Discounted Cash Flow (DCF) Analysis Levered

Delfingen Industry S.A. (ALDEL.PA)

36 €

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: 123.61 | 36 | 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 203.96214.03230.47241.89362.99424.38496.14580.03678.12792.78
Revenue (%)
Operating Cash Flow 8.1510.1923.8614.4626.4827.4932.1337.5743.9251.35
Operating Cash Flow (%)
Capital Expenditure -8.91-8.68-11.20-10.86-14.38-18.45-21.57-25.22-29.48-34.46
Capital Expenditure (%)
Free Cash Flow -0.761.5212.663.6012.109.0410.5712.3514.4416.88

Weighted Average Cost Of Capital

Share price $ 36
Beta 1.329
Diluted Shares Outstanding 2.62
Cost of Debt
Tax Rate 24.32
After-tax Cost of Debt 2.20%
Risk-Free Rate
Market Risk Premium
Cost of Equity 10.076
Total Debt 130.34
Total Equity 94.49
Total Capital 224.83
Debt Weighting 57.97
Equity Weighting 42.03
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 203.96214.03230.47241.89362.99424.38496.14580.03678.12792.78
Operating Cash Flow 8.1510.1923.8614.4626.4827.4932.1337.5743.9251.35
Capital Expenditure -8.91-8.68-11.20-10.86-14.38-18.45-21.57-25.22-29.48-34.46
Free Cash Flow -0.761.5212.663.6012.109.0410.5712.3514.4416.88
WACC
PV LFCF 8.579.4910.5211.6512.91
SUM PV LFCF 53.14

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.51
Free cash flow (t + 1) 17.22
Terminal Value 490.60
Present Value of Terminal Value 375.20

Intrinsic Value

Enterprise Value 428.33
Net Debt 103.88
Equity Value 324.45
Shares Outstanding 2.62
Equity Value Per Share 123.61