Discounted Cash Flow (DCF) Analysis Levered

Centogene N.V. (CNTG)

$1.49

+0.02 (+1.36%)
All numbers are in Millions, Currency in USD
Stock DCF: 1,569.32 | 1.49 | 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 31.6940.4848.78128.38189.92313.07516.07850.701,402.312,311.58
Revenue (%)
Operating Cash Flow -4.34-4.58-7.778.46-21.74-28.67-47.26-77.90-128.41-211.67
Operating Cash Flow (%)
Capital Expenditure -18.03-11.77-7.58-16.55-5.70-73.52-121.18-199.76-329.29-542.80
Capital Expenditure (%)
Free Cash Flow -22.37-16.35-15.35-8.09-27.44-102.18-168.44-277.66-457.70-754.47

Weighted Average Cost Of Capital

Share price $ 1.49
Beta -1.182
Diluted Shares Outstanding 22.44
Cost of Debt
Tax Rate 0.05
After-tax Cost of Debt 3.73%
Risk-Free Rate
Market Risk Premium
Cost of Equity -2.692
Total Debt 22.81
Total Equity 33.43
Total Capital 56.24
Debt Weighting 40.56
Equity Weighting 59.44
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 31.6940.4848.78128.38189.92313.07516.07850.701,402.312,311.58
Operating Cash Flow -4.34-4.58-7.778.46-21.74-28.67-47.26-77.90-128.41-211.67
Capital Expenditure -18.03-11.77-7.58-16.55-5.70-73.52-121.18-199.76-329.29-542.80
Free Cash Flow -22.37-16.35-15.35-8.09-27.44-102.18-168.44-277.66-457.70-754.47
WACC
PV LFCF -102.27-168.74-278.41-459.35-757.88
SUM PV LFCF -1,766.65

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -0.09
Free cash flow (t + 1) -769.56
Terminal Value 36,821.16
Present Value of Terminal Value 36,987.30

Intrinsic Value

Enterprise Value 35,220.65
Net Debt 9.43
Equity Value 35,211.22
Shares Outstanding 22.44
Equity Value Per Share 1,569.32