Discounted Cash Flow (DCF) Analysis Levered
Fermentalg SA (FALG.PA)
1.289 €
-0.02 (-1.53%)
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 | 0.17 | 0.25 | 1.89 | 2.20 | 5.65 | 18.14 | 58.28 | 187.25 | 601.58 | 1,932.69 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -7.16 | -4.11 | -6.78 | -8.37 | -7.39 | -245.08 | -787.38 | -2,529.61 | -8,126.84 | -26,109 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -3.57 | -5.02 | -3.28 | -3.12 | -4.32 | -164.51 | -528.51 | -1,697.94 | -5,454.97 | -17,525.11 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -10.74 | -9.13 | -10.07 | -11.49 | -11.71 | -409.59 | -1,315.89 | -4,227.55 | -13,581.80 | -43,634.11 |
Weighted Average Cost Of Capital
| Share price | $ 1.289 |
|---|---|
| Beta | 1.245 |
| Diluted Shares Outstanding | 107.49 |
| Cost of Debt | |
| Tax Rate | -4.92 |
| After-tax Cost of Debt | 7.19% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.434 |
| Total Debt | 9.61 |
| Total Equity | 138.55 |
| Total Capital | 148.16 |
| Debt Weighting | 6.48 |
| Equity Weighting | 93.52 |
| 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 | 0.17 | 0.25 | 1.89 | 2.20 | 5.65 | 18.14 | 58.28 | 187.25 | 601.58 | 1,932.69 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -7.16 | -4.11 | -6.78 | -8.37 | -7.39 | -245.08 | -787.38 | -2,529.61 | -8,126.84 | -26,109 |
| Capital Expenditure | -3.57 | -5.02 | -3.28 | -3.12 | -4.32 | -164.51 | -528.51 | -1,697.94 | -5,454.97 | -17,525.11 |
| Free Cash Flow | -10.74 | -9.13 | -10.07 | -11.49 | -11.71 | -409.59 | -1,315.89 | -4,227.55 | -13,581.80 | -43,634.11 |
| WACC | ||||||||||
| PV LFCF | -374.78 | -1,101.69 | -3,238.53 | -9,519.97 | -27,984.92 | |||||
| SUM PV LFCF | -42,219.88 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 9.29 |
| Free cash flow (t + 1) | -44,506.80 |
| Terminal Value | -610,518.48 |
| Present Value of Terminal Value | -391,558.53 |
Intrinsic Value
| Enterprise Value | -433,778.41 |
|---|---|
| Net Debt | -16.40 |
| Equity Value | -433,762.01 |
| Shares Outstanding | 107.49 |
| Equity Value Per Share | -4,035.52 |