Discounted Cash Flow (DCF) Analysis Levered

Chargeurs SA (CRI.PA)

11.49 €

-0.46 (-3.85%)
All numbers are in Millions, Currency in USD
Stock DCF: 16.63 | 11.49 | undervalue

Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 533573.30626.20822953.671,106.441,283.681,489.311,727.882,004.66
Revenue (%)
Operating Cash Flow 30.7014.4025.507350.6058.7168.1179.0291.68106.37
Operating Cash Flow (%)
Capital Expenditure -13.60-24.30-25.30-14.90-30.14-34.97-40.57-47.07-54.61-63.36
Capital Expenditure (%)
Free Cash Flow 17.10-9.900.2058.1020.4623.7427.5431.9537.0743.01

Weighted Average Cost Of Capital

Share price $ 11.49
Beta 1.670
Diluted Shares Outstanding 22.85
Cost of Debt
Tax Rate 16.74
After-tax Cost of Debt 4.16%
Risk-Free Rate
Market Risk Premium
Cost of Equity 11.580
Total Debt -
Total Equity 262.56
Total Capital 262.56
Debt Weighting 0.00
Equity Weighting 100.00
Wacc

Build Up Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 533573.30626.20822953.671,106.441,283.681,489.311,727.882,004.66
Operating Cash Flow 30.7014.4025.507350.6058.7168.1179.0291.68106.37
Capital Expenditure -13.60-24.30-25.30-14.90-30.14-34.97-40.57-47.07-54.61-63.36
Free Cash Flow 17.10-9.900.2058.1020.4623.7427.5431.9537.0743.01
WACC
PV LFCF 14.7315.3115.9216.5617.2217.90
SUM PV LFCF 115.17

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 11.58
Free cash flow (t + 1) 43.87
Terminal Value 457.91
Present Value of Terminal Value 264.76

Intrinsic Value

Enterprise Value 379.93
Net Debt -
Equity Value 379.93
Shares Outstanding 22.85
Equity Value Per Share 16.63