Discounted Cash Flow (DCF) Analysis Levered

Groupe MEDIA 6 (EDI.PA)

9.5 €

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: 23.30 | 9.5 | undervalue

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 83.8182.4477.0968.1565.7461.9158.3154.9251.7248.72
Revenue (%)
Operating Cash Flow 4.854.394.923.883.023.443.243.052.872.71
Operating Cash Flow (%)
Capital Expenditure -2.48-2.12-1.55-2.26-1.07-1.55-1.46-1.37-1.29-1.22
Capital Expenditure (%)
Free Cash Flow 2.382.273.371.621.951.891.781.681.581.49

Weighted Average Cost Of Capital

Share price $ 9.5
Beta 0.590
Diluted Shares Outstanding 3.05
Cost of Debt
Tax Rate -48.59
After-tax Cost of Debt 1.05%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.140
Total Debt 23.38
Total Equity 28.98
Total Capital 52.35
Debt Weighting 44.66
Equity Weighting 55.34
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 83.8182.4477.0968.1565.7461.9158.3154.9251.7248.72
Operating Cash Flow 4.854.394.923.883.023.443.243.052.872.71
Capital Expenditure -2.48-2.12-1.55-2.26-1.07-1.55-1.46-1.37-1.29-1.22
Free Cash Flow 2.382.273.371.621.951.891.781.681.581.49
WACC
PV LFCF 1.821.651.501.361.23
SUM PV LFCF 7.57

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 3.87
Free cash flow (t + 1) 1.52
Terminal Value 81.32
Present Value of Terminal Value 67.26

Intrinsic Value

Enterprise Value 74.83
Net Debt 3.77
Equity Value 71.06
Shares Outstanding 3.05
Equity Value Per Share 23.30