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。

このシナリオの数値・キャッシュフローを開く →

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。

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: 24.804725405159
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: 0.235
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: 0.35
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.35
buyback_class: within_350m_old_2026_program_assumed
buyback_execution_price_eur_assumed: 14.5291018
company_cash_paid_oku: 0.35
issuer_shares_cancelled: 2408958.276
old_holder_shares_tendered: 2408958.276
old_holder_fraction_pre_buyback: 1
ordinary_issued_after_event: 1040158514.724
old_cohort_shares_after_event: 1040158514.724

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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: 1040158514.724
old_cohort_shares_after_event: 1040158514.724

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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: 0.235
record_date: 2027-05-17
payment_date: 2027-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1040158514.724
issued_shares_eligible_at_ex_date: 1040158514.724
ordinary_issued_after_event: 1040158514.724
old_cohort_shares_after_event: 1040158514.724

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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: 1040158514.724
old_cohort_shares_after_event: 1040158514.724

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想定日: 2027-06-11
year: 0.594113620808
金額: 2.44437251
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2027-05-14
assumed_dps_eur: 0.235
company_dividend_cash_outflow_oku: 2.44437251
old_holder_remaining_shares_today: 1040158514.724
ordinary_issued_after_event: 1040158514.724
old_cohort_shares_after_event: 1040158514.724

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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: 1040158514.724
old_cohort_shares_after_event: 1040158514.724

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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: 0.984363776987
ordinary_issued_after_event: 1056681014.724
old_cohort_shares_after_event: 1040158514.724

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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: 0.2585
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1056681014.724
old_cohort_shares_after_event: 1040158514.724

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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: 0.2585
record_date: 2027-08-23
payment_date: 2027-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1040158514.724
issued_shares_eligible_at_ex_date: 1056681014.724
ordinary_issued_after_event: 1056681014.724
old_cohort_shares_after_event: 1040158514.724

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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: 1056681014.724
old_cohort_shares_after_event: 1040158514.724

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想定日: 2027-09-15
year: 0.856947296372
金額: 2.688809761
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2027-08-20
assumed_dps_eur: 0.2585
company_dividend_cash_outflow_oku: 2.731520423
old_holder_remaining_shares_today: 1040158514.724
ordinary_issued_after_event: 1056681014.724
old_cohort_shares_after_event: 1040158514.724

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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: 0.23782
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1056681014.724
old_cohort_shares_after_event: 1040158514.724

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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: 0.23782
record_date: 2028-05-15
payment_date: 2028-06-12
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1040158514.724
issued_shares_eligible_at_ex_date: 1056681014.724
ordinary_issued_after_event: 1056681014.724
old_cohort_shares_after_event: 1040158514.724

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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: 1056681014.724
old_cohort_shares_after_event: 1040158514.724

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想定日: 2028-06-12
year: 1.598904859685
金額: 2.47370498
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2028-05-12
assumed_dps_eur: 0.23782
company_dividend_cash_outflow_oku: 2.512998789
old_holder_remaining_shares_today: 1040158514.724
ordinary_issued_after_event: 1056681014.724
old_cohort_shares_after_event: 1040158514.724

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想定日: 2028-06-14
year: 1.604380561259
金額: 0.274163523
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: 1865985.439
SIF_share_purchase_quantity: 1895625.868
SIF_purchase_execution_price_eur_assumed: 14.6926936
external_shares_outside_cohort_before_trade_raw: 16522500
external_coverage_raw_unrestricted_stock_multiple: 8.716119
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: 1056681014.724
old_cohort_shares_after_event: 1038292529.285

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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: 1056681014.724
old_cohort_shares_after_event: 1038292529.285

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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: 34000000
nci_equity_reclass_oku: 6
old_holder_fraction_after_share_settlement: 0.951967179467
ordinary_issued_after_event: 1090681014.724
old_cohort_shares_after_event: 1038292529.285

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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: 0.261602
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1090681014.724
old_cohort_shares_after_event: 1038292529.285

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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: 0.261602
record_date: 2028-08-21
payment_date: 2028-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1038292529.285
issued_shares_eligible_at_ex_date: 1090681014.724
ordinary_issued_after_event: 1090681014.724
old_cohort_shares_after_event: 1038292529.285

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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: 1090681014.724
old_cohort_shares_after_event: 1038292529.285

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想定日: 2028-09-15
year: 1.859000684463
金額: 2.716194022
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2028-08-18
assumed_dps_eur: 0.261602
company_dividend_cash_outflow_oku: 2.853243348
old_holder_remaining_shares_today: 1038292529.285
ordinary_issued_after_event: 1090681014.724
old_cohort_shares_after_event: 1038292529.285

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想定日: 2028-10-13
year: 1.935660506502
金額: 0.190393436
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.2
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 14.7412057
company_cash_paid_oku: 0.2
issuer_shares_cancelled: 1356741.127
old_holder_shares_tendered: 1291573.024
old_holder_fraction_pre_buyback: 0.951967179467
ordinary_issued_after_event: 1089324273.596
old_cohort_shares_after_event: 1037000956.26

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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: 0.24067384
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1089324273.596
old_cohort_shares_after_event: 1037000956.26

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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: 0.24067384
record_date: 2029-05-15
payment_date: 2029-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1037000956.26
issued_shares_eligible_at_ex_date: 1089324273.596
ordinary_issued_after_event: 1089324273.596
old_cohort_shares_after_event: 1037000956.26

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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: 1089324273.596
old_cohort_shares_after_event: 1037000956.26

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想定日: 2029-06-11
year: 2.595482546201
金額: 2.495790022
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2029-05-14
assumed_dps_eur: 0.24067384
company_dividend_cash_outflow_oku: 2.621718559
old_holder_remaining_shares_today: 1037000956.26
ordinary_issued_after_event: 1089324273.596
old_cohort_shares_after_event: 1037000956.26

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想定日: 2029-06-14
year: 2.603696098563
金額: 0.274420387
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: 1849253.866
SIF_share_purchase_quantity: 1942560.527
SIF_purchase_execution_price_eur_assumed: 14.8395194
external_shares_outside_cohort_before_trade_raw: 52323317.336
external_coverage_raw_unrestricted_stock_multiple: 26.935231
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: 1089324273.596
old_cohort_shares_after_event: 1035151702.394

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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: 1089324273.596
old_cohort_shares_after_event: 1035151702.394

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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: 0.93607154907
ordinary_issued_after_event: 1105846773.596
old_cohort_shares_after_event: 1035151702.394

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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: 2000000
non_cash_goodwill_eur_oku: 0.296927871
old_holder_fraction_after_share_settlement: 0.934381655537
ordinary_issued_after_event: 1107846773.596
old_cohort_shares_after_event: 1035151702.394

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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: 0.3
ordinary_issued_after_event: 1107846773.596
old_cohort_shares_after_event: 1035151702.394

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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: 0.264741224
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1107846773.596
old_cohort_shares_after_event: 1035151702.394

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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: 0.264741224
record_date: 2029-08-21
payment_date: 2029-09-17
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1035151702.394
issued_shares_eligible_at_ex_date: 1107846773.596
ordinary_issued_after_event: 1107846773.596
old_cohort_shares_after_event: 1035151702.394

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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: 1107846773.596
old_cohort_shares_after_event: 1035151702.394

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想定日: 2029-09-17
year: 2.86379192334
金額: 2.740473287
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2029-08-20
assumed_dps_eur: 0.264741224
company_dividend_cash_outflow_oku: 2.932927108
old_holder_remaining_shares_today: 1035151702.394
ordinary_issued_after_event: 1107846773.596
old_cohort_shares_after_event: 1035151702.394

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想定日: 2029-10-15
year: 2.94045174538
金額: 0.210235872
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.225
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 14.8893275
company_cash_paid_oku: 0.225
issuer_shares_cancelled: 1511149.508
old_holder_shares_tendered: 1411990.379
old_holder_fraction_pre_buyback: 0.934381655537
ordinary_issued_after_event: 1106335624.088
old_cohort_shares_after_event: 1033739712.015

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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: 0.243561926
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1106335624.088
old_cohort_shares_after_event: 1033739712.015

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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: 0.243561926
record_date: 2030-05-15
payment_date: 2030-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1033739712.015
issued_shares_eligible_at_ex_date: 1106335624.088
ordinary_issued_after_event: 1106335624.088
old_cohort_shares_after_event: 1033739712.015

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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: 1106335624.088
old_cohort_shares_after_event: 1033739712.015

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想定日: 2030-06-11
year: 3.594798083504
金額: 2.517796352
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2030-05-14
assumed_dps_eur: 0.243561926
company_dividend_cash_outflow_oku: 2.694612354
old_holder_remaining_shares_today: 1033739712.015
ordinary_issued_after_event: 1106335624.088
old_cohort_shares_after_event: 1033739712.015

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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: 1106335624.088
old_cohort_shares_after_event: 1033739712.015

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想定日: 2030-06-14
year: 3.603011635866
金額: 0.278778355
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: 1860033.634
SIF_share_purchase_quantity: 1990657.268
SIF_purchase_execution_price_eur_assumed: 14.9878126
external_shares_outside_cohort_before_trade_raw: 72595912.073
external_coverage_raw_unrestricted_stock_multiple: 36.468313
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: 1106335624.088
old_cohort_shares_after_event: 1031879678.381

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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: 0.267918119
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1106335624.088
old_cohort_shares_after_event: 1031879678.381

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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: 0.267918119
record_date: 2030-08-21
payment_date: 2030-09-16
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1031879678.381
issued_shares_eligible_at_ex_date: 1106335624.088
ordinary_issued_after_event: 1106335624.088
old_cohort_shares_after_event: 1031879678.381

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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: 1106335624.088
old_cohort_shares_after_event: 1031879678.381

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想定日: 2030-09-16
year: 3.860369609856
金額: 2.764592625
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2030-08-20
assumed_dps_eur: 0.267918119
company_dividend_cash_outflow_oku: 2.964073594
old_holder_remaining_shares_today: 1031879678.381
ordinary_issued_after_event: 1106335624.088
old_cohort_shares_after_event: 1031879678.381

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想定日: 2030-10-15
year: 3.939767282683
金額: 0.2331751
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.25
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 15.0381184
company_cash_paid_oku: 0.25
issuer_shares_cancelled: 1662442.024
old_holder_shares_tendered: 1550560.34
old_holder_fraction_pre_buyback: 0.932700399331
ordinary_issued_after_event: 1104673182.064
old_cohort_shares_after_event: 1030329118.042

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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: 0.246484669
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1104673182.064
old_cohort_shares_after_event: 1030329118.042

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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: 0.246484669
record_date: 2031-05-15
payment_date: 2031-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1030329118.042
issued_shares_eligible_at_ex_date: 1104673182.064
ordinary_issued_after_event: 1104673182.064
old_cohort_shares_after_event: 1030329118.042

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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: 1104673182.064
old_cohort_shares_after_event: 1030329118.042

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想定日: 2031-06-11
year: 4.594113620808
金額: 2.539603316
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2031-05-14
assumed_dps_eur: 0.246484669
company_dividend_cash_outflow_oku: 2.722850036
old_holder_remaining_shares_today: 1030329118.042
ordinary_issued_after_event: 1104673182.064
old_cohort_shares_after_event: 1030329118.042

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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: 1104673182.064
old_cohort_shares_after_event: 1030329118.042

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想定日: 2031-06-13
year: 4.599589322382
金額: 0.288016427
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: 1902709.214
SIF_share_purchase_quantity: 2040000.428
SIF_purchase_execution_price_eur_assumed: 15.1371752
external_shares_outside_cohort_before_trade_raw: 74344064.022
external_coverage_raw_unrestricted_stock_multiple: 36.443161
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: 1104673182.064
old_cohort_shares_after_event: 1028426408.828

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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: 0.271133136
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1104673182.064
old_cohort_shares_after_event: 1028426408.828

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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: 0.271133136
record_date: 2031-08-21
payment_date: 2031-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1028426408.828
issued_shares_eligible_at_ex_date: 1104673182.064
ordinary_issued_after_event: 1104673182.064
old_cohort_shares_after_event: 1028426408.828

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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: 1104673182.064
old_cohort_shares_after_event: 1028426408.828

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想定日: 2031-09-15
year: 4.856947296372
金額: 2.788404774
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2031-08-20
assumed_dps_eur: 0.271133136
company_dividend_cash_outflow_oku: 2.995135041
old_holder_remaining_shares_today: 1028426408.828
ordinary_issued_after_event: 1104673182.064
old_cohort_shares_after_event: 1028426408.828

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想定日: 2031-10-15
year: 4.939082819986
金額: 0.139646697
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.15
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 15.1883961
company_cash_paid_oku: 0.15
issuer_shares_cancelled: 987596.047
old_holder_shares_tendered: 919430.174
old_holder_fraction_pre_buyback: 0.930977981113
ordinary_issued_after_event: 1103685586.017
old_cohort_shares_after_event: 1027506978.653

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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: 0.249442485
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1103685586.017
old_cohort_shares_after_event: 1027506978.653

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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: 0.249442485
record_date: 2032-05-17
payment_date: 2032-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1027506978.653
issued_shares_eligible_at_ex_date: 1103685586.017
ordinary_issued_after_event: 1103685586.017
old_cohort_shares_after_event: 1027506978.653

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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: 1103685586.017
old_cohort_shares_after_event: 1027506978.653

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想定日: 2032-06-11
year: 5.596167008898
金額: 2.563038941
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2032-05-14
assumed_dps_eur: 0.249442485
company_dividend_cash_outflow_oku: 2.753060752
old_holder_remaining_shares_today: 1027506978.653
ordinary_issued_after_event: 1103685586.017
old_cohort_shares_after_event: 1027506978.653

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想定日: 2032-06-14
year: 5.604380561259
金額: 0.297546507
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: 1946112.491
SIF_share_purchase_quantity: 2090395.832
SIF_purchase_execution_price_eur_assumed: 15.2892758
external_shares_outside_cohort_before_trade_raw: 76178607.364
external_coverage_raw_unrestricted_stock_multiple: 36.442193
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: 1103685586.017
old_cohort_shares_after_event: 1025560866.162

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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: 1103685586.017
old_cohort_shares_after_event: 1025560866.162

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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: 0.274386734
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1103685586.017
old_cohort_shares_after_event: 1025560866.162

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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: 0.274386734
record_date: 2032-08-23
payment_date: 2032-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1025560866.162
issued_shares_eligible_at_ex_date: 1103685586.017
ordinary_issued_after_event: 1103685586.017
old_cohort_shares_after_event: 1025560866.162

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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: 1103685586.017
old_cohort_shares_after_event: 1025560866.162

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想定日: 2032-09-15
year: 5.859000684463
金額: 2.814002966
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2032-08-20
assumed_dps_eur: 0.274386734
company_dividend_cash_outflow_oku: 3.028366833
old_holder_remaining_shares_today: 1025560866.162
ordinary_issued_after_event: 1103685586.017
old_cohort_shares_after_event: 1025560866.162

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想定日: 2032-10-15
year: 5.941136208077
金額: 0.141472937
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.15225
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 15.3405935
company_cash_paid_oku: 0.15225
issuer_shares_cancelled: 992464.859
old_holder_shares_tendered: 922212.932
old_holder_fraction_pre_buyback: 0.929214695884
ordinary_issued_after_event: 1102693121.158
old_cohort_shares_after_event: 1024638653.23

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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: 0.252435795
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1102693121.158
old_cohort_shares_after_event: 1024638653.23

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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: 0.252435795
record_date: 2033-05-16
payment_date: 2033-06-13
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1024638653.23
issued_shares_eligible_at_ex_date: 1102693121.158
ordinary_issued_after_event: 1102693121.158
old_cohort_shares_after_event: 1024638653.23

