_funded_SIF_market_purchase_equity_deduction: 0.330792608
end: 54.357158236

noncontrolling_equity_oku

内容を開く

begin: 10.906126905
noncontrolling_net_profit: 1.129933385
distributions_paid: 0
capital_contributions: 0.1
converted_into_parent_equity_noncash: 0
end: 12.13606029

株数

内容を開く

issued_and_outstanding_begin: 1093546793.063
new_ordinary_shares_for_dif_marathon: 0
issuer_bought_and_cancelled: 4316954.017
issued_and_outstanding_end: 1089229839.046
employee_SIF_old_shares_delivered_existing_no_new_issuance_shares: 0
employee_share_issuance_shares: 0
old_holder_cohort_shares_begin: 1008975399.226
old_holder_cohort_shares_pro_rata_tendered: 3977057.365
old_holder_cohort_shares_sold_to_company_funded_SIF: 1529336.373
old_holder_cohort_shares_end: 1003469005.487
old_holder_fraction_end: 0.921264704212

holder_annual_cash_oku

内容を開く

dividends_to_original_shareholder_cohort: 6.892752366
pro_rata_tender_cash_to_original_shareholder_cohort: 0.80674344
company_funded_SIF_market_purchase_cash_to_original_shareholder_cohort: 0.305210171
total_cash_to_original_shareholder_cohort: 8.004705977

company_dividend_buyback_comparison

内容を開く

company_dividends_oku: 7.476432506
company_buybacks_oku: 0.87569125
sbc_non_cash_event_amount: 0
SIF_company_cash_market_purchase_distinct_from_issuer_repurchase: 0.330792608

SIF_seller_liquidity_ledger

内容を開く

company_funded_SIF_purchase_oku: 0.330792608
old_cohort_seller_policy: pro_rata
actual_external_unlocked_tradable_shares_known: いいえ
externally_sellable_shares_primary_source_verified: 未確認
outside_pool_cumulative_sale_capacity_without_lockup_unverified: はい
Marathon_exchange_shares_subject_to_contractual_lockup: はい
日付: 2033-06-14
purchase_price_eur_assumed: 19.9570334
required_shares: 1657523.947
outsider_shares_raw_before_event: 84571393.837
raw_coverage_ratio: 51.0227282
outsider_only_raw_stock_feasible: はい
outsider_only_verified_saleable_stock_feasible: 未確認
outsider_only_verified_feasibility_reason: no primary source verifies freely sellable Marathon/DIF exchange shares in this period
oldholder_shares_sold_baseline: 1529336.373
oldholder_cash_inflow_oku: 0.305210171
oldholder_fraction_pre_SIF: 0.922663214438

carry_recognized_cash_and_tax_timing_oku

内容を開く

carry_receivable_begin: 7.995287671
IFRS_company_carry_recognized: 5.9
same_vintage_cash_collected: 5.192
prior_vintage_collection_modeled: 0
carry_receivable_end: 8.703287671
company_internal_partner_bonus_recognized_and_assumed_cash_paid: 3.422
corporate_tax_on_carry_after_bonus_recognized_and_assumed_cash_paid: 0.4956
other_corporate_income_tax_assumed_cash_paid: 2.901729188
total_company_tax_model_assumed_cash_paid: 3.397329188
partner_compensation_timing_reported_or_assumed: assumed cash paid in accrual period; not proven from issuer financials
tax_cash_settlement_reported_or_assumed: assumed cash paid in accrual period; issuer deferred/current split unverified

year_scheduled_events

内容を開く

想定日: 2033-03-09
year: 6.338124572211
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.325565031
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1093546793.063
old_cohort_shares_after_event: 1008975399.226

内容を開く

想定日: 2033-05-13
year: 6.516084873374
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.325565031
record_date: 2033-05-16
payment_date: 2033-06-13
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1008975399.226
issued_shares_eligible_at_ex_date: 1093546793.063
ordinary_issued_after_event: 1093546793.063
old_cohort_shares_after_event: 1008975399.226

内容を開く

想定日: 2033-05-16
year: 6.524298425736
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: final
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1093546793.063
old_cohort_shares_after_event: 1008975399.226

内容を開く

想定日: 2033-06-13
year: 6.600958247775
金額: 3.284871071
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2033-05-13
assumed_dps_eur: 0.325565031
company_dividend_cash_outflow_oku: 3.560205956
old_holder_remaining_shares_today: 1008975399.226
ordinary_issued_after_event: 1093546793.063
old_cohort_shares_after_event: 1008975399.226

内容を開く

想定日: 2033-06-14
year: 6.603696098563
金額: 0.305210171
種類: assumed_SIF_market_purchase_and_oldholder_sale
date_status: scenario_assumption
company_cash_purchase_cost_oku: 0.330792608
not_issuer_cancelled: はい
not_confirmed_by_CVC: はい
old_holder_shares_sold_to_funded_SIF: 1529336.373
SIF_share_purchase_quantity: 1657523.947
SIF_purchase_execution_price_eur_assumed: 19.9570334
external_shares_outside_cohort_before_trade_raw: 84571393.837
external_coverage_raw_unrestricted_stock_multiple: 51.022728
outside_only_raw_quantity_feasible: はい
outside_only_genuinely_saleable_lockup_adjusted_feasibility: unverified
SIF_purchase_cash_paid_by_company_oku: 0.330792608
SIF_purchase_is_issuer_cancellation: いいえ
SIF_acquired_shares_assumed_delivered_to_employee_no_issuer_stock_change: はい
seller_policy_scenario_assumed: pro_rata
ordinary_issued_after_event: 1093546793.063
old_cohort_shares_after_event: 1007446062.853

内容を開く

想定日: 2033-06-15
year: 6.60643394935
金額: 0
種類: sbc_existing_SIF_shares_delivery_non_cash
date_status: scenario_assumption
new_ordinary_shares: 0
trust_funding_not_proven: はい
ordinary_issued_after_event: 1093546793.063
old_cohort_shares_after_event: 1007446062.853

内容を開く

想定日: 2033-08-01
year: 6.735112936345
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.358121534
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1093546793.063
old_cohort_shares_after_event: 1007446062.853

内容を開く

想定日: 2033-08-19
year: 6.784394250513
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.358121534
record_date: 2033-08-22
payment_date: 2033-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1007446062.853
issued_shares_eligible_at_ex_date: 1093546793.063
ordinary_issued_after_event: 1093546793.063
old_cohort_shares_after_event: 1007446062.853

内容を開く

想定日: 2033-08-22
year: 6.792607802875
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: interim
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1093546793.063
old_cohort_shares_after_event: 1007446062.853

内容を開く

想定日: 2033-09-15
year: 6.858316221766
金額: 3.607881295
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2033-08-19
assumed_dps_eur: 0.358121534
company_dividend_cash_outflow_oku: 3.91622655
old_holder_remaining_shares_today: 1007446062.853
ordinary_issued_after_event: 1093546793.063
old_cohort_shares_after_event: 1007446062.853

内容を開く

想定日: 2033-10-14
year: 6.937713894593
金額: 0.80674344
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.87569125
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 20.2849335
company_cash_paid_oku: 0.87569125
issuer_shares_cancelled: 4316954.017
old_holder_shares_tendered: 3977057.365
old_holder_fraction_pre_buyback: 0.921264704212
ordinary_issued_after_event: 1089229839.046
old_cohort_shares_after_event: 1003469005.487

annual_full_year_terminal_runrate

内容を開く

fee_revenue_oku: 25.472583852
fpaum_end_billion_eur: 282.437847924
fee_margin_excluding_SBC: 0.57
gross_carry_oku: 5.9
gross_investment_income_oku: 2.568030421
sbc_annual_oku: 0.330792608
DA_full_year_oku: 1.879841027
maintenance_capex_full_year_oku: 0.25
GP_commitment_net_investment_full_year_oku: 0.37

audit_residuals

内容を開く

income_statement: 0
parent_equity: 0
nci_equity: 0
gross_debt: 0
restricted_NCI_cash: 0
cash: 0
発行済株式数: 0
old_holder_shares: 0
holder_cash: 0
GP_owner_NAV: 0
carry_receivable: 0
total_balance_proxy: 0

