Discounted Cash Flow (DCF) Analysis Levered

CNIM Groupe SA (COM.PA)

7.46 €

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: -1,336.71 | 7.46 | overvalue

Free Cash Flow

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 539.86634.94689.77588.39632.89663.13694.82728.02762.81799.26
Revenue (%)
Operating Cash Flow 48.959.96-97.16-89.69-30.71-31.23-32.72-34.28-35.92-37.64
Operating Cash Flow (%)
Capital Expenditure -21.26-25.08-22.41-22.99-22.54-24.68-25.86-27.09-28.39-29.74
Capital Expenditure (%)
Free Cash Flow 27.69-15.12-119.57-112.68-53.25-55.90-58.58-61.37-64.31-67.38

Weighted Average Cost Of Capital

Share price $ 7.46
Beta 0.966
Diluted Shares Outstanding 2.82
Cost of Debt
Tax Rate -2.92
After-tax Cost of Debt 3.32%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.123
Total Debt 250.89
Total Equity 21.07
Total Capital 271.96
Debt Weighting 92.25
Equity Weighting 7.75
Wacc

Build Up Free Cash Flow

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 539.86634.94689.77588.39632.89663.13694.82728.02762.81799.26
Operating Cash Flow 48.959.96-97.16-89.69-30.71-31.23-32.72-34.28-35.92-37.64
Capital Expenditure -21.26-25.08-22.41-22.99-22.54-24.68-25.86-27.09-28.39-29.74
Free Cash Flow 27.69-15.12-119.57-112.68-53.25-55.90-58.58-61.37-64.31-67.38
WACC
PV LFCF -53.91-54.48-55.05-55.63-56.21
SUM PV LFCF -275.29

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 3.69
Free cash flow (t + 1) -68.73
Terminal Value -4,066.72
Present Value of Terminal Value -3,392.81

Intrinsic Value

Enterprise Value -3,668.10
Net Debt 107.79
Equity Value -3,775.89
Shares Outstanding 2.82
Equity Value Per Share -1,336.71