Discounted Cash Flow (DCF) Analysis Levered

ALBIS Leasing AG (ALG.DE)

2.04 €

+0.02 (+0.99%)
All numbers are in Millions, Currency in USD
Stock DCF: -61.73 | 2.04 | overvalue

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 18.5321.1021.9421.9724.8626.7928.8831.1333.5536.17
Revenue (%)
Operating Cash Flow -11.98-36.951.06-6.95-0.36-14.36-15.48-16.69-17.99-19.39
Operating Cash Flow (%)
Capital Expenditure -0.15-8.56-0.78-0.08-0.12-2.45-2.65-2.85-3.07-3.31
Capital Expenditure (%)
Free Cash Flow -12.13-45.510.28-7.03-0.48-16.82-18.13-19.54-21.06-22.70

Weighted Average Cost Of Capital

Share price $ 2.04
Beta 0.309
Diluted Shares Outstanding 21.20
Cost of Debt
Tax Rate 18.98
After-tax Cost of Debt 3.49%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.762
Total Debt 205.89
Total Equity 43.24
Total Capital 249.13
Debt Weighting 82.64
Equity Weighting 17.36
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 18.5321.1021.9421.9724.8626.7928.8831.1333.5536.17
Operating Cash Flow -11.98-36.951.06-6.95-0.36-14.36-15.48-16.69-17.99-19.39
Capital Expenditure -0.15-8.56-0.78-0.08-0.12-2.45-2.65-2.85-3.07-3.31
Free Cash Flow -12.13-45.510.28-7.03-0.48-16.82-18.13-19.54-21.06-22.70
WACC
PV LFCF -16.19-16.80-17.43-18.08-18.76
SUM PV LFCF -87.26

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 3.88
Free cash flow (t + 1) -23.15
Terminal Value -1,231.53
Present Value of Terminal Value -1,018.09

Intrinsic Value

Enterprise Value -1,105.35
Net Debt 203.08
Equity Value -1,308.44
Shares Outstanding 21.20
Equity Value Per Share -61.73