内容を開く

period_id

fy_2034

fiscal_year

2034

period_start

2034-01-01

期間末

2034-12-31

opening_balance_date

2033-12-31

period_days

365

full_year_day_denominator

365

fraction_of_fiscal_year

data_status

scenario_forecast_full_year

business_driver

内容を開く

fpaum_opening_billion_eur: 282.437848
fpaum_closing_billion_eur: 293.452924
effective_management_fee_rate_assumed: 0.0092
annualized_fee_related_revenue_oku: 26.490975508
annualized_gross_carry_oku: 6.4
annualized_gross_investment_income_oku: 2.803072855
fee_operating_margin_before_sbc_assumed: 0.57

income_oku

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management_fees_and_fee_related_performance_revenue: 26.490975508
gross_carried_interest_performance_revenue: 6.4
investment_income_including_fund_nci: 2.803072855
other_operating_income: 0.03
ifrs_total_revenue: 35.724048363
fee_related_cash_operating_cost_excluding_sbc: 11.391119469
performance_linked_personnel_cost: 3.712
sbc_expense_left_in_ifrs_profit: 0.34237035
earnings_before_depreciation_finance_and_tax: 20.278558545
depreciation_and_amortization: 1.902399119
ifrs_operating_profit: 18.376159426
net_finance_expense: 0.351271598
ifrs_profit_before_tax: 18.024887828
cash_and_deferred_tax_expense_assumption: 3.604977566
ifrs_consolidated_profit: 14.419910262
nci_profit_fund_investments: 1.233352056
nci_profit_dif_remaining_interest: 0
nci_profit_marathon_subco: 0
ifrs_noncontrolling_profit_total: 1.233352056
ifrs_parent_attributable_profit_after_sbc: 13.186558206
ifrs_parent_profit_annualized_for_comparison: 13.186558206

owner_cash_bridge_oku

内容を開く

consolidated_ifrs_profit_after_tax: 14.419910262
noncash_sbc_addback_to_company_cash_only: 0.34237035
noncash_DA_addback_to_company_cash: 1.902399119
unrealized_investment_gains_removed_from_cash: 2.803072855
carry_income_recognized_in_ifrs: 6.4
assumed_carry_cash_collected: 5.632
carry_current_year_accrual_cash_collected_only: 5.632
carry_prior_year_vintage_cash_collected_assumed: 0
carry_additional_company_partner_bonus_assumed_cash_paid_on_accrual: 3.712
carry_tax_component_assumed_paid_on_accrual: 0.5376
total_income_tax_expense_assumed_paid_as_cash_in_period: 3.604977566
carry_receivable_book_is_company_IFRS_entitlement_not_external_employee_carry: はい
carry_receivable_growth_deducted: 0.768
maintenance_cash_capex: 0.25
gp_commitment_net_cash_deployment: 0.37
consolidated_cash_available_before_distributions_debt: 12.473606876
not_pretended_to_be_ifrs_reported_cash_flow: はい

company_cash_oku

内容を開く

begin: 23.740700181
owner_free_cash_before_holder_and_nci_distributions: 12.473606876
parent_dividend_cash_outflow: 7.782029391
issuer_share_repurchase_cash_outflow: 0.888826619
noncontrolling_distributions: 0
noncontrolling_fund_contributions: 0.1
marathon_earnout_cash_to_sellers: 0
company_funded_SIF_replenishment_total_company_outflow: 0.34237035
restricted_noncontrolling_cash_begin: 0.634243151
restricted_noncontrolling_cash_end: 0.678743151
available_parent_cash_end: 26.272337547
debt_cash_repayment: 0.35
new_debt_cash_drawing: 0
end: 26.951080698

financial_debt_oku

内容を開く

begin: 19.88
debt_drawn_cash: 0
cash_repayment: 0.35
end: 19.53
net_debt_end: -7.421080698

assets_and_nci_oku

内容を開く

owner_gp_investment_nav_begin: 20.636593545
owner_gp_investment_NAV_end: 22.520814344
owner_share_investment_fv_gain: 1.569720799
owner_share_gp_new_investment_cash: 0.3145
nci_owned_investment_NAV_begin: 14.40181714
nci_owned_investment_NAV_end: 15.690669196
nci_share_investment_fv_gain: 1.233352056
nci_share_gp_new_investment_cash: 0.0555
accrued_carry_receivable_begin: 8.703287671
accrued_carry_receivable_end: 9.471287671
dif_forward_liability_begin: 0
dif_forward_liability_non_cash_settlement: 0
dif_forward_liability_end: 0
other_net_assets_minus_other_net_liabilities_proxy_end: 17.23842087

親会社持分（億）

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begin: 54.357158236
parent_ifrs_net_profit: 13.186558206
equity_settled_SBC_credit_noncash: 0.34237035
cash_dividends_declared_and_assumed_paid: 7.782029391
company_cash_buybacks: 0.888826619
reclassification_from_acquired_nci: 0
dif_forward_liability_settled_into_equity_noncash: 0
earnout_new_share_equity_credit_with_goodwill_noncash: 0
company_cash_funded_SIF_market_purchase_equity_deduction: 0.34237035
end: 58.872860432

noncontrolling_equity_oku

内容を開く

begin: 12.13606029
noncontrolling_net_profit: 1.233352056
distributions_paid: 0
capital_contributions: 0.1
converted_into_parent_equity_noncash: 0
end: 13.469412347

株数

内容を開く

issued_and_outstanding_begin: 1089229839.046
new_ordinary_shares_for_dif_marathon: 0
issuer_bought_and_cancelled: 4173752.406
issued_and_outstanding_end: 1085056086.64
employee_SIF_old_shares_delivered_existing_no_new_issuance_shares: 0
employee_share_issuance_shares: 0
old_holder_cohort_shares_begin: 1003469005.487
old_holder_cohort_shares_pro_rata_tendered: 3839362.886
old_holder_cohort_shares_sold_to_company_funded_SIF: 1505254.032
old_holder_cohort_shares_end: 998124388.57
old_holder_fraction_end: 0.919882760771

holder_annual_cash_oku

内容を開く

dividends_to_original_shareholder_cohort: 7.163675788
pro_rata_tender_cash_to_original_shareholder_cohort: 0.817616284
company_funded_SIF_market_purchase_cash_to_original_shareholder_cohort: 0.315413719
total_cash_to_original_shareholder_cohort: 8.296705791

company_dividend_buyback_comparison

内容を開く

company_dividends_oku: 7.782029391
company_buybacks_oku: 0.888826619
sbc_non_cash_event_amount: 0
SIF_company_cash_market_purchase_distinct_from_issuer_repurchase: 0.34237035

SIF_seller_liquidity_ledger

内容を開く

company_funded_SIF_purchase_oku: 0.34237035
old_cohort_seller_policy: pro_rata
actual_external_unlocked_tradable_shares_known: いいえ
externally_sellable_shares_primary_source_verified: 未確認
outside_pool_cumulative_sale_capacity_without_lockup_unverified: はい
Marathon_exchange_shares_subject_to_contractual_lockup: はい
日付: 2034-06-14
purchase_price_eur_assumed: 20.9541853
required_shares: 1633899.6
outsider_shares_raw_before_event: 85760833.559
raw_coverage_ratio: 52.4884354
outsider_only_raw_stock_feasible: はい
outsider_only_verified_saleable_stock_feasible: 未確認
outsider_only_verified_feasibility_reason: no primary source verifies freely sellable Marathon/DIF exchange shares in this period
oldholder_shares_sold_baseline: 1505254.032
oldholder_cash_inflow_oku: 0.315413719
oldholder_fraction_pre_SIF: 0.921264704212

carry_recognized_cash_and_tax_timing_oku

内容を開く

carry_receivable_begin: 8.703287671
IFRS_company_carry_recognized: 6.4
same_vintage_cash_collected: 5.632
prior_vintage_collection_modeled: 0
carry_receivable_end: 9.471287671
company_internal_partner_bonus_recognized_and_assumed_cash_paid: 3.712
corporate_tax_on_carry_after_bonus_recognized_and_assumed_cash_paid: 0.5376
other_corporate_income_tax_assumed_cash_paid: 3.067377566
total_company_tax_model_assumed_cash_paid: 3.604977566
partner_compensation_timing_reported_or_assumed: assumed cash paid in accrual period; not proven from issuer financials
tax_cash_settlement_reported_or_assumed: assumed cash paid in accrual period; issuer deferred/current split unverified

year_scheduled_events

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想定日: 2034-03-09
year: 7.337440109514
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.340215458
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1089229839.046
old_cohort_shares_after_event: 1003469005.487

内容を開く

想定日: 2034-05-12
year: 7.51266255989
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.340215458
record_date: 2034-05-15
payment_date: 2034-06-12
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1003469005.487
issued_shares_eligible_at_ex_date: 1089229839.046
ordinary_issued_after_event: 1089229839.046
old_cohort_shares_after_event: 1003469005.487

内容を開く

想定日: 2034-05-15
year: 7.520876112252
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: final
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1089229839.046
old_cohort_shares_after_event: 1003469005.487

内容を開く

想定日: 2034-06-12
year: 7.597535934292
金額: 3.413956673
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2034-05-12
assumed_dps_eur: 0.340215458
company_dividend_cash_outflow_oku: 3.705728286
old_holder_remaining_shares_today: 1003469005.487
ordinary_issued_after_event: 1089229839.046
old_cohort_shares_after_event: 1003469005.487

内容を開く

想定日: 2034-06-14
year: 7.603011635866
金額: 0.315413719
種類: assumed_SIF_market_purchase_and_oldholder_sale
date_status: scenario_assumption
company_cash_purchase_cost_oku: 0.34237035
not_issuer_cancelled: はい
not_confirmed_by_CVC: はい
old_holder_shares_sold_to_funded_SIF: 1505254.032
SIF_share_purchase_quantity: 1633899.6
SIF_purchase_execution_price_eur_assumed: 20.9541853
external_shares_outside_cohort_before_trade_raw: 85760833.559
external_coverage_raw_unrestricted_stock_multiple: 52.488435
outside_only_raw_quantity_feasible: はい
outside_only_genuinely_saleable_lockup_adjusted_feasibility: unverified
SIF_purchase_cash_paid_by_company_oku: 0.34237035
SIF_purchase_is_issuer_cancellation: いいえ
SIF_acquired_shares_assumed_delivered_to_employee_no_issuer_stock_change: はい
seller_policy_scenario_assumed: pro_rata
ordinary_issued_after_event: 1089229839.046
old_cohort_shares_after_event: 1001963751.456

