Discounted Cash Flow (DCF) Analysis Levered

Alphageo (India) Limited (ALPHAGEO.NS)

296.8 ₹

+4.75 (+1.63%)

All numbers are in Millions, Currency in USD

Stock DCF: 86.04 | 296.8 | overvalue

Free Cash Flow

Year A/P	2019 Actual	2020 Actual	2021 Actual	2022 Actual	2023 Actual	2024 Projected	2025 Projected	2026 Projected	2027 Projected	2028 Projected
Revenue	4,050.77	2,675.19	1,430.99	1,548.83	659.50	445.73	301.26	203.61	137.61	93.01
Revenue (%)
Operating Cash Flow	1,090.15	34.53	301.63	794.19	126.37	106.73	72.13	48.75	32.95	22.27
Operating Cash Flow (%)
Capital Expenditure	-85.05	-257.65	-242.25	-63.67	-166.05	-51.66	-34.92	-23.60	-15.95	-10.78
Capital Expenditure (%)
Free Cash Flow	1,005.09	-223.12	59.38	730.52	-39.69	55.07	37.22	25.15	17	11.49

Weighted Average Cost Of Capital

Share price	$ 296.8
Beta	0.997
Diluted Shares Outstanding	6.36
Cost of Debt
Tax Rate	27.20
After-tax Cost of Debt	3.64%
Risk-Free Rate
Market Risk Premium
Cost of Equity	9.333
Total Debt	-
Total Equity	1,888.96
Total Capital	1,888.96
Debt Weighting	0.00
Equity Weighting	100.00
Wacc

Build Up Free Cash Flow

Year A/P	2019 Actual	2020 Actual	2021 Actual	2022 Actual	2023 Actual	2024 Projected	2025 Projected	2026 Projected	2027 Projected	2028 Projected
Revenue	4,050.77	2,675.19	1,430.99	1,548.83	659.50	445.73	301.26	203.61	137.61	93.01
Operating Cash Flow	1,090.15	34.53	301.63	794.19	126.37	106.73	72.13	48.75	32.95	22.27
Capital Expenditure	-85.05	-257.65	-242.25	-63.67	-166.05	-51.66	-34.92	-23.60	-15.95	-10.78
Free Cash Flow	1,005.09	-223.12	59.38	730.52	-39.69	55.07	37.22	25.15	17	11.49
WACC
PV LFCF						50.37	31.14	19.25	11.90	7.36
SUM PV LFCF										120.01

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%)	9.33
Free cash flow (t + 1)	11.72
Terminal Value	159.89
Present Value of Terminal Value	102.36

Intrinsic Value

Enterprise Value	222.37
Net Debt	-325.21
Equity Value	547.58
Shares Outstanding	6.36
Equity Value Per Share	86.04