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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: 1102693121.158
old_cohort_shares_after_event: 1024638653.23

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想定日: 2033-06-13
year: 6.600958247775
金額: 2.58655473
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2033-05-13
assumed_dps_eur: 0.252435795
company_dividend_cash_outflow_oku: 2.783592147
old_holder_remaining_shares_today: 1024638653.23
ordinary_issued_after_event: 1102693121.158
old_cohort_shares_after_event: 1024638653.23

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想定日: 2033-06-14
year: 6.603696098563
金額: 0.307377353
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: 1990519.945
SIF_share_purchase_quantity: 2142152.889
SIF_purchase_execution_price_eur_assumed: 15.4420634
external_shares_outside_cohort_before_trade_raw: 78054467.928
external_coverage_raw_unrestricted_stock_multiple: 36.437394
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: 1102693121.158
old_cohort_shares_after_event: 1022648133.285

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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: 1102693121.158
old_cohort_shares_after_event: 1022648133.285

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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: 0.277679375
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1102693121.158
old_cohort_shares_after_event: 1022648133.285

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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: 0.277679375
record_date: 2033-08-22
payment_date: 2033-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1022648133.285
issued_shares_eligible_at_ex_date: 1102693121.158
ordinary_issued_after_event: 1102693121.158
old_cohort_shares_after_event: 1022648133.285

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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: 1102693121.158
old_cohort_shares_after_event: 1022648133.285

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想定日: 2033-09-15
year: 6.858316221766
金額: 2.839682945
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2033-08-19
assumed_dps_eur: 0.277679375
company_dividend_cash_outflow_oku: 3.061951367
old_holder_remaining_shares_today: 1022648133.285
ordinary_issued_after_event: 1102693121.158
old_cohort_shares_after_event: 1022648133.285

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想定日: 2033-10-14
year: 6.937713894593
金額: 0.143316076
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.15453375
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 15.4934719
company_cash_paid_oku: 0.15453375
issuer_shares_cancelled: 997412.015
old_holder_shares_tendered: 925009.43
old_holder_fraction_pre_buyback: 0.927409551817
ordinary_issued_after_event: 1101695709.143
old_cohort_shares_after_event: 1021723123.855

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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: 0.255465025
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1101695709.143
old_cohort_shares_after_event: 1021723123.855

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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: 0.255465025
record_date: 2034-05-15
payment_date: 2034-06-12
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1021723123.855
issued_shares_eligible_at_ex_date: 1101695709.143
ordinary_issued_after_event: 1101695709.143
old_cohort_shares_after_event: 1021723123.855

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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: 1101695709.143
old_cohort_shares_after_event: 1021723123.855

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想定日: 2034-06-12
year: 7.597535934292
金額: 2.610145234
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2034-05-12
assumed_dps_eur: 0.255465025
company_dividend_cash_outflow_oku: 2.814447219
old_holder_remaining_shares_today: 1021723123.855
ordinary_issued_after_event: 1101695709.143
old_cohort_shares_after_event: 1021723123.855

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想定日: 2034-06-14
year: 7.603011635866
金額: 0.317517533
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: 2035841.501
SIF_share_purchase_quantity: 2195191.431
SIF_purchase_execution_price_eur_assumed: 15.5963778
external_shares_outside_cohort_before_trade_raw: 79972585.288
external_coverage_raw_unrestricted_stock_multiple: 36.430802
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: 1101695709.143
old_cohort_shares_after_event: 1019687282.354

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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: 1101695709.143
old_cohort_shares_after_event: 1019687282.354

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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: 0.281011527
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1101695709.143
old_cohort_shares_after_event: 1019687282.354

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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: 0.281011527
record_date: 2034-08-21
payment_date: 2034-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1019687282.354
issued_shares_eligible_at_ex_date: 1101695709.143
ordinary_issued_after_event: 1101695709.143
old_cohort_shares_after_event: 1019687282.354

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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: 1101695709.143
old_cohort_shares_after_event: 1019687282.354

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想定日: 2034-09-15
year: 7.857631759069
金額: 2.865438803
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2034-08-18
assumed_dps_eur: 0.281011527
company_dividend_cash_outflow_oku: 3.095891935
old_holder_remaining_shares_today: 1019687282.354
ordinary_issued_after_event: 1101695709.143
old_cohort_shares_after_event: 1019687282.354

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想定日: 2034-10-13
year: 7.934291581109
金額: 0.145175968
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.156851756
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 15.6478737
company_cash_paid_oku: 0.156851756
issuer_shares_cancelled: 1002383.831
old_holder_shares_tendered: 927768.018
old_holder_fraction_pre_buyback: 0.925561635478
ordinary_issued_after_event: 1100693325.312
old_cohort_shares_after_event: 1018759514.336

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: 0.258530605
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1100693325.312
old_cohort_shares_after_event: 1018759514.336

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: 0.258530605
record_date: 2035-05-15
payment_date: 2035-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1018759514.336
issued_shares_eligible_at_ex_date: 1100693325.312
ordinary_issued_after_event: 1100693325.312
old_cohort_shares_after_event: 1018759514.336

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: 1100693325.312
old_cohort_shares_after_event: 1018759514.336

103

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想定日: 2035-06-11
year: 8.594113620808
金額: 2.633805136
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2035-05-14
assumed_dps_eur: 0.258530605
company_dividend_cash_outflow_oku: 2.845629113
old_holder_remaining_shares_today: 1018759514.336
ordinary_issued_after_event: 1100693325.312
old_cohort_shares_after_event: 1018759514.336

104

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想定日: 2035-06-14
year: 8.602327173169
金額: 0.327975831
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: 2082090.857
SIF_share_purchase_quantity: 2249543.171
SIF_purchase_execution_price_eur_assumed: 15.7522343
external_shares_outside_cohort_before_trade_raw: 81933810.976
external_coverage_raw_unrestricted_stock_multiple: 36.422422
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: 1100693325.312
old_cohort_shares_after_event: 1016677423.479

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: 1100693325.312
old_cohort_shares_after_event: 1016677423.479

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: 0.284383665
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1100693325.312
old_cohort_shares_after_event: 1016677423.479

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: 0.284383665
record_date: 2035-08-21
payment_date: 2035-09-17
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1016677423.479
issued_shares_eligible_at_ex_date: 1100693325.312
ordinary_issued_after_event: 1100693325.312
old_cohort_shares_after_event: 1016677423.479

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: 1100693325.312
old_cohort_shares_after_event: 1016677423.479

109

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想定日: 2035-09-17
year: 8.862422997947
金額: 2.891264518
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2035-08-20
assumed_dps_eur: 0.284383665
company_dividend_cash_outflow_oku: 3.130192019
old_holder_remaining_shares_today: 1016677423.479
ordinary_issued_after_event: 1100693325.312
old_cohort_shares_after_event: 1016677423.479

110

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想定日: 2035-10-15
year: 8.939082819986
金額: 0.147052454
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.159204533
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 15.8051059
company_cash_paid_oku: 0.159204533
issuer_shares_cancelled: 1007298.108
old_holder_shares_tendered: 930411.061
old_holder_fraction_pre_buyback: 0.923670017887
ordinary_issued_after_event: 1099686027.205
old_cohort_shares_after_event: 1015747012.418

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: 0.261632972
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1099686027.205
old_cohort_shares_after_event: 1015747012.418

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: 0.261632972
record_date: 2036-05-15
payment_date: 2036-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1015747012.418
issued_shares_eligible_at_ex_date: 1099686027.205
ordinary_issued_after_event: 1099686027.205
old_cohort_shares_after_event: 1015747012.418

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: 1099686027.205
old_cohort_shares_after_event: 1015747012.418

114

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想定日: 2036-06-11
year: 9.596167008898
金額: 2.657529097
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2036-05-14
assumed_dps_eur: 0.261632972
company_dividend_cash_outflow_oku: 2.877141236
old_holder_remaining_shares_today: 1015747012.418
ordinary_issued_after_event: 1099686027.205
old_cohort_shares_after_event: 1015747012.418

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: 1099686027.205
old_cohort_shares_after_event: 1015747012.418

116

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想定日: 2036-06-13
year: 9.601642710472
金額: 0.287854483
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: 1809307.639
SIF_share_purchase_quantity: 1958824.693
SIF_purchase_execution_price_eur_assumed: 15.9096483
external_shares_outside_cohort_before_trade_raw: 83939014.786
external_coverage_raw_unrestricted_stock_multiple: 42.851724
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: 1099686027.205
old_cohort_shares_after_event: 1013937704.779

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: 0.287796269
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1099686027.205
old_cohort_shares_after_event: 1013937704.779

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: 0.287796269
record_date: 2036-08-21
payment_date: 2036-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1013937704.779
issued_shares_eligible_at_ex_date: 1099686027.205
ordinary_issued_after_event: 1099686027.205
old_cohort_shares_after_event: 1013937704.779

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: 1099686027.205
old_cohort_shares_after_event: 1013937704.779

120

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想定日: 2036-09-15
year: 9.859000684463
金額: 2.918074884
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2036-08-20
assumed_dps_eur: 0.287796269
company_dividend_cash_outflow_oku: 3.164855357
old_holder_remaining_shares_today: 1013937704.779
ordinary_issued_after_event: 1099686027.205
old_cohort_shares_after_event: 1013937704.779

121

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想定日: 2036-10-15
year: 9.941136208077
金額: 0.148992373
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.161592601
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 15.9634832
company_cash_paid_oku: 0.161592601
issuer_shares_cancelled: 1012264.049
old_holder_shares_tendered: 933332.48
old_holder_fraction_pre_buyback: 0.922024723145
ordinary_issued_after_event: 1098673763.155
old_cohort_shares_after_event: 1013004372.3

その他の数値・前提

scenario

mild_bear

label_jp

やや弱気

assumptions

内容を開く

growth

内容を開く

1: -0.02
2: 0.09
3: 0.02
4: 0.02

take

0.009

margins

1: 0.49
2: 0.515
3: 0.52

carry

0.62

invest_return

0.047

partner_comp

0.62

carry_cash

0.77

dividend_growth

0.012

div_mult

0.94

buybacks

1: 0.35
2: 0.2
3: 0.15

mincash

buy_price_growth

0.01

maint

0.26

gp_net

0.2

terminal_g

0.012

terminal_carry_g

0.01

gp_nav_haircut

0.67

carry_recv_haircut

0.5

marathon_units

34000000

earnout_units

2000000

earnout_cash

0.3

Marathon_initial_subco_34m_reference_component_subject_to_closing_adjustments_not_guaranteed_floor

34000000

Marathon_initial_subco_FY2027_performance_adjustable_additional_assumed_ordinary_equiv

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）

68.449680265

期間内株主受取

58.052390215

終価

77.053571098

net_sum

68.449680265

payout

58.052390215

mcap

77.053571098

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: 173.068
effective_management_fee_rate_assumed: 0.009
annualized_fee_related_revenue_oku: 15.73506
annualized_gross_carry_oku: 3.968
annualized_gross_investment_income_oku: 0.870356301
fee_operating_margin_before_sbc_assumed: 0.49

income_oku

内容を開く

management_fees_and_fee_related_performance_revenue: 15.73506
gross_carried_interest_performance_revenue: 3.968
investment_income_including_fund_nci: 0.870356301
other_operating_income: 0.03
ifrs_total_revenue: 20.603416301
fee_related_cash_operating_cost_excluding_sbc: 8.0248806
performance_linked_personnel_cost: 2.46016
sbc_expense_left_in_ifrs_profit: 0.2691
earnings_before_depreciation_finance_and_tax: 9.849275701
depreciation_and_amortization: 1.75
ifrs_operating_profit: 8.099275701
net_finance_expense: 0.627979181
ifrs_profit_before_tax: 7.47129652
cash_and_deferred_tax_expense_assumption: 1.494259304
ifrs_consolidated_profit: 5.977037216
nci_profit_fund_investments: 0.382956773
nci_profit_dif_remaining_interest: 0.055
nci_profit_marathon_subco: 0.34
ifrs_noncontrolling_profit_total: 0.777956773
ifrs_parent_attributable_profit_after_sbc: 5.199080443
ifrs_parent_profit_annualized_for_comparison: 5.199080443

owner_cash_bridge_oku

内容を開く

consolidated_ifrs_profit_after_tax: 5.977037216
noncash_sbc_addback_to_company_cash_only: 0.2691
noncash_DA_addback_to_company_cash: 1.75
unrealized_investment_gains_removed_from_cash: 0.870356301
carry_income_recognized_in_ifrs: 3.968
assumed_carry_cash_collected: 3.05536
carry_current_year_accrual_cash_collected_only: 3.05536
carry_prior_year_vintage_cash_collected_assumed: 0
carry_additional_company_partner_bonus_assumed_cash_paid_on_accrual: 2.46016
carry_tax_component_assumed_paid_on_accrual: 0.301568
total_income_tax_expense_assumed_paid_as_cash_in_period: 1.494259304
carry_receivable_book_is_company_IFRS_entitlement_not_external_employee_carry: はい
carry_receivable_growth_deducted: 0.91264
maintenance_cash_capex: 0.26
gp_commitment_net_cash_deployment: 0.2
consolidated_cash_available_before_distributions_debt: 5.753140915
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: 5.753140915
parent_dividend_cash_outflow: 5.175892933
issuer_share_repurchase_cash_outflow: 0.35
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: 0.284743151
available_parent_cash_end: 6.69032305
debt_cash_repayment: 0.35
new_debt_cash_drawing: 0
end: 6.975066201

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: 15.004933799

assets_and_nci_oku

内容を開く

owner_gp_investment_nav_begin: 10.634186301
owner_gp_investment_NAV_end: 11.29158583
owner_share_investment_fv_gain: 0.487399529
owner_share_gp_new_investment_cash: 0.17
nci_owned_investment_NAV_begin: 7.884032877
nci_owned_investment_NAV_end: 8.296989649
nci_share_investment_fv_gain: 0.382956773
nci_share_gp_new_investment_cash: 0.03
accrued_carry_receivable_begin: 2.463287671
accrued_carry_receivable_end: 3.375927671
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: 26.677945205

親会社持分（億）

内容を開く

begin: 17.023494247
parent_ifrs_net_profit: 5.199080443
equity_settled_SBC_credit_noncash: 0.2691
cash_dividends_declared_and_assumed_paid: 5.175892933
company_cash_buybacks: 0.35
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: 19.960781757

noncontrolling_equity_oku

内容を開く

begin: 12.811026027
noncontrolling_net_profit: 0.777956773
distributions_paid: 0.21725
capital_contributions: 0.1
converted_into_parent_equity_noncash: 0.895
end: 12.5767328

株数

内容を開く

issued_and_outstanding_begin: 1042567473
new_ordinary_shares_for_dif_marathon: 16522500
issuer_bought_and_cancelled: 2408958.276
issued_and_outstanding_end: 1056681014.724
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: 2408958.276
old_holder_cohort_shares_sold_to_company_funded_SIF: 0
old_holder_cohort_shares_end: 1040158514.724
old_holder_fraction_end: 0.984363776987

holder_annual_cash_oku

内容を開く

dividends_to_original_shareholder_cohort: 5.133182271
pro_rata_tender_cash_to_original_shareholder_cohort: 0.35
company_funded_SIF_market_purchase_cash_to_original_shareholder_cohort: 0
total_cash_to_original_shareholder_cohort: 5.483182271

company_dividend_buyback_comparison

内容を開く

company_dividends_oku: 5.175892933
company_buybacks_oku: 0.35
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: 3.968
same_vintage_cash_collected: 3.05536
prior_vintage_collection_modeled: 0
carry_receivable_end: 3.375927671
company_internal_partner_bonus_recognized_and_assumed_cash_paid: 2.46016
corporate_tax_on_carry_after_bonus_recognized_and_assumed_cash_paid: 0.301568
other_corporate_income_tax_assumed_cash_paid: 1.192691304
total_company_tax_model_assumed_cash_paid: 1.494259304
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: 0.235
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: 0.35
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.35
buyback_class: within_350m_old_2026_program_assumed
buyback_execution_price_eur_assumed: 14.5291018
company_cash_paid_oku: 0.35
issuer_shares_cancelled: 2408958.276
old_holder_shares_tendered: 2408958.276
old_holder_fraction_pre_buyback: 1
ordinary_issued_after_event: 1040158514.724
old_cohort_shares_after_event: 1040158514.724

