Discounted Cash Flow (DCF) Analysis Levered

DGNV N.V. (DPA.AS)

0.1 €

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: 6.16 | 0.1 | undervalue

Free Cash Flow

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 125.56137.26158.82151.65135.15138.40141.73145.14148.64152.21
Revenue (%)
Operating Cash Flow 6.61-2.619.6918.7522.2810.6110.8611.1211.3911.67
Operating Cash Flow (%)
Capital Expenditure -0.45-0.59-1-0.14-0.08-0.44-0.45-0.46-0.47-0.48
Capital Expenditure (%)
Free Cash Flow 6.16-3.208.6918.6122.2010.1710.4210.6710.9211.19

Weighted Average Cost Of Capital

Share price $ 0.1
Beta 2.096
Diluted Shares Outstanding 46.97
Cost of Debt
Tax Rate 61.15
After-tax Cost of Debt 1.65%
Risk-Free Rate
Market Risk Premium
Cost of Equity 14.144
Total Debt 10.59
Total Equity 4.70
Total Capital 15.28
Debt Weighting 69.27
Equity Weighting 30.73
Wacc

Build Up Free Cash Flow

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 125.56137.26158.82151.65135.15138.40141.73145.14148.64152.21
Operating Cash Flow 6.61-2.619.6918.7522.2810.6110.8611.1211.3911.67
Capital Expenditure -0.45-0.59-1-0.14-0.08-0.44-0.45-0.46-0.47-0.48
Free Cash Flow 6.16-3.208.6918.6122.2010.1710.4210.6710.9211.19
WACC
PV LFCF 7.387.166.966.756.55
SUM PV LFCF 45.47

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.49
Free cash flow (t + 1) 11.41
Terminal Value 326.93
Present Value of Terminal Value 250.26

Intrinsic Value

Enterprise Value 295.73
Net Debt 6.45
Equity Value 289.29
Shares Outstanding 46.97
Equity Value Per Share 6.16