Discounted Cash Flow (DCF) Analysis Levered
Lucibel SA (ALUCI.PA)
0.512 €
-0.03 (-5.19%)
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 | 18.06 | 14.17 | 10.20 | 9.15 | 8.18 | 6.74 | 5.55 | 4.57 | 3.77 | 3.10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -4.79 | -1.56 | -1.38 | -2.68 | -1.66 | -1.36 | -1.12 | -0.92 | -0.76 | -0.62 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -2.29 | -0.46 | -0.33 | -0.51 | -0.47 | -0.41 | -0.34 | -0.28 | -0.23 | -0.19 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -7.08 | -2.02 | -1.71 | -3.19 | -2.13 | -1.77 | -1.46 | -1.20 | -0.99 | -0.81 |
Weighted Average Cost Of Capital
| Share price | $ 0.512 |
|---|---|
| Beta | 0.961 |
| Diluted Shares Outstanding | 16.16 |
| Cost of Debt | |
| Tax Rate | 1.72 |
| After-tax Cost of Debt | 1.06% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.094 |
| Total Debt | 4.45 |
| Total Equity | 8.28 |
| Total Capital | 12.73 |
| Debt Weighting | 34.99 |
| Equity Weighting | 65.01 |
| 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 | 18.06 | 14.17 | 10.20 | 9.15 | 8.18 | 6.74 | 5.55 | 4.57 | 3.77 | 3.10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -4.79 | -1.56 | -1.38 | -2.68 | -1.66 | -1.36 | -1.12 | -0.92 | -0.76 | -0.62 |
| Capital Expenditure | -2.29 | -0.46 | -0.33 | -0.51 | -0.47 | -0.41 | -0.34 | -0.28 | -0.23 | -0.19 |
| Free Cash Flow | -7.08 | -2.02 | -1.71 | -3.19 | -2.13 | -1.77 | -1.46 | -1.20 | -0.99 | -0.81 |
| WACC | ||||||||||
| PV LFCF | -1.66 | -1.29 | -1 | -0.77 | -0.60 | |||||
| SUM PV LFCF | -5.33 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 6.28 |
| Free cash flow (t + 1) | -0.83 |
| Terminal Value | -19.40 |
| Present Value of Terminal Value | -14.31 |
Intrinsic Value
| Enterprise Value | -19.64 |
|---|---|
| Net Debt | 3.89 |
| Equity Value | -23.52 |
| Shares Outstanding | 16.16 |
| Equity Value Per Share | -1.46 |