Discounted Cash Flow (DCF) Analysis Levered
Corticeira Amorim, S.G.P.S., S.A. (COR.LS)
9.72 €
+0.01 (+0.10%)
All numbers are in Millions, Currency in USD
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 | 701.61 | 763.12 | 781.06 | 740.11 | 837.82 | 877.78 | 919.64 | 963.50 | 1,009.45 | 1,057.60 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | - | - | - | - | - | - | - | - | - | - |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -44.27 | -57.30 | -59.01 | -44.69 | -41.62 | -56.84 | -59.55 | -62.39 | -65.37 | -68.49 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | - | - | - | - | - | -56.84 | -59.55 | -62.39 | -65.37 | -68.49 |
Weighted Average Cost Of Capital
| Share price | $ 9.72 |
|---|---|
| Beta | 0.661 |
| Diluted Shares Outstanding | 133 |
| Cost of Debt | |
| Tax Rate | 26.32 |
| After-tax Cost of Debt | 0.57% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 6.812 |
| Total Debt | 157.68 |
| Total Equity | 1,292.76 |
| Total Capital | 1,450.44 |
| Debt Weighting | 10.87 |
| Equity Weighting | 89.13 |
| 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 | 701.61 | 763.12 | 781.06 | 740.11 | 837.82 | 877.78 | 919.64 | 963.50 | 1,009.45 | 1,057.60 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure | -44.27 | -57.30 | -59.01 | -44.69 | -41.62 | -56.84 | -59.55 | -62.39 | -65.37 | -68.49 |
| Free Cash Flow | - | - | - | - | - | -56.84 | -59.55 | -62.39 | -65.37 | -68.49 |
| WACC | ||||||||||
| PV LFCF | -53.56 | -52.87 | -52.20 | -51.53 | -50.87 | |||||
| SUM PV LFCF | -261.02 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 6.13 |
| Free cash flow (t + 1) | -69.86 |
| Terminal Value | -1,691.46 |
| Present Value of Terminal Value | -1,256.24 |
Intrinsic Value
| Enterprise Value | -1,517.26 |
|---|---|
| Net Debt | 48.07 |
| Equity Value | -1,565.33 |
| Shares Outstanding | 133 |
| Equity Value Per Share | -11.77 |