内容を開く

想定日: 2034-06-15
year: 7.605749486653
金額: 0
種類: sbc_existing_SIF_shares_delivery_non_cash
date_status: scenario_assumption
new_ordinary_shares: 0
trust_funding_not_proven: はい
ordinary_issued_after_event: 1089229839.046
old_cohort_shares_after_event: 1001963751.456

内容を開く

想定日: 2034-07-31
year: 7.731690622861
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.374237003
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1089229839.046
old_cohort_shares_after_event: 1001963751.456

内容を開く

想定日: 2034-08-18
year: 7.780971937029
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.374237003
record_date: 2034-08-21
payment_date: 2034-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1001963751.456
issued_shares_eligible_at_ex_date: 1089229839.046
ordinary_issued_after_event: 1089229839.046
old_cohort_shares_after_event: 1001963751.456

内容を開く

想定日: 2034-08-21
year: 7.789185489391
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: interim
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1089229839.046
old_cohort_shares_after_event: 1001963751.456

内容を開く

想定日: 2034-09-15
year: 7.857631759069
金額: 3.749719115
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2034-08-18
assumed_dps_eur: 0.374237003
company_dividend_cash_outflow_oku: 4.076301105
old_holder_remaining_shares_today: 1001963751.456
ordinary_issued_after_event: 1089229839.046
old_cohort_shares_after_event: 1001963751.456

内容を開く

想定日: 2034-10-13
year: 7.934291581109
金額: 0.817616284
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.888826619
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 21.295624
company_cash_paid_oku: 0.888826619
issuer_shares_cancelled: 4173752.406
old_holder_shares_tendered: 3839362.886
old_holder_fraction_pre_buyback: 0.919882760771
ordinary_issued_after_event: 1085056086.64
old_cohort_shares_after_event: 998124388.57

annual_full_year_terminal_runrate

内容を開く

fee_revenue_oku: 26.490975508
fpaum_end_billion_eur: 293.452923993
fee_margin_excluding_SBC: 0.57
gross_carry_oku: 6.4
gross_investment_income_oku: 2.803072855
sbc_annual_oku: 0.34237035
DA_full_year_oku: 1.902399119
maintenance_capex_full_year_oku: 0.25
GP_commitment_net_investment_full_year_oku: 0.37

audit_residuals

内容を開く

income_statement: 0
parent_equity: 0
nci_equity: 0
gross_debt: 0
restricted_NCI_cash: 0
cash: 0
発行済株式数: 0
old_holder_shares: 0
holder_cash: 0
GP_owner_NAV: 0
carry_receivable: 0
total_balance_proxy: -0

内容を開く

period_id

fy_2035

fiscal_year

2035

period_start

2035-01-01

期間末

2035-12-31

opening_balance_date

2034-12-31

period_days

365

full_year_day_denominator

365

fraction_of_fiscal_year

data_status

scenario_forecast_full_year

business_driver

内容を開く

fpaum_opening_billion_eur: 293.452924
fpaum_closing_billion_eur: 304.310682
effective_management_fee_rate_assumed: 0.0092
annualized_fee_related_revenue_oku: 27.497125884
annualized_gross_carry_oku: 6.9
annualized_gross_investment_income_oku: 3.056918683
fee_operating_margin_before_sbc_assumed: 0.57

income_oku

内容を開く

management_fees_and_fee_related_performance_revenue: 27.497125884
gross_carried_interest_performance_revenue: 6.9
investment_income_including_fund_nci: 3.056918683
other_operating_income: 0.03
ifrs_total_revenue: 37.484044567
fee_related_cash_operating_cost_excluding_sbc: 11.82376413
performance_linked_personnel_cost: 4.002
sbc_expense_left_in_ifrs_profit: 0.354353312
earnings_before_depreciation_finance_and_tax: 21.303927125
depreciation_and_amortization: 1.925227909
ifrs_operating_profit: 19.378699217
net_finance_expense: 0.301547032
ifrs_profit_before_tax: 19.077152185
cash_and_deferred_tax_expense_assumption: 3.815430437
ifrs_consolidated_profit: 15.261721748
nci_profit_fund_investments: 1.345044221
nci_profit_dif_remaining_interest: 0
nci_profit_marathon_subco: 0
ifrs_noncontrolling_profit_total: 1.345044221
ifrs_parent_attributable_profit_after_sbc: 13.916677527
ifrs_parent_profit_annualized_for_comparison: 13.916677527

owner_cash_bridge_oku

内容を開く

consolidated_ifrs_profit_after_tax: 15.261721748
noncash_sbc_addback_to_company_cash_only: 0.354353312
noncash_DA_addback_to_company_cash: 1.925227909
unrealized_investment_gains_removed_from_cash: 3.056918683
carry_income_recognized_in_ifrs: 6.9
assumed_carry_cash_collected: 6.072
carry_current_year_accrual_cash_collected_only: 6.072
carry_prior_year_vintage_cash_collected_assumed: 0
carry_additional_company_partner_bonus_assumed_cash_paid_on_accrual: 4.002
carry_tax_component_assumed_paid_on_accrual: 0.5796
total_income_tax_expense_assumed_paid_as_cash_in_period: 3.815430437
carry_receivable_book_is_company_IFRS_entitlement_not_external_employee_carry: はい
carry_receivable_growth_deducted: 0.828
maintenance_cash_capex: 0.25
gp_commitment_net_cash_deployment: 0.37
consolidated_cash_available_before_distributions_debt: 13.036384285
not_pretended_to_be_ifrs_reported_cash_flow: はい

company_cash_oku

内容を開く

begin: 26.951080698
owner_free_cash_before_holder_and_nci_distributions: 13.036384285
parent_dividend_cash_outflow: 8.101059363
issuer_share_repurchase_cash_outflow: 0.902159018
noncontrolling_distributions: 0
noncontrolling_fund_contributions: 0.1
marathon_earnout_cash_to_sellers: 0
company_funded_SIF_replenishment_total_company_outflow: 0.354353312
restricted_noncontrolling_cash_begin: 0.678743151
restricted_noncontrolling_cash_end: 0.723243151
available_parent_cash_end: 29.656650139
debt_cash_repayment: 0.35
new_debt_cash_drawing: 0
end: 30.37989329

financial_debt_oku

内容を開く

begin: 19.53
debt_drawn_cash: 0
cash_repayment: 0.35
end: 19.18
net_debt_end: -11.19989329

assets_and_nci_oku

内容を開く

owner_gp_investment_nav_begin: 22.520814344
owner_gp_investment_NAV_end: 24.547188807
owner_share_investment_fv_gain: 1.711874463
owner_share_gp_new_investment_cash: 0.3145
nci_owned_investment_NAV_begin: 15.690669196
nci_owned_investment_NAV_end: 17.091213417
nci_share_investment_fv_gain: 1.345044221
nci_share_gp_new_investment_cash: 0.0555
accrued_carry_receivable_begin: 9.471287671
accrued_carry_receivable_end: 10.299287671
dif_forward_liability_begin: 0
dif_forward_liability_non_cash_settlement: 0
dif_forward_liability_end: 0
other_net_assets_minus_other_net_liabilities_proxy_end: 15.563192961

親会社持分（億）

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begin: 58.872860432
parent_ifrs_net_profit: 13.916677527
equity_settled_SBC_credit_noncash: 0.354353312
cash_dividends_declared_and_assumed_paid: 8.101059363
company_cash_buybacks: 0.902159018
reclassification_from_acquired_nci: 0
dif_forward_liability_settled_into_equity_noncash: 0
earnout_new_share_equity_credit_with_goodwill_noncash: 0
company_cash_funded_SIF_market_purchase_equity_deduction: 0.354353312
end: 63.786319578

noncontrolling_equity_oku

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begin: 13.469412347
noncontrolling_net_profit: 1.345044221
distributions_paid: 0
capital_contributions: 0.1
converted_into_parent_equity_noncash: 0
end: 14.914456567

株数

内容を開く

issued_and_outstanding_begin: 1085056086.64
new_ordinary_shares_for_dif_marathon: 0
issuer_bought_and_cancelled: 4033684.279
issued_and_outstanding_end: 1081022402.361
employee_SIF_old_shares_delivered_existing_no_new_issuance_shares: 0
employee_share_issuance_shares: 0
old_holder_cohort_shares_begin: 998124388.57
old_holder_cohort_shares_pro_rata_tendered: 3705008.894
old_holder_cohort_shares_sold_to_company_funded_SIF: 1481574.178
old_holder_cohort_shares_end: 992937805.498
old_holder_fraction_end: 0.918517325199

holder_annual_cash_oku

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dividends_to_original_shareholder_cohort: 7.446230747
pro_rata_tender_cash_to_original_shareholder_cohort: 0.828648688
company_funded_SIF_market_purchase_cash_to_original_shareholder_cohort: 0.325963503
total_cash_to_original_shareholder_cohort: 8.600842938

company_dividend_buyback_comparison

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company_dividends_oku: 8.101059363
company_buybacks_oku: 0.902159018
sbc_non_cash_event_amount: 0
SIF_company_cash_market_purchase_distinct_from_issuer_repurchase: 0.354353312

