Discounted Cash Flow (DCF) Analysis Levered
Compagnie d'Entreprises CFE SA (CFEB.BR)
9.74 €
+0.23 (+2.42%)
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 | 3,640.63 | 3,624.72 | 3,221.96 | 1,125.35 | 1,167.22 | 954.50 | 780.54 | 638.29 | 521.96 | 426.83 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 224.48 | 443.96 | 418.33 | 456.54 | 69.89 | 148.81 | 121.69 | 99.51 | 81.38 | 66.55 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -453.48 | -451.49 | -401.33 | -140.17 | -145.39 | -118.89 | -97.22 | -79.50 | -65.01 | -53.17 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | -228.99 | -7.54 | 17.01 | 316.36 | -75.49 | 29.92 | 24.47 | 20.01 | 16.36 | 13.38 |
Weighted Average Cost Of Capital
Share price | $ 9.74 |
---|---|
Beta | 1.629 |
Diluted Shares Outstanding | 25.31 |
Cost of Debt | |
Tax Rate | -384.39 |
After-tax Cost of Debt | 5.00% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 11.425 |
Total Debt | - |
Total Equity | 246.56 |
Total Capital | 246.56 |
Debt Weighting | 0.00 |
Equity Weighting | 100.00 |
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 | 3,640.63 | 3,624.72 | 3,221.96 | 1,125.35 | 1,167.22 | 954.50 | 780.54 | 638.29 | 521.96 | 426.83 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 224.48 | 443.96 | 418.33 | 456.54 | 69.89 | 148.81 | 121.69 | 99.51 | 81.38 | 66.55 |
Capital Expenditure | -453.48 | -451.49 | -401.33 | -140.17 | -145.39 | -118.89 | -97.22 | -79.50 | -65.01 | -53.17 |
Free Cash Flow | -228.99 | -7.54 | 17.01 | 316.36 | -75.49 | 29.92 | 24.47 | 20.01 | 16.36 | 13.38 |
WACC | ||||||||||
PV LFCF | 26.86 | 19.71 | 14.47 | 10.62 | 7.79 | |||||
SUM PV LFCF | 79.44 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 11.42 |
Free cash flow (t + 1) | 13.65 |
Terminal Value | 144.89 |
Present Value of Terminal Value | 84.38 |
Intrinsic Value
Enterprise Value | 163.82 |
---|---|
Net Debt | -127.15 |
Equity Value | 290.97 |
Shares Outstanding | 25.31 |
Equity Value Per Share | 11.49 |