Discounted Cash Flow (DCF) Analysis Levered
Alpha MOS SA (ALM.PA)
2.63 €
0.00 (0.00%)
All numbers are in Millions, Currency in USD
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 | 7.47 | 4.05 | 3.53 | 4.52 | 3.61 | 3.15 | 2.75 | 2.40 | 2.10 | 1.83 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | -1.742 |
| 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 | 7.47 | 4.05 | 3.53 | 4.52 | 3.61 | 3.15 | 2.75 | 2.40 | 2.10 | 1.83 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | -2.36 | -2.09 | -1.84 | -1.63 | -1.44 | |||||
| SUM PV LFCF | -9.35 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | -1.12 |
| Free cash flow (t + 1) | -1.38 |
| Terminal Value | 44.39 |
| Present Value of Terminal Value | 46.96 |
Intrinsic Value
| Enterprise Value | 37.60 |
|---|---|
| Net Debt | 1.90 |
| Equity Value | 35.71 |
| Shares Outstanding | 10.84 |
| Equity Value Per Share | 3.29 |