Discounted Cash Flow (DCF) Analysis Levered
Advicenne S.A. (ADVIC.PA)
6.5 €
0.00 (0.00%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2015 Actual | 2016 Actual | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected |
| Revenue | 0.11 | 0.27 | 0.81 | 1.19 | 2 | 4.31 | 9.29 | 20.03 | 43.18 | 93.09 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -2.69 | 0.07 | -5.80 | -10.18 | -20.10 | -43.32 | -93.39 | -201.33 | -434.03 | -935.67 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.16 | -0.02 | -0.03 | -0.14 | -0.88 | -1.89 | -4.08 | -8.80 | -18.97 | -40.89 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -2.86 | 0.04 | -5.84 | -10.32 | -20.97 | -45.21 | -97.47 | -210.13 | -452.99 | -976.55 |
Weighted Average Cost Of Capital
| Share price | $ 6.5 |
|---|---|
| Beta | 1.432 |
| Diluted Shares Outstanding | 8.16 |
| Cost of Debt | |
| Tax Rate | 5.87 |
| After-tax Cost of Debt | 1.30% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 11.356 |
| Total Debt | 0.45 |
| Total Equity | 53.06 |
| Total Capital | 53.51 |
| Debt Weighting | 0.84 |
| Equity Weighting | 99.16 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2015 Actual | 2016 Actual | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected |
| Revenue | 0.11 | 0.27 | 0.81 | 1.19 | 2 | 4.31 | 9.29 | 20.03 | 43.18 | 93.09 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -2.69 | 0.07 | -5.80 | -10.18 | -20.10 | -43.32 | -93.39 | -201.33 | -434.03 | -935.67 |
| Capital Expenditure | -0.16 | -0.02 | -0.03 | -0.14 | -0.88 | -1.89 | -4.08 | -8.80 | -18.97 | -40.89 |
| Free Cash Flow | -2.86 | 0.04 | -5.84 | -10.32 | -20.97 | -45.21 | -97.47 | -210.13 | -452.99 | -976.55 |
| WACC | ||||||||||
| PV LFCF | -40.63 | -78.73 | -152.53 | -295.51 | -572.54 | |||||
| SUM PV LFCF | -1,139.94 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 11.27 |
| Free cash flow (t + 1) | -996.08 |
| Terminal Value | -10,745.25 |
| Present Value of Terminal Value | -6,299.79 |
Intrinsic Value
| Enterprise Value | -7,439.73 |
|---|---|
| Net Debt | -13.96 |
| Equity Value | -7,425.77 |
| Shares Outstanding | 8.16 |
| Equity Value Per Share | -909.64 |