Discounted Cash Flow (DCF) Analysis Levered

Theraclion SA (ALTHE.PA)

0.56 €

+0.02 (+3.70%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: -10.21 | 0.56 | overvalue

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 2.431.932.780.741.481.661.872.102.362.65
Revenue (%)
Operating Cash Flow -6.79-4.73-3.69-3.32-3.88-4.55-5.11-5.74-6.45-7.24
Operating Cash Flow (%)
Capital Expenditure -0.18-0.16-0.13-0.13-0.15-0.16-0.18-0.20-0.23-0.26
Capital Expenditure (%)
Free Cash Flow -6.97-4.89-3.82-3.45-4.03-4.71-5.29-5.94-6.68-7.50

Weighted Average Cost Of Capital

Share price $ 0.56
Beta 0.414
Diluted Shares Outstanding 22.77
Cost of Debt
Tax Rate 19.01
After-tax Cost of Debt 2.04%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.589
Total Debt 2.94
Total Equity 12.75
Total Capital 15.69
Debt Weighting 18.72
Equity Weighting 81.28
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 2.431.932.780.741.481.661.872.102.362.65
Operating Cash Flow -6.79-4.73-3.69-3.32-3.88-4.55-5.11-5.74-6.45-7.24
Capital Expenditure -0.18-0.16-0.13-0.13-0.15-0.16-0.18-0.20-0.23-0.26
Free Cash Flow -6.97-4.89-3.82-3.45-4.03-4.71-5.29-5.94-6.68-7.50
WACC
PV LFCF -4.49-4.80-5.15-5.51-5.90
SUM PV LFCF -25.85

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.92
Free cash flow (t + 1) -7.65
Terminal Value -262.06
Present Value of Terminal Value -206.11

Intrinsic Value

Enterprise Value -231.96
Net Debt 0.48
Equity Value -232.43
Shares Outstanding 22.77
Equity Value Per Share -10.21