Discounted Cash Flow (DCF) Analysis Levered
Derichebourg SA (DBG.PA)
6.39 €
+0.19 (+3.06%)
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 | 2,735.40 | 2,924.30 | 2,708.20 | 2,465.60 | 3,620.30 | 3,958.71 | 4,328.76 | 4,733.39 | 5,175.85 | 5,659.67 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 180.90 | 170.20 | 165.10 | 176.40 | 325 | 274.43 | 300.08 | 328.13 | 358.80 | 392.34 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -71.80 | -90.10 | -89.50 | -70.10 | -68.40 | -108.81 | -118.98 | -130.10 | -142.27 | -155.56 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 109.10 | 80.10 | 75.60 | 106.30 | 256.60 | 165.62 | 181.10 | 198.03 | 216.54 | 236.78 |
Weighted Average Cost Of Capital
Share price | $ 6.39 |
---|---|
Beta | 1.669 |
Diluted Shares Outstanding | 159.40 |
Cost of Debt | |
Tax Rate | 29.41 |
After-tax Cost of Debt | 1.20% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 10.726 |
Total Debt | 983.20 |
Total Equity | 1,018.55 |
Total Capital | 2,001.75 |
Debt Weighting | 49.12 |
Equity Weighting | 50.88 |
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 | 2,735.40 | 2,924.30 | 2,708.20 | 2,465.60 | 3,620.30 | 3,958.71 | 4,328.76 | 4,733.39 | 5,175.85 | 5,659.67 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 180.90 | 170.20 | 165.10 | 176.40 | 325 | 274.43 | 300.08 | 328.13 | 358.80 | 392.34 |
Capital Expenditure | -71.80 | -90.10 | -89.50 | -70.10 | -68.40 | -108.81 | -118.98 | -130.10 | -142.27 | -155.56 |
Free Cash Flow | 109.10 | 80.10 | 75.60 | 106.30 | 256.60 | 165.62 | 181.10 | 198.03 | 216.54 | 236.78 |
WACC | ||||||||||
PV LFCF | 156.17 | 161.03 | 166.03 | 171.20 | 176.52 | |||||
SUM PV LFCF | 830.94 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 6.05 |
Free cash flow (t + 1) | 241.52 |
Terminal Value | 5,963.35 |
Present Value of Terminal Value | 4,445.67 |
Intrinsic Value
Enterprise Value | 5,276.62 |
---|---|
Net Debt | 195.70 |
Equity Value | 5,080.92 |
Shares Outstanding | 159.40 |
Equity Value Per Share | 31.88 |