Discounted Cash Flow (DCF) Analysis Levered

Coty Inc. (COTY)

$12.89

-0.37 (-2.79%)
All numbers are in Millions, Currency in USD
Stock DCF: -3.12 | 12.89 | overvalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 8,648.504,717.804,629.905,304.405,554.105,164.804,802.794,466.154,153.113,862.01
Revenue (%)
Operating Cash Flow 639.60-50.90318.70726.60625.70394.22366.58340.89317294.78
Operating Cash Flow (%)
Capital Expenditure -426.60-267.40-173.90-174.10-222.80-223.64-207.96-193.39-179.83-167.23
Capital Expenditure (%)
Free Cash Flow 213-318.30144.80552.50402.90170.58158.62147.50137.17127.55

Weighted Average Cost Of Capital

Share price $ 12.89
Beta 1.887
Diluted Shares Outstanding 886.50
Cost of Debt
Tax Rate 27.89
After-tax Cost of Debt 4.15%
Risk-Free Rate
Market Risk Premium
Cost of Equity 13.180
Total Debt 4,483.60
Total Equity 11,426.99
Total Capital 15,910.58
Debt Weighting 28.18
Equity Weighting 71.82
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 8,648.504,717.804,629.905,304.405,554.105,164.804,802.794,466.154,153.113,862.01
Operating Cash Flow 639.60-50.90318.70726.60625.70394.22366.58340.89317294.78
Capital Expenditure -426.60-267.40-173.90-174.10-222.80-223.64-207.96-193.39-179.83-167.23
Free Cash Flow 213-318.30144.80552.50402.90170.58158.62147.50137.17127.55
WACC
PV LFCF 154.19129.60108.9491.5776.97
SUM PV LFCF 561.27

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 10.63
Free cash flow (t + 1) 130.10
Terminal Value 1,507.55
Present Value of Terminal Value 909.72

Intrinsic Value

Enterprise Value 1,470.99
Net Debt 4,236.70
Equity Value -2,765.71
Shares Outstanding 886.50
Equity Value Per Share -3.12