Discounted Cash Flow (DCF) Analysis Levered
Ease2pay N.V. (EAS2P.AS)
1.748 €
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 | 0.01 | 0.12 | 0.17 | 0.19 | 0.35 | 1.43 | 5.77 | 23.29 | 94.04 | 379.65 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -0.27 | -0.47 | -0.83 | -0.37 | -0.45 | -11.28 | -45.56 | -183.92 | -742.53 | -2,997.70 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.24 | -0.23 | -0.03 | -1.64 | -3.14 | -12.66 | -51.13 | -206.42 | -833.36 | -3,364.42 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -0.52 | -0.71 | -0.86 | -2.01 | -3.59 | -23.95 | -96.69 | -390.35 | -1,575.89 | -6,362.12 |
Weighted Average Cost Of Capital
| Share price | $ 1.748 |
|---|---|
| Beta | 2.189 |
| Diluted Shares Outstanding | 9.24 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | 1.96% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 13.931 |
| Total Debt | 0.51 |
| Total Equity | 16.15 |
| Total Capital | 16.66 |
| Debt Weighting | 3.06 |
| Equity Weighting | 96.94 |
| 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 | 0.01 | 0.12 | 0.17 | 0.19 | 0.35 | 1.43 | 5.77 | 23.29 | 94.04 | 379.65 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -0.27 | -0.47 | -0.83 | -0.37 | -0.45 | -11.28 | -45.56 | -183.92 | -742.53 | -2,997.70 |
| Capital Expenditure | -0.24 | -0.23 | -0.03 | -1.64 | -3.14 | -12.66 | -51.13 | -206.42 | -833.36 | -3,364.42 |
| Free Cash Flow | -0.52 | -0.71 | -0.86 | -2.01 | -3.59 | -23.95 | -96.69 | -390.35 | -1,575.89 | -6,362.12 |
| WACC | ||||||||||
| PV LFCF | -21.09 | -74.96 | -266.48 | -947.26 | -3,367.31 | |||||
| SUM PV LFCF | -4,677.11 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 13.57 |
| Free cash flow (t + 1) | -6,489.36 |
| Terminal Value | -56,087.82 |
| Present Value of Terminal Value | -29,685.91 |
Intrinsic Value
| Enterprise Value | -34,363.02 |
|---|---|
| Net Debt | 0.51 |
| Equity Value | -34,363.53 |
| Shares Outstanding | 9.24 |
| Equity Value Per Share | -3,719.00 |