Discounted Cash Flow (DCF) Analysis Levered
Mota-Engil, SGPS, S.A. (EGL.LS)
3.41 €
-0.04 (-1.02%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 2,801.75 | 2,826.75 | 2,429.13 | 2,591.78 | 3,804.26 | 4,187.57 | 4,609.50 | 5,073.95 | 5,585.19 | 6,147.95 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -394.19 | 115.67 | 209.30 | 226.26 | 355.14 | 139.90 | 153.99 | 169.51 | 186.59 | 205.39 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -300.96 | -294.86 | -199.29 | -180.12 | -257.39 | -360.91 | -397.27 | -437.30 | -481.36 | -529.86 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -695.15 | -179.19 | 10.01 | 46.14 | 97.75 | -221.01 | -243.28 | -267.79 | -294.77 | -324.47 |
Weighted Average Cost Of Capital
| Share price | $ 3.41 |
|---|---|
| Beta | 1.531 |
| Diluted Shares Outstanding | 300.68 |
| Cost of Debt | |
| Tax Rate | 34.15 |
| After-tax Cost of Debt | 5.18% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 11.746 |
| Total Debt | 2,337.08 |
| Total Equity | 1,025.33 |
| Total Capital | 3,362.41 |
| Debt Weighting | 69.51 |
| Equity Weighting | 30.49 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 2,801.75 | 2,826.75 | 2,429.13 | 2,591.78 | 3,804.26 | 4,187.57 | 4,609.50 | 5,073.95 | 5,585.19 | 6,147.95 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -394.19 | 115.67 | 209.30 | 226.26 | 355.14 | 139.90 | 153.99 | 169.51 | 186.59 | 205.39 |
| Capital Expenditure | -300.96 | -294.86 | -199.29 | -180.12 | -257.39 | -360.91 | -397.27 | -437.30 | -481.36 | -529.86 |
| Free Cash Flow | -695.15 | -179.19 | 10.01 | 46.14 | 97.75 | -221.01 | -243.28 | -267.79 | -294.77 | -324.47 |
| WACC | ||||||||||
| PV LFCF | -206.20 | -211.77 | -217.50 | -223.37 | -229.41 | |||||
| SUM PV LFCF | -1,088.26 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 7.18 |
| Free cash flow (t + 1) | -330.96 |
| Terminal Value | -6,389.23 |
| Present Value of Terminal Value | -4,517.31 |
Intrinsic Value
| Enterprise Value | -5,605.56 |
|---|---|
| Net Debt | 1,640.37 |
| Equity Value | -7,245.94 |
| Shares Outstanding | 300.68 |
| Equity Value Per Share | -24.10 |