Discounted Cash Flow (DCF) Analysis Levered

Novacyt S.A. (ALNOV.PA)

0.791 €

-0.02 (-2.37%)
All numbers are in Millions, Currency in USD
Stock DCF: 6,229.75 | 0.791 | undervalue

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 13.2812.3711.18277.2095.78646.164,359.2329,408.82198,401.601,338,482.65
Revenue (%)
Operating Cash Flow -4.12-1.12-0.92102.9815.696.6945.13304.482,054.1313,857.81
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 -4.99-1.74-1.20101.7911.59-17.61-118.77-801.29-5,405.79-36,469.26

Weighted Average Cost Of Capital

Share price $ 0.791
Beta -2.651
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 -8.710
Total Debt 1.87
Total Equity 63.18
Total Capital 65.05
Debt Weighting 2.87
Equity Weighting 97.13
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 13.2812.3711.18277.2095.78646.164,359.2329,408.82198,401.601,338,482.65
Operating Cash Flow -4.12-1.12-0.92102.9815.696.6945.13304.482,054.1313,857.81
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 -4.99-1.74-1.20101.7911.59-17.61-118.77-801.29-5,405.79-36,469.26
WACC
PV LFCF -19.16-140.63-1,032.39-7,578.75-55,635.17
SUM PV LFCF -64,406.10

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -8.10
Free cash flow (t + 1) -37,198.65
Terminal Value 368,303.44
Present Value of Terminal Value 561,860.13

Intrinsic Value

Enterprise Value 497,454.03
Net Debt -99.88
Equity Value 497,553.90
Shares Outstanding 79.87
Equity Value Per Share 6,229.75