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: 1040158514.724
old_cohort_shares_after_event: 1040158514.724

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: 0.235
record_date: 2027-05-17
payment_date: 2027-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1040158514.724
issued_shares_eligible_at_ex_date: 1040158514.724
ordinary_issued_after_event: 1040158514.724
old_cohort_shares_after_event: 1040158514.724

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: 1040158514.724
old_cohort_shares_after_event: 1040158514.724

内容を開く

想定日: 2027-06-11
year: 0.594113620808
金額: 2.44437251
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2027-05-14
assumed_dps_eur: 0.235
company_dividend_cash_outflow_oku: 2.44437251
old_holder_remaining_shares_today: 1040158514.724
ordinary_issued_after_event: 1040158514.724
old_cohort_shares_after_event: 1040158514.724

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: 1040158514.724
old_cohort_shares_after_event: 1040158514.724

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: 0.984363776987
ordinary_issued_after_event: 1056681014.724
old_cohort_shares_after_event: 1040158514.724

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: 0.2585
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1056681014.724
old_cohort_shares_after_event: 1040158514.724

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: 0.2585
record_date: 2027-08-23
payment_date: 2027-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1040158514.724
issued_shares_eligible_at_ex_date: 1056681014.724
ordinary_issued_after_event: 1056681014.724
old_cohort_shares_after_event: 1040158514.724

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: 1056681014.724
old_cohort_shares_after_event: 1040158514.724

内容を開く

想定日: 2027-09-15
year: 0.856947296372
金額: 2.688809761
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2027-08-20
assumed_dps_eur: 0.2585
company_dividend_cash_outflow_oku: 2.731520423
old_holder_remaining_shares_today: 1040158514.724
ordinary_issued_after_event: 1056681014.724
old_cohort_shares_after_event: 1040158514.724

annual_full_year_terminal_runrate

内容を開く

fee_revenue_oku: 15.73506
fpaum_end_billion_eur: 173.068
fee_margin_excluding_SBC: 0.49
gross_carry_oku: 3.968
gross_investment_income_oku: 0.870356301
sbc_annual_oku: 0.2691
DA_full_year_oku: 1.75
maintenance_capex_full_year_oku: 0.26
GP_commitment_net_investment_full_year_oku: 0.2

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: 173.068
fpaum_closing_billion_eur: 188.64412
effective_management_fee_rate_assumed: 0.009
annualized_fee_related_revenue_oku: 16.2770454
annualized_gross_carry_oku: 7.316
annualized_gross_investment_income_oku: 0.920663048
fee_operating_margin_before_sbc_assumed: 0.515

income_oku

内容を開く

management_fees_and_fee_related_performance_revenue: 16.2770454
gross_carried_interest_performance_revenue: 7.316
investment_income_including_fund_nci: 0.920663048
other_operating_income: 0.03
ifrs_total_revenue: 24.543708448
fee_related_cash_operating_cost_excluding_sbc: 7.894367019
performance_linked_personnel_cost: 4.53592
sbc_expense_left_in_ifrs_profit: 0.2785185
earnings_before_depreciation_finance_and_tax: 11.834902929
depreciation_and_amortization: 1.771
ifrs_operating_profit: 10.063902929
net_finance_expense: 0.619659206
ifrs_profit_before_tax: 9.444243723
cash_and_deferred_tax_expense_assumption: 1.888848745
ifrs_consolidated_profit: 7.555394978
nci_profit_fund_investments: 0.405091741
nci_profit_dif_remaining_interest: 0.045
nci_profit_marathon_subco: 0.17
ifrs_noncontrolling_profit_total: 0.620091741
ifrs_parent_attributable_profit_after_sbc: 6.935303237
ifrs_parent_profit_annualized_for_comparison: 6.935303237

owner_cash_bridge_oku

内容を開く

consolidated_ifrs_profit_after_tax: 7.555394978
noncash_sbc_addback_to_company_cash_only: 0.2785185
noncash_DA_addback_to_company_cash: 1.771
unrealized_investment_gains_removed_from_cash: 0.920663048
carry_income_recognized_in_ifrs: 7.316
assumed_carry_cash_collected: 5.63332
carry_current_year_accrual_cash_collected_only: 5.63332
carry_prior_year_vintage_cash_collected_assumed: 0
carry_additional_company_partner_bonus_assumed_cash_paid_on_accrual: 4.53592
carry_tax_component_assumed_paid_on_accrual: 0.556016
total_income_tax_expense_assumed_paid_as_cash_in_period: 1.888848745
carry_receivable_book_is_company_IFRS_entitlement_not_external_employee_carry: はい
carry_receivable_growth_deducted: 1.68268
maintenance_cash_capex: 0.26
gp_commitment_net_cash_deployment: 0.2
consolidated_cash_available_before_distributions_debt: 6.541570431
not_pretended_to_be_ifrs_reported_cash_flow: はい

company_cash_oku

内容を開く

begin: 6.975066201
owner_free_cash_before_holder_and_nci_distributions: 6.541570431
parent_dividend_cash_outflow: 5.366242137
issuer_share_repurchase_cash_outflow: 0.2
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: 0.284743151
restricted_noncontrolling_cash_end: 0.451493151
available_parent_cash_end: 6.852132844
debt_cash_repayment: 0.35
new_debt_cash_drawing: 0
end: 7.303625995

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: 14.326374005

assets_and_nci_oku

内容を開く

owner_gp_investment_nav_begin: 11.29158583
owner_gp_investment_NAV_end: 11.977157137
owner_share_investment_fv_gain: 0.515571307
owner_share_gp_new_investment_cash: 0.17
nci_owned_investment_NAV_begin: 8.296989649
nci_owned_investment_NAV_end: 8.73208139
nci_share_investment_fv_gain: 0.405091741
nci_share_gp_new_investment_cash: 0.03
accrued_carry_receivable_begin: 3.375927671
accrued_carry_receivable_end: 5.058607671
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: 25.166945205

親会社持分（億）

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begin: 19.960781757
parent_ifrs_net_profit: 6.935303237
equity_settled_SBC_credit_noncash: 0.2785185
cash_dividends_declared_and_assumed_paid: 5.366242137
company_cash_buybacks: 0.2
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: 27.329842857

noncontrolling_equity_oku

内容を開く

begin: 12.5767328
noncontrolling_net_profit: 0.620091741
distributions_paid: 0.11825
capital_contributions: 0.1
converted_into_parent_equity_noncash: 6
end: 7.178574541

株数

内容を開く

issued_and_outstanding_begin: 1056681014.724
new_ordinary_shares_for_dif_marathon: 34000000
issuer_bought_and_cancelled: 1356741.127
issued_and_outstanding_end: 1089324273.596
employee_SIF_old_shares_delivered_existing_no_new_issuance_shares: 0
employee_share_issuance_shares: 0
old_holder_cohort_shares_begin: 1040158514.724
old_holder_cohort_shares_pro_rata_tendered: 1291573.024
old_holder_cohort_shares_sold_to_company_funded_SIF: 1865985.439
old_holder_cohort_shares_end: 1037000956.26
old_holder_fraction_end: 0.951967179467

holder_annual_cash_oku

内容を開く

dividends_to_original_shareholder_cohort: 5.189899002
pro_rata_tender_cash_to_original_shareholder_cohort: 0.190393436
company_funded_SIF_market_purchase_cash_to_original_shareholder_cohort: 0.274163523
total_cash_to_original_shareholder_cohort: 5.654455961

company_dividend_buyback_comparison

内容を開く

company_dividends_oku: 5.366242137
company_buybacks_oku: 0.2
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: 14.6926936
required_shares: 1895625.868
outsider_shares_raw_before_event: 16522500
raw_coverage_ratio: 8.7161187
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: 1865985.439
oldholder_cash_inflow_oku: 0.274163523
oldholder_fraction_pre_SIF: 0.984363776987

carry_recognized_cash_and_tax_timing_oku

内容を開く

carry_receivable_begin: 3.375927671
IFRS_company_carry_recognized: 7.316
same_vintage_cash_collected: 5.63332
prior_vintage_collection_modeled: 0
carry_receivable_end: 5.058607671
company_internal_partner_bonus_recognized_and_assumed_cash_paid: 4.53592
corporate_tax_on_carry_after_bonus_recognized_and_assumed_cash_paid: 0.556016
other_corporate_income_tax_assumed_cash_paid: 1.332832745
total_company_tax_model_assumed_cash_paid: 1.888848745
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: 0.23782
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1056681014.724
old_cohort_shares_after_event: 1040158514.724

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: 0.23782
record_date: 2028-05-15
payment_date: 2028-06-12
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1040158514.724
issued_shares_eligible_at_ex_date: 1056681014.724
ordinary_issued_after_event: 1056681014.724
old_cohort_shares_after_event: 1040158514.724

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: 1056681014.724
old_cohort_shares_after_event: 1040158514.724

内容を開く

想定日: 2028-06-12
year: 1.598904859685
金額: 2.47370498
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2028-05-12
assumed_dps_eur: 0.23782
company_dividend_cash_outflow_oku: 2.512998789
old_holder_remaining_shares_today: 1040158514.724
ordinary_issued_after_event: 1056681014.724
old_cohort_shares_after_event: 1040158514.724

内容を開く

想定日: 2028-06-14
year: 1.604380561259
金額: 0.274163523
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: 1865985.439
SIF_share_purchase_quantity: 1895625.868
SIF_purchase_execution_price_eur_assumed: 14.6926936
external_shares_outside_cohort_before_trade_raw: 16522500
external_coverage_raw_unrestricted_stock_multiple: 8.716119
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: 1056681014.724
old_cohort_shares_after_event: 1038292529.285

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: 1056681014.724
old_cohort_shares_after_event: 1038292529.285

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: 34000000
nci_equity_reclass_oku: 6
old_holder_fraction_after_share_settlement: 0.951967179467
ordinary_issued_after_event: 1090681014.724
old_cohort_shares_after_event: 1038292529.285

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: 0.261602
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1090681014.724
old_cohort_shares_after_event: 1038292529.285

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: 0.261602
record_date: 2028-08-21
payment_date: 2028-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1038292529.285
issued_shares_eligible_at_ex_date: 1090681014.724
ordinary_issued_after_event: 1090681014.724
old_cohort_shares_after_event: 1038292529.285

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: 1090681014.724
old_cohort_shares_after_event: 1038292529.285

内容を開く

想定日: 2028-09-15
year: 1.859000684463
金額: 2.716194022
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2028-08-18
assumed_dps_eur: 0.261602
company_dividend_cash_outflow_oku: 2.853243348
old_holder_remaining_shares_today: 1038292529.285
ordinary_issued_after_event: 1090681014.724
old_cohort_shares_after_event: 1038292529.285

内容を開く

想定日: 2028-10-13
year: 1.935660506502
金額: 0.190393436
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.2
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 14.7412057
company_cash_paid_oku: 0.2
issuer_shares_cancelled: 1356741.127
old_holder_shares_tendered: 1291573.024
old_holder_fraction_pre_buyback: 0.951967179467
ordinary_issued_after_event: 1089324273.596
old_cohort_shares_after_event: 1037000956.26

annual_full_year_terminal_runrate

内容を開く

fee_revenue_oku: 16.2770454
fpaum_end_billion_eur: 188.64412
fee_margin_excluding_SBC: 0.515
gross_carry_oku: 7.316
gross_investment_income_oku: 0.920663048
sbc_annual_oku: 0.2785185
DA_full_year_oku: 1.771
maintenance_capex_full_year_oku: 0.26
GP_commitment_net_investment_full_year_oku: 0.2

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: 188.64412
fpaum_closing_billion_eur: 192.417002
effective_management_fee_rate_assumed: 0.009
annualized_fee_related_revenue_oku: 17.147750508
annualized_gross_carry_oku: 7.936
annualized_gross_investment_income_oku: 0.973334211
fee_operating_margin_before_sbc_assumed: 0.52

income_oku

内容を開く

management_fees_and_fee_related_performance_revenue: 17.147750508
gross_carried_interest_performance_revenue: 7.936
investment_income_including_fund_nci: 0.973334211
other_operating_income: 0.03
ifrs_total_revenue: 26.087084719
fee_related_cash_operating_cost_excluding_sbc: 8.230920244
performance_linked_personnel_cost: 4.92032
sbc_expense_left_in_ifrs_profit: 0.288266647
earnings_before_depreciation_finance_and_tax: 12.647577827
depreciation_and_amortization: 1.792252
ifrs_operating_profit: 10.855325827
net_finance_expense: 0.604516488
ifrs_profit_before_tax: 10.250809339
cash_and_deferred_tax_expense_assumption: 2.050161868
ifrs_consolidated_profit: 8.200647471
nci_profit_fund_investments: 0.428267053
nci_profit_dif_remaining_interest: 0.025
nci_profit_marathon_subco: 0
ifrs_noncontrolling_profit_total: 0.453267053
ifrs_parent_attributable_profit_after_sbc: 7.747380419
ifrs_parent_profit_annualized_for_comparison: 7.747380419

owner_cash_bridge_oku

内容を開く

consolidated_ifrs_profit_after_tax: 8.200647471
noncash_sbc_addback_to_company_cash_only: 0.288266647
noncash_DA_addback_to_company_cash: 1.792252
unrealized_investment_gains_removed_from_cash: 0.973334211
carry_income_recognized_in_ifrs: 7.936
assumed_carry_cash_collected: 6.11072
carry_current_year_accrual_cash_collected_only: 6.11072
carry_prior_year_vintage_cash_collected_assumed: 0
carry_additional_company_partner_bonus_assumed_cash_paid_on_accrual: 4.92032
carry_tax_component_assumed_paid_on_accrual: 0.603136
total_income_tax_expense_assumed_paid_as_cash_in_period: 2.050161868
carry_receivable_book_is_company_IFRS_entitlement_not_external_employee_carry: はい
carry_receivable_growth_deducted: 1.82528
maintenance_cash_capex: 0.26
gp_commitment_net_cash_deployment: 0.2
consolidated_cash_available_before_distributions_debt: 7.022551908
not_pretended_to_be_ifrs_reported_cash_flow: はい

company_cash_oku

内容を開く

begin: 7.303625995
owner_free_cash_before_holder_and_nci_distributions: 7.022551908
parent_dividend_cash_outflow: 5.554645668
issuer_share_repurchase_cash_outflow: 0.225
noncontrolling_distributions: 0.01375
noncontrolling_fund_contributions: 0.1
marathon_earnout_cash_to_sellers: 0.3
company_funded_SIF_replenishment_total_company_outflow: 0.288266647
restricted_noncontrolling_cash_begin: 0.451493151
restricted_noncontrolling_cash_end: 0.532743151
available_parent_cash_end: 7.161772437
debt_cash_repayment: 0.35
new_debt_cash_drawing: 0
end: 7.694515588

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: 13.585484412

assets_and_nci_oku

内容を開く

owner_gp_investment_nav_begin: 11.977157137
owner_gp_investment_NAV_end: 12.692224295
owner_share_investment_fv_gain: 0.545067158
owner_share_gp_new_investment_cash: 0.17
nci_owned_investment_NAV_begin: 8.73208139
nci_owned_investment_NAV_end: 9.190348443
nci_share_investment_fv_gain: 0.428267053
nci_share_gp_new_investment_cash: 0.03
accrued_carry_receivable_begin: 5.058607671
accrued_carry_receivable_end: 6.883887671
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: 24.231621076

