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
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 | 9.77 | 11.35 | 13.12 | 13.62 | 12.91 | 13.89 | 14.95 | 16.09 | 17.31 | 18.63 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 2.04 | 0.78 | 0.40 | 1.95 | 0.66 | 1.40 | 1.50 | 1.62 | 1.74 | 1.87 |
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 | 1.92 | 0.47 | 0.16 | 1.69 | 0.41 | 1.13 | 1.22 | 1.31 | 1.41 | 1.52 |
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 | 9.77 | 11.35 | 13.12 | 13.62 | 12.91 | 13.89 | 14.95 | 16.09 | 17.31 | 18.63 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 2.04 | 0.78 | 0.40 | 1.95 | 0.66 | 1.40 | 1.50 | 1.62 | 1.74 | 1.87 |
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 | 1.92 | 0.47 | 0.16 | 1.69 | 0.41 | 1.13 | 1.22 | 1.31 | 1.41 | 1.52 |
WACC | ||||||||||
PV LFCF | 1.12 | 1.19 | 1.27 | 1.35 | 1.44 | |||||
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 |