SIF_seller_liquidity_ledger

内容を開く

company_funded_SIF_purchase_oku: 0.354353312
old_cohort_seller_policy: pro_rata
actual_external_unlocked_tradable_shares_known: いいえ
externally_sellable_shares_primary_source_verified: 未確認
outside_pool_cumulative_sale_capacity_without_lockup_unverified: はい
Marathon_exchange_shares_subject_to_contractual_lockup: はい
日付: 2035-06-14
purchase_price_eur_assumed: 22.0011598
required_shares: 1610611.962
outsider_shares_raw_before_event: 86931698.07
raw_coverage_ratio: 53.9743279
outsider_only_raw_stock_feasible: はい
outsider_only_verified_saleable_stock_feasible: 未確認
outsider_only_verified_feasibility_reason: no primary source verifies freely sellable Marathon/DIF exchange shares in this period
oldholder_shares_sold_baseline: 1481574.178
oldholder_cash_inflow_oku: 0.325963503
oldholder_fraction_pre_SIF: 0.919882760771

carry_recognized_cash_and_tax_timing_oku

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carry_receivable_begin: 9.471287671
IFRS_company_carry_recognized: 6.9
same_vintage_cash_collected: 6.072
prior_vintage_collection_modeled: 0
carry_receivable_end: 10.299287671
company_internal_partner_bonus_recognized_and_assumed_cash_paid: 4.002
corporate_tax_on_carry_after_bonus_recognized_and_assumed_cash_paid: 0.5796
other_corporate_income_tax_assumed_cash_paid: 3.235830437
total_company_tax_model_assumed_cash_paid: 3.815430437
partner_compensation_timing_reported_or_assumed: assumed cash paid in accrual period; not proven from issuer financials
tax_cash_settlement_reported_or_assumed: assumed cash paid in accrual period; issuer deferred/current split unverified

year_scheduled_events

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想定日: 2035-03-09
year: 8.336755646817
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.355525153
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1085056086.64
old_cohort_shares_after_event: 998124388.57

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想定日: 2035-05-14
year: 8.517453798768
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.355525153
record_date: 2035-05-15
payment_date: 2035-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 998124388.57
issued_shares_eligible_at_ex_date: 1085056086.64
ordinary_issued_after_event: 1085056086.64
old_cohort_shares_after_event: 998124388.57

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想定日: 2035-05-15
year: 8.520191649555
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: final
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1085056086.64
old_cohort_shares_after_event: 998124388.57

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想定日: 2035-06-11
year: 8.594113620808
金額: 3.54858326
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2035-05-14
assumed_dps_eur: 0.355525153
company_dividend_cash_outflow_oku: 3.857647312
old_holder_remaining_shares_today: 998124388.57
ordinary_issued_after_event: 1085056086.64
old_cohort_shares_after_event: 998124388.57

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想定日: 2035-06-14
year: 8.602327173169
金額: 0.325963503
種類: assumed_SIF_market_purchase_and_oldholder_sale
date_status: scenario_assumption
company_cash_purchase_cost_oku: 0.354353312
not_issuer_cancelled: はい
not_confirmed_by_CVC: はい
old_holder_shares_sold_to_funded_SIF: 1481574.178
SIF_share_purchase_quantity: 1610611.962
SIF_purchase_execution_price_eur_assumed: 22.0011598
external_shares_outside_cohort_before_trade_raw: 86931698.07
external_coverage_raw_unrestricted_stock_multiple: 53.974328
outside_only_raw_quantity_feasible: はい
outside_only_genuinely_saleable_lockup_adjusted_feasibility: unverified
SIF_purchase_cash_paid_by_company_oku: 0.354353312
SIF_purchase_is_issuer_cancellation: いいえ
SIF_acquired_shares_assumed_delivered_to_employee_no_issuer_stock_change: はい
seller_policy_scenario_assumed: pro_rata
ordinary_issued_after_event: 1085056086.64
old_cohort_shares_after_event: 996642814.392

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想定日: 2035-06-15
year: 8.605065023956
金額: 0
種類: sbc_existing_SIF_shares_delivery_non_cash
date_status: scenario_assumption
new_ordinary_shares: 0
trust_funding_not_proven: はい
ordinary_issued_after_event: 1085056086.64
old_cohort_shares_after_event: 996642814.392

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想定日: 2035-07-30
year: 8.728268309377
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.391077669
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1085056086.64
old_cohort_shares_after_event: 996642814.392

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想定日: 2035-08-20
year: 8.785763175907
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.391077669
record_date: 2035-08-21
payment_date: 2035-09-17
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 996642814.392
issued_shares_eligible_at_ex_date: 1085056086.64
ordinary_issued_after_event: 1085056086.64
old_cohort_shares_after_event: 996642814.392

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想定日: 2035-08-21
year: 8.788501026694
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: interim
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1085056086.64
old_cohort_shares_after_event: 996642814.392

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想定日: 2035-09-17
year: 8.862422997947
金額: 3.897647487
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2035-08-20
assumed_dps_eur: 0.391077669
company_dividend_cash_outflow_oku: 4.243412051
old_holder_remaining_shares_today: 996642814.392
ordinary_issued_after_event: 1085056086.64
old_cohort_shares_after_event: 996642814.392

内容を開く

想定日: 2035-10-15
year: 8.939082819986
金額: 0.828648688
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.902159018
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 22.3656329
company_cash_paid_oku: 0.902159018
issuer_shares_cancelled: 4033684.279
old_holder_shares_tendered: 3705008.894
old_holder_fraction_pre_buyback: 0.918517325199
ordinary_issued_after_event: 1081022402.361
old_cohort_shares_after_event: 992937805.498

annual_full_year_terminal_runrate

内容を開く

fee_revenue_oku: 27.497125884
fpaum_end_billion_eur: 304.310682181
fee_margin_excluding_SBC: 0.57
gross_carry_oku: 6.9
gross_investment_income_oku: 3.056918683
sbc_annual_oku: 0.354353312
DA_full_year_oku: 1.925227909
maintenance_capex_full_year_oku: 0.25
GP_commitment_net_investment_full_year_oku: 0.37

audit_residuals

内容を開く

income_statement: 0
parent_equity: 0
nci_equity: 0
gross_debt: 0
restricted_NCI_cash: 0
cash: 0
発行済株式数: 0
old_holder_shares: 0
holder_cash: -0
GP_owner_NAV: 0
carry_receivable: 0
total_balance_proxy: 0

内容を開く

period_id

2036_final_partial_311days

fiscal_year

2036

period_start

2036-01-01

期間末

2036-11-06

opening_balance_date

2035-12-31

period_days

311

full_year_day_denominator

366

fraction_of_fiscal_year

0.849726775956

data_status

scenario_forecast_partial_period

business_driver

内容を開く

fpaum_opening_billion_eur: 304.310682
fpaum_closing_billion_eur: 314.961556
effective_management_fee_rate_assumed: 0.0092
annualized_fee_related_revenue_oku: 28.486522959
annualized_gross_carry_oku: 7.4
annualized_gross_investment_income_oku: 3.331072178
fee_operating_margin_before_sbc_assumed: 0.57

income_oku

内容を開く

management_fees_and_fee_related_performance_revenue: 24.205761312
gross_carried_interest_performance_revenue: 6.287978142
investment_income_including_fund_nci: 2.830501222
other_operating_income: 0.025491803
ifrs_total_revenue: 33.34973248
fee_related_cash_operating_cost_excluding_sbc: 10.408477364
performance_linked_personnel_cost: 3.647027322
sbc_expense_left_in_ifrs_profit: 0.31164212
earnings_before_depreciation_finance_and_tax: 18.982585673
depreciation_and_amortization: 1.655548716
ifrs_operating_profit: 17.327036957
net_finance_expense: 0.211753001
ifrs_profit_before_tax: 17.115283956
cash_and_deferred_tax_expense_assumption: 3.423056791
ifrs_consolidated_profit: 13.692227165
nci_profit_fund_investments: 1.245420538
nci_profit_dif_remaining_interest: 0
nci_profit_marathon_subco: 0
ifrs_noncontrolling_profit_total: 1.245420538
ifrs_parent_attributable_profit_after_sbc: 12.446806627
ifrs_parent_profit_annualized_for_comparison: 14.648010372

owner_cash_bridge_oku

内容を開く

consolidated_ifrs_profit_after_tax: 13.692227165
noncash_sbc_addback_to_company_cash_only: 0.31164212
noncash_DA_addback_to_company_cash: 1.655548716
unrealized_investment_gains_removed_from_cash: 2.830501222
carry_income_recognized_in_ifrs: 6.287978142
assumed_carry_cash_collected: 5.533420765
carry_current_year_accrual_cash_collected_only: 5.533420765
carry_prior_year_vintage_cash_collected_assumed: 0
carry_additional_company_partner_bonus_assumed_cash_paid_on_accrual: 3.647027322
carry_tax_component_assumed_paid_on_accrual: 0.528190164
total_income_tax_expense_assumed_paid_as_cash_in_period: 3.423056791
carry_receivable_book_is_company_IFRS_entitlement_not_external_employee_carry: はい
carry_receivable_growth_deducted: 0.754557377
maintenance_cash_capex: 0.212431694
gp_commitment_net_cash_deployment: 0.314398907
consolidated_cash_available_before_distributions_debt: 11.547528801
not_pretended_to_be_ifrs_reported_cash_flow: はい

