Discounted Cash Flow (DCF) Analysis Levered

D'Ieteren Group SA (DIE.BR)

180.1 €

+1.30 (+0.73%)
All numbers are in Millions, Currency in USD
Stock DCF: 14.69 | 180.1 | overvalue

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 3,455.103,578.103,798.803,3183,360.503,346.663,332.873,319.143,305.473,291.85
Revenue (%)
Operating Cash Flow 85.40-27.4049.20178.30175.9091.0990.7290.3489.9789.60
Operating Cash Flow (%)
Capital Expenditure -35.90-45-50.40-35-46.70-40.61-40.45-40.28-40.11-39.95
Capital Expenditure (%)
Free Cash Flow 49.50-72.40-1.20143.30129.2050.4850.2750.0649.8549.65

Weighted Average Cost Of Capital

Share price $ 180.1
Beta 1.242
Diluted Shares Outstanding 53.97
Cost of Debt
Tax Rate 9.49
After-tax Cost of Debt 1.96%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.332
Total Debt 211.50
Total Equity 9,719.45
Total Capital 9,930.95
Debt Weighting 2.13
Equity Weighting 97.87
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 3,455.103,578.103,798.803,3183,360.503,346.663,332.873,319.143,305.473,291.85
Operating Cash Flow 85.40-27.4049.20178.30175.9091.0990.7290.3489.9789.60
Capital Expenditure -35.90-45-50.40-35-46.70-40.61-40.45-40.28-40.11-39.95
Free Cash Flow 49.50-72.40-1.20143.30129.2050.4850.2750.0649.8549.65
WACC
PV LFCF 38.7935.3932.2829.4526.87
SUM PV LFCF 194.01

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 9.17
Free cash flow (t + 1) 50.64
Terminal Value 706.30
Present Value of Terminal Value 455.49

Intrinsic Value

Enterprise Value 649.49
Net Debt -143.10
Equity Value 792.59
Shares Outstanding 53.97
Equity Value Per Share 14.69