Discounted Cash Flow (DCF) Analysis Levered

Umanis SA (ALUMS.PA)

17.15 €

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: 23.50 | 17.15 | undervalue

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 191.07206.74219.22214.87245.95262.38279.91298.61318.55339.83
Revenue (%)
Operating Cash Flow 7.4315.96-13.1248.3826.9220.5121.8823.3424.9026.57
Operating Cash Flow (%)
Capital Expenditure -2.64-2.62-1.49-0.53-1.12-2.12-2.26-2.41-2.57-2.74
Capital Expenditure (%)
Free Cash Flow 4.7913.34-14.6147.8625.8018.4019.6320.9422.3323.83

Weighted Average Cost Of Capital

Share price $ 17.15
Beta 0.858
Diluted Shares Outstanding 18.55
Cost of Debt
Tax Rate 27.49
After-tax Cost of Debt 2.54%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.431
Total Debt 65.71
Total Equity 318.20
Total Capital 383.91
Debt Weighting 17.12
Equity Weighting 82.88
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 191.07206.74219.22214.87245.95262.38279.91298.61318.55339.83
Operating Cash Flow 7.4315.96-13.1248.3826.9220.5121.8823.3424.9026.57
Capital Expenditure -2.64-2.62-1.49-0.53-1.12-2.12-2.26-2.41-2.57-2.74
Free Cash Flow 4.7913.34-14.6147.8625.8018.4019.6320.9422.3323.83
WACC
PV LFCF 12.5412.5512.5712.5812.59
SUM PV LFCF 86.44

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.59
Free cash flow (t + 1) 24.30
Terminal Value 529.48
Present Value of Terminal Value 384.83

Intrinsic Value

Enterprise Value 471.27
Net Debt 35.31
Equity Value 435.95
Shares Outstanding 18.55
Equity Value Per Share 23.50