Discounted Cash Flow (DCF) Analysis Levered
DF Deutsche Forfait AG (DFTK.DE)
2.12 €
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 | 3.68 | 3.23 | 12.43 | 8.89 | 9.95 | 16.32 | 26.75 | 43.85 | 71.89 | 117.85 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | -4.01 | -2.36 | 6.51 | 2.75 | -18.51 | -9.28 | -15.22 | -24.95 | -40.90 | -67.05 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | - | - | - | - | - | -9.28 | -15.22 | -24.95 | -40.90 | -67.05 |
Weighted Average Cost Of Capital
Share price | $ 2.12 |
---|---|
Beta | 2.130 |
Diluted Shares Outstanding | 79.87 |
Cost of Debt | |
Tax Rate | -24.01 |
After-tax Cost of Debt | 0.81% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 13.862 |
Total Debt | 16.43 |
Total Equity | 169.32 |
Total Capital | 185.74 |
Debt Weighting | 8.84 |
Equity Weighting | 91.16 |
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 | 3.68 | 3.23 | 12.43 | 8.89 | 9.95 | 16.32 | 26.75 | 43.85 | 71.89 | 117.85 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | -4.01 | -2.36 | 6.51 | 2.75 | -18.51 | -9.28 | -15.22 | -24.95 | -40.90 | -67.05 |
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow | - | - | - | - | - | -9.28 | -15.22 | -24.95 | -40.90 | -67.05 |
WACC | ||||||||||
PV LFCF | -8.24 | -11.98 | -17.43 | -25.34 | -36.86 | |||||
SUM PV LFCF | -99.85 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 12.71 |
Free cash flow (t + 1) | -68.39 |
Terminal Value | -638.57 |
Present Value of Terminal Value | -351.07 |
Intrinsic Value
Enterprise Value | -450.92 |
---|---|
Net Debt | 9.43 |
Equity Value | -460.35 |
Shares Outstanding | 79.87 |
Equity Value Per Share | -5.76 |