Discounted Cash Flow (DCF) Analysis Levered

Vente-Unique.com SA (ALVU.PA)

14.35 €

-0.35 (-2.38%)
All numbers are in Millions, Currency in USD
Stock DCF: 20.38 | 14.35 | undervalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 95.84118.85163.46143.41162.26187.58216.86250.70289.82335.04
Revenue (%)
Operating Cash Flow 2.2810.6712.70-1.4021.1311.6913.5215.6318.0720.89
Operating Cash Flow (%)
Capital Expenditure -1.61-1.45-1.70-1.74-4.86-3.06-3.53-4.08-4.72-5.46
Capital Expenditure (%)
Free Cash Flow 0.679.2211.01-3.1416.278.649.9911.5513.3515.43

Weighted Average Cost Of Capital

Share price $ 14.35
Beta 1.480
Diluted Shares Outstanding 9.86
Cost of Debt
Tax Rate 26.14
After-tax Cost of Debt 3.04%
Risk-Free Rate
Market Risk Premium
Cost of Equity 11.101
Total Debt 21.55
Total Equity 141.46
Total Capital 163.01
Debt Weighting 13.22
Equity Weighting 86.78
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 95.84118.85163.46143.41162.26187.58216.86250.70289.82335.04
Operating Cash Flow 2.2810.6712.70-1.4021.1311.6913.5215.6318.0720.89
Capital Expenditure -1.61-1.45-1.70-1.74-4.86-3.06-3.53-4.08-4.72-5.46
Free Cash Flow 0.679.2211.01-3.1416.278.649.9911.5513.3515.43
WACC
PV LFCF 7.858.258.669.109.56
SUM PV LFCF 43.43

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 10.04
Free cash flow (t + 1) 15.97
Terminal Value 244.18
Present Value of Terminal Value 151.34

Intrinsic Value

Enterprise Value 194.77
Net Debt -6.16
Equity Value 200.93
Shares Outstanding 9.86
Equity Value Per Share 20.38