親会社持分（億）

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begin: 27.329842857
parent_ifrs_net_profit: 7.747380419
equity_settled_SBC_credit_noncash: 0.288266647
cash_dividends_declared_and_assumed_paid: 5.554645668
company_cash_buybacks: 0.225
reclassification_from_acquired_nci: 0.895
dif_forward_liability_settled_into_equity_noncash: 2.1
earnout_new_share_equity_credit_with_goodwill_noncash: 0.296927871
company_cash_funded_SIF_market_purchase_equity_deduction: 0.288266647
end: 32.589505479

noncontrolling_equity_oku

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begin: 7.178574541
noncontrolling_net_profit: 0.453267053
distributions_paid: 0.01375
capital_contributions: 0.1
converted_into_parent_equity_noncash: 0.895
end: 6.823091594

株数

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issued_and_outstanding_begin: 1089324273.596
new_ordinary_shares_for_dif_marathon: 18522500
issuer_bought_and_cancelled: 1511149.508
issued_and_outstanding_end: 1106335624.088
employee_SIF_old_shares_delivered_existing_no_new_issuance_shares: 0
employee_share_issuance_shares: 0
old_holder_cohort_shares_begin: 1037000956.26
old_holder_cohort_shares_pro_rata_tendered: 1411990.379
old_holder_cohort_shares_sold_to_company_funded_SIF: 1849253.866
old_holder_cohort_shares_end: 1033739712.015
old_holder_fraction_end: 0.934381655537

holder_annual_cash_oku

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dividends_to_original_shareholder_cohort: 5.236263309
pro_rata_tender_cash_to_original_shareholder_cohort: 0.210235872
company_funded_SIF_market_purchase_cash_to_original_shareholder_cohort: 0.274420387
total_cash_to_original_shareholder_cohort: 5.720919568

company_dividend_buyback_comparison

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company_dividends_oku: 5.554645668
company_buybacks_oku: 0.225
sbc_non_cash_event_amount: 0
SIF_company_cash_market_purchase_distinct_from_issuer_repurchase: 0.288266647

SIF_seller_liquidity_ledger

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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: 14.8395194
required_shares: 1942560.527
outsider_shares_raw_before_event: 52323317.336
raw_coverage_ratio: 26.9352314
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: 1849253.866
oldholder_cash_inflow_oku: 0.274420387
oldholder_fraction_pre_SIF: 0.951967179467

carry_recognized_cash_and_tax_timing_oku

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carry_receivable_begin: 5.058607671
IFRS_company_carry_recognized: 7.936
same_vintage_cash_collected: 6.11072
prior_vintage_collection_modeled: 0
carry_receivable_end: 6.883887671
company_internal_partner_bonus_recognized_and_assumed_cash_paid: 4.92032
corporate_tax_on_carry_after_bonus_recognized_and_assumed_cash_paid: 0.603136
other_corporate_income_tax_assumed_cash_paid: 1.447025868
total_company_tax_model_assumed_cash_paid: 2.050161868
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: 0.24067384
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1089324273.596
old_cohort_shares_after_event: 1037000956.26

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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: 0.24067384
record_date: 2029-05-15
payment_date: 2029-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1037000956.26
issued_shares_eligible_at_ex_date: 1089324273.596
ordinary_issued_after_event: 1089324273.596
old_cohort_shares_after_event: 1037000956.26

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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: 1089324273.596
old_cohort_shares_after_event: 1037000956.26

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想定日: 2029-06-11
year: 2.595482546201
金額: 2.495790022
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2029-05-14
assumed_dps_eur: 0.24067384
company_dividend_cash_outflow_oku: 2.621718559
old_holder_remaining_shares_today: 1037000956.26
ordinary_issued_after_event: 1089324273.596
old_cohort_shares_after_event: 1037000956.26

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想定日: 2029-06-14
year: 2.603696098563
金額: 0.274420387
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: 1849253.866
SIF_share_purchase_quantity: 1942560.527
SIF_purchase_execution_price_eur_assumed: 14.8395194
external_shares_outside_cohort_before_trade_raw: 52323317.336
external_coverage_raw_unrestricted_stock_multiple: 26.935231
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: 1089324273.596
old_cohort_shares_after_event: 1035151702.394

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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: 1089324273.596
old_cohort_shares_after_event: 1035151702.394

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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: 0.93607154907
ordinary_issued_after_event: 1105846773.596
old_cohort_shares_after_event: 1035151702.394

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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: 2000000
non_cash_goodwill_eur_oku: 0.296927871
old_holder_fraction_after_share_settlement: 0.934381655537
ordinary_issued_after_event: 1107846773.596
old_cohort_shares_after_event: 1035151702.394

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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: 0.3
ordinary_issued_after_event: 1107846773.596
old_cohort_shares_after_event: 1035151702.394

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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: 0.264741224
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1107846773.596
old_cohort_shares_after_event: 1035151702.394

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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: 0.264741224
record_date: 2029-08-21
payment_date: 2029-09-17
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1035151702.394
issued_shares_eligible_at_ex_date: 1107846773.596
ordinary_issued_after_event: 1107846773.596
old_cohort_shares_after_event: 1035151702.394

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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: 1107846773.596
old_cohort_shares_after_event: 1035151702.394

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想定日: 2029-09-17
year: 2.86379192334
金額: 2.740473287
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2029-08-20
assumed_dps_eur: 0.264741224
company_dividend_cash_outflow_oku: 2.932927108
old_holder_remaining_shares_today: 1035151702.394
ordinary_issued_after_event: 1107846773.596
old_cohort_shares_after_event: 1035151702.394

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想定日: 2029-10-15
year: 2.94045174538
金額: 0.210235872
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.225
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 14.8893275
company_cash_paid_oku: 0.225
issuer_shares_cancelled: 1511149.508
old_holder_shares_tendered: 1411990.379
old_holder_fraction_pre_buyback: 0.934381655537
ordinary_issued_after_event: 1106335624.088
old_cohort_shares_after_event: 1033739712.015

annual_full_year_terminal_runrate

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fee_revenue_oku: 17.147750508
fpaum_end_billion_eur: 192.4170024
fee_margin_excluding_SBC: 0.52
gross_carry_oku: 7.936
gross_investment_income_oku: 0.973334211
sbc_annual_oku: 0.288266647
DA_full_year_oku: 1.792252
maintenance_capex_full_year_oku: 0.26
GP_commitment_net_investment_full_year_oku: 0.2

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

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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: 192.417002
fpaum_closing_billion_eur: 195.880508
effective_management_fee_rate_assumed: 0.009
annualized_fee_related_revenue_oku: 17.473387988
annualized_gross_carry_oku: 2.914
annualized_gross_investment_income_oku: 1.028480919
fee_operating_margin_before_sbc_assumed: 0.52

income_oku

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management_fees_and_fee_related_performance_revenue: 17.473387988
gross_carried_interest_performance_revenue: 2.914
investment_income_including_fund_nci: 1.028480919
other_operating_income: 0.03
ifrs_total_revenue: 21.445868907
fee_related_cash_operating_cost_excluding_sbc: 8.387226234
performance_linked_personnel_cost: 1.80668
sbc_expense_left_in_ifrs_profit: 0.29835598
earnings_before_depreciation_finance_and_tax: 10.953606692
depreciation_and_amortization: 1.813759024
ifrs_operating_profit: 9.139847668
net_finance_expense: 0.588625813
ifrs_profit_before_tax: 8.551221855
cash_and_deferred_tax_expense_assumption: 1.710244371
ifrs_consolidated_profit: 6.840977484
nci_profit_fund_investments: 0.452531604
nci_profit_dif_remaining_interest: 0
nci_profit_marathon_subco: 0
ifrs_noncontrolling_profit_total: 0.452531604
ifrs_parent_attributable_profit_after_sbc: 6.38844588
ifrs_parent_profit_annualized_for_comparison: 6.38844588

owner_cash_bridge_oku

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consolidated_ifrs_profit_after_tax: 6.840977484
noncash_sbc_addback_to_company_cash_only: 0.29835598
noncash_DA_addback_to_company_cash: 1.813759024
unrealized_investment_gains_removed_from_cash: 1.028480919
carry_income_recognized_in_ifrs: 2.914
assumed_carry_cash_collected: 2.24378
carry_current_year_accrual_cash_collected_only: 2.24378
carry_prior_year_vintage_cash_collected_assumed: 0
carry_additional_company_partner_bonus_assumed_cash_paid_on_accrual: 1.80668
carry_tax_component_assumed_paid_on_accrual: 0.221464
total_income_tax_expense_assumed_paid_as_cash_in_period: 1.710244371
carry_receivable_book_is_company_IFRS_entitlement_not_external_employee_carry: はい
carry_receivable_growth_deducted: 0.67022
maintenance_cash_capex: 0.26
gp_commitment_net_cash_deployment: 0.2
consolidated_cash_available_before_distributions_debt: 6.79439157
not_pretended_to_be_ifrs_reported_cash_flow: はい

company_cash_oku

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begin: 7.694515588
owner_free_cash_before_holder_and_nci_distributions: 6.79439157
parent_dividend_cash_outflow: 5.658685948
issuer_share_repurchase_cash_outflow: 0.25
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: 0.532743151
restricted_noncontrolling_cash_end: 0.602743151
available_parent_cash_end: 7.429122078
debt_cash_repayment: 0.35
new_debt_cash_drawing: 0
end: 8.031865229

financial_debt_oku

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begin: 21.28
debt_drawn_cash: 0
cash_repayment: 0.35
end: 20.93
net_debt_end: 12.898134771

assets_and_nci_oku

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owner_gp_investment_nav_begin: 12.692224295
owner_gp_investment_NAV_end: 13.438173609
owner_share_investment_fv_gain: 0.575949314
owner_share_gp_new_investment_cash: 0.17
nci_owned_investment_NAV_begin: 9.190348443
nci_owned_investment_NAV_end: 9.672880047
nci_share_investment_fv_gain: 0.452531604
nci_share_gp_new_investment_cash: 0.03
accrued_carry_receivable_begin: 6.883887671
accrued_carry_receivable_end: 7.554107671
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: 22.677862052

親会社持分（億）

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begin: 32.589505479
parent_ifrs_net_profit: 6.38844588
equity_settled_SBC_credit_noncash: 0.29835598
cash_dividends_declared_and_assumed_paid: 5.658685948
company_cash_buybacks: 0.25
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: 33.069265411

noncontrolling_equity_oku

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begin: 6.823091594
noncontrolling_net_profit: 0.452531604
distributions_paid: 0
capital_contributions: 0.1
converted_into_parent_equity_noncash: 0
end: 7.375623198

株数

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issued_and_outstanding_begin: 1106335624.088
new_ordinary_shares_for_dif_marathon: 0
issuer_bought_and_cancelled: 1662442.024
issued_and_outstanding_end: 1104673182.064
employee_SIF_old_shares_delivered_existing_no_new_issuance_shares: 0
employee_share_issuance_shares: 0
old_holder_cohort_shares_begin: 1033739712.015
old_holder_cohort_shares_pro_rata_tendered: 1550560.34
old_holder_cohort_shares_sold_to_company_funded_SIF: 1860033.634
old_holder_cohort_shares_end: 1030329118.042
old_holder_fraction_end: 0.932700399331

holder_annual_cash_oku

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dividends_to_original_shareholder_cohort: 5.282388977
pro_rata_tender_cash_to_original_shareholder_cohort: 0.2331751
company_funded_SIF_market_purchase_cash_to_original_shareholder_cohort: 0.278778355
total_cash_to_original_shareholder_cohort: 5.794342432

company_dividend_buyback_comparison

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company_dividends_oku: 5.658685948
company_buybacks_oku: 0.25
sbc_non_cash_event_amount: 0
SIF_company_cash_market_purchase_distinct_from_issuer_repurchase: 0.29835598

SIF_seller_liquidity_ledger

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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: 14.9878126
required_shares: 1990657.268
outsider_shares_raw_before_event: 72595912.073
raw_coverage_ratio: 36.4683129
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: 1860033.634
oldholder_cash_inflow_oku: 0.278778355
oldholder_fraction_pre_SIF: 0.934381655537

carry_recognized_cash_and_tax_timing_oku

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carry_receivable_begin: 6.883887671
IFRS_company_carry_recognized: 2.914
same_vintage_cash_collected: 2.24378
prior_vintage_collection_modeled: 0
carry_receivable_end: 7.554107671
company_internal_partner_bonus_recognized_and_assumed_cash_paid: 1.80668
corporate_tax_on_carry_after_bonus_recognized_and_assumed_cash_paid: 0.221464
other_corporate_income_tax_assumed_cash_paid: 1.488780371
total_company_tax_model_assumed_cash_paid: 1.710244371
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: 2030-03-11
year: 3.342915811088
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.243561926
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1106335624.088
old_cohort_shares_after_event: 1033739712.015

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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: 0.243561926
record_date: 2030-05-15
payment_date: 2030-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1033739712.015
issued_shares_eligible_at_ex_date: 1106335624.088
ordinary_issued_after_event: 1106335624.088
old_cohort_shares_after_event: 1033739712.015

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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: 1106335624.088
old_cohort_shares_after_event: 1033739712.015

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想定日: 2030-06-11
year: 3.594798083504
金額: 2.517796352
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2030-05-14
assumed_dps_eur: 0.243561926
company_dividend_cash_outflow_oku: 2.694612354
old_holder_remaining_shares_today: 1033739712.015
ordinary_issued_after_event: 1106335624.088
old_cohort_shares_after_event: 1033739712.015

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: 1106335624.088
old_cohort_shares_after_event: 1033739712.015

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想定日: 2030-06-14
year: 3.603011635866
金額: 0.278778355
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: 1860033.634
SIF_share_purchase_quantity: 1990657.268
SIF_purchase_execution_price_eur_assumed: 14.9878126
external_shares_outside_cohort_before_trade_raw: 72595912.073
external_coverage_raw_unrestricted_stock_multiple: 36.468313
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: 1106335624.088
old_cohort_shares_after_event: 1031879678.381

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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: 0.267918119
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1106335624.088
old_cohort_shares_after_event: 1031879678.381

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: 0.267918119
record_date: 2030-08-21
payment_date: 2030-09-16
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1031879678.381
issued_shares_eligible_at_ex_date: 1106335624.088
ordinary_issued_after_event: 1106335624.088
old_cohort_shares_after_event: 1031879678.381

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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: 1106335624.088
old_cohort_shares_after_event: 1031879678.381

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想定日: 2030-09-16
year: 3.860369609856
金額: 2.764592625
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2030-08-20
assumed_dps_eur: 0.267918119
company_dividend_cash_outflow_oku: 2.964073594
old_holder_remaining_shares_today: 1031879678.381
ordinary_issued_after_event: 1106335624.088
old_cohort_shares_after_event: 1031879678.381

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想定日: 2030-10-15
year: 3.939767282683
金額: 0.2331751
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.25
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 15.0381184
company_cash_paid_oku: 0.25
issuer_shares_cancelled: 1662442.024
old_holder_shares_tendered: 1550560.34
old_holder_fraction_pre_buyback: 0.932700399331
ordinary_issued_after_event: 1104673182.064
old_cohort_shares_after_event: 1030329118.042

annual_full_year_terminal_runrate

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fee_revenue_oku: 17.473387988
fpaum_end_billion_eur: 195.880508443
fee_margin_excluding_SBC: 0.52
gross_carry_oku: 2.914
gross_investment_income_oku: 1.028480919
sbc_annual_oku: 0.29835598
DA_full_year_oku: 1.813759024
maintenance_capex_full_year_oku: 0.26
GP_commitment_net_investment_full_year_oku: 0.2

