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 | 10.569 |
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 | -24.85 | -48.49 | -94.60 | -184.58 | -360.14 | |||||
SUM PV LFCF | -1,173.53 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 10.49 |
Free cash flow (t + 1) | -996.08 |
Terminal Value | -11,732.44 |
Present Value of Terminal Value | -7,124.81 |
Intrinsic Value
Enterprise Value | -8,298.34 |
---|---|
Net Debt | -13.96 |
Equity Value | -8,284.38 |
Shares Outstanding | 8.16 |
Equity Value Per Share | -1,014.82 |