Discounted Cash Flow (DCF) Analysis Levered

Emakina Group SA (ALEMK.BR)

29 €

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: 9.71 | 29 | overvalue

Free Cash Flow

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 76.5378.0993.4094.0799105.83113.13120.93129.28138.20
Revenue (%)
Operating Cash Flow -0.325.496.562.7410.605.776.176.597.057.53
Operating Cash Flow (%)
Capital Expenditure -1.39-2.95-2.37-3.18-2.71-3.02-3.23-3.45-3.69-3.94
Capital Expenditure (%)
Free Cash Flow -1.712.544.18-0.447.892.752.943.143.363.59

Weighted Average Cost Of Capital

Share price $ 29
Beta 1.664
Diluted Shares Outstanding 3.89
Cost of Debt
Tax Rate 75.26
After-tax Cost of Debt 0.69%
Risk-Free Rate
Market Risk Premium
Cost of Equity 10.621
Total Debt 15.96
Total Equity 112.91
Total Capital 128.87
Debt Weighting 12.38
Equity Weighting 87.62
Wacc

Build Up Free Cash Flow

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 76.5378.0993.4094.0799105.83113.13120.93129.28138.20
Operating Cash Flow -0.325.496.562.7410.605.776.176.597.057.53
Capital Expenditure -1.39-2.95-2.37-3.18-2.71-3.02-3.23-3.45-3.69-3.94
Free Cash Flow -1.712.544.18-0.447.892.752.943.143.363.59
WACC
PV LFCF 1.611.571.531.501.46
SUM PV LFCF 12.01

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 9.39
Free cash flow (t + 1) 3.66
Terminal Value 49.58
Present Value of Terminal Value 31.65

Intrinsic Value

Enterprise Value 43.66
Net Debt 5.87
Equity Value 37.79
Shares Outstanding 3.89
Equity Value Per Share 9.71