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

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fpaum_opening_billion_eur: 195.880508
fpaum_closing_billion_eur: 199.014597
effective_management_fee_rate_assumed: 0.009
annualized_fee_related_revenue_oku: 17.770279726
annualized_gross_carry_oku: 3.1
annualized_gross_investment_income_oku: 1.086219522
fee_operating_margin_before_sbc_assumed: 0.52

income_oku

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management_fees_and_fee_related_performance_revenue: 17.770279726
gross_carried_interest_performance_revenue: 3.1
investment_income_including_fund_nci: 1.086219522
other_operating_income: 0.03
ifrs_total_revenue: 21.986499248
fee_related_cash_operating_cost_excluding_sbc: 8.529734268
performance_linked_personnel_cost: 1.922
sbc_expense_left_in_ifrs_profit: 0.308798439
earnings_before_depreciation_finance_and_tax: 11.22596654
depreciation_and_amortization: 1.835524132
ifrs_operating_profit: 9.390442408
net_finance_expense: 0.573377617
ifrs_profit_before_tax: 8.81706479
cash_and_deferred_tax_expense_assumption: 1.763412958
ifrs_consolidated_profit: 7.053651832
nci_profit_fund_investments: 0.47793659
nci_profit_dif_remaining_interest: 0
nci_profit_marathon_subco: 0
ifrs_noncontrolling_profit_total: 0.47793659
ifrs_parent_attributable_profit_after_sbc: 6.575715243
ifrs_parent_profit_annualized_for_comparison: 6.575715243

owner_cash_bridge_oku

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consolidated_ifrs_profit_after_tax: 7.053651832
noncash_sbc_addback_to_company_cash_only: 0.308798439
noncash_DA_addback_to_company_cash: 1.835524132
unrealized_investment_gains_removed_from_cash: 1.086219522
carry_income_recognized_in_ifrs: 3.1
assumed_carry_cash_collected: 2.387
carry_current_year_accrual_cash_collected_only: 2.387
carry_prior_year_vintage_cash_collected_assumed: 0
carry_additional_company_partner_bonus_assumed_cash_paid_on_accrual: 1.922
carry_tax_component_assumed_paid_on_accrual: 0.2356
total_income_tax_expense_assumed_paid_as_cash_in_period: 1.763412958
carry_receivable_book_is_company_IFRS_entitlement_not_external_employee_carry: はい
carry_receivable_growth_deducted: 0.713
maintenance_cash_capex: 0.26
gp_commitment_net_cash_deployment: 0.2
consolidated_cash_available_before_distributions_debt: 6.938754882
not_pretended_to_be_ifrs_reported_cash_flow: はい

company_cash_oku

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begin: 8.031865229
owner_free_cash_before_holder_and_nci_distributions: 6.938754882
parent_dividend_cash_outflow: 5.717985077
issuer_share_repurchase_cash_outflow: 0.15
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: 0.602743151
restricted_noncontrolling_cash_end: 0.672743151
available_parent_cash_end: 7.871093444
debt_cash_repayment: 0.35
new_debt_cash_drawing: 0
end: 8.543836594

financial_debt_oku

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begin: 20.93
debt_drawn_cash: 0
cash_repayment: 0.35
end: 20.58
net_debt_end: 12.036163406

assets_and_nci_oku

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owner_gp_investment_nav_begin: 13.438173609
owner_gp_investment_NAV_end: 14.216456541
owner_share_investment_fv_gain: 0.608282932
owner_share_gp_new_investment_cash: 0.17
nci_owned_investment_NAV_begin: 9.672880047
nci_owned_investment_NAV_end: 10.180816637
nci_share_investment_fv_gain: 0.47793659
nci_share_gp_new_investment_cash: 0.03
accrued_carry_receivable_begin: 7.554107671
accrued_carry_receivable_end: 8.267107671
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: 21.10233792

親会社持分（億）

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begin: 33.069265411
parent_ifrs_net_profit: 6.575715243
equity_settled_SBC_credit_noncash: 0.308798439
cash_dividends_declared_and_assumed_paid: 5.717985077
company_cash_buybacks: 0.15
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: 33.776995577

noncontrolling_equity_oku

内容を開く

begin: 7.375623198
noncontrolling_net_profit: 0.47793659
distributions_paid: 0
capital_contributions: 0.1
converted_into_parent_equity_noncash: 0
end: 7.953559787

株数

内容を開く

issued_and_outstanding_begin: 1104673182.064
new_ordinary_shares_for_dif_marathon: 0
issuer_bought_and_cancelled: 987596.047
issued_and_outstanding_end: 1103685586.017
employee_SIF_old_shares_delivered_existing_no_new_issuance_shares: 0
employee_share_issuance_shares: 0
old_holder_cohort_shares_begin: 1030329118.042
old_holder_cohort_shares_pro_rata_tendered: 919430.174
old_holder_cohort_shares_sold_to_company_funded_SIF: 1902709.214
old_holder_cohort_shares_end: 1027506978.653
old_holder_fraction_end: 0.930977981113

holder_annual_cash_oku

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dividends_to_original_shareholder_cohort: 5.32800809
pro_rata_tender_cash_to_original_shareholder_cohort: 0.139646697
company_funded_SIF_market_purchase_cash_to_original_shareholder_cohort: 0.288016427
total_cash_to_original_shareholder_cohort: 5.755671214

company_dividend_buyback_comparison

内容を開く

company_dividends_oku: 5.717985077
company_buybacks_oku: 0.15
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: 15.1371752
required_shares: 2040000.428
outsider_shares_raw_before_event: 74344064.022
raw_coverage_ratio: 36.443161
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: 1902709.214
oldholder_cash_inflow_oku: 0.288016427
oldholder_fraction_pre_SIF: 0.932700399331

carry_recognized_cash_and_tax_timing_oku

内容を開く

carry_receivable_begin: 7.554107671
IFRS_company_carry_recognized: 3.1
same_vintage_cash_collected: 2.387
prior_vintage_collection_modeled: 0
carry_receivable_end: 8.267107671
company_internal_partner_bonus_recognized_and_assumed_cash_paid: 1.922
corporate_tax_on_carry_after_bonus_recognized_and_assumed_cash_paid: 0.2356
other_corporate_income_tax_assumed_cash_paid: 1.527812958
total_company_tax_model_assumed_cash_paid: 1.763412958
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: 2031-03-10
year: 4.339493497604
金額: 0
種類: assumed_dividend_declaration
date_status: scenario_assumption
dividend_leg: final
assumed_dps_eur: 0.246484669
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1104673182.064
old_cohort_shares_after_event: 1030329118.042

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: 0.246484669
record_date: 2031-05-15
payment_date: 2031-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1030329118.042
issued_shares_eligible_at_ex_date: 1104673182.064
ordinary_issued_after_event: 1104673182.064
old_cohort_shares_after_event: 1030329118.042

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: 1104673182.064
old_cohort_shares_after_event: 1030329118.042

内容を開く

想定日: 2031-06-11
year: 4.594113620808
金額: 2.539603316
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2031-05-14
assumed_dps_eur: 0.246484669
company_dividend_cash_outflow_oku: 2.722850036
old_holder_remaining_shares_today: 1030329118.042
ordinary_issued_after_event: 1104673182.064
old_cohort_shares_after_event: 1030329118.042

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: 1104673182.064
old_cohort_shares_after_event: 1030329118.042

内容を開く

想定日: 2031-06-13
year: 4.599589322382
金額: 0.288016427
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: 1902709.214
SIF_share_purchase_quantity: 2040000.428
SIF_purchase_execution_price_eur_assumed: 15.1371752
external_shares_outside_cohort_before_trade_raw: 74344064.022
external_coverage_raw_unrestricted_stock_multiple: 36.443161
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: 1104673182.064
old_cohort_shares_after_event: 1028426408.828

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: 0.271133136
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1104673182.064
old_cohort_shares_after_event: 1028426408.828

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: 0.271133136
record_date: 2031-08-21
payment_date: 2031-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1028426408.828
issued_shares_eligible_at_ex_date: 1104673182.064
ordinary_issued_after_event: 1104673182.064
old_cohort_shares_after_event: 1028426408.828

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: 1104673182.064
old_cohort_shares_after_event: 1028426408.828

内容を開く

想定日: 2031-09-15
year: 4.856947296372
金額: 2.788404774
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2031-08-20
assumed_dps_eur: 0.271133136
company_dividend_cash_outflow_oku: 2.995135041
old_holder_remaining_shares_today: 1028426408.828
ordinary_issued_after_event: 1104673182.064
old_cohort_shares_after_event: 1028426408.828

内容を開く

想定日: 2031-10-15
year: 4.939082819986
金額: 0.139646697
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.15
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 15.1883961
company_cash_paid_oku: 0.15
issuer_shares_cancelled: 987596.047
old_holder_shares_tendered: 919430.174
old_holder_fraction_pre_buyback: 0.930977981113
ordinary_issued_after_event: 1103685586.017
old_cohort_shares_after_event: 1027506978.653

annual_full_year_terminal_runrate

内容を開く

fee_revenue_oku: 17.770279726
fpaum_end_billion_eur: 199.014596578
fee_margin_excluding_SBC: 0.52
gross_carry_oku: 3.1
gross_investment_income_oku: 1.086219522
sbc_annual_oku: 0.308798439
DA_full_year_oku: 1.835524132
maintenance_capex_full_year_oku: 0.26
GP_commitment_net_investment_full_year_oku: 0.2

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: 199.014597
fpaum_closing_billion_eur: 201.800801
effective_management_fee_rate_assumed: 0.009
annualized_fee_related_revenue_oku: 18.036692888
annualized_gross_carry_oku: 3.348
annualized_gross_investment_income_oku: 1.146671839
fee_operating_margin_before_sbc_assumed: 0.52

income_oku

内容を開く

management_fees_and_fee_related_performance_revenue: 18.036692888
gross_carried_interest_performance_revenue: 3.348
investment_income_including_fund_nci: 1.146671839
other_operating_income: 0.03
ifrs_total_revenue: 22.561364727
fee_related_cash_operating_cost_excluding_sbc: 8.657612586
performance_linked_personnel_cost: 2.07576
sbc_expense_left_in_ifrs_profit: 0.319606385
earnings_before_depreciation_finance_and_tax: 11.508385756
depreciation_and_amortization: 1.857550422
ifrs_operating_profit: 9.650835334
net_finance_expense: 0.556033961
ifrs_profit_before_tax: 9.094801373
cash_and_deferred_tax_expense_assumption: 1.818960275
ifrs_consolidated_profit: 7.275841099
nci_profit_fund_investments: 0.504535609
nci_profit_dif_remaining_interest: 0
nci_profit_marathon_subco: 0
ifrs_noncontrolling_profit_total: 0.504535609
ifrs_parent_attributable_profit_after_sbc: 6.771305489
ifrs_parent_profit_annualized_for_comparison: 6.771305489

owner_cash_bridge_oku

内容を開く

consolidated_ifrs_profit_after_tax: 7.275841099
noncash_sbc_addback_to_company_cash_only: 0.319606385
noncash_DA_addback_to_company_cash: 1.857550422
unrealized_investment_gains_removed_from_cash: 1.146671839
carry_income_recognized_in_ifrs: 3.348
assumed_carry_cash_collected: 2.57796
carry_current_year_accrual_cash_collected_only: 2.57796
carry_prior_year_vintage_cash_collected_assumed: 0
carry_additional_company_partner_bonus_assumed_cash_paid_on_accrual: 2.07576
carry_tax_component_assumed_paid_on_accrual: 0.254448
total_income_tax_expense_assumed_paid_as_cash_in_period: 1.818960275
carry_receivable_book_is_company_IFRS_entitlement_not_external_employee_carry: はい
carry_receivable_growth_deducted: 0.77004
maintenance_cash_capex: 0.26
gp_commitment_net_cash_deployment: 0.2
consolidated_cash_available_before_distributions_debt: 7.076286066
not_pretended_to_be_ifrs_reported_cash_flow: はい

company_cash_oku

内容を開く

begin: 8.543836594
owner_free_cash_before_holder_and_nci_distributions: 7.076286066
parent_dividend_cash_outflow: 5.781427585
issuer_share_repurchase_cash_outflow: 0.15225
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: 0.672743151
restricted_noncontrolling_cash_end: 0.742743151
available_parent_cash_end: 8.37409554
debt_cash_repayment: 0.35
new_debt_cash_drawing: 0
end: 9.11683869

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: 11.11316131

assets_and_nci_oku

内容を開く

owner_gp_investment_nav_begin: 14.216456541
owner_gp_investment_NAV_end: 15.028592772
owner_share_investment_fv_gain: 0.64213623
owner_share_gp_new_investment_cash: 0.17
nci_owned_investment_NAV_begin: 10.180816637
nci_owned_investment_NAV_end: 10.715352246
nci_share_investment_fv_gain: 0.504535609
nci_share_gp_new_investment_cash: 0.03
accrued_carry_receivable_begin: 8.267107671
accrued_carry_receivable_end: 9.037147671
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: 19.504787498

親会社持分（億）

内容を開く

begin: 33.776995577
parent_ifrs_net_profit: 6.771305489
equity_settled_SBC_credit_noncash: 0.319606385
cash_dividends_declared_and_assumed_paid: 5.781427585
company_cash_buybacks: 0.15225
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: 34.614623481

noncontrolling_equity_oku

内容を開く

begin: 7.953559787
noncontrolling_net_profit: 0.504535609
distributions_paid: 0
capital_contributions: 0.1
converted_into_parent_equity_noncash: 0
end: 8.558095397

株数

内容を開く

issued_and_outstanding_begin: 1103685586.017
new_ordinary_shares_for_dif_marathon: 0
issuer_bought_and_cancelled: 992464.859
issued_and_outstanding_end: 1102693121.158
employee_SIF_old_shares_delivered_existing_no_new_issuance_shares: 0
employee_share_issuance_shares: 0
old_holder_cohort_shares_begin: 1027506978.653
old_holder_cohort_shares_pro_rata_tendered: 922212.932
old_holder_cohort_shares_sold_to_company_funded_SIF: 1946112.491
old_holder_cohort_shares_end: 1024638653.23
old_holder_fraction_end: 0.929214695884

holder_annual_cash_oku

内容を開く

dividends_to_original_shareholder_cohort: 5.377041907
pro_rata_tender_cash_to_original_shareholder_cohort: 0.141472937
company_funded_SIF_market_purchase_cash_to_original_shareholder_cohort: 0.297546507
total_cash_to_original_shareholder_cohort: 5.816061351

company_dividend_buyback_comparison

内容を開く

company_dividends_oku: 5.781427585
company_buybacks_oku: 0.15225
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: 15.2892758
required_shares: 2090395.832
outsider_shares_raw_before_event: 76178607.364
raw_coverage_ratio: 36.4421925
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: 1946112.491
oldholder_cash_inflow_oku: 0.297546507
oldholder_fraction_pre_SIF: 0.930977981113

carry_recognized_cash_and_tax_timing_oku

内容を開く

carry_receivable_begin: 8.267107671
IFRS_company_carry_recognized: 3.348
same_vintage_cash_collected: 2.57796
prior_vintage_collection_modeled: 0
carry_receivable_end: 9.037147671
company_internal_partner_bonus_recognized_and_assumed_cash_paid: 2.07576
corporate_tax_on_carry_after_bonus_recognized_and_assumed_cash_paid: 0.254448
other_corporate_income_tax_assumed_cash_paid: 1.564512275
total_company_tax_model_assumed_cash_paid: 1.818960275
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: 0.249442485
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1103685586.017
old_cohort_shares_after_event: 1027506978.653

