Discounted Cash Flow (DCF) Analysis Levered

Cybergun S.A. (ALCYB.PA)

0.469 €

+0.01 (+3.21%)
All numbers are in Millions, Currency in USD
Stock DCF: -1.21 | 0.469 | overvalue

Free Cash Flow

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 41.2933.7231.9928.2524.9422.0119.4317.1515.1413.3711.80
Revenue (%)
Operating Cash Flow -5.02-3-3.48-1.79-2.39-2.11-1.86-1.64-1.45-1.28-1.13
Operating Cash Flow (%)
Capital Expenditure -0.30-0.37-0.04-0.20-0.16-0.15-0.13-0.11-0.10-0.09-0.08
Capital Expenditure (%)
Free Cash Flow -5.32-3.37-3.52-1.99-2.55-2.25-1.99-1.75-1.55-1.37-1.21

Weighted Average Cost Of Capital

Share price $ 0.469
Beta 0.453
Diluted Shares Outstanding 46.16
Cost of Debt
Tax Rate 3.63
After-tax Cost of Debt 0.97%
Risk-Free Rate
Market Risk Premium
Cost of Equity 4.904
Total Debt 5.91
Total Equity 21.65
Total Capital 27.56
Debt Weighting 21.45
Equity Weighting 78.55
Wacc

Build Up Free Cash Flow

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 41.2933.7231.9928.2524.9422.0119.4317.1515.1413.3711.80
Operating Cash Flow -5.02-3-3.48-1.79-2.39-2.11-1.86-1.64-1.45-1.28-1.13
Capital Expenditure -0.30-0.37-0.04-0.20-0.16-0.15-0.13-0.11-0.10-0.09-0.08
Free Cash Flow -5.32-3.37-3.52-1.99-2.55-2.25-1.99-1.75-1.55-1.37-1.21
WACC
PV LFCF -2.55-2.16-1.84-1.56-1.32-1.12-0.95
SUM PV LFCF -7.06

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.06
Free cash flow (t + 1) -1.23
Terminal Value -59.78
Present Value of Terminal Value -48.99

Intrinsic Value

Enterprise Value -56.05
Net Debt -0.31
Equity Value -55.74
Shares Outstanding 46.16
Equity Value Per Share -1.21