Discounted Cash Flow (DCF) Analysis Levered
BigBen Interactive (BIG.PA)
5.24 €
-0.10 (-1.87%)
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 | 245.41 | 245.50 | 263.50 | 292.83 | 275.71 | 284.43 | 293.43 | 302.71 | 312.29 | 322.17 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 21.03 | 22.55 | 27.55 | 52.57 | 35.61 | 33.61 | 34.67 | 35.76 | 36.90 | 38.06 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -18.43 | -30.29 | -36.47 | -52.63 | -59.97 | -41.76 | -43.09 | -44.45 | -45.85 | -47.30 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 2.59 | -7.74 | -8.93 | -0.07 | -24.36 | -8.16 | -8.42 | -8.68 | -8.96 | -9.24 |
Weighted Average Cost Of Capital
Share price | $ 5.24 |
---|---|
Beta | 0.944 |
Diluted Shares Outstanding | 19.72 |
Cost of Debt | |
Tax Rate | 48.88 |
After-tax Cost of Debt | 0.69% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 8.167 |
Total Debt | 239.27 |
Total Equity | 103.33 |
Total Capital | 342.60 |
Debt Weighting | 69.84 |
Equity Weighting | 30.16 |
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 | 245.41 | 245.50 | 263.50 | 292.83 | 275.71 | 284.43 | 293.43 | 302.71 | 312.29 | 322.17 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 21.03 | 22.55 | 27.55 | 52.57 | 35.61 | 33.61 | 34.67 | 35.76 | 36.90 | 38.06 |
Capital Expenditure | -18.43 | -30.29 | -36.47 | -52.63 | -59.97 | -41.76 | -43.09 | -44.45 | -45.85 | -47.30 |
Free Cash Flow | 2.59 | -7.74 | -8.93 | -0.07 | -24.36 | -8.16 | -8.42 | -8.68 | -8.96 | -9.24 |
WACC | ||||||||||
PV LFCF | -7.93 | -7.94 | -7.96 | -7.97 | -7.99 | |||||
SUM PV LFCF | -39.79 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 2.95 |
Free cash flow (t + 1) | -9.43 |
Terminal Value | -992.23 |
Present Value of Terminal Value | -857.99 |
Intrinsic Value
Enterprise Value | -897.78 |
---|---|
Net Debt | 112.83 |
Equity Value | -1,010.60 |
Shares Outstanding | 19.72 |
Equity Value Per Share | -51.25 |