Discounted Cash Flow (DCF) Analysis Levered

TXCOM Société Anonyme (ALTXC.PA)

11.4 €

-0.40 (-3.39%)
All numbers are in Millions, Currency in USD
Stock DCF: -Infinity | 11.4 | overvalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 9.7711.3513.1213.6212.9113.8914.9516.0917.3118.63
Revenue (%)
Operating Cash Flow 2.040.780.401.950.661.401.501.621.741.87
Operating Cash Flow (%)
Capital Expenditure -0.12-0.31-0.24-0.26-0.25-0.27-0.29-0.31-0.33-0.36
Capital Expenditure (%)
Free Cash Flow 1.920.470.161.690.411.131.221.311.411.52

Weighted Average Cost Of Capital

Share price $ 11.4
Beta 0.423
Diluted Shares Outstanding -
Cost of Debt
Tax Rate 36.06
After-tax Cost of Debt 1.02%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.603
Total Debt 0.30
Total Equity -
Total Capital 0.30
Debt Weighting 100.00
Equity Weighting 0.00
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 9.7711.3513.1213.6212.9113.8914.9516.0917.3118.63
Operating Cash Flow 2.040.780.401.950.661.401.501.621.741.87
Capital Expenditure -0.12-0.31-0.24-0.26-0.25-0.27-0.29-0.31-0.33-0.36
Free Cash Flow 1.920.470.161.690.411.131.221.311.411.52
WACC
PV LFCF 1.121.191.271.351.44
SUM PV LFCF 6.37

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 1.02
Free cash flow (t + 1) 1.55
Terminal Value -157.76
Present Value of Terminal Value -149.95

Intrinsic Value

Enterprise Value -143.58
Net Debt -5.83
Equity Value -137.75
Shares Outstanding -
Equity Value Per Share -Infinity