Discounted Cash Flow (DCF) Analysis Levered
Umanis SA (ALUMS.PA)
17.15 €
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 | 191.07 | 206.74 | 219.22 | 214.87 | 245.95 | 262.38 | 279.91 | 298.61 | 318.55 | 339.83 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 7.43 | 15.96 | -13.12 | 48.38 | 26.92 | 20.51 | 21.88 | 23.34 | 24.90 | 26.57 |
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 | 4.79 | 13.34 | -14.61 | 47.86 | 25.80 | 18.40 | 19.63 | 20.94 | 22.33 | 23.83 |
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 | 191.07 | 206.74 | 219.22 | 214.87 | 245.95 | 262.38 | 279.91 | 298.61 | 318.55 | 339.83 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 7.43 | 15.96 | -13.12 | 48.38 | 26.92 | 20.51 | 21.88 | 23.34 | 24.90 | 26.57 |
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 | 4.79 | 13.34 | -14.61 | 47.86 | 25.80 | 18.40 | 19.63 | 20.94 | 22.33 | 23.83 |
WACC | ||||||||||
PV LFCF | 12.54 | 12.55 | 12.57 | 12.58 | 12.59 | |||||
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 |