company_cash_oku

内容を開く

begin: 30.37989329
owner_free_cash_before_holder_and_nci_distributions: 11.547528801
parent_dividend_cash_outflow: 8.434136232
issuer_share_repurchase_cash_outflow: 0.915691403
noncontrolling_distributions: 0
noncontrolling_fund_contributions: 0.084972678
marathon_earnout_cash_to_sellers: 0
company_funded_SIF_replenishment_total_company_outflow: 0.31164212
restricted_noncontrolling_cash_begin: 0.723243151
restricted_noncontrolling_cash_end: 0.761055992
available_parent_cash_end: 31.29246465
debt_cash_repayment: 0.297404372
new_debt_cash_drawing: 0
end: 32.053520642

financial_debt_oku

内容を開く

begin: 19.18
debt_drawn_cash: 0
cash_repayment: 0.297404372
end: 18.882595628
net_debt_end: -13.170925014

assets_and_nci_oku

内容を開く

owner_gp_investment_nav_begin: 24.547188807
owner_gp_investment_NAV_end: 26.399508562
owner_share_investment_fv_gain: 1.585080684
owner_share_gp_new_investment_cash: 0.267239071
nci_owned_investment_NAV_begin: 17.091213417
nci_owned_investment_NAV_end: 18.38379379
nci_share_investment_fv_gain: 1.245420538
nci_share_gp_new_investment_cash: 0.047159836
accrued_carry_receivable_begin: 10.299287671
accrued_carry_receivable_end: 11.053845048
dif_forward_liability_begin: 0
dif_forward_liability_non_cash_settlement: 0
dif_forward_liability_end: 0
other_net_assets_minus_other_net_liabilities_proxy_end: 14.120075939

親会社持分（億）

内容を開く

begin: 63.786319578
parent_ifrs_net_profit: 12.446806627
equity_settled_SBC_credit_noncash: 0.31164212
cash_dividends_declared_and_assumed_paid: 8.434136232
company_cash_buybacks: 0.915691403
reclassification_from_acquired_nci: 0
dif_forward_liability_settled_into_equity_noncash: 0
earnout_new_share_equity_credit_with_goodwill_noncash: 0
company_cash_funded_SIF_market_purchase_equity_deduction: 0.31164212
end: 66.88329857

noncontrolling_equity_oku

内容を開く

begin: 14.914456567
noncontrolling_net_profit: 1.245420538
distributions_paid: 0
capital_contributions: 0.084972678
converted_into_parent_equity_noncash: 0
end: 16.244849783

株数

内容を開く

issued_and_outstanding_begin: 1081022402.361
new_ordinary_shares_for_dif_marathon: 0
issuer_bought_and_cancelled: 3898837.51
issued_and_outstanding_end: 1077123564.852
employee_SIF_old_shares_delivered_existing_no_new_issuance_shares: 0
employee_share_issuance_shares: 0
old_holder_cohort_shares_begin: 992937805.498
old_holder_cohort_shares_pro_rata_tendered: 3576680.665
old_holder_cohort_shares_sold_to_company_funded_SIF: 1239147.858
old_holder_cohort_shares_end: 988121976.975
old_holder_fraction_end: 0.917371051213

holder_annual_cash_oku

内容を開く

dividends_to_original_shareholder_cohort: 7.74183615
pro_rata_tender_cash_to_original_shareholder_cohort: 0.840028785
company_funded_SIF_market_purchase_cash_to_original_shareholder_cohort: 0.286248686
total_cash_to_original_shareholder_cohort: 8.868113621

company_dividend_buyback_comparison

内容を開く

company_dividends_oku: 8.434136232
company_buybacks_oku: 0.915691403
sbc_non_cash_event_amount: 0
SIF_company_cash_market_purchase_distinct_from_issuer_repurchase: 0.31164212

SIF_seller_liquidity_ledger

内容を開く

company_funded_SIF_purchase_oku: 0.31164212
old_cohort_seller_policy: pro_rata
actual_external_unlocked_tradable_shares_known: いいえ
externally_sellable_shares_primary_source_verified: 未確認
outside_pool_cumulative_sale_capacity_without_lockup_unverified: はい
Marathon_exchange_shares_subject_to_contractual_lockup: はい
日付: 2036-06-13
purchase_price_eur_assumed: 23.1004464
required_shares: 1349074.018
outsider_shares_raw_before_event: 88084596.864
raw_coverage_ratio: 65.2926346
outsider_only_raw_stock_feasible: はい
outsider_only_verified_saleable_stock_feasible: 未確認
outsider_only_verified_feasibility_reason: no primary source verifies freely sellable Marathon/DIF exchange shares in this period
oldholder_shares_sold_baseline: 1239147.858
oldholder_cash_inflow_oku: 0.286248686
oldholder_fraction_pre_SIF: 0.918517325199

carry_recognized_cash_and_tax_timing_oku

内容を開く

carry_receivable_begin: 10.299287671
IFRS_company_carry_recognized: 6.287978142
same_vintage_cash_collected: 5.533420765
prior_vintage_collection_modeled: 0
carry_receivable_end: 11.053845048
company_internal_partner_bonus_recognized_and_assumed_cash_paid: 3.647027322
corporate_tax_on_carry_after_bonus_recognized_and_assumed_cash_paid: 0.528190164
other_corporate_income_tax_assumed_cash_paid: 2.894866627
total_company_tax_model_assumed_cash_paid: 3.423056791
partner_compensation_timing_reported_or_assumed: assumed cash paid in accrual period; not proven from issuer financials
tax_cash_settlement_reported_or_assumed: assumed cash paid in accrual period; issuer deferred/current split unverified

year_scheduled_events

内容を開く

想定日: 2036-03-10
year: 9.341546885695
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.371523785
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1081022402.361
old_cohort_shares_after_event: 992937805.498

内容を開く

想定日: 2036-05-14
year: 9.519507186858
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.371523785
record_date: 2036-05-15
payment_date: 2036-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 992937805.498
issued_shares_eligible_at_ex_date: 1081022402.361
ordinary_issued_after_event: 1081022402.361
old_cohort_shares_after_event: 992937805.498

内容を開く

想定日: 2036-05-15
year: 9.522245037645
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: final
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1081022402.361
old_cohort_shares_after_event: 992937805.498

内容を開く

想定日: 2036-06-11
year: 9.596167008898
金額: 3.689000118
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2036-05-14
assumed_dps_eur: 0.371523785
company_dividend_cash_outflow_oku: 4.016255346
old_holder_remaining_shares_today: 992937805.498
ordinary_issued_after_event: 1081022402.361
old_cohort_shares_after_event: 992937805.498

内容を開く

想定日: 2036-06-13
year: 9.601642710472
金額: 0
種類: sbc_existing_SIF_shares_delivery_non_cash
date_status: scenario_assumption
new_ordinary_shares: 0
trust_funding_not_proven: はい
ordinary_issued_after_event: 1081022402.361
old_cohort_shares_after_event: 992937805.498

内容を開く

想定日: 2036-06-13
year: 9.601642710472
金額: 0.286248686
種類: assumed_SIF_market_purchase_and_oldholder_sale
date_status: scenario_assumption
company_cash_purchase_cost_oku: 0.31164212
not_issuer_cancelled: はい
not_confirmed_by_CVC: はい
old_holder_shares_sold_to_funded_SIF: 1239147.858
SIF_share_purchase_quantity: 1349074.018
SIF_purchase_execution_price_eur_assumed: 23.1004464
external_shares_outside_cohort_before_trade_raw: 88084596.864
external_coverage_raw_unrestricted_stock_multiple: 65.292635
outside_only_raw_quantity_feasible: はい
outside_only_genuinely_saleable_lockup_adjusted_feasibility: unverified
SIF_purchase_cash_paid_by_company_oku: 0.31164212
SIF_purchase_is_issuer_cancellation: いいえ
SIF_acquired_shares_assumed_delivered_to_employee_no_issuer_stock_change: はい
seller_policy_scenario_assumed: pro_rata
ordinary_issued_after_event: 1081022402.361
old_cohort_shares_after_event: 991698657.639

内容を開く

想定日: 2036-07-30
year: 9.730321697467
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.408676164
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1081022402.361
old_cohort_shares_after_event: 991698657.639

内容を開く

想定日: 2036-08-20
year: 9.787816563997
金額: 0
種類: assumed_dividend_ex_date
date_status: scenario_assumption
dividend_leg: interim
assumed_dps_eur: 0.408676164
record_date: 2036-08-21
payment_date: 2036-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 991698657.639
issued_shares_eligible_at_ex_date: 1081022402.361
ordinary_issued_after_event: 1081022402.361
old_cohort_shares_after_event: 991698657.639

内容を開く

想定日: 2036-08-21
year: 9.790554414784
金額: 0
種類: assumed_dividend_record_date
date_status: scenario_assumption
dividend_leg: interim
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1081022402.361
old_cohort_shares_after_event: 991698657.639

内容を開く

想定日: 2036-09-15
year: 9.859000684463
金額: 4.052836032
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2036-08-20
assumed_dps_eur: 0.408676164
company_dividend_cash_outflow_oku: 4.417880886
old_holder_remaining_shares_today: 991698657.639
ordinary_issued_after_event: 1081022402.361
old_cohort_shares_after_event: 991698657.639

