Discounted Cash Flow (DCF) Analysis Levered

Gévelot SA (ALGEV.PA)

232 €

+2.00 (+0.87%)
All numbers are in Millions, Currency in USD
Stock DCF: 92.54 | 232 | 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 94.22103.7389.53101.27135.39150.01166.21184.16204.05226.09
Revenue (%)
Operating Cash Flow 16.654.392.435.95-1.898.739.6710.7211.8713.16
Operating Cash Flow (%)
Capital Expenditure -2.14-4.31-2.43-12.66-3.11-7.18-7.96-8.82-9.77-10.83
Capital Expenditure (%)
Free Cash Flow 14.510.08-0-6.72-51.551.711.902.102.33

Weighted Average Cost Of Capital

Share price $ 232
Beta 0.485
Diluted Shares Outstanding 0.77
Cost of Debt
Tax Rate 16.37
After-tax Cost of Debt 4.05%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.645
Total Debt 6.53
Total Equity 177.74
Total Capital 184.28
Debt Weighting 3.55
Equity Weighting 96.45
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 94.22103.7389.53101.27135.39150.01166.21184.16204.05226.09
Operating Cash Flow 16.654.392.435.95-1.898.739.6710.7211.8713.16
Capital Expenditure -2.14-4.31-2.43-12.66-3.11-7.18-7.96-8.82-9.77-10.83
Free Cash Flow 14.510.08-0-6.72-51.551.711.902.102.33
WACC
PV LFCF 1.451.511.571.631.70
SUM PV LFCF 7.85

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.55
Free cash flow (t + 1) 2.38
Terminal Value 52.21
Present Value of Terminal Value 38.02

Intrinsic Value

Enterprise Value 45.87
Net Debt -25.02
Equity Value 70.90
Shares Outstanding 0.77
Equity Value Per Share 92.54