Discounted Cash Flow (DCF) Analysis Levered

Centrale d'Achat Française pour l'O... (CAFO.PA)

9.38 €

-0.28 (-2.90%)
All numbers are in Millions, Currency in USD
Stock DCF: 290.80 | 9.38 | 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 396.99412.91304.32316.66397.86405.24412.74420.39428.18436.11
Revenue (%)
Operating Cash Flow 10.78-5.7611.6143.0833.8222.0822.4822.9023.3323.76
Operating Cash Flow (%)
Capital Expenditure -9.14-11.44-12.48-9.22-17.42-13.34-13.59-13.84-14.10-14.36
Capital Expenditure (%)
Free Cash Flow 1.64-17.20-0.8733.8616.408.738.899.069.239.40

Weighted Average Cost Of Capital

Share price $ 9.38
Beta 0.596
Diluted Shares Outstanding 9.39
Cost of Debt
Tax Rate 80.56
After-tax Cost of Debt 0.30%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.566
Total Debt 188.73
Total Equity 88.12
Total Capital 276.85
Debt Weighting 68.17
Equity Weighting 31.83
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 396.99412.91304.32316.66397.86405.24412.74420.39428.18436.11
Operating Cash Flow 10.78-5.7611.6143.0833.8222.0822.4822.9023.3323.76
Capital Expenditure -9.14-11.44-12.48-9.22-17.42-13.34-13.59-13.84-14.10-14.36
Free Cash Flow 1.64-17.20-0.8733.8616.408.738.899.069.239.40
WACC
PV LFCF 7.797.767.737.697.66
SUM PV LFCF 42.31

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 2.30
Free cash flow (t + 1) 9.58
Terminal Value 3,194.96
Present Value of Terminal Value 2,851.59

Intrinsic Value

Enterprise Value 2,893.90
Net Debt 161.93
Equity Value 2,731.97
Shares Outstanding 9.39
Equity Value Per Share 290.80