内容を開く

想定日: 2036-10-15
year: 9.941136208077
金額: 0.840028785
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.915691403
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 23.4862674
company_cash_paid_oku: 0.915691403
issuer_shares_cancelled: 3898837.51
old_holder_shares_tendered: 3576680.665
old_holder_fraction_pre_buyback: 0.917371051213
ordinary_issued_after_event: 1077123564.852
old_cohort_shares_after_event: 988121976.975

annual_full_year_terminal_runrate

内容を開く

fee_revenue_oku: 28.486522959
fpaum_end_billion_eur: 314.961556057
fee_margin_excluding_SBC: 0.57
gross_carry_oku: 7.4
gross_investment_income_oku: 3.331072178
sbc_annual_oku: 0.366755678
DA_full_year_oku: 1.948330644
maintenance_capex_full_year_oku: 0.25
GP_commitment_net_investment_full_year_oku: 0.37

audit_residuals

内容を開く

income_statement: 0
parent_equity: 0
nci_equity: 0
gross_debt: 0
restricted_NCI_cash: 0
cash: 0
発行済株式数: 0
old_holder_shares: 0
holder_cash: 0
GP_owner_NAV: 0
carry_receivable: 0
total_balance_proxy: 0

old_holder_economics

内容を開く

initial_cost_oku: 150.755256596
initial_old_cohort_shares: 1042567473
assumed_pro_rata_response_to_issuer_buybacks: はい
assumed_pro_rata_sale_into_company_funded_SIF_market_purchase: はい
new_stock_subscriptions_by_old_holders: 0
terminal_issued_shares: 1077123564.852
terminal_old_cohort_shares: 988121976.975
terminal_old_cohort_fraction: 0.917371051213
terminal_issuer_full_equity_value_oku: 195.312364152
terminal_old_cohort_mcap_oku: 179.173908817
ten_year_old_holder_dividends_oku: 65.463130178
ten_year_pro_rata_tender_cash_oku: 7.643419945
ten_year_company_funded_SIF_market_sale_cash_oku: 2.637619915
cashflow_irr: 0.064056322314
fair_value_pv_at_k_oku: 107.395415555
fair_value_eur_per_initial_share: 10.301051811
margin_of_safety_vs_entry: -0.28761744

terminal_valuation

内容を開く

方法

fee_franchise_and_carry_two_stage_perpetuity_DCF_plus_GP_NAV_plus_receivable_minus_net_financial_debt

all_assets_owned_by_old_holder_cohort_without_NCI_double_count

はい

discount_fee_equity_unlevered_proxy

0.11

discount_riskier_carry_business

0.16

fee_assumed_perpetual_growth

0.023

carry_assumed_perpetual_growth

0.018

normalized_2037_full_year_fee_revenue_oku

29.141712987

normalized_2037_fee_cash_earnings_after_cash_reinvestment_and_SBC_oku

12.383017719

fee_franchise_terminal_EV_oku

142.333537004

2037_normalized_gross_carry_oku

7.5332

2037_normalized_carried_interest_cash_share_after_compensation_tax_oku

1.6271712

2037_carry_cash_flow_method

C2037_issued_group_entitlement * cash_collection_ratio - C2037*model_internal_cash_bonus - 20pct*(C2037 - bonus); no cash from 2026-2036 receivable in this perpetual stream

risk_adjusted_carry_franchise_EV_oku

11.458952113

GP_NAV_owner_book_oku

26.399508562

GP_NAV_value_after_haircut_oku

22.439582278

carry_receivable_book_proxy_oku

11.053845048

carry_receivable_recovery_oku

6.670423736

carry_receivable_pre_cutoff_and_2026_2036_vintages

内容を開く

vintage: opening_2026_11_06_proxy
remaining_uncollected_oku: 2.4
cash_partner_compensation_paid_at_accrual_assumed_oku: 未確認
cash_corporate_tax_paid_at_accrual_assumed_oku: 未確認
prior_accrual_period_cash_cost_settlement: unknown_not_demonstrated_by_primary_sources

内容を開く

vintage: 2026
remaining_uncollected_oku: 0.063287671
recognized_ifrs_carry_oku: 0.52739726
collected_current_vintage_oku: 0.464109589
company_additional_partner_bonus_cost_accrued_oku: 0.305890411
company_additional_partner_bonus_cash_paid_same_period_assumed_oku: 0.305890411
income_tax_on_carry_after_bonus_expensed_and_cash_paid_same_period_assumed_oku: 0.039871233
collection_of_prior_vintages_assumed_oku: 0
状態: scenario_assumption_not_issuer_vintage_disclosure

内容を開く

vintage: 2027
remaining_uncollected_oku: 0.768
recognized_ifrs_carry_oku: 6.4
collected_current_vintage_oku: 5.632
company_additional_partner_bonus_cost_accrued_oku: 3.712
company_additional_partner_bonus_cash_paid_same_period_assumed_oku: 3.712
income_tax_on_carry_after_bonus_expensed_and_cash_paid_same_period_assumed_oku: 0.5376
collection_of_prior_vintages_assumed_oku: 0
状態: scenario_assumption_not_issuer_vintage_disclosure

内容を開く

vintage: 2028
remaining_uncollected_oku: 1.416
recognized_ifrs_carry_oku: 11.8
collected_current_vintage_oku: 10.384
company_additional_partner_bonus_cost_accrued_oku: 6.844
company_additional_partner_bonus_cash_paid_same_period_assumed_oku: 6.844
income_tax_on_carry_after_bonus_expensed_and_cash_paid_same_period_assumed_oku: 0.9912
collection_of_prior_vintages_assumed_oku: 0
状態: scenario_assumption_not_issuer_vintage_disclosure

内容を開く

vintage: 2029
remaining_uncollected_oku: 1.536
recognized_ifrs_carry_oku: 12.8
collected_current_vintage_oku: 11.264
company_additional_partner_bonus_cost_accrued_oku: 7.424
company_additional_partner_bonus_cash_paid_same_period_assumed_oku: 7.424
income_tax_on_carry_after_bonus_expensed_and_cash_paid_same_period_assumed_oku: 1.0752
collection_of_prior_vintages_assumed_oku: 0
状態: scenario_assumption_not_issuer_vintage_disclosure

内容を開く

vintage: 2030
remaining_uncollected_oku: 0.564
recognized_ifrs_carry_oku: 4.7
collected_current_vintage_oku: 4.136
company_additional_partner_bonus_cost_accrued_oku: 2.726
company_additional_partner_bonus_cash_paid_same_period_assumed_oku: 2.726
income_tax_on_carry_after_bonus_expensed_and_cash_paid_same_period_assumed_oku: 0.3948
collection_of_prior_vintages_assumed_oku: 0
状態: scenario_assumption_not_issuer_vintage_disclosure

内容を開く

vintage: 2031
remaining_uncollected_oku: 0.6
recognized_ifrs_carry_oku: 5
collected_current_vintage_oku: 4.4
company_additional_partner_bonus_cost_accrued_oku: 2.9
company_additional_partner_bonus_cash_paid_same_period_assumed_oku: 2.9
income_tax_on_carry_after_bonus_expensed_and_cash_paid_same_period_assumed_oku: 0.42
collection_of_prior_vintages_assumed_oku: 0
状態: scenario_assumption_not_issuer_vintage_disclosure

内容を開く

vintage: 2032
remaining_uncollected_oku: 0.648
recognized_ifrs_carry_oku: 5.4
collected_current_vintage_oku: 4.752
company_additional_partner_bonus_cost_accrued_oku: 3.132
company_additional_partner_bonus_cash_paid_same_period_assumed_oku: 3.132
income_tax_on_carry_after_bonus_expensed_and_cash_paid_same_period_assumed_oku: 0.4536
collection_of_prior_vintages_assumed_oku: 0
状態: scenario_assumption_not_issuer_vintage_disclosure

内容を開く

vintage: 2033
remaining_uncollected_oku: 0.708
recognized_ifrs_carry_oku: 5.9
collected_current_vintage_oku: 5.192
company_additional_partner_bonus_cost_accrued_oku: 3.422
company_additional_partner_bonus_cash_paid_same_period_assumed_oku: 3.422
income_tax_on_carry_after_bonus_expensed_and_cash_paid_same_period_assumed_oku: 0.4956
collection_of_prior_vintages_assumed_oku: 0
状態: scenario_assumption_not_issuer_vintage_disclosure

内容を開く

vintage: 2034
remaining_uncollected_oku: 0.768
recognized_ifrs_carry_oku: 6.4
collected_current_vintage_oku: 5.632
company_additional_partner_bonus_cost_accrued_oku: 3.712
company_additional_partner_bonus_cash_paid_same_period_assumed_oku: 3.712
income_tax_on_carry_after_bonus_expensed_and_cash_paid_same_period_assumed_oku: 0.5376
collection_of_prior_vintages_assumed_oku: 0
状態: scenario_assumption_not_issuer_vintage_disclosure

内容を開く

vintage: 2035
remaining_uncollected_oku: 0.828
recognized_ifrs_carry_oku: 6.9
collected_current_vintage_oku: 6.072
company_additional_partner_bonus_cost_accrued_oku: 4.002
company_additional_partner_bonus_cash_paid_same_period_assumed_oku: 4.002
income_tax_on_carry_after_bonus_expensed_and_cash_paid_same_period_assumed_oku: 0.5796
collection_of_prior_vintages_assumed_oku: 0
状態: scenario_assumption_not_issuer_vintage_disclosure