内容を開く

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: 0.249442485
record_date: 2032-05-17
payment_date: 2032-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1027506978.653
issued_shares_eligible_at_ex_date: 1103685586.017
ordinary_issued_after_event: 1103685586.017
old_cohort_shares_after_event: 1027506978.653

内容を開く

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: 1103685586.017
old_cohort_shares_after_event: 1027506978.653

内容を開く

想定日: 2032-06-11
year: 5.596167008898
金額: 2.563038941
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2032-05-14
assumed_dps_eur: 0.249442485
company_dividend_cash_outflow_oku: 2.753060752
old_holder_remaining_shares_today: 1027506978.653
ordinary_issued_after_event: 1103685586.017
old_cohort_shares_after_event: 1027506978.653

内容を開く

想定日: 2032-06-14
year: 5.604380561259
金額: 0.297546507
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: 1946112.491
SIF_share_purchase_quantity: 2090395.832
SIF_purchase_execution_price_eur_assumed: 15.2892758
external_shares_outside_cohort_before_trade_raw: 76178607.364
external_coverage_raw_unrestricted_stock_multiple: 36.442193
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: 1103685586.017
old_cohort_shares_after_event: 1025560866.162

内容を開く

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: 1103685586.017
old_cohort_shares_after_event: 1025560866.162

内容を開く

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: 0.274386734
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1103685586.017
old_cohort_shares_after_event: 1025560866.162

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: 0.274386734
record_date: 2032-08-23
payment_date: 2032-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1025560866.162
issued_shares_eligible_at_ex_date: 1103685586.017
ordinary_issued_after_event: 1103685586.017
old_cohort_shares_after_event: 1025560866.162

内容を開く

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: 1103685586.017
old_cohort_shares_after_event: 1025560866.162

内容を開く

想定日: 2032-09-15
year: 5.859000684463
金額: 2.814002966
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2032-08-20
assumed_dps_eur: 0.274386734
company_dividend_cash_outflow_oku: 3.028366833
old_holder_remaining_shares_today: 1025560866.162
ordinary_issued_after_event: 1103685586.017
old_cohort_shares_after_event: 1025560866.162

内容を開く

想定日: 2032-10-15
year: 5.941136208077
金額: 0.141472937
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.15225
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 15.3405935
company_cash_paid_oku: 0.15225
issuer_shares_cancelled: 992464.859
old_holder_shares_tendered: 922212.932
old_holder_fraction_pre_buyback: 0.929214695884
ordinary_issued_after_event: 1102693121.158
old_cohort_shares_after_event: 1024638653.23

annual_full_year_terminal_runrate

内容を開く

fee_revenue_oku: 18.036692888
fpaum_end_billion_eur: 201.80080093
fee_margin_excluding_SBC: 0.52
gross_carry_oku: 3.348
gross_investment_income_oku: 1.146671839
sbc_annual_oku: 0.319606385
DA_full_year_oku: 1.857550422
maintenance_capex_full_year_oku: 0.26
GP_commitment_net_investment_full_year_oku: 0.2

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: 201.800801
fpaum_closing_billion_eur: 204.222411
effective_management_fee_rate_assumed: 0.009
annualized_fee_related_revenue_oku: 18.271044516
annualized_gross_carry_oku: 3.658
annualized_gross_investment_income_oku: 1.209965416
fee_operating_margin_before_sbc_assumed: 0.52

income_oku

内容を開く

management_fees_and_fee_related_performance_revenue: 18.271044516
gross_carried_interest_performance_revenue: 3.658
investment_income_including_fund_nci: 1.209965416
other_operating_income: 0.03
ifrs_total_revenue: 23.169009932
fee_related_cash_operating_cost_excluding_sbc: 8.770101368
performance_linked_personnel_cost: 2.26796
sbc_expense_left_in_ifrs_profit: 0.330792608
earnings_before_depreciation_finance_and_tax: 11.800155956
depreciation_and_amortization: 1.879841027
ifrs_operating_profit: 9.920314929
net_finance_expense: 0.537957936
ifrs_profit_before_tax: 9.382356993
cash_and_deferred_tax_expense_assumption: 1.876471399
ifrs_consolidated_profit: 7.505885595
nci_profit_fund_investments: 0.532384783
nci_profit_dif_remaining_interest: 0
nci_profit_marathon_subco: 0
ifrs_noncontrolling_profit_total: 0.532384783
ifrs_parent_attributable_profit_after_sbc: 6.973500812
ifrs_parent_profit_annualized_for_comparison: 6.973500812

owner_cash_bridge_oku

内容を開く

consolidated_ifrs_profit_after_tax: 7.505885595
noncash_sbc_addback_to_company_cash_only: 0.330792608
noncash_DA_addback_to_company_cash: 1.879841027
unrealized_investment_gains_removed_from_cash: 1.209965416
carry_income_recognized_in_ifrs: 3.658
assumed_carry_cash_collected: 2.81666
carry_current_year_accrual_cash_collected_only: 2.81666
carry_prior_year_vintage_cash_collected_assumed: 0
carry_additional_company_partner_bonus_assumed_cash_paid_on_accrual: 2.26796
carry_tax_component_assumed_paid_on_accrual: 0.278008
total_income_tax_expense_assumed_paid_as_cash_in_period: 1.876471399
carry_receivable_book_is_company_IFRS_entitlement_not_external_employee_carry: はい
carry_receivable_growth_deducted: 0.84134
maintenance_cash_capex: 0.26
gp_commitment_net_cash_deployment: 0.2
consolidated_cash_available_before_distributions_debt: 7.205213814
not_pretended_to_be_ifrs_reported_cash_flow: はい

company_cash_oku

内容を開く

begin: 9.11683869
owner_free_cash_before_holder_and_nci_distributions: 7.205213814
parent_dividend_cash_outflow: 5.845543514
issuer_share_repurchase_cash_outflow: 0.15453375
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: 0.742743151
restricted_noncontrolling_cash_end: 0.812743151
available_parent_cash_end: 8.928439482
debt_cash_repayment: 0.35
new_debt_cash_drawing: 0
end: 9.741182632

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: 10.138817368

assets_and_nci_oku

内容を開く

owner_gp_investment_nav_begin: 15.028592772
owner_gp_investment_NAV_end: 15.876173404
owner_share_investment_fv_gain: 0.677580633
owner_share_gp_new_investment_cash: 0.17
nci_owned_investment_NAV_begin: 10.715352246
nci_owned_investment_NAV_end: 11.277737029
nci_share_investment_fv_gain: 0.532384783
nci_share_gp_new_investment_cash: 0.03
accrued_carry_receivable_begin: 9.037147671
accrued_carry_receivable_end: 9.878487671
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: 17.884946471

親会社持分（億）

内容を開く

begin: 34.614623481
parent_ifrs_net_profit: 6.973500812
equity_settled_SBC_credit_noncash: 0.330792608
cash_dividends_declared_and_assumed_paid: 5.845543514
company_cash_buybacks: 0.15453375
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: 35.588047029

noncontrolling_equity_oku

内容を開く

begin: 8.558095397
noncontrolling_net_profit: 0.532384783
distributions_paid: 0
capital_contributions: 0.1
converted_into_parent_equity_noncash: 0
end: 9.19048018

株数

内容を開く

issued_and_outstanding_begin: 1102693121.158
new_ordinary_shares_for_dif_marathon: 0
issuer_bought_and_cancelled: 997412.015
issued_and_outstanding_end: 1101695709.143
employee_SIF_old_shares_delivered_existing_no_new_issuance_shares: 0
employee_share_issuance_shares: 0
old_holder_cohort_shares_begin: 1024638653.23
old_holder_cohort_shares_pro_rata_tendered: 925009.43
old_holder_cohort_shares_sold_to_company_funded_SIF: 1990519.945
old_holder_cohort_shares_end: 1021723123.855
old_holder_fraction_end: 0.927409551817

holder_annual_cash_oku

内容を開く

dividends_to_original_shareholder_cohort: 5.426237675
pro_rata_tender_cash_to_original_shareholder_cohort: 0.143316076
company_funded_SIF_market_purchase_cash_to_original_shareholder_cohort: 0.307377353
total_cash_to_original_shareholder_cohort: 5.876931104

company_dividend_buyback_comparison

内容を開く

company_dividends_oku: 5.845543514
company_buybacks_oku: 0.15453375
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: 15.4420634
required_shares: 2142152.889
outsider_shares_raw_before_event: 78054467.928
raw_coverage_ratio: 36.4373936
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: 1990519.945
oldholder_cash_inflow_oku: 0.307377353
oldholder_fraction_pre_SIF: 0.929214695884

carry_recognized_cash_and_tax_timing_oku

内容を開く

carry_receivable_begin: 9.037147671
IFRS_company_carry_recognized: 3.658
same_vintage_cash_collected: 2.81666
prior_vintage_collection_modeled: 0
carry_receivable_end: 9.878487671
company_internal_partner_bonus_recognized_and_assumed_cash_paid: 2.26796
corporate_tax_on_carry_after_bonus_recognized_and_assumed_cash_paid: 0.278008
other_corporate_income_tax_assumed_cash_paid: 1.598463399
total_company_tax_model_assumed_cash_paid: 1.876471399
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: 0.252435795
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1102693121.158
old_cohort_shares_after_event: 1024638653.23

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: 0.252435795
record_date: 2033-05-16
payment_date: 2033-06-13
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1024638653.23
issued_shares_eligible_at_ex_date: 1102693121.158
ordinary_issued_after_event: 1102693121.158
old_cohort_shares_after_event: 1024638653.23

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: 1102693121.158
old_cohort_shares_after_event: 1024638653.23

内容を開く

想定日: 2033-06-13
year: 6.600958247775
金額: 2.58655473
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2033-05-13
assumed_dps_eur: 0.252435795
company_dividend_cash_outflow_oku: 2.783592147
old_holder_remaining_shares_today: 1024638653.23
ordinary_issued_after_event: 1102693121.158
old_cohort_shares_after_event: 1024638653.23

内容を開く

想定日: 2033-06-14
year: 6.603696098563
金額: 0.307377353
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: 1990519.945
SIF_share_purchase_quantity: 2142152.889
SIF_purchase_execution_price_eur_assumed: 15.4420634
external_shares_outside_cohort_before_trade_raw: 78054467.928
external_coverage_raw_unrestricted_stock_multiple: 36.437394
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: 1102693121.158
old_cohort_shares_after_event: 1022648133.285

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: 1102693121.158
old_cohort_shares_after_event: 1022648133.285

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: 0.277679375
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1102693121.158
old_cohort_shares_after_event: 1022648133.285

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: 0.277679375
record_date: 2033-08-22
payment_date: 2033-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1022648133.285
issued_shares_eligible_at_ex_date: 1102693121.158
ordinary_issued_after_event: 1102693121.158
old_cohort_shares_after_event: 1022648133.285

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: 1102693121.158
old_cohort_shares_after_event: 1022648133.285

内容を開く

想定日: 2033-09-15
year: 6.858316221766
金額: 2.839682945
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2033-08-19
assumed_dps_eur: 0.277679375
company_dividend_cash_outflow_oku: 3.061951367
old_holder_remaining_shares_today: 1022648133.285
ordinary_issued_after_event: 1102693121.158
old_cohort_shares_after_event: 1022648133.285

内容を開く

想定日: 2033-10-14
year: 6.937713894593
金額: 0.143316076
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.15453375
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 15.4934719
company_cash_paid_oku: 0.15453375
issuer_shares_cancelled: 997412.015
old_holder_shares_tendered: 925009.43
old_holder_fraction_pre_buyback: 0.927409551817
ordinary_issued_after_event: 1101695709.143
old_cohort_shares_after_event: 1021723123.855

annual_full_year_terminal_runrate

内容を開く

fee_revenue_oku: 18.271044516
fpaum_end_billion_eur: 204.222410542
fee_margin_excluding_SBC: 0.52
gross_carry_oku: 3.658
gross_investment_income_oku: 1.209965416
sbc_annual_oku: 0.330792608
DA_full_year_oku: 1.879841027
maintenance_capex_full_year_oku: 0.26
GP_commitment_net_investment_full_year_oku: 0.2

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_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: 204.222411
fpaum_closing_billion_eur: 206.264635
effective_management_fee_rate_assumed: 0.009
annualized_fee_related_revenue_oku: 18.471917033
annualized_gross_carry_oku: 3.968
annualized_gross_investment_income_oku: 1.27623379
fee_operating_margin_before_sbc_assumed: 0.52

income_oku

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management_fees_and_fee_related_performance_revenue: 18.471917033
gross_carried_interest_performance_revenue: 3.968
investment_income_including_fund_nci: 1.27623379
other_operating_income: 0.03
ifrs_total_revenue: 23.746150824
fee_related_cash_operating_cost_excluding_sbc: 8.866520176
performance_linked_personnel_cost: 2.46016
sbc_expense_left_in_ifrs_profit: 0.34237035
earnings_before_depreciation_finance_and_tax: 12.077100298
depreciation_and_amortization: 1.902399119
ifrs_operating_profit: 10.174701179
net_finance_expense: 0.519265808
ifrs_profit_before_tax: 9.655435371
cash_and_deferred_tax_expense_assumption: 1.931087074
ifrs_consolidated_profit: 7.724348296
nci_profit_fund_investments: 0.561542868
nci_profit_dif_remaining_interest: 0
nci_profit_marathon_subco: 0
ifrs_noncontrolling_profit_total: 0.561542868
ifrs_parent_attributable_profit_after_sbc: 7.162805429
ifrs_parent_profit_annualized_for_comparison: 7.162805429

owner_cash_bridge_oku

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consolidated_ifrs_profit_after_tax: 7.724348296
noncash_sbc_addback_to_company_cash_only: 0.34237035
noncash_DA_addback_to_company_cash: 1.902399119
unrealized_investment_gains_removed_from_cash: 1.27623379
carry_income_recognized_in_ifrs: 3.968
assumed_carry_cash_collected: 3.05536
carry_current_year_accrual_cash_collected_only: 3.05536
carry_prior_year_vintage_cash_collected_assumed: 0
carry_additional_company_partner_bonus_assumed_cash_paid_on_accrual: 2.46016
carry_tax_component_assumed_paid_on_accrual: 0.301568
total_income_tax_expense_assumed_paid_as_cash_in_period: 1.931087074
carry_receivable_book_is_company_IFRS_entitlement_not_external_employee_carry: はい
carry_receivable_growth_deducted: 0.91264
maintenance_cash_capex: 0.26
gp_commitment_net_cash_deployment: 0.2
consolidated_cash_available_before_distributions_debt: 7.320243975
not_pretended_to_be_ifrs_reported_cash_flow: はい

company_cash_oku

内容を開く

begin: 9.741182632
owner_free_cash_before_holder_and_nci_distributions: 7.320243975
parent_dividend_cash_outflow: 5.910339154
issuer_share_repurchase_cash_outflow: 0.156851756
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: 0.812743151
restricted_noncontrolling_cash_end: 0.882743151
available_parent_cash_end: 9.519122197
debt_cash_repayment: 0.35
new_debt_cash_drawing: 0
end: 10.401865348

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: 9.128134652

assets_and_nci_oku

内容を開く

owner_gp_investment_nav_begin: 15.876173404
owner_gp_investment_NAV_end: 16.760864327
owner_share_investment_fv_gain: 0.714690923
owner_share_gp_new_investment_cash: 0.17
nci_owned_investment_NAV_begin: 11.277737029
nci_owned_investment_NAV_end: 11.869279897
nci_share_investment_fv_gain: 0.561542868
nci_share_gp_new_investment_cash: 0.03
accrued_carry_receivable_begin: 9.878487671
accrued_carry_receivable_end: 10.791127671
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: 16.242547352

