Discounted Cash Flow (DCF) Analysis Levered

Bonduelle SCA (BON.PA)

13.62 €

+0.16 (+1.19%)
All numbers are in Millions, Currency in USD
Stock DCF: 225.96 | 13.62 | undervalue

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 2,288.122,776.642,777.122,854.882,778.602,927.923,085.273,251.073,425.783,609.87
Revenue (%)
Operating Cash Flow 221.24141.47119180.06133.73176.66186.16196.16206.70217.81
Operating Cash Flow (%)
Capital Expenditure -64.80-97.72-118.43-97.60-104.75-104.26-109.86-115.76-121.98-128.54
Capital Expenditure (%)
Free Cash Flow 156.4443.750.5782.4628.9872.4176.3080.4084.7289.27

Weighted Average Cost Of Capital

Share price $ 13.62
Beta 0.665
Diluted Shares Outstanding 32.09
Cost of Debt
Tax Rate 27.98
After-tax Cost of Debt 1.43%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.988
Total Debt 813.91
Total Equity 437.12
Total Capital 1,251.03
Debt Weighting 65.06
Equity Weighting 34.94
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 2,288.122,776.642,777.122,854.882,778.602,927.923,085.273,251.073,425.783,609.87
Operating Cash Flow 221.24141.47119180.06133.73176.66186.16196.16206.70217.81
Capital Expenditure -64.80-97.72-118.43-97.60-104.75-104.26-109.86-115.76-121.98-128.54
Free Cash Flow 156.4443.750.5782.4628.9872.4176.3080.4084.7289.27
WACC
PV LFCF 70.2871.8973.5375.2176.93
SUM PV LFCF 367.85

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 3.02
Free cash flow (t + 1) 91.06
Terminal Value 8,927.12
Present Value of Terminal Value 7,693.14

Intrinsic Value

Enterprise Value 8,060.99
Net Debt 809.01
Equity Value 7,251.98
Shares Outstanding 32.09
Equity Value Per Share 225.96