Discounted Cash Flow (DCF) Analysis Levered

Novacyt S.A. (ALNOV.PA)

0.5235 €

-0.00 (-0.29%)
All numbers are in Millions, Currency in USD
Stock DCF: 7,454.88 | 0.5235 | undervalue

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 12.3711.18277.2095.7821.04138.20907.725,962.2039,161.58257,225.35
Revenue (%)
Operating Cash Flow -1.12-0.92102.9815.69-13.73-8.02-52.66-345.89-2,271.94-14,922.81
Operating Cash Flow (%)
Capital Expenditure -0.62-0.29-1.18-4.10-0.42-3.94-25.85-169.77-1,115.13-7,324.51
Capital Expenditure (%)
Free Cash Flow -1.74-1.20101.7911.59-14.14-11.95-78.51-515.67-3,387.07-22,247.32

Weighted Average Cost Of Capital

Share price $ 0.5,235
Beta -1.752
Diluted Shares Outstanding 70.63
Cost of Debt
Tax Rate -10.71
After-tax Cost of Debt 56.08%
Risk-Free Rate
Market Risk Premium
Cost of Equity -4.059
Total Debt 0.87
Total Equity 36.97
Total Capital 37.84
Debt Weighting 2.30
Equity Weighting 97.70
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 12.3711.18277.2095.7821.04138.20907.725,962.2039,161.58257,225.35
Operating Cash Flow -1.12-0.92102.9815.69-13.73-8.02-52.66-345.89-2,271.94-14,922.81
Capital Expenditure -0.62-0.29-1.18-4.10-0.42-3.94-25.85-169.77-1,115.13-7,324.51
Free Cash Flow -1.74-1.20101.7911.59-14.14-11.95-78.51-515.67-3,387.07-22,247.32
WACC
PV LFCF -12.28-82.87-559.28-3,774.31-25,470.89
SUM PV LFCF -29,899.64

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -2.67
Free cash flow (t + 1) -22,692.27
Terminal Value 485,915.83
Present Value of Terminal Value 556,323.54

Intrinsic Value

Enterprise Value 526,423.90
Net Debt -86.10
Equity Value 526,510
Shares Outstanding 70.63
Equity Value Per Share 7,454.88