Discounted Cash Flow (DCF) Analysis Levered
Diebold Nixdorf, Incorporated (DBD.DE)
2.96 €
0.00 (0.00%)
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 | 4,609.30 | 4,578.60 | 4,408.70 | 3,902.30 | 3,905.20 | 3,751.05 | 3,602.99 | 3,460.77 | 3,324.17 | 3,192.96 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 37.10 | -104.10 | 135.80 | 18 | 123.30 | 39.24 | 37.69 | 36.20 | 34.77 | 33.40 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -69.40 | -58.50 | -42.90 | -44.70 | -51.30 | -46.63 | -44.79 | -43.02 | -41.32 | -39.69 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -32.30 | -162.60 | 92.90 | -26.70 | 72 | -7.39 | -7.10 | -6.82 | -6.55 | -6.29 |
Weighted Average Cost Of Capital
| Share price | $ 2.96 |
|---|---|
| Beta | 3.014 |
| Diluted Shares Outstanding | 76.70 |
| Cost of Debt | |
| Tax Rate | -55.42 |
| After-tax Cost of Debt | 8.52% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 17.756 |
| Total Debt | 2,292.70 |
| Total Equity | 227.03 |
| Total Capital | 2,519.73 |
| Debt Weighting | 90.99 |
| Equity Weighting | 9.01 |
| 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 | 4,609.30 | 4,578.60 | 4,408.70 | 3,902.30 | 3,905.20 | 3,751.05 | 3,602.99 | 3,460.77 | 3,324.17 | 3,192.96 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 37.10 | -104.10 | 135.80 | 18 | 123.30 | 39.24 | 37.69 | 36.20 | 34.77 | 33.40 |
| Capital Expenditure | -69.40 | -58.50 | -42.90 | -44.70 | -51.30 | -46.63 | -44.79 | -43.02 | -41.32 | -39.69 |
| Free Cash Flow | -32.30 | -162.60 | 92.90 | -26.70 | 72 | -7.39 | -7.10 | -6.82 | -6.55 | -6.29 |
| WACC | ||||||||||
| PV LFCF | -6.76 | -5.94 | -5.22 | -4.58 | -4.02 | |||||
| SUM PV LFCF | -26.52 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 9.35 |
| Free cash flow (t + 1) | -6.42 |
| Terminal Value | -87.33 |
| Present Value of Terminal Value | -55.85 |
Intrinsic Value
| Enterprise Value | -82.37 |
|---|---|
| Net Debt | 1,903.80 |
| Equity Value | -1,986.17 |
| Shares Outstanding | 76.70 |
| Equity Value Per Share | -25.90 |