内容を開く

vintage: 2036
remaining_uncollected_oku: 0.754557377
recognized_ifrs_carry_oku: 6.287978142
collected_current_vintage_oku: 5.533420765
company_additional_partner_bonus_cost_accrued_oku: 3.647027322
company_additional_partner_bonus_cash_paid_same_period_assumed_oku: 3.647027322
income_tax_on_carry_after_bonus_expensed_and_cash_paid_same_period_assumed_oku: 0.528190164
collection_of_prior_vintages_assumed_oku: 0
状態: scenario_assumption_not_issuer_vintage_disclosure

carry_receivable_vintage_book_reconciles

はい

old_vintage_nominal_recovery_fraction_2037_assumed

0.7

old_vintage_assumed_cash_collection_date_for_valuation_only

2037-11-06

old_vintage_nominal_receipts_2037_oku

7.737691534

old_vintage_discount_years_after_2036_terminal

old_vintage_discount_rate

0.16

old_vintage_cash_partner_bonus_incremental_after_2036_base_oku

old_vintage_cash_corporate_tax_incremental_after_2036_base_oku

old_vintage_no_extra_expense_base_reason

modeled staff bonus and income tax cash paid at annual IFRS accrual; source does not confirm actual cash timing

old_vintage_stress_if_partner_cost_unpaid_oku

3.868845767

old_vintage_stress_if_both_partner_and_tax_unpaid_oku

4.429161361

new_2037_carry_gross_IFRS_entitlement_oku

7.5332

new_2037_carry_same_vintage_cash_receipt_oku

6.629216

new_2037_carry_company_partner_bonus_cash_assumed_oku

4.369256

new_2037_carry_corporate_tax_cash_assumed_oku

0.6327888

new_2037_carry_prior_vintage_collections_in_carry_EV_oku

new_post_2037_vintage_receivables_value_in_carry_EV_oku

legacy_vintage_recovery_not_in_new_carry_EV

はい

company_cash_end_oku

32.053520642

NCI_restricted_cash_excluded_from_terminal_owner_oku

0.761055992

owner_accessible_cash_at_terminal_oku

31.29246465

gross_debt_end_oku

18.882595628

valuation_of_enterprise_to_owner_before_pro_rata_factor_oku

195.312364152

old_cohort_fraction_at_terminal

0.917371051213

old_holder_terminal_value_oku

179.173908817

2037_fees_derived_from_2036_full_year_rather_than_311day_partial

はい

2037_SBC_annual_expense_and_no_dilution_proxy_oku

0.375191059

2037_assumed_SIF_cash_market_replenishment_oku

0.375191059

2037_non_cash_SBC_addback_oku

0.375191059

2037_fee_cash_earnings_bridge_check_oku

12.383017719

terminal_after_2036_date_cash_returns_excluded

はい

carry_old_vintage_cost_leakage_terminal_only_stress

内容を開く

base_pv_oku: 6.670423736
unpaid_partner_pv_oku: 2.801577969
unpaid_partner_and_tax_pv_oku: 2.241262375
unpaid_tax_only_pv_oku: 5.336338989
one_more_year_recovery_delay_pv_oku: 5.75036529

market_PER_not_used

はい

pv_at_common_k

内容を開く

cash_receipts_oku: 44.302160083
discounted_terminal_old_cohort_oku: 63.093255473
total_oku: 107.395415555
cashflow_irr: 0.064056322314

audit

内容を開く

eleven_fiscal_periods: 11
elapsed_calendar_days: 3653
terminal_discount_years_fixed_to_site: 10.001368925394
dated_terminal_events_in_timed_cashflows: 0
zero_amount_revaluation_triggers: 82
parent_NI_sum_check_oku: 116.212650055
old_holder_payout_equals_cash_events_check_oku: 75.744170038
period_equation_max_error: 0

売上高

39.247595137248

営業利益

20.391303942971

純利益

14.64801037133

equity_oku

66.88329857

multiple

segment_operating_profit_status

not_estimated

やや弱気（確率 22.0%）

投資環境・運用資産・成功報酬・持分希薄化に関する仮定

確率の根拠

ケース確率は分析上の仮定です。

このシナリオの数値・キャッシュフローを開く →

弱気（確率 10.0%）

投資環境・運用資産・成功報酬・持分希薄化に関する仮定

確率の根拠

ケース確率は分析上の仮定です。

このシナリオの数値・キャッシュフローを開く →

単位の説明

all_company_and_old_cohort_money: 億EUR = EUR 100,000,000
listed_ordinary_price: EUR/share
株数: ordinary shares, sometimes fractional in theoretical pro-rata tenders
fee_paying_AUM: billion EUR
growth_probability_discount: decimal fractions
cashflow_timing: actual days elapsed / 365.25 for both dated and terminal 2036-11-06; T=3653/365.25
2026_partial_days: 55
2036_partial_days: 311

事業の詳細

fee_model: 契約上のファンド規模・投資残高に応じた管理報酬 + 追随手数料。基礎にはFPAUMと実効報酬率、戦略別ミックスを使用。
performance_model: IFRS carryは会社自身の契約上の取得権利であり、グループ外LP II Holdings等のother-party carryはIFRS売上から既に除外（2025年報note3）。別途会社人件費が連動する可能性を保守的にシナリオ仮定し、税・費用は発生期に現金支払済みと仮定（実際の支払時期不明）。未収残は契約資産と区別。
investment_income_model: GP/共同投資のFVTPL評価額は現金配当ではない。親会社に帰属する評価益はNAVに蓄積し終価NAVのみ計上、同じ評価益をcarried interest DCFにも加算しない。
subco_model: Marathon SubCo units are economically outstanding since July 2026 but not confirmed converted to AMS ordinary. Forecast conversion dates hypothetical and units are NCI until converted.
consolidation: IFRS revenue includes fund-related investment and NCI, and 2026 H1 NCI profit €53m. Parent profit after SBC only used for net_sum.

競争力の詳細

business_understandability

0.7

competitive_moat

0.75

management_capital_allocation

0.55

reported_earnings_reliability

0.45

leverage_and_balance_sheet

0.48

owner_cash_conversion

0.55

scores_status

subjective_0_to_1_valuation_analyst_not_company_fact

main_operating_risks

内容を開く

1: fundraising/recession cycle
2: carry recognition vs distribution
3: FX and interest rates
4: valuation of level-3 fund investments
5: Marathon integration and earnout
6: employee compensation and SIF
7: future ordinary-equivalent SubCo/DIF share issues
8: key people and governing partner incentives

業界の詳細

classification

global alternative asset manager

moat_drivers

内容を開く

1: long locked-up institutional mandates
2: proprietary origination network
3: distribution and fundraising access
4: multi-strategy scale
5: historic fund performance reputation

disruption

内容を開く

1: fee compression from competition
2: private market NAV markdowns
3: LP denominator effect
4: credit default cycle
5: long exits before carry cash realization

LP_gross_IRR_not_CVC_equity_IRR

はい

財務・資本配分の詳細

asof_market_value_oku

150.755256596

June_2026_IFRS_net_debt_oku

11.99

June_2026_pro_forma_owner_adjusted_net_debt_oku

15.88

June_2026_fund_NCI_equity_oku

6.67

June_2026_forward_dif_liability_oku

4.2

2026_ytd_program_max_oku

3.5

2026H1_repurchased_oku

1.94

2026H1_repurchased_shares

16535127

Sep30_additional_cancelled_shares

3881892

July_to_Sep_cash_cost_exact

未確認

July_to_Sep_cash_cost_null_reason

AFM supplies voting shares, not actual aggregate repurchase cash. Individual issuer weekly PDFs available but not independently summed; no post-cut buyback included in t0.

future_buybacks_2027_within_old_program_assumption

assumed max 1.06oku vs 350m programme after approximation of Sept spending, not factual remaining

sbc_H1_IFRS_charge_and_equity_credit_oku

0.13

sbc_treated_in_earnings_expense

はい

2026H1_company_reported_one_off_SIF_delivery_no_dilution

はい

2026H1_SIF_on_account_shares_book_value_oku

0.26

SIF_2028on_company_funded_replenishment_cash_assumed_equal_SBC_charge

はい

SIF_2027_replenishment_held_stock_assumption

はい

employee_SIF_holding_shares_asof

未確認

employee_SIF_holding_unknown_reason

€26m group-on-account SIF stock value June 2026 verified, not exact beneficial share count as at Nov6

marathon_cash_paid_Jul_2026_usd_m

418

marathon_cash_paid_asof_valuation_already_closed

はい

marathon_100pct_operating_acquisition_closed_on

2026-07-01

marathon_100pct_control_does_not_mean_100pct_parent_economic_ownership_while_SubCo_units_outstanding

はい

marathon_ordinary_exchange_subject_to_lockup_according_to_original_announcement

はい

marathon_initial_subco_nonadjustable_component_reference_not_guaranteed_floor_shares

34000000

marathon_initial_subco_performance_adjustable_shares_max

11000000

marathon_new_base_subco_exchangeable_shares_max

45000000

marathon_earnout_additional_subco_exchangeable_shares_max

11000000

marathon_earnout_cash_usd_m_max

200

marathon_subco_ordinary_exchange_date_asof

未確認

marathon_exchange_null_reason

issue by wholly owned subsidiary does not mean issued Amsterdam ordinary shares until exchange. Timing and quantity not disclosed as fixed.

dif_remaining_interest_percent

0.39

dif_future_share_settlement_years

1: 2027
2: 2029

dif_annualized_share_count_Jun2026_proxy

33045000

employee_share_grant_is_never_direct_cash_receipt

はい

pro_rata_sale_into_company_funded_SIF_counts_as_actual_oldholder_market_cash

はい

terminal_NCI_scope

Fund NCI-owned NAV and separately tracked NCI-retained cash excluded from terminal owner valuation; Marathon SubCo economics shifted to new shares after conversion, not double-accreted.

