Discounted Cash Flow (DCF) Analysis Levered
Avenir Telecom S.A. (AVT.PA)
0.0099 €
+0.00 (+2.06%)
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 | 56.22 | 38.97 | 31.64 | 16.15 | 43.85 | 51.86 | 61.33 | 72.54 | 85.79 | 101.46 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 8.04 | -3.71 | -2.11 | -1.96 | -7.23 | -3.17 | -3.74 | -4.43 | -5.24 | -6.20 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.02 | -0.18 | -0 | -0 | -0 | -0.05 | -0.06 | -0.07 | -0.09 | -0.10 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 8.02 | -3.88 | -2.12 | -1.96 | -7.24 | -3.22 | -3.81 | -4.50 | -5.33 | -6.30 |
Weighted Average Cost Of Capital
| Share price | $ 0.0,099 |
|---|---|
| Beta | 0.758 |
| Diluted Shares Outstanding | 363.01 |
| Cost of Debt | |
| Tax Rate | 32.06 |
| After-tax Cost of Debt | 0.02% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 6.428 |
| Total Debt | 3.39 |
| Total Equity | 3.59 |
| Total Capital | 6.99 |
| Debt Weighting | 48.57 |
| Equity Weighting | 51.43 |
| 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 | 56.22 | 38.97 | 31.64 | 16.15 | 43.85 | 51.86 | 61.33 | 72.54 | 85.79 | 101.46 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 8.04 | -3.71 | -2.11 | -1.96 | -7.23 | -3.17 | -3.74 | -4.43 | -5.24 | -6.20 |
| Capital Expenditure | -0.02 | -0.18 | -0 | -0 | -0 | -0.05 | -0.06 | -0.07 | -0.09 | -0.10 |
| Free Cash Flow | 8.02 | -3.88 | -2.12 | -1.96 | -7.24 | -3.22 | -3.81 | -4.50 | -5.33 | -6.30 |
| WACC | ||||||||||
| PV LFCF | -3.12 | -3.57 | -4.08 | -4.67 | -5.35 | |||||
| SUM PV LFCF | -20.79 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 3.32 |
| Free cash flow (t + 1) | -6.43 |
| Terminal Value | -486.81 |
| Present Value of Terminal Value | -413.46 |
Intrinsic Value
| Enterprise Value | -434.26 |
|---|---|
| Net Debt | -21.49 |
| Equity Value | -412.76 |
| Shares Outstanding | 363.01 |
| Equity Value Per Share | -1.14 |