Discounted Cash Flow (DCF) Analysis Levered

Alpha MOS SA (ALM.PA)

2.63 €

0.00 (-%)
All numbers are in Millions, Currency in USD
Stock DCF: 2.42 | 2.63 | 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 7.474.053.534.523.613.152.752.402.101.83
Revenue (%)
Operating Cash Flow -0.70-3.27-3.50-2.86-0.78-1.73-1.51-1.32-1.15-1
Operating Cash Flow (%)
Capital Expenditure -0.80-0.81-1.62-0.37-0.44-0.61-0.53-0.46-0.41-0.35
Capital Expenditure (%)
Free Cash Flow -1.51-4.07-5.12-3.22-1.22-2.34-2.04-1.78-1.56-1.36

Weighted Average Cost Of Capital

Share price $ 2.63
Beta -1.348
Diluted Shares Outstanding 10.84
Cost of Debt
Tax Rate -0.34
After-tax Cost of Debt 5.07%
Risk-Free Rate
Market Risk Premium
Cost of Equity -2.797
Total Debt 2.88
Total Equity 28.50
Total Capital 31.38
Debt Weighting 9.18
Equity Weighting 90.82
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 7.474.053.534.523.613.152.752.402.101.83
Operating Cash Flow -0.70-3.27-3.50-2.86-0.78-1.73-1.51-1.32-1.15-1
Capital Expenditure -0.80-0.81-1.62-0.37-0.44-0.61-0.53-0.46-0.41-0.35
Free Cash Flow -1.51-4.07-5.12-3.22-1.22-2.34-2.04-1.78-1.56-1.36
WACC
PV LFCF -2.54-2.26-2.02-1.80-1.61
SUM PV LFCF -9.61

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -2.07
Free cash flow (t + 1) -1.38
Terminal Value 34.03
Present Value of Terminal Value 37.78

Intrinsic Value

Enterprise Value 28.17
Net Debt 1.90
Equity Value 26.27
Shares Outstanding 10.84
Equity Value Per Share 2.42