Discounted Cash Flow (DCF) Analysis Levered

Chargeurs SA (CRI.PA)

8.72 €

-0.05 (-0.57%)
All numbers are in Millions, Currency in USD
Stock DCF: 5.73 | 8.72 | overvalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 573.30626.20822736.60746.40805.06868.33936.571,010.181,089.57
Revenue (%)
Operating Cash Flow 14.4025.507364.90-7.4037.4940.4443.6147.0450.74
Operating Cash Flow (%)
Capital Expenditure -24.30-25.30-14.90-13-10.80-21.42-23.10-24.92-26.88-28.99
Capital Expenditure (%)
Free Cash Flow -9.900.2058.1051.90-18.2016.0717.3318.7020.1621.75

Weighted Average Cost Of Capital

Share price $ 8.72
Beta 1.602
Diluted Shares Outstanding 24.38
Cost of Debt
Tax Rate -13.92
After-tax Cost of Debt 4.64%
Risk-Free Rate
Market Risk Premium
Cost of Equity 11.882
Total Debt 345
Total Equity 212.55
Total Capital 557.55
Debt Weighting 61.88
Equity Weighting 38.12
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 573.30626.20822736.60746.40805.06868.33936.571,010.181,089.57
Operating Cash Flow 14.4025.507364.90-7.4037.4940.4443.6147.0450.74
Capital Expenditure -24.30-25.30-14.90-13-10.80-21.42-23.10-24.92-26.88-28.99
Free Cash Flow -9.900.2058.1051.90-18.2016.0717.3318.7020.1621.75
WACC
PV LFCF 14.9615.0315.0915.1615.22
SUM PV LFCF 75.46

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 7.40
Free cash flow (t + 1) 22.18
Terminal Value 410.82
Present Value of Terminal Value 287.50

Intrinsic Value

Enterprise Value 362.95
Net Debt 223.30
Equity Value 139.65
Shares Outstanding 24.38
Equity Value Per Share 5.73