Discounted Cash Flow (DCF) Analysis Levered

Encres Dubuit (ALDUB.PA)

3.08 €

+0.08 (+2.67%)
All numbers are in Millions, Currency in USD
Stock DCF: 8.73 | 3.08 | undervalue

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 24.5723.5818.6420.6822.7222.4922.2522.0221.7921.56
Revenue (%)
Operating Cash Flow 0.840.552.060.52-0.010.860.860.850.840.83
Operating Cash Flow (%)
Capital Expenditure -0.99-0.28-0.58-0.61-0.79-0.66-0.66-0.65-0.64-0.64
Capital Expenditure (%)
Free Cash Flow -0.160.271.47-0.09-0.800.200.200.200.190.19

Weighted Average Cost Of Capital

Share price $ 3.08
Beta 0.313
Diluted Shares Outstanding 3.14
Cost of Debt
Tax Rate 179.91
After-tax Cost of Debt -3.42%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.762
Total Debt 1.88
Total Equity 9.67
Total Capital 11.56
Debt Weighting 16.30
Equity Weighting 83.70
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 24.5723.5818.6420.6822.7222.4922.2522.0221.7921.56
Operating Cash Flow 0.840.552.060.52-0.010.860.860.850.840.83
Capital Expenditure -0.99-0.28-0.58-0.61-0.79-0.66-0.66-0.65-0.64-0.64
Free Cash Flow -0.160.271.47-0.09-0.800.200.200.200.190.19
WACC
PV LFCF 0.190.180.170.160.16
SUM PV LFCF 0.87

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.26
Free cash flow (t + 1) 0.20
Terminal Value 26.09
Present Value of Terminal Value 21.18

Intrinsic Value

Enterprise Value 22.05
Net Debt -5.37
Equity Value 27.41
Shares Outstanding 3.14
Equity Value Per Share 8.73