SIF_cash_purchase_seller_assumption

2028 onward company-funded SIF market acquisitions assumed to have seller mix pro rata to existing issued shares, including original cohort; old-cohort actual cash receipts booked, shares sold leave cohort, issuer shares not cancelled. External-only sales sensitivity is conditional on unknown lockup adjusted float and not verified as company conduct.

SIF_cash_purchase_timing_assumption

2027 existing group-account SIF stock funds awards; June 2028 onward replenishment cost equals annual SBC expense by company cash, no net new issuer ordinary issue. Annual SIF market price and option strike economics not confirmed.

評価根拠の詳細

independent_of_market_per_for_terminal: はい
spot_used_only_initial_cost_and_future_buyback_execution_price_scenario: はい
2025_statutory_non_cash_DIF_gain_oku: 3.3438
2025_profit_without_that_gain_before_tax_rough_oku: 8.48726
2025_reported_profit_not_uncritically_capitalized: はい
2026H1_parent_IFRS_oku: 3.57
2026H1_adjusted_PAT_oku: 4.34
2026H1_adjusted_PAT_not_parent_IFRS: はい
2026Q3_activity_not_IFRS_PNL: はい
Marathon_FPAUM_not_double_added: はい
old_five_year_payout_used_in_10yr: いいえ
cashflows_exclude_terminal_value: はい
terminal_discount_is_elapsed_days_over_365_25: はい
carry_corporate_entitlement_is_not_other_party_partner_carry: はい

分析基準とデータ

価格・単価

14.46

株数

1042567473

時価総額（億）

150.755256596

initial_cohort_investment_oku

150.755256596

last_verified_ifrs_financial_reporting_date

2026-06-30

latest_operating_report_date

2026-09-30

asof_2026_11_06_balance_sheet_status

unverified_proxy_not_reported_company_financials

asof_financial_proxy_oku

内容を開く

parent_equity: 16
NCI_equity_after_marathon_subco_placeholder: 12.67
adjusted_owner_accessible_cash: 6.15
NCI_restricted_cash_initial_placeholder: 0
consolidated_gross_borrowings: 22.33
adjusted_owner_GP_investment_NAV: 10.47
NCI_owned_GP_NAV: 7.78
DIF_future_equity_forward_liability: 4.2
owner_carried_interest_receivable_proxy: 2.4

reported_ifrs

内容を開く

2025_12_31

内容を開く

状態: audited_company_2025_fy_report
ifrs_management_fees_oku: 14.49544
ifrs_fee_related_performance_revenue_oku: 0.14377
ifrs_carried_interest_oku: 2.53243
ifrs_investment_income_oku: 1.34249
ifrs_total_revenue_oku: 18.53447
ifrs_forward_liability_non_cash_fv_gain_oku: 3.3438
ifrs_parent_net_profit_oku: 11.83106
ifrs_noncontrolling_net_profit_oku: 0.39176
ifrs_consolidated_net_profit_oku: 12.22282
adjusted_mfe_oku: 8.35
adjusted_pre_oku: 2.54
adjusted_pat_oku: 8.73
ordinary_shares: 1062984492
自己株式数: 0

2026_06_30

内容を開く

状態: published_unaudited_IAS34_as_issued_2026_07_29
management_fees_oku: 7.73
fee_related_performance_revenue_oku: 0.04
total_fee_revenue_oku: 7.77
carried_interest_oku: 0.96
investment_income_oku: 1.24
other_income_oku: 0.02
売上高: 9.99
personnel_expenses_oku: 3.12
general_and_administrative_expenses_oku: 1.25
forward_liability_gain_non_cash_oku: 0.23
EBITDA_oku: 5.85
depreciation_amortization_oku: 0.89
営業利益（億）: 4.96
net_financing_expense_oku: 0.19
profit_before_tax_oku: 4.77
tax_expense_oku: 0.67
consolidated_net_income_oku: 4.1
nci_profit_oku: 0.53
parent_ifrs_profit_after_sbc_oku: 3.57
total_parent_equity_oku: 15.78
非支配持分資本（億）: 6.67
cash_ifrs_oku: 10.34
gross_borrowings_oku: 22.33
forward_liability_dif_oku: 4.2
investments_ifrs_oku: 18.25
investments_adjusted_owner_oku: 10.47
investments_nci_excluded_from_adjusted_oku: 7.78
cash_adjusted_marathon_as_if_paid_oku: 6.45
carried_interest_receivable_oku: 3.29
cfo_oku: 2.41
carry_cash_received_oku: 0.8
ppe_capex_paid_oku: 0.05
investments_purchased_oku: 2.9
investments_sold_oku: 2.59
net_capital_share_buyback_oku: 1.94
shares_bought_and_cancelled: 16535127
dividends_paid_to_parent_oku: 2.5
nci_dividends_paid_oku: 0.44
nci_contributions_received_oku: 0.26
noncash_sbc_equity_credit_oku: 0.13
adjusted_fre_oku: 4.42
adjusted_pre_oku: 1.1
adjusted_PAT_oku: 4.34
weighted_avg_basic_shares: 1054447000
adjusted_eps_denominator_incl_future_dif_and_ltip: 1092255609
diluted_dif_forward_shares_proxy: 33045000

2026_09_30

内容を開く

状態: company_q3_activity_and_regulator_shares_not_financial_accounts
fpaum_billion_eur: 176.6
fpaum_2025_09_billion_eur: 142.1
fpaum_from_marathon_billion_eur: 18.4
fpaum_organic_yoy_growth: 0.11
ordinary_voting_shares_regulator_dated: 1042567473
share_count_authority: AFM issuance register Sept30 transaction entry; live webpage updated after valuation date; proxy for Nov6
q3_ifrs_profits: 未確認
q3_ifrs_profit_null_reason: 29 Oct Q3 Activity Update is not IAS34 IFRS quarterly accounts

2026_11_06

内容を開く

price_eur: 14.46
株価の出所: FT historical Amsterdam Nov6 16:35 GMT, secondary exchange close
ordinary_shares_asof_exact: 未確認
ordinary_shares_proxy_sep30: 1042567473
market_cap_oku_proxy: 150.755256596
company_issued_shares_oct_nov_unknown: はい

FY2026_first_partial_projection_method

2026-11-07..12-31=55/365 of forecast FULL 2026 run-rate. H1 confirmed historical income not repeated in net_sum; source IFRS statements separate.

price_details

内容を開く

price_eur: 14.46
株価基準日: 2026-11-06
venue: Euronext Amsterdam ordinary closing price as replicated by FT; exchange official day file not obtained
状態: 2026-11-06_secondary_market_price_verified
source_id: closing_price

shares_details

内容を開く

reported_2025_12_31_issued: 1062984492
reported_first_half_2026_cancelled: 16535127
derived_2026_06_30_issued: 1046449365
AFM_regulator_2026_09_30_issued: 1042567473
sep30_additional_cancelled_since_jun30: 3881892
ordinary_issued_asof_2026_11_06_exact: 未確認
asof_exact_reason: No primary share-count record for Nov6; Sep30 AFM dated register as proxy. Regulator webpage last-updated after Nov6; underlying filing release timestamp unverified.
estimated_effective_ordinary_shares_for_valuation: 1042567473
trust_treasury_excluded_asof_exact: 未確認
source_id: regulator_share_count
valuation_denominator_status: latest_regulator_dated_proxy_not_exact_asof

株価の出所

FT 2026-11-06 Amsterdam終値14.46 EUR。取引所原票未確認。

株数の出所

2026-09-30規制当局の発行済株1,042,567,473株を代理使用。11/06時点と開示時刻は未確認。

検証上の留意点

model_level: scenario model, not financial reporting for 2026Q3 or Nov6
all_money_oku: はい
days_first: 55
days_last: 311
days_total: 3653
number_scenarios: 5
ledger_rows: 55
terminal_cashflow_in_timed_events: いいえ
expected_IRR_not_average_case_IRRs: はい
SBC_not_cash_receipt: はい
NCI_not_parent_income: はい
dividends_before_asof_excluded: はい
discounted_value_asof_11pct_under_uncertain_inputs: はい
terminal_date_discount_fraction: 10.001368925394
expected_IRR_uses_same_terminal_fraction_as_timed_cashflows: はい
legacy_carry_not_in_future_carry_EV: はい
SIF_company_market_cash_oldholder_receipts_not_employee_stock_award: はい

追加データ・検証記録

分析ごとに収録された追加の前提、年度別データ、検証上の注意を確認できます。

追加データを開く →

分析に使用した資料

markets.ft.markitdigital.com 2026-11-06
www.afm.nl 2026-09-30
www.cvc.com 2026-07-30
cdn.financialreports.eu 2026-07-30
www.cvc.com 2026-03-11
www.cvc.com 2026-03-11
www.cvc.com 2026-10-29
www.cvc.com 2026-03-11
www.cvc.com 2026-01-26
www.cvc.com 2026-09-18
www.cvc.com 2026-07-30
www.cvc.com 2026-10-27

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