Discounted Cash Flow (DCF) Analysis Levered
Acomo N.V. (ACOMO.AS)
21.85 €
-0.25 (-1.13%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
Revenue | 709.68 | 700.17 | 701.44 | 707.36 | 1,254.44 | 1,496 | 1,784.07 | 2,127.62 | 2,537.32 | 3,025.92 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 50.12 | 19.34 | 59.78 | 34.97 | -36.37 | 61.01 | 72.76 | 86.77 | 103.48 | 123.41 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -5.74 | -5.56 | -7.80 | -5.35 | -7.77 | -12.24 | -14.59 | -17.40 | -20.75 | -24.75 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 44.39 | 13.79 | 51.98 | 29.62 | -44.14 | 48.78 | 58.17 | 69.37 | 82.73 | 98.66 |
Weighted Average Cost Of Capital
Share price | $ 21.85 |
---|---|
Beta | 0.756 |
Diluted Shares Outstanding | 29.65 |
Cost of Debt | |
Tax Rate | 26.18 |
After-tax Cost of Debt | 1.33% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 6.332 |
Total Debt | 351.41 |
Total Equity | 647.94 |
Total Capital | 999.35 |
Debt Weighting | 35.16 |
Equity Weighting | 64.84 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
Revenue | 709.68 | 700.17 | 701.44 | 707.36 | 1,254.44 | 1,496 | 1,784.07 | 2,127.62 | 2,537.32 | 3,025.92 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 50.12 | 19.34 | 59.78 | 34.97 | -36.37 | 61.01 | 72.76 | 86.77 | 103.48 | 123.41 |
Capital Expenditure | -5.74 | -5.56 | -7.80 | -5.35 | -7.77 | -12.24 | -14.59 | -17.40 | -20.75 | -24.75 |
Free Cash Flow | 44.39 | 13.79 | 51.98 | 29.62 | -44.14 | 48.78 | 58.17 | 69.37 | 82.73 | 98.66 |
WACC | ||||||||||
PV LFCF | 37.31 | 42.55 | 48.52 | 55.34 | 63.11 | |||||
SUM PV LFCF | 308.61 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 4.57 |
Free cash flow (t + 1) | 100.64 |
Terminal Value | 3,915.78 |
Present Value of Terminal Value | 3,131.72 |
Intrinsic Value
Enterprise Value | 3,440.33 |
---|---|
Net Debt | 348.15 |
Equity Value | 3,092.17 |
Shares Outstanding | 29.65 |
Equity Value Per Share | 104.28 |