Discounted Cash Flow (DCF) Analysis Levered

Deinove SA (ALDEI.PA)

0.0265 €

0.00 (0.00%)

All numbers are in Millions, Currency in USD

Stock DCF: 5,631.22 | 0.0265 | undervalue

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	0.07	0.04	0.16	0.32	0.37	0.72	1.41	2.75	5.39	10.56
Revenue (%)
Operating Cash Flow	-6.92	-9.74	-6.40	-4.84	-6.01	-59.65	-116.78	-228.65	-447.67	-876.48
Operating Cash Flow (%)
Capital Expenditure	-1.21	-1.41	-0.49	-0.11	-0.27	-8.16	-15.97	-31.27	-61.22	-119.87
Capital Expenditure (%)
Free Cash Flow	-8.13	-11.15	-6.88	-4.95	-6.28	-67.80	-132.75	-259.92	-508.89	-996.35

Weighted Average Cost Of Capital

Share price	$ 0.0,265
Beta	0.794
Diluted Shares Outstanding	24.52
Cost of Debt
Tax Rate	11.82
After-tax Cost of Debt	0.70%
Risk-Free Rate
Market Risk Premium
Cost of Equity	7.386
Total Debt	6.32
Total Equity	0.65
Total Capital	6.97
Debt Weighting	90.68
Equity Weighting	9.32
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	0.07	0.04	0.16	0.32	0.37	0.72	1.41	2.75	5.39	10.56
Operating Cash Flow	-6.92	-9.74	-6.40	-4.84	-6.01	-59.65	-116.78	-228.65	-447.67	-876.48
Capital Expenditure	-1.21	-1.41	-0.49	-0.11	-0.27	-8.16	-15.97	-31.27	-61.22	-119.87
Free Cash Flow	-8.13	-11.15	-6.88	-4.95	-6.28	-67.80	-132.75	-259.92	-508.89	-996.35
WACC
PV LFCF						-66.92	-129.32	-249.89	-482.88	-933.11
SUM PV LFCF										-1,862.13

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%)	1.32
Free cash flow (t + 1)	-1,016.27
Terminal Value	149,452.19
Present Value of Terminal Value	139,967.23

Intrinsic Value

Enterprise Value	138,105.10
Net Debt	2.48
Equity Value	138,102.62
Shares Outstanding	24.52
Equity Value Per Share	5,631.22