Discounted Cash Flow (DCF) Analysis Levered
Fluxys Belgium SA (FLUX.BR)
30.2 €
0.00 (0.00%)
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 | 576.62 | 609.48 | 611.18 | 567.25 | 585.43 | 588.35 | 591.29 | 594.24 | 597.20 | 600.18 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 220.21 | 247.23 | 279.52 | 280.34 | 214.33 | 247.72 | 248.95 | 250.20 | 251.44 | 252.70 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -105.66 | -83.40 | -97.96 | -47.31 | -56.55 | -77.70 | -78.09 | -78.48 | -78.87 | -79.26 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 114.55 | 163.84 | 181.56 | 233.03 | 157.78 | 170.02 | 170.86 | 171.72 | 172.57 | 173.43 |
Weighted Average Cost Of Capital
Share price | $ 30.2 |
---|---|
Beta | 0.248 |
Diluted Shares Outstanding | 70.26 |
Cost of Debt | |
Tax Rate | 24.84 |
After-tax Cost of Debt | 2.36% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 4.021 |
Total Debt | 1,219.52 |
Total Equity | 2,121.96 |
Total Capital | 3,341.48 |
Debt Weighting | 36.50 |
Equity Weighting | 63.50 |
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 | 576.62 | 609.48 | 611.18 | 567.25 | 585.43 | 588.35 | 591.29 | 594.24 | 597.20 | 600.18 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 220.21 | 247.23 | 279.52 | 280.34 | 214.33 | 247.72 | 248.95 | 250.20 | 251.44 | 252.70 |
Capital Expenditure | -105.66 | -83.40 | -97.96 | -47.31 | -56.55 | -77.70 | -78.09 | -78.48 | -78.87 | -79.26 |
Free Cash Flow | 114.55 | 163.84 | 181.56 | 233.03 | 157.78 | 170.02 | 170.86 | 171.72 | 172.57 | 173.43 |
WACC | ||||||||||
PV LFCF | 164.41 | 159.78 | 155.28 | 150.91 | 146.66 | |||||
SUM PV LFCF | 777.05 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 3.41 |
Free cash flow (t + 1) | 176.90 |
Terminal Value | 12,546.23 |
Present Value of Terminal Value | 10,609.63 |
Intrinsic Value
Enterprise Value | 11,386.68 |
---|---|
Net Debt | 852.59 |
Equity Value | 10,534.09 |
Shares Outstanding | 70.26 |
Equity Value Per Share | 149.92 |