Discounted Cash Flow (DCF) Analysis Levered
Arkema S.A. (AKE.PA)
92.08 €
+0.34 (+0.37%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Actual | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
Revenue | 8,738 | 7,884 | 9,519 | 11,550 | 9,514 | 9,863.01 | 10,224.81 | 10,599.90 | 10,988.74 | 11,391.84 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 1,300 | 1,115 | 915 | 1,496 | 1,256 | 1,277.98 | 1,324.86 | 1,373.46 | 1,423.84 | 1,476.07 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -661 | -605 | -763 | -730 | -634 | -714.83 | -741.06 | -768.24 | -796.42 | -825.64 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 639 | 510 | 152 | 766 | 622 | 563.14 | 583.80 | 605.22 | 627.42 | 650.43 |
Weighted Average Cost Of Capital
Share price | $ 92.08 |
---|---|
Beta | 1.223 |
Diluted Shares Outstanding | 74.65 |
Cost of Debt | |
Tax Rate | 31.59 |
After-tax Cost of Debt | 2.98% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 10.129 |
Total Debt | 4,975 |
Total Equity | 6,873.51 |
Total Capital | 11,848.51 |
Debt Weighting | 41.99 |
Equity Weighting | 58.01 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Actual | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
Revenue | 8,738 | 7,884 | 9,519 | 11,550 | 9,514 | 9,863.01 | 10,224.81 | 10,599.90 | 10,988.74 | 11,391.84 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 1,300 | 1,115 | 915 | 1,496 | 1,256 | 1,277.98 | 1,324.86 | 1,373.46 | 1,423.84 | 1,476.07 |
Capital Expenditure | -661 | -605 | -763 | -730 | -634 | -714.83 | -741.06 | -768.24 | -796.42 | -825.64 |
Free Cash Flow | 639 | 510 | 152 | 766 | 622 | 563.14 | 583.80 | 605.22 | 627.42 | 650.43 |
WACC | ||||||||||
PV LFCF | 525.66 | 508.68 | 492.24 | 476.34 | 460.94 | |||||
SUM PV LFCF | 2,463.86 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 7.13 |
Free cash flow (t + 1) | 663.44 |
Terminal Value | 12,932.61 |
Present Value of Terminal Value | 9,164.96 |
Intrinsic Value
Enterprise Value | 11,628.83 |
---|---|
Net Debt | 2,930 |
Equity Value | 8,698.83 |
Shares Outstanding | 74.65 |
Equity Value Per Share | 116.53 |