Discounted Cash Flow (DCF) Analysis Levered
BD Multimedia SA (ALBDM.PA)
2.885 €
+0.40 (+16.10%)
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 | 5.63 | 5.29 | 7.14 | 1.70 | 1.43 | 1.20 | 1.01 | 0.85 | 0.72 | 0.60 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -0.13 | 5.24 | -3.06 | -0.87 | -2.02 | -0.33 | -0.28 | -0.24 | -0.20 | -0.17 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.57 | -0.22 | -0.11 | -0.14 | -0.19 | -0.09 | -0.08 | -0.06 | -0.05 | -0.05 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -0.71 | 5.02 | -3.17 | -1.01 | -2.21 | -0.42 | -0.36 | -0.30 | -0.25 | -0.21 |
Weighted Average Cost Of Capital
| Share price | $ 2.885 |
|---|---|
| Beta | -0.021 |
| Diluted Shares Outstanding | 2.19 |
| Cost of Debt | |
| Tax Rate | 2.50 |
| After-tax Cost of Debt | 4.38% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 3.596 |
| Total Debt | 0.73 |
| Total Equity | 6.32 |
| Total Capital | 7.05 |
| Debt Weighting | 10.42 |
| Equity Weighting | 89.58 |
| 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 | 5.63 | 5.29 | 7.14 | 1.70 | 1.43 | 1.20 | 1.01 | 0.85 | 0.72 | 0.60 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -0.13 | 5.24 | -3.06 | -0.87 | -2.02 | -0.33 | -0.28 | -0.24 | -0.20 | -0.17 |
| Capital Expenditure | -0.57 | -0.22 | -0.11 | -0.14 | -0.19 | -0.09 | -0.08 | -0.06 | -0.05 | -0.05 |
| Free Cash Flow | -0.71 | 5.02 | -3.17 | -1.01 | -2.21 | -0.42 | -0.36 | -0.30 | -0.25 | -0.21 |
| WACC | ||||||||||
| PV LFCF | -0.41 | -0.33 | -0.27 | -0.22 | -0.18 | |||||
| SUM PV LFCF | -1.41 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 3.68 |
| Free cash flow (t + 1) | -0.22 |
| Terminal Value | -12.94 |
| Present Value of Terminal Value | -10.80 |
Intrinsic Value
| Enterprise Value | -12.21 |
|---|---|
| Net Debt | -1.91 |
| Equity Value | -10.30 |
| Shares Outstanding | 2.19 |
| Equity Value Per Share | -4.70 |