Discounted Cash Flow (DCF) Analysis Levered

EPC Groupe (EXPL.PA)

69.5 €

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: 494.54 | 69.5 | 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 329.09322.54345.05338.54377.63391.46405.79420.65436.06452.03
Revenue (%)
Operating Cash Flow 21.6118.2021.5940.3128.0529.6030.6831.8032.9734.17
Operating Cash Flow (%)
Capital Expenditure -14.93-14.98-19.31-16.60-15.91-18.71-19.39-20.10-20.84-21.60
Capital Expenditure (%)
Free Cash Flow 6.693.222.2823.7112.1410.8911.2911.7012.1312.57

Weighted Average Cost Of Capital

Share price $ 69.5
Beta 0.237
Diluted Shares Outstanding 1.55
Cost of Debt
Tax Rate 51.80
After-tax Cost of Debt 1.46%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.046
Total Debt 92.03
Total Equity 107.48
Total Capital 199.50
Debt Weighting 46.13
Equity Weighting 53.87
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 329.09322.54345.05338.54377.63391.46405.79420.65436.06452.03
Operating Cash Flow 21.6118.2021.5940.3128.0529.6030.6831.8032.9734.17
Capital Expenditure -14.93-14.98-19.31-16.60-15.91-18.71-19.39-20.10-20.84-21.60
Free Cash Flow 6.693.222.2823.7112.1410.8911.2911.7012.1312.57
WACC
PV LFCF 10.1910.2110.2410.2710.29
SUM PV LFCF 52.94

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 3.39
Free cash flow (t + 1) 12.83
Terminal Value 922.67
Present Value of Terminal Value 781.01

Intrinsic Value

Enterprise Value 833.94
Net Debt 69.17
Equity Value 764.77
Shares Outstanding 1.55
Equity Value Per Share 494.54