Discounted Cash Flow (DCF) Analysis Levered
Altri, SGPS, S.A. (ALTR.LS)
4.08 €
-0.05 (-1.11%)
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 | 656.06 | 777.61 | 735.54 | 608.58 | 785.22 | 834.06 | 885.94 | 941.05 | 999.59 | 1,061.77 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | - | - | - | - | - | - | - | - | - | - |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -84.97 | -64.92 | -71.10 | -37.37 | -65.11 | -75.73 | -80.44 | -85.45 | -90.76 | -96.41 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | - | - | - | - | - | -75.73 | -80.44 | -85.45 | -90.76 | -96.41 |
Weighted Average Cost Of Capital
Share price | $ 4.08 |
---|---|
Beta | 1.115 |
Diluted Shares Outstanding | 205.13 |
Cost of Debt | |
Tax Rate | 17.71 |
After-tax Cost of Debt | 1.51% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 8.872 |
Total Debt | 656.77 |
Total Equity | 836.94 |
Total Capital | 1,493.71 |
Debt Weighting | 43.97 |
Equity Weighting | 56.03 |
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 | 656.06 | 777.61 | 735.54 | 608.58 | 785.22 | 834.06 | 885.94 | 941.05 | 999.59 | 1,061.77 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | - | - | - | - | - | - | - | - | - | - |
Capital Expenditure | -84.97 | -64.92 | -71.10 | -37.37 | -65.11 | -75.73 | -80.44 | -85.45 | -90.76 | -96.41 |
Free Cash Flow | - | - | - | - | - | -75.73 | -80.44 | -85.45 | -90.76 | -96.41 |
WACC | ||||||||||
PV LFCF | -71.70 | -72.10 | -72.50 | -72.91 | -73.31 | |||||
SUM PV LFCF | -362.51 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 5.63 |
Free cash flow (t + 1) | -98.34 |
Terminal Value | -2,709.01 |
Present Value of Terminal Value | -2,060.03 |
Intrinsic Value
Enterprise Value | -2,422.54 |
---|---|
Net Debt | 417.83 |
Equity Value | -2,840.38 |
Shares Outstanding | 205.13 |
Equity Value Per Share | -13.85 |