Discounted Cash Flow (DCF) Analysis Levered
Novacyt S.A. (ALNOV.PA)
0.4896 €
+0.01 (+1.79%)
All numbers are in Millions, Currency in USD
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 | 13.28 | 12.37 | 11.18 | 277.20 | 95.78 | 646.16 | 4,359.23 | 29,408.82 | 198,401.60 | 1,338,482.65 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -4.12 | -1.12 | -0.92 | 102.98 | 15.69 | 6.69 | 45.13 | 304.48 | 2,054.13 | 13,857.81 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.87 | -0.62 | -0.29 | -1.18 | -4.10 | -24.30 | -163.91 | -1,105.77 | -7,459.92 | -50,327.07 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -4.99 | -1.74 | -1.20 | 101.79 | 11.59 | -17.61 | -118.77 | -801.29 | -5,405.79 | -36,469.26 |
Weighted Average Cost Of Capital
| Share price | $ 0.4,896 |
|---|---|
| Beta | -2.222 |
| Diluted Shares Outstanding | 79.87 |
| Cost of Debt | |
| Tax Rate | 1.03 |
| After-tax Cost of Debt | 12.65% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | -6.745 |
| Total Debt | 1.87 |
| Total Equity | 39.10 |
| Total Capital | 40.97 |
| Debt Weighting | 4.56 |
| Equity Weighting | 95.44 |
| 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 | 13.28 | 12.37 | 11.18 | 277.20 | 95.78 | 646.16 | 4,359.23 | 29,408.82 | 198,401.60 | 1,338,482.65 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -4.12 | -1.12 | -0.92 | 102.98 | 15.69 | 6.69 | 45.13 | 304.48 | 2,054.13 | 13,857.81 |
| Capital Expenditure | -0.87 | -0.62 | -0.29 | -1.18 | -4.10 | -24.30 | -163.91 | -1,105.77 | -7,459.92 | -50,327.07 |
| Free Cash Flow | -4.99 | -1.74 | -1.20 | 101.79 | 11.59 | -17.61 | -118.77 | -801.29 | -5,405.79 | -36,469.26 |
| WACC | ||||||||||
| PV LFCF | -18.70 | -134.02 | -960.44 | -6,882.76 | -49,323.74 | |||||
| SUM PV LFCF | -57,319.66 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | -5.86 |
| Free cash flow (t + 1) | -37,198.65 |
| Terminal Value | 473,265.23 |
| Present Value of Terminal Value | 640,079.08 |
Intrinsic Value
| Enterprise Value | 582,759.41 |
|---|---|
| Net Debt | -99.88 |
| Equity Value | 582,859.29 |
| Shares Outstanding | 79.87 |
| Equity Value Per Share | 7,297.84 |