Discounted Cash Flow (DCF) Analysis Levered

Encres Dubuit (ALDUB.PA)

3.49 €

-0.01 (-0.29%)
All numbers are in Millions, Currency in USD
Stock DCF: 0.64 | 3.49 | overvalue

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 22.3124.5723.5818.6420.6820.4820.2820.0919.8919.70
Revenue (%)
Operating Cash Flow 1.350.840.552.060.521.041.031.021.011
Operating Cash Flow (%)
Capital Expenditure -0.42-0.990.13-0.58-0.61-0.47-0.46-0.46-0.45-0.45
Capital Expenditure (%)
Free Cash Flow 0.93-0.160.681.47-0.090.570.560.560.550.55

Weighted Average Cost Of Capital

Share price $ 3.49
Beta 0.412
Diluted Shares Outstanding 31.43
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.748
Total Debt 2.43
Total Equity 109.68
Total Capital 112.11
Debt Weighting 2.17
Equity Weighting 97.83
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 22.3124.5723.5818.6420.6820.4820.2820.0919.8919.70
Operating Cash Flow 1.350.840.552.060.521.041.031.021.011
Capital Expenditure -0.42-0.990.13-0.58-0.61-0.47-0.46-0.46-0.45-0.45
Free Cash Flow 0.93-0.160.681.47-0.090.570.560.560.550.55
WACC
PV LFCF 0.540.510.470.440.42
SUM PV LFCF 2.38

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.73
Free cash flow (t + 1) 0.56
Terminal Value 15
Present Value of Terminal Value 11.35

Intrinsic Value

Enterprise Value 13.73
Net Debt -6.42
Equity Value 20.15
Shares Outstanding 31.43
Equity Value Per Share 0.64