Discounted Cash Flow (DCF) Analysis Levered
Fleury Michon SA (ALFLE.PA)
17.5 €
0.00 (0.00%)
All numbers are in Millions, Currency in USD
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 | 716.95 | 725.27 | 747.62 | 735.45 | 705.63 | 703.09 | 700.56 | 698.04 | 695.53 | 693.02 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 32.10 | 44.81 | 26.84 | 67.88 | 64.66 | 45.89 | 45.73 | 45.56 | 45.40 | 45.24 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -21.76 | -31.82 | -38.49 | -23.81 | -20.57 | -26.33 | -26.23 | -26.14 | -26.04 | -25.95 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 10.34 | 12.99 | -11.65 | 44.07 | 44.09 | 19.57 | 19.50 | 19.43 | 19.36 | 19.29 |
Weighted Average Cost Of Capital
Share price | $ 17.5 |
---|---|
Beta | 0.393 |
Diluted Shares Outstanding | 79.87 |
Cost of Debt | |
Tax Rate | 63.01 |
After-tax Cost of Debt | 0.63% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 5.347 |
Total Debt | 226.85 |
Total Equity | 1,397.68 |
Total Capital | 1,624.53 |
Debt Weighting | 13.96 |
Equity Weighting | 86.04 |
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 | 716.95 | 725.27 | 747.62 | 735.45 | 705.63 | 703.09 | 700.56 | 698.04 | 695.53 | 693.02 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 32.10 | 44.81 | 26.84 | 67.88 | 64.66 | 45.89 | 45.73 | 45.56 | 45.40 | 45.24 |
Capital Expenditure | -21.76 | -31.82 | -38.49 | -23.81 | -20.57 | -26.33 | -26.23 | -26.14 | -26.04 | -25.95 |
Free Cash Flow | 10.34 | 12.99 | -11.65 | 44.07 | 44.09 | 19.57 | 19.50 | 19.43 | 19.36 | 19.29 |
WACC | ||||||||||
PV LFCF | 18.69 | 17.79 | 16.93 | 16.11 | 15.34 | |||||
SUM PV LFCF | 84.86 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 4.69 |
Free cash flow (t + 1) | 19.67 |
Terminal Value | 731.31 |
Present Value of Terminal Value | 581.53 |
Intrinsic Value
Enterprise Value | 666.39 |
---|---|
Net Debt | 69.39 |
Equity Value | 597 |
Shares Outstanding | 79.87 |
Equity Value Per Share | 7.47 |