Discounted Cash Flow (DCF) Analysis Levered
Don't Nod Entertainment S.A. (ALDNE.PA)
5.26 €
-0.14 (-2.59%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 14.33 | 13.95 | 13.51 | 10.50 | 7.05 | 5.97 | 5.06 | 4.29 | 3.64 | 3.08 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -1.81 | 4.24 | 5.28 | 5.15 | 0.20 | 1.30 | 1.10 | 0.93 | 0.79 | 0.67 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.97 | -9.69 | -10.51 | -16.89 | -23.27 | -7.71 | -6.53 | -5.54 | -4.69 | -3.98 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -2.79 | -5.45 | -5.23 | -11.73 | -23.07 | -6.41 | -5.43 | -4.60 | -3.90 | -3.31 |
Weighted Average Cost Of Capital
| Share price | $ 5.26 |
|---|---|
| Beta | 0.671 |
| Diluted Shares Outstanding | 9.12 |
| Cost of Debt | |
| Tax Rate | 163.03 |
| After-tax Cost of Debt | -13.18% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 7.412 |
| Total Debt | 4.32 |
| Total Equity | 47.97 |
| Total Capital | 52.29 |
| Debt Weighting | 8.27 |
| Equity Weighting | 91.73 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 14.33 | 13.95 | 13.51 | 10.50 | 7.05 | 5.97 | 5.06 | 4.29 | 3.64 | 3.08 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -1.81 | 4.24 | 5.28 | 5.15 | 0.20 | 1.30 | 1.10 | 0.93 | 0.79 | 0.67 |
| Capital Expenditure | -0.97 | -9.69 | -10.51 | -16.89 | -23.27 | -7.71 | -6.53 | -5.54 | -4.69 | -3.98 |
| Free Cash Flow | -2.79 | -5.45 | -5.23 | -11.73 | -23.07 | -6.41 | -5.43 | -4.60 | -3.90 | -3.31 |
| WACC | ||||||||||
| PV LFCF | -6.06 | -4.86 | -3.90 | -3.13 | -2.51 | |||||
| SUM PV LFCF | -20.45 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 5.71 |
| Free cash flow (t + 1) | -3.37 |
| Terminal Value | -90.95 |
| Present Value of Terminal Value | -68.90 |
Intrinsic Value
| Enterprise Value | -89.35 |
|---|---|
| Net Debt | -12.57 |
| Equity Value | -76.78 |
| Shares Outstanding | 9.12 |
| Equity Value Per Share | -8.42 |