Discounted Cash Flow (DCF) Analysis Levered
EPC Groupe (EXPL.PA)
64.5 €
+0.50 (+0.78%)
All numbers are in Millions, Currency in USD
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 | 310.01 | 329.09 | 322.54 | 345.05 | 338.54 | 346.37 | 354.39 | 362.59 | 370.98 | 379.57 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 14.87 | 21.61 | 18.20 | 21.59 | 40.31 | 24.36 | 24.93 | 25.50 | 26.09 | 26.70 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -8.84 | -14.93 | -14.98 | -19.31 | -16.60 | -15.61 | -15.97 | -16.34 | -16.72 | -17.10 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 6.03 | 6.69 | 3.22 | 2.28 | 23.71 | 8.75 | 8.96 | 9.16 | 9.38 | 9.59 |
Weighted Average Cost Of Capital
Share price | $ 64.5 |
---|---|
Beta | 0.234 |
Diluted Shares Outstanding | 1.55 |
Cost of Debt | |
Tax Rate | -43.30 |
After-tax Cost of Debt | 3.17% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 3.954 |
Total Debt | 95.22 |
Total Equity | 99.74 |
Total Capital | 194.97 |
Debt Weighting | 48.84 |
Equity Weighting | 51.16 |
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 | 310.01 | 329.09 | 322.54 | 345.05 | 338.54 | 346.37 | 354.39 | 362.59 | 370.98 | 379.57 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 14.87 | 21.61 | 18.20 | 21.59 | 40.31 | 24.36 | 24.93 | 25.50 | 26.09 | 26.70 |
Capital Expenditure | -8.84 | -14.93 | -14.98 | -19.31 | -16.60 | -15.61 | -15.97 | -16.34 | -16.72 | -17.10 |
Free Cash Flow | 6.03 | 6.69 | 3.22 | 2.28 | 23.71 | 8.75 | 8.96 | 9.16 | 9.38 | 9.59 |
WACC | ||||||||||
PV LFCF | 8.45 | 8.35 | 8.25 | 8.15 | 8.05 | |||||
SUM PV LFCF | 41.25 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 3.57 |
Free cash flow (t + 1) | 9.78 |
Terminal Value | 623.23 |
Present Value of Terminal Value | 522.97 |
Intrinsic Value
Enterprise Value | 564.22 |
---|---|
Net Debt | 75.89 |
Equity Value | 488.33 |
Shares Outstanding | 1.55 |
Equity Value Per Share | 315.78 |