Discounted Cash Flow (DCF) Analysis Levered
Adocia SA (ADOC.PA)
3.96 €
0.00 (0.00%)
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 | 19.47 | 47.39 | 2.14 | 0.84 | 1.44 | 1.66 | 1.90 | 2.18 | 2.50 | 2.87 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -22.23 | 6.31 | -9.65 | -21.85 | -19.23 | -14.85 | -17.03 | -19.54 | -22.42 | -25.72 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -1.98 | -0.78 | -2.02 | -0.20 | -0.36 | -0.51 | -0.59 | -0.68 | -0.78 | -0.89 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -24.21 | 5.53 | -11.67 | -22.06 | -19.60 | -15.36 | -17.63 | -20.22 | -23.20 | -26.61 |
Weighted Average Cost Of Capital
| Share price | $ 3.96 |
|---|---|
| Beta | 1.015 |
| Diluted Shares Outstanding | 6.94 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | 6.52% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 8.480 |
| Total Debt | 34.48 |
| Total Equity | 27.48 |
| Total Capital | 61.96 |
| Debt Weighting | 55.65 |
| Equity Weighting | 44.35 |
| 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 | 19.47 | 47.39 | 2.14 | 0.84 | 1.44 | 1.66 | 1.90 | 2.18 | 2.50 | 2.87 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -22.23 | 6.31 | -9.65 | -21.85 | -19.23 | -14.85 | -17.03 | -19.54 | -22.42 | -25.72 |
| Capital Expenditure | -1.98 | -0.78 | -2.02 | -0.20 | -0.36 | -0.51 | -0.59 | -0.68 | -0.78 | -0.89 |
| Free Cash Flow | -24.21 | 5.53 | -11.67 | -22.06 | -19.60 | -15.36 | -17.63 | -20.22 | -23.20 | -26.61 |
| WACC | ||||||||||
| PV LFCF | -14.31 | -15.28 | -16.33 | -17.44 | -18.63 | |||||
| SUM PV LFCF | -81.99 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 7.39 |
| Free cash flow (t + 1) | -27.14 |
| Terminal Value | -503.56 |
| Present Value of Terminal Value | -352.56 |
Intrinsic Value
| Enterprise Value | -434.54 |
|---|---|
| Net Debt | 19.32 |
| Equity Value | -453.86 |
| Shares Outstanding | 6.94 |
| Equity Value Per Share | -65.41 |