親会社持分（億）

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begin: 35.588047029
parent_ifrs_net_profit: 7.162805429
equity_settled_SBC_credit_noncash: 0.34237035
cash_dividends_declared_and_assumed_paid: 5.910339154
company_cash_buybacks: 0.156851756
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: 36.683661547

noncontrolling_equity_oku

内容を開く

begin: 9.19048018
noncontrolling_net_profit: 0.561542868
distributions_paid: 0
capital_contributions: 0.1
converted_into_parent_equity_noncash: 0
end: 9.852023048

株数

内容を開く

issued_and_outstanding_begin: 1101695709.143
new_ordinary_shares_for_dif_marathon: 0
issuer_bought_and_cancelled: 1002383.831
issued_and_outstanding_end: 1100693325.312
employee_SIF_old_shares_delivered_existing_no_new_issuance_shares: 0
employee_share_issuance_shares: 0
old_holder_cohort_shares_begin: 1021723123.855
old_holder_cohort_shares_pro_rata_tendered: 927768.018
old_holder_cohort_shares_sold_to_company_funded_SIF: 2035841.501
old_holder_cohort_shares_end: 1018759514.336
old_holder_fraction_end: 0.925561635478

holder_annual_cash_oku

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dividends_to_original_shareholder_cohort: 5.475584037
pro_rata_tender_cash_to_original_shareholder_cohort: 0.145175968
company_funded_SIF_market_purchase_cash_to_original_shareholder_cohort: 0.317517533
total_cash_to_original_shareholder_cohort: 5.938277538

company_dividend_buyback_comparison

内容を開く

company_dividends_oku: 5.910339154
company_buybacks_oku: 0.156851756
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: 15.5963778
required_shares: 2195191.431
outsider_shares_raw_before_event: 79972585.288
raw_coverage_ratio: 36.4308024
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: 2035841.501
oldholder_cash_inflow_oku: 0.317517533
oldholder_fraction_pre_SIF: 0.927409551817

carry_recognized_cash_and_tax_timing_oku

内容を開く

carry_receivable_begin: 9.878487671
IFRS_company_carry_recognized: 3.968
same_vintage_cash_collected: 3.05536
prior_vintage_collection_modeled: 0
carry_receivable_end: 10.791127671
company_internal_partner_bonus_recognized_and_assumed_cash_paid: 2.46016
corporate_tax_on_carry_after_bonus_recognized_and_assumed_cash_paid: 0.301568
other_corporate_income_tax_assumed_cash_paid: 1.629519074
total_company_tax_model_assumed_cash_paid: 1.931087074
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: 0.255465025
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1101695709.143
old_cohort_shares_after_event: 1021723123.855

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: 0.255465025
record_date: 2034-05-15
payment_date: 2034-06-12
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1021723123.855
issued_shares_eligible_at_ex_date: 1101695709.143
ordinary_issued_after_event: 1101695709.143
old_cohort_shares_after_event: 1021723123.855

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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: 1101695709.143
old_cohort_shares_after_event: 1021723123.855

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想定日: 2034-06-12
year: 7.597535934292
金額: 2.610145234
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2034-05-12
assumed_dps_eur: 0.255465025
company_dividend_cash_outflow_oku: 2.814447219
old_holder_remaining_shares_today: 1021723123.855
ordinary_issued_after_event: 1101695709.143
old_cohort_shares_after_event: 1021723123.855

内容を開く

想定日: 2034-06-14
year: 7.603011635866
金額: 0.317517533
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: 2035841.501
SIF_share_purchase_quantity: 2195191.431
SIF_purchase_execution_price_eur_assumed: 15.5963778
external_shares_outside_cohort_before_trade_raw: 79972585.288
external_coverage_raw_unrestricted_stock_multiple: 36.430802
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: 1101695709.143
old_cohort_shares_after_event: 1019687282.354

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: 1101695709.143
old_cohort_shares_after_event: 1019687282.354

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: 0.281011527
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1101695709.143
old_cohort_shares_after_event: 1019687282.354

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: 0.281011527
record_date: 2034-08-21
payment_date: 2034-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1019687282.354
issued_shares_eligible_at_ex_date: 1101695709.143
ordinary_issued_after_event: 1101695709.143
old_cohort_shares_after_event: 1019687282.354

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: 1101695709.143
old_cohort_shares_after_event: 1019687282.354

内容を開く

想定日: 2034-09-15
year: 7.857631759069
金額: 2.865438803
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2034-08-18
assumed_dps_eur: 0.281011527
company_dividend_cash_outflow_oku: 3.095891935
old_holder_remaining_shares_today: 1019687282.354
ordinary_issued_after_event: 1101695709.143
old_cohort_shares_after_event: 1019687282.354

内容を開く

想定日: 2034-10-13
year: 7.934291581109
金額: 0.145175968
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.156851756
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 15.6478737
company_cash_paid_oku: 0.156851756
issuer_shares_cancelled: 1002383.831
old_holder_shares_tendered: 927768.018
old_holder_fraction_pre_buyback: 0.925561635478
ordinary_issued_after_event: 1100693325.312
old_cohort_shares_after_event: 1018759514.336

annual_full_year_terminal_runrate

内容を開く

fee_revenue_oku: 18.471917033
fpaum_end_billion_eur: 206.264634647
fee_margin_excluding_SBC: 0.52
gross_carry_oku: 3.968
gross_investment_income_oku: 1.27623379
sbc_annual_oku: 0.34237035
DA_full_year_oku: 1.902399119
maintenance_capex_full_year_oku: 0.26
GP_commitment_net_investment_full_year_oku: 0.2

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: 206.264635
fpaum_closing_billion_eur: 207.914752
effective_management_fee_rate_assumed: 0.009
annualized_fee_related_revenue_oku: 18.638072387
annualized_gross_carry_oku: 4.278
annualized_gross_investment_income_oku: 1.345616779
fee_operating_margin_before_sbc_assumed: 0.52

income_oku

内容を開く

management_fees_and_fee_related_performance_revenue: 18.638072387
gross_carried_interest_performance_revenue: 4.278
investment_income_including_fund_nci: 1.345616779
other_operating_income: 0.03
ifrs_total_revenue: 24.291689165
fee_related_cash_operating_cost_excluding_sbc: 8.946274746
performance_linked_personnel_cost: 2.65236
sbc_expense_left_in_ifrs_profit: 0.354353312
earnings_before_depreciation_finance_and_tax: 12.338701108
depreciation_and_amortization: 1.925227909
ifrs_operating_profit: 10.413473199
net_finance_expense: 0.500137616
ifrs_profit_before_tax: 9.913335583
cash_and_deferred_tax_expense_assumption: 1.982667117
ifrs_consolidated_profit: 7.930668467
nci_profit_fund_investments: 0.592071383
nci_profit_dif_remaining_interest: 0
nci_profit_marathon_subco: 0
ifrs_noncontrolling_profit_total: 0.592071383
ifrs_parent_attributable_profit_after_sbc: 7.338597084
ifrs_parent_profit_annualized_for_comparison: 7.338597084

owner_cash_bridge_oku

内容を開く

consolidated_ifrs_profit_after_tax: 7.930668467
noncash_sbc_addback_to_company_cash_only: 0.354353312
noncash_DA_addback_to_company_cash: 1.925227909
unrealized_investment_gains_removed_from_cash: 1.345616779
carry_income_recognized_in_ifrs: 4.278
assumed_carry_cash_collected: 3.29406
carry_current_year_accrual_cash_collected_only: 3.29406
carry_prior_year_vintage_cash_collected_assumed: 0
carry_additional_company_partner_bonus_assumed_cash_paid_on_accrual: 2.65236
carry_tax_component_assumed_paid_on_accrual: 0.325128
total_income_tax_expense_assumed_paid_as_cash_in_period: 1.982667117
carry_receivable_book_is_company_IFRS_entitlement_not_external_employee_carry: はい
carry_receivable_growth_deducted: 0.98394
maintenance_cash_capex: 0.26
gp_commitment_net_cash_deployment: 0.2
consolidated_cash_available_before_distributions_debt: 7.420692909
not_pretended_to_be_ifrs_reported_cash_flow: はい

company_cash_oku

内容を開く

begin: 10.401865348
owner_free_cash_before_holder_and_nci_distributions: 7.420692909
parent_dividend_cash_outflow: 5.975821132
issuer_share_repurchase_cash_outflow: 0.159204533
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: 0.882743151
restricted_noncontrolling_cash_end: 0.952743151
available_parent_cash_end: 10.130436129
debt_cash_repayment: 0.35
new_debt_cash_drawing: 0
end: 11.083179279

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: 8.096820721

assets_and_nci_oku

内容を開く

owner_gp_investment_nav_begin: 16.760864327
owner_gp_investment_NAV_end: 17.684409723
owner_share_investment_fv_gain: 0.753545396
owner_share_gp_new_investment_cash: 0.17
nci_owned_investment_NAV_begin: 11.869279897
nci_owned_investment_NAV_end: 12.491351279
nci_share_investment_fv_gain: 0.592071383
nci_share_gp_new_investment_cash: 0.03
accrued_carry_receivable_begin: 10.791127671
accrued_carry_receivable_end: 11.775067671
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: 14.577319443

親会社持分（億）

内容を開く

begin: 36.683661547
parent_ifrs_net_profit: 7.338597084
equity_settled_SBC_credit_noncash: 0.354353312
cash_dividends_declared_and_assumed_paid: 5.975821132
company_cash_buybacks: 0.159204533
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: 37.887232966

noncontrolling_equity_oku

内容を開く

begin: 9.852023048
noncontrolling_net_profit: 0.592071383
distributions_paid: 0
capital_contributions: 0.1
converted_into_parent_equity_noncash: 0
end: 10.54409443

株数

内容を開く

issued_and_outstanding_begin: 1100693325.312
new_ordinary_shares_for_dif_marathon: 0
issuer_bought_and_cancelled: 1007298.108
issued_and_outstanding_end: 1099686027.205
employee_SIF_old_shares_delivered_existing_no_new_issuance_shares: 0
employee_share_issuance_shares: 0
old_holder_cohort_shares_begin: 1018759514.336
old_holder_cohort_shares_pro_rata_tendered: 930411.061
old_holder_cohort_shares_sold_to_company_funded_SIF: 2082090.857
old_holder_cohort_shares_end: 1015747012.418
old_holder_fraction_end: 0.923670017887

holder_annual_cash_oku

内容を開く

dividends_to_original_shareholder_cohort: 5.525069654
pro_rata_tender_cash_to_original_shareholder_cohort: 0.147052454
company_funded_SIF_market_purchase_cash_to_original_shareholder_cohort: 0.327975831
total_cash_to_original_shareholder_cohort: 6.000097939

company_dividend_buyback_comparison

内容を開く

company_dividends_oku: 5.975821132
company_buybacks_oku: 0.159204533
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: 15.7522343
required_shares: 2249543.171
outsider_shares_raw_before_event: 81933810.976
raw_coverage_ratio: 36.4224221
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: 2082090.857
oldholder_cash_inflow_oku: 0.327975831
oldholder_fraction_pre_SIF: 0.925561635478

carry_recognized_cash_and_tax_timing_oku

内容を開く

carry_receivable_begin: 10.791127671
IFRS_company_carry_recognized: 4.278
same_vintage_cash_collected: 3.29406
prior_vintage_collection_modeled: 0
carry_receivable_end: 11.775067671
company_internal_partner_bonus_recognized_and_assumed_cash_paid: 2.65236
corporate_tax_on_carry_after_bonus_recognized_and_assumed_cash_paid: 0.325128
other_corporate_income_tax_assumed_cash_paid: 1.657539117
total_company_tax_model_assumed_cash_paid: 1.982667117
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: 0.258530605
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1100693325.312
old_cohort_shares_after_event: 1018759514.336

内容を開く

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: 0.258530605
record_date: 2035-05-15
payment_date: 2035-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1018759514.336
issued_shares_eligible_at_ex_date: 1100693325.312
ordinary_issued_after_event: 1100693325.312
old_cohort_shares_after_event: 1018759514.336

内容を開く

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: 1100693325.312
old_cohort_shares_after_event: 1018759514.336

内容を開く

想定日: 2035-06-11
year: 8.594113620808
金額: 2.633805136
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2035-05-14
assumed_dps_eur: 0.258530605
company_dividend_cash_outflow_oku: 2.845629113
old_holder_remaining_shares_today: 1018759514.336
ordinary_issued_after_event: 1100693325.312
old_cohort_shares_after_event: 1018759514.336

内容を開く

想定日: 2035-06-14
year: 8.602327173169
金額: 0.327975831
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: 2082090.857
SIF_share_purchase_quantity: 2249543.171
SIF_purchase_execution_price_eur_assumed: 15.7522343
external_shares_outside_cohort_before_trade_raw: 81933810.976
external_coverage_raw_unrestricted_stock_multiple: 36.422422
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: 1100693325.312
old_cohort_shares_after_event: 1016677423.479

内容を開く

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: 1100693325.312
old_cohort_shares_after_event: 1016677423.479

内容を開く

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: 0.284383665
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1100693325.312
old_cohort_shares_after_event: 1016677423.479

内容を開く

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: 0.284383665
record_date: 2035-08-21
payment_date: 2035-09-17
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1016677423.479
issued_shares_eligible_at_ex_date: 1100693325.312
ordinary_issued_after_event: 1100693325.312
old_cohort_shares_after_event: 1016677423.479

内容を開く

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: 1100693325.312
old_cohort_shares_after_event: 1016677423.479

内容を開く

想定日: 2035-09-17
year: 8.862422997947
金額: 2.891264518
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2035-08-20
assumed_dps_eur: 0.284383665
company_dividend_cash_outflow_oku: 3.130192019
old_holder_remaining_shares_today: 1016677423.479
ordinary_issued_after_event: 1100693325.312
old_cohort_shares_after_event: 1016677423.479

内容を開く

想定日: 2035-10-15
year: 8.939082819986
金額: 0.147052454
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.159204533
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 15.8051059
company_cash_paid_oku: 0.159204533
issuer_shares_cancelled: 1007298.108
old_holder_shares_tendered: 930411.061
old_holder_fraction_pre_buyback: 0.923670017887
ordinary_issued_after_event: 1099686027.205
old_cohort_shares_after_event: 1015747012.418

annual_full_year_terminal_runrate

内容を開く

fee_revenue_oku: 18.638072387
fpaum_end_billion_eur: 207.914751724
fee_margin_excluding_SBC: 0.52
gross_carry_oku: 4.278
gross_investment_income_oku: 1.345616779
sbc_annual_oku: 0.354353312
DA_full_year_oku: 1.925227909
maintenance_capex_full_year_oku: 0.26
GP_commitment_net_investment_full_year_oku: 0.2

