Discounted Cash Flow (DCF) Analysis Levered

MG International S.A. (ALMGI.PA)

7.6 €

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: 1.31 | 7.6 | overvalue

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 36.5042.1947.5258.7681.61100.13122.85150.73184.93226.89
Revenue (%)
Operating Cash Flow -3.151.320.919.6810.575.176.347.789.5511.71
Operating Cash Flow (%)
Capital Expenditure -0.49-0.59-0.79-0.85-1.11-1.45-1.77-2.18-2.67-3.28
Capital Expenditure (%)
Free Cash Flow -3.640.730.128.839.453.724.575.616.888.44

Weighted Average Cost Of Capital

Share price $ 7.6
Beta 0.841
Diluted Shares Outstanding 107.49
Cost of Debt
Tax Rate 12.53
After-tax Cost of Debt 1.71%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.711
Total Debt 1.27
Total Equity 816.89
Total Capital 818.17
Debt Weighting 0.16
Equity Weighting 99.84
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 36.5042.1947.5258.7681.61100.13122.85150.73184.93226.89
Operating Cash Flow -3.151.320.919.6810.575.176.347.789.5511.71
Capital Expenditure -0.49-0.59-0.79-0.85-1.11-1.45-1.77-2.18-2.67-3.28
Free Cash Flow -3.640.730.128.839.453.724.575.616.888.44
WACC
PV LFCF 3.463.944.495.115.82
SUM PV LFCF 22.82

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 7.70
Free cash flow (t + 1) 8.61
Terminal Value 151
Present Value of Terminal Value 104.21

Intrinsic Value

Enterprise Value 127.03
Net Debt -13.82
Equity Value 140.85
Shares Outstanding 107.49
Equity Value Per Share 1.31