Discounted Cash Flow (DCF) Analysis Levered

Nextedia S.A. (ALNXT.PA)

0.788 €

-0.01 (-1.13%)
All numbers are in Millions, Currency in USD
Stock DCF: 14.86 | 0.788 | 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 17.0122.9724.8226.4650.8468.8693.27126.33171.11231.77
Revenue (%)
Operating Cash Flow 8.970.50-0.242.833.679.9013.4118.1624.6033.32
Operating Cash Flow (%)
Capital Expenditure -0.04-0.11-0.13-0.06-0.07-0.22-0.30-0.40-0.55-0.74
Capital Expenditure (%)
Free Cash Flow 8.930.39-0.372.783.609.6813.1117.7624.0532.58

Weighted Average Cost Of Capital

Share price $ 0.788
Beta 1.126
Diluted Shares Outstanding 34.91
Cost of Debt
Tax Rate 44.62
After-tax Cost of Debt 0.48%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.035
Total Debt 6.91
Total Equity 27.51
Total Capital 34.42
Debt Weighting 20.09
Equity Weighting 79.91
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 17.0122.9724.8226.4650.8468.8693.27126.33171.11231.77
Operating Cash Flow 8.970.50-0.242.833.679.9013.4118.1624.6033.32
Capital Expenditure -0.04-0.11-0.13-0.06-0.07-0.22-0.30-0.40-0.55-0.74
Free Cash Flow 8.930.39-0.372.783.609.6813.1117.7624.0532.58
WACC
PV LFCF 9.0211.3814.3718.1322.88
SUM PV LFCF 75.78

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 7.32
Free cash flow (t + 1) 33.23
Terminal Value 624.63
Present Value of Terminal Value 438.76

Intrinsic Value

Enterprise Value 514.54
Net Debt -4.30
Equity Value 518.84
Shares Outstanding 34.91
Equity Value Per Share 14.86