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: 207.914752
fpaum_closing_billion_eur: 209.16224
effective_management_fee_rate_assumed: 0.009
annualized_fee_related_revenue_oku: 18.768464638
annualized_gross_carry_oku: 4.588
annualized_gross_investment_income_oku: 1.418260767
fee_operating_margin_before_sbc_assumed: 0.52

income_oku

内容を開く

management_fees_and_fee_related_performance_revenue: 15.948066947
gross_carried_interest_performance_revenue: 3.898546448
investment_income_including_fund_nci: 1.205134149
other_operating_income: 0.025491803
ifrs_total_revenue: 21.077239347
fee_related_cash_operating_cost_excluding_sbc: 7.655072134
performance_linked_personnel_cost: 2.417098798
sbc_expense_left_in_ifrs_profit: 0.31164212
earnings_before_depreciation_finance_and_tax: 10.693426295
depreciation_and_amortization: 1.655548716
ifrs_operating_profit: 9.037877579
net_finance_expense: 0.408516216
ifrs_profit_before_tax: 8.629361363
cash_and_deferred_tax_expense_assumption: 1.725872273
ifrs_consolidated_profit: 6.903489091
nci_profit_fund_investments: 0.530259026
nci_profit_dif_remaining_interest: 0
nci_profit_marathon_subco: 0
ifrs_noncontrolling_profit_total: 0.530259026
ifrs_parent_attributable_profit_after_sbc: 6.373230065
ifrs_parent_profit_annualized_for_comparison: 7.50032863

owner_cash_bridge_oku

内容を開く

consolidated_ifrs_profit_after_tax: 6.903489091
noncash_sbc_addback_to_company_cash_only: 0.31164212
noncash_DA_addback_to_company_cash: 1.655548716
unrealized_investment_gains_removed_from_cash: 1.205134149
carry_income_recognized_in_ifrs: 3.898546448
assumed_carry_cash_collected: 3.001880765
carry_current_year_accrual_cash_collected_only: 3.001880765
carry_prior_year_vintage_cash_collected_assumed: 0
carry_additional_company_partner_bonus_assumed_cash_paid_on_accrual: 2.417098798
carry_tax_component_assumed_paid_on_accrual: 0.29628953
total_income_tax_expense_assumed_paid_as_cash_in_period: 1.725872273
carry_receivable_book_is_company_IFRS_entitlement_not_external_employee_carry: はい
carry_receivable_growth_deducted: 0.896665683
maintenance_cash_capex: 0.220928962
gp_commitment_net_cash_deployment: 0.169945355
consolidated_cash_available_before_distributions_debt: 6.378005777
not_pretended_to_be_ifrs_reported_cash_flow: はい

company_cash_oku

内容を開く

begin: 11.083179279
owner_free_cash_before_holder_and_nci_distributions: 6.378005777
parent_dividend_cash_outflow: 6.041996593
issuer_share_repurchase_cash_outflow: 0.161592601
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: 0.952743151
restricted_noncontrolling_cash_end: 1.012224025
available_parent_cash_end: 9.721298025
debt_cash_repayment: 0.297404372
new_debt_cash_drawing: 0
end: 10.73352205

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: 8.149073579

assets_and_nci_oku

内容を開く

owner_gp_investment_nav_begin: 17.684409723
owner_gp_investment_NAV_end: 18.503738398
owner_share_investment_fv_gain: 0.674875123
owner_share_gp_new_investment_cash: 0.144453552
nci_owned_investment_NAV_begin: 12.491351279
nci_owned_investment_NAV_end: 13.047102108
nci_share_investment_fv_gain: 0.530259026
nci_share_gp_new_investment_cash: 0.025491803
accrued_carry_receivable_begin: 11.775067671
accrued_carry_receivable_end: 12.671733354
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: 13.142699689

親会社持分（億）

内容を開く

begin: 37.887232966
parent_ifrs_net_profit: 6.373230065
equity_settled_SBC_credit_noncash: 0.31164212
cash_dividends_declared_and_assumed_paid: 6.041996593
company_cash_buybacks: 0.161592601
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: 38.056873838

noncontrolling_equity_oku

内容を開く

begin: 10.54409443
noncontrolling_net_profit: 0.530259026
distributions_paid: 0
capital_contributions: 0.084972678
converted_into_parent_equity_noncash: 0
end: 11.159326133

株数

内容を開く

issued_and_outstanding_begin: 1099686027.205
new_ordinary_shares_for_dif_marathon: 0
issuer_bought_and_cancelled: 1012264.049
issued_and_outstanding_end: 1098673763.155
employee_SIF_old_shares_delivered_existing_no_new_issuance_shares: 0
employee_share_issuance_shares: 0
old_holder_cohort_shares_begin: 1015747012.418
old_holder_cohort_shares_pro_rata_tendered: 933332.48
old_holder_cohort_shares_sold_to_company_funded_SIF: 1809307.639
old_holder_cohort_shares_end: 1013004372.3
old_holder_fraction_end: 0.922024723145

holder_annual_cash_oku

内容を開く

dividends_to_original_shareholder_cohort: 5.575603981
pro_rata_tender_cash_to_original_shareholder_cohort: 0.148992373
company_funded_SIF_market_purchase_cash_to_original_shareholder_cohort: 0.287854483
total_cash_to_original_shareholder_cohort: 6.012450837

company_dividend_buyback_comparison

内容を開く

company_dividends_oku: 6.041996593
company_buybacks_oku: 0.161592601
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: 15.9096483
required_shares: 1958824.693
outsider_shares_raw_before_event: 83939014.786
raw_coverage_ratio: 42.8517238
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: 1809307.639
oldholder_cash_inflow_oku: 0.287854483
oldholder_fraction_pre_SIF: 0.923670017887

carry_recognized_cash_and_tax_timing_oku

内容を開く

carry_receivable_begin: 11.775067671
IFRS_company_carry_recognized: 3.898546448
same_vintage_cash_collected: 3.001880765
prior_vintage_collection_modeled: 0
carry_receivable_end: 12.671733354
company_internal_partner_bonus_recognized_and_assumed_cash_paid: 2.417098798
corporate_tax_on_carry_after_bonus_recognized_and_assumed_cash_paid: 0.29628953
other_corporate_income_tax_assumed_cash_paid: 1.429582743
total_company_tax_model_assumed_cash_paid: 1.725872273
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: 0.261632972
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1099686027.205
old_cohort_shares_after_event: 1015747012.418

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: 0.261632972
record_date: 2036-05-15
payment_date: 2036-06-11
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1015747012.418
issued_shares_eligible_at_ex_date: 1099686027.205
ordinary_issued_after_event: 1099686027.205
old_cohort_shares_after_event: 1015747012.418

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: 1099686027.205
old_cohort_shares_after_event: 1015747012.418

内容を開く

想定日: 2036-06-11
year: 9.596167008898
金額: 2.657529097
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: final
ex_date: 2036-05-14
assumed_dps_eur: 0.261632972
company_dividend_cash_outflow_oku: 2.877141236
old_holder_remaining_shares_today: 1015747012.418
ordinary_issued_after_event: 1099686027.205
old_cohort_shares_after_event: 1015747012.418

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: 1099686027.205
old_cohort_shares_after_event: 1015747012.418

内容を開く

想定日: 2036-06-13
year: 9.601642710472
金額: 0.287854483
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: 1809307.639
SIF_share_purchase_quantity: 1958824.693
SIF_purchase_execution_price_eur_assumed: 15.9096483
external_shares_outside_cohort_before_trade_raw: 83939014.786
external_coverage_raw_unrestricted_stock_multiple: 42.851724
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: 1099686027.205
old_cohort_shares_after_event: 1013937704.779

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: 0.287796269
disclosure_not_yet_made: はい
ordinary_issued_after_event: 1099686027.205
old_cohort_shares_after_event: 1013937704.779

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: 0.287796269
record_date: 2036-08-21
payment_date: 2036-09-15
fresh_buyer_after_ex_not_entitled: はい
holder_shares_eligible_at_ex_date: 1013937704.779
issued_shares_eligible_at_ex_date: 1099686027.205
ordinary_issued_after_event: 1099686027.205
old_cohort_shares_after_event: 1013937704.779

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: 1099686027.205
old_cohort_shares_after_event: 1013937704.779

内容を開く

想定日: 2036-09-15
year: 9.859000684463
金額: 2.918074884
種類: cash_dividend_to_old_holder
date_status: scenario_assumption
dividend_leg: interim
ex_date: 2036-08-20
assumed_dps_eur: 0.287796269
company_dividend_cash_outflow_oku: 3.164855357
old_holder_remaining_shares_today: 1013937704.779
ordinary_issued_after_event: 1099686027.205
old_cohort_shares_after_event: 1013937704.779

内容を開く

想定日: 2036-10-15
year: 9.941136208077
金額: 0.148992373
種類: issuer_buyback_pro_rata_tender
date_status: scenario_assumption
buyback_budget_oku: 0.161592601
buyback_class: new_future_authorization_unannounced
buyback_execution_price_eur_assumed: 15.9634832
company_cash_paid_oku: 0.161592601
issuer_shares_cancelled: 1012264.049
old_holder_shares_tendered: 933332.48
old_holder_fraction_pre_buyback: 0.922024723145
ordinary_issued_after_event: 1098673763.155
old_cohort_shares_after_event: 1013004372.3

annual_full_year_terminal_runrate

内容を開く

fee_revenue_oku: 18.768464638
fpaum_end_billion_eur: 209.162240234
fee_margin_excluding_SBC: 0.52
gross_carry_oku: 4.588
gross_investment_income_oku: 1.418260767
sbc_annual_oku: 0.366755678
DA_full_year_oku: 1.948330644
maintenance_capex_full_year_oku: 0.26
GP_commitment_net_investment_full_year_oku: 0.2

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: 1098673763.155
terminal_old_cohort_shares: 1013004372.3
terminal_old_cohort_fraction: 0.922024723145
terminal_issuer_full_equity_value_oku: 83.569962024
terminal_old_cohort_mcap_oku: 77.053571098
ten_year_old_holder_dividends_oku: 53.549278903
ten_year_pro_rata_tender_cash_oku: 1.849460913
ten_year_company_funded_SIF_market_sale_cash_oku: 2.653650399
cashflow_irr: -0.013533054973
fair_value_pv_at_k_oku: 62.026924432
fair_value_eur_per_initial_share: 5.949439824
margin_of_safety_vs_entry: -0.588558795

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

0.012

carry_assumed_perpetual_growth

0.01

normalized_2037_full_year_fee_revenue_oku

18.993686214

normalized_2037_fee_cash_earnings_after_cash_reinvestment_and_SBC_oku

7.113403833

fee_franchise_terminal_EV_oku

72.585753402

2037_normalized_gross_carry_oku

4.63388

2037_normalized_carried_interest_cash_share_after_compensation_tax_oku

0.34290712

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

2.286047467

GP_NAV_owner_book_oku

18.503738398

GP_NAV_value_after_haircut_oku

12.397504727

carry_receivable_book_proxy_oku

12.671733354

carry_receivable_recovery_oku

5.461954032

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: 0.91264
recognized_ifrs_carry_oku: 3.968
collected_current_vintage_oku: 3.05536
company_additional_partner_bonus_cost_accrued_oku: 2.46016
company_additional_partner_bonus_cash_paid_same_period_assumed_oku: 2.46016
income_tax_on_carry_after_bonus_expensed_and_cash_paid_same_period_assumed_oku: 0.301568
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: 1.68268
recognized_ifrs_carry_oku: 7.316
collected_current_vintage_oku: 5.63332
company_additional_partner_bonus_cost_accrued_oku: 4.53592
company_additional_partner_bonus_cash_paid_same_period_assumed_oku: 4.53592
income_tax_on_carry_after_bonus_expensed_and_cash_paid_same_period_assumed_oku: 0.556016
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: 1.82528
recognized_ifrs_carry_oku: 7.936
collected_current_vintage_oku: 6.11072
company_additional_partner_bonus_cost_accrued_oku: 4.92032
company_additional_partner_bonus_cash_paid_same_period_assumed_oku: 4.92032
income_tax_on_carry_after_bonus_expensed_and_cash_paid_same_period_assumed_oku: 0.603136
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: 0.67022
recognized_ifrs_carry_oku: 2.914
collected_current_vintage_oku: 2.24378
company_additional_partner_bonus_cost_accrued_oku: 1.80668
company_additional_partner_bonus_cash_paid_same_period_assumed_oku: 1.80668
income_tax_on_carry_after_bonus_expensed_and_cash_paid_same_period_assumed_oku: 0.221464
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: 0.713
recognized_ifrs_carry_oku: 3.1
collected_current_vintage_oku: 2.387
company_additional_partner_bonus_cost_accrued_oku: 1.922
company_additional_partner_bonus_cash_paid_same_period_assumed_oku: 1.922
income_tax_on_carry_after_bonus_expensed_and_cash_paid_same_period_assumed_oku: 0.2356
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: 0.77004
recognized_ifrs_carry_oku: 3.348
collected_current_vintage_oku: 2.57796
company_additional_partner_bonus_cost_accrued_oku: 2.07576
company_additional_partner_bonus_cash_paid_same_period_assumed_oku: 2.07576
income_tax_on_carry_after_bonus_expensed_and_cash_paid_same_period_assumed_oku: 0.254448
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: 0.84134
recognized_ifrs_carry_oku: 3.658
collected_current_vintage_oku: 2.81666
company_additional_partner_bonus_cost_accrued_oku: 2.26796
company_additional_partner_bonus_cash_paid_same_period_assumed_oku: 2.26796
income_tax_on_carry_after_bonus_expensed_and_cash_paid_same_period_assumed_oku: 0.278008
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: 0.91264
recognized_ifrs_carry_oku: 3.968
collected_current_vintage_oku: 3.05536
company_additional_partner_bonus_cost_accrued_oku: 2.46016
company_additional_partner_bonus_cash_paid_same_period_assumed_oku: 2.46016
income_tax_on_carry_after_bonus_expensed_and_cash_paid_same_period_assumed_oku: 0.301568
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: 0.98394
recognized_ifrs_carry_oku: 4.278
collected_current_vintage_oku: 3.29406
company_additional_partner_bonus_cost_accrued_oku: 2.65236
company_additional_partner_bonus_cash_paid_same_period_assumed_oku: 2.65236
income_tax_on_carry_after_bonus_expensed_and_cash_paid_same_period_assumed_oku: 0.325128
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: 0.896665683
recognized_ifrs_carry_oku: 3.898546448
collected_current_vintage_oku: 3.001880765
company_additional_partner_bonus_cost_accrued_oku: 2.417098798
company_additional_partner_bonus_cash_paid_same_period_assumed_oku: 2.417098798
income_tax_on_carry_after_bonus_expensed_and_cash_paid_same_period_assumed_oku: 0.29628953
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

0.5

old_vintage_assumed_cash_collection_date_for_valuation_only

2037-11-06

old_vintage_nominal_receipts_2037_oku

6.335866677

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

3.3864115

old_vintage_stress_if_both_partner_and_tax_unpaid_oku

3.801520006

new_2037_carry_gross_IFRS_entitlement_oku

4.63388

new_2037_carry_same_vintage_cash_receipt_oku

3.5680876

new_2037_carry_company_partner_bonus_cash_assumed_oku

2.8730056

new_2037_carry_corporate_tax_cash_assumed_oku

0.35217488

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

10.73352205

NCI_restricted_cash_excluded_from_terminal_owner_oku

1.012224025

owner_accessible_cash_at_terminal_oku

9.721298025

gross_debt_end_oku

18.882595628

valuation_of_enterprise_to_owner_before_pro_rata_factor_oku

83.569962024

old_cohort_fraction_at_terminal

0.922024723145

old_holder_terminal_value_oku

77.053571098

2037_fees_derived_from_2036_full_year_rather_than_311day_partial

はい

2037_SBC_annual_expense_and_no_dilution_proxy_oku

0.371156746

2037_assumed_SIF_cash_market_replenishment_oku

0.371156746

2037_non_cash_SBC_addback_oku

0.371156746

2037_fee_cash_earnings_bridge_check_oku

7.113403833

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: 5.461954032
unpaid_partner_pv_oku: 2.075542532
unpaid_partner_and_tax_pv_oku: 1.660434026
unpaid_tax_only_pv_oku: 4.369563226
one_more_year_recovery_delay_pv_oku: 4.708581062

market_PER_not_used

はい

pv_at_common_k

内容を開く

cash_receipts_oku: 34.893729211
discounted_terminal_old_cohort_oku: 27.133195221
total_oku: 62.026924432
cashflow_irr: -0.013533054973

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: 68.449680265
old_holder_payout_equals_cash_events_check_oku: 58.052390215
period_equation_max_error: 0

売上高

24.804725405159

営業利益

10.636216057605

純利益

7.5003286295523

equity_oku

38.056873838

multiple

segment_operating_profit_status

not_estimated

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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