Discounted Cash Flow (DCF) Analysis Levered
Atari SA (ATA.PA)
0.1448 €
0.00 (0.00%)
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 | 20.60 | 24 | 18.90 | 14.90 | 14.47 | 14.06 | 13.66 | 13.26 | 12.88 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 4.30 | 4.60 | 1.10 | -4.60 | -5.80 | -0.36 | -0.35 | -0.34 | -0.33 | -0.32 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -5.30 | -7.10 | -9.60 | -4.60 | -4.30 | -4.55 | -4.42 | -4.29 | -4.17 | -4.05 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -1 | -2.50 | -8.50 | -9.20 | -10.10 | -4.91 | -4.77 | -4.63 | -4.50 | -4.37 |
Weighted Average Cost Of Capital
| Share price | $ 0.1,448 |
|---|---|
| Beta | 0.778 |
| Diluted Shares Outstanding | 304.79 |
| Cost of Debt | |
| Tax Rate | -0.40 |
| After-tax Cost of Debt | 2.94% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 8.152 |
| Total Debt | 6.80 |
| Total Equity | 44.13 |
| Total Capital | 50.93 |
| Debt Weighting | 13.35 |
| Equity Weighting | 86.65 |
| 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 | 20.60 | 24 | 18.90 | 14.90 | 14.47 | 14.06 | 13.66 | 13.26 | 12.88 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 4.30 | 4.60 | 1.10 | -4.60 | -5.80 | -0.36 | -0.35 | -0.34 | -0.33 | -0.32 |
| Capital Expenditure | -5.30 | -7.10 | -9.60 | -4.60 | -4.30 | -4.55 | -4.42 | -4.29 | -4.17 | -4.05 |
| Free Cash Flow | -1 | -2.50 | -8.50 | -9.20 | -10.10 | -4.91 | -4.77 | -4.63 | -4.50 | -4.37 |
| WACC | ||||||||||
| PV LFCF | -4.57 | -4.13 | -3.73 | -3.37 | -3.05 | |||||
| SUM PV LFCF | -18.85 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 7.46 |
| Free cash flow (t + 1) | -4.46 |
| Terminal Value | -81.63 |
| Present Value of Terminal Value | -56.96 |
Intrinsic Value
| Enterprise Value | -75.81 |
|---|---|
| Net Debt | 6.20 |
| Equity Value | -82.01 |
| Shares Outstanding | 304.79 |
| Equity Value Per Share | -0.27 |