Discounted Cash Flow (DCF) Analysis Levered
TXCOM Société Anonyme (ALTXC.PA)
8.55 €
0.00 (0.00%)
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 | 9.08 | 9.77 | 11.35 | 13.12 | 13.62 | 15.09 | 16.72 | 18.53 | 20.53 | 22.75 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 0.50 | 2.04 | 0.78 | 0.40 | 1.95 | 1.53 | 1.69 | 1.88 | 2.08 | 2.30 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -0.37 | -0.12 | -0.31 | -0.24 | -0.33 | -0.37 | -0.41 | -0.45 | -0.50 | -0.56 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 0.13 | 1.92 | 0.47 | 0.16 | 1.62 | 1.16 | 1.28 | 1.42 | 1.58 | 1.75 |
Weighted Average Cost Of Capital
Share price | $ 8.55 |
---|---|
Beta | 0.498 |
Diluted Shares Outstanding | 79.87 |
Cost of Debt | |
Tax Rate | 24.81 |
After-tax Cost of Debt | 0.95% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 5.198 |
Total Debt | 1.40 |
Total Equity | 682.87 |
Total Capital | 684.27 |
Debt Weighting | 0.21 |
Equity Weighting | 99.79 |
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 | 9.08 | 9.77 | 11.35 | 13.12 | 13.62 | 15.09 | 16.72 | 18.53 | 20.53 | 22.75 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 0.50 | 2.04 | 0.78 | 0.40 | 1.95 | 1.53 | 1.69 | 1.88 | 2.08 | 2.30 |
Capital Expenditure | -0.37 | -0.12 | -0.31 | -0.24 | -0.33 | -0.37 | -0.41 | -0.45 | -0.50 | -0.56 |
Free Cash Flow | 0.13 | 1.92 | 0.47 | 0.16 | 1.62 | 1.16 | 1.28 | 1.42 | 1.58 | 1.75 |
WACC | ||||||||||
PV LFCF | 1.10 | 1.16 | 1.22 | 1.29 | 1.36 | |||||
SUM PV LFCF | 6.13 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 5.19 |
Free cash flow (t + 1) | 1.78 |
Terminal Value | 55.87 |
Present Value of Terminal Value | 43.38 |
Intrinsic Value
Enterprise Value | 49.51 |
---|---|
Net Debt | -7.31 |
Equity Value | 56.82 |
Shares Outstanding | 79.87 |
Equity Value Per Share | 0.71 |