Discounted Cash Flow (DCF) Analysis Levered
RocTool S.A. (ALROC.PA)
2.84 €
+0.06 (+2.16%)
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 | 8.45 | 7.21 | 7.66 | 6.71 | 8.24 | 8.28 | 8.31 | 8.35 | 8.39 | 8.43 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -3 | -0.64 | -2.08 | -2.06 | -0.32 | -1.76 | -1.76 | -1.77 | -1.78 | -1.79 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -1.10 | -1.33 | -0.61 | -0.41 | -0.35 | -0.82 | -0.83 | -0.83 | -0.83 | -0.84 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -4.10 | -1.96 | -2.69 | -2.47 | -0.67 | -2.58 | -2.59 | -2.60 | -2.61 | -2.63 |
Weighted Average Cost Of Capital
| Share price | $ 2.84 |
|---|---|
| Beta | 0.559 |
| Diluted Shares Outstanding | 4.23 |
| Cost of Debt | |
| Tax Rate | 1.06 |
| After-tax Cost of Debt | 1.29% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 6.422 |
| Total Debt | 4.48 |
| Total Equity | 12 |
| Total Capital | 16.49 |
| Debt Weighting | 27.19 |
| Equity Weighting | 72.81 |
| 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 | 8.45 | 7.21 | 7.66 | 6.71 | 8.24 | 8.28 | 8.31 | 8.35 | 8.39 | 8.43 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -3 | -0.64 | -2.08 | -2.06 | -0.32 | -1.76 | -1.76 | -1.77 | -1.78 | -1.79 |
| Capital Expenditure | -1.10 | -1.33 | -0.61 | -0.41 | -0.35 | -0.82 | -0.83 | -0.83 | -0.83 | -0.84 |
| Free Cash Flow | -4.10 | -1.96 | -2.69 | -2.47 | -0.67 | -2.58 | -2.59 | -2.60 | -2.61 | -2.63 |
| WACC | ||||||||||
| PV LFCF | -1.92 | -1.84 | -1.76 | -1.68 | -1.61 | |||||
| SUM PV LFCF | -11.25 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 5.03 |
| Free cash flow (t + 1) | -2.68 |
| Terminal Value | -88.43 |
| Present Value of Terminal Value | -69.19 |
Intrinsic Value
| Enterprise Value | -80.44 |
|---|---|
| Net Debt | 2.52 |
| Equity Value | -82.96 |
| Shares Outstanding | 4.23 |
| Equity Value Per Share | -19.63 |