Discounted Cash Flow (DCF) Analysis Levered

Gimv NV (GIMB.BR)

44.05 €

-0.20 (-0.45%)
All numbers are in Millions, Currency in USD
Stock DCF: -5.05 | 44.05 | overvalue

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 155.20-96.94283.15263.598.25-5.333.44-2.221.44-0.93
Revenue (%)
Operating Cash Flow -35.48-26.35-35.61176.41-55.766.58-4.252.74-1.771.14
Operating Cash Flow (%)
Capital Expenditure 27.4211.967.296.950.22-0.140.09-0.060.04-0.02
Capital Expenditure (%)
Free Cash Flow -8.06-14.39-28.31183.35-55.556.44-4.162.68-1.731.12

Weighted Average Cost Of Capital

Share price $ 44.05
Beta 0.540
Diluted Shares Outstanding 27.03
Cost of Debt
Tax Rate -21.31
After-tax Cost of Debt 4.16%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.708
Total Debt 352.71
Total Equity 1,190.84
Total Capital 1,543.55
Debt Weighting 22.85
Equity Weighting 77.15
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 155.20-96.94283.15263.598.25-5.333.44-2.221.44-0.93
Operating Cash Flow -35.48-26.35-35.61176.41-55.766.58-4.252.74-1.771.14
Capital Expenditure 27.4211.967.296.950.22-0.140.09-0.060.04-0.02
Free Cash Flow -8.06-14.39-28.31183.35-55.556.44-4.162.68-1.731.12
WACC
PV LFCF 6.07-3.692.25-1.370.83
SUM PV LFCF 4.09

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.13
Free cash flow (t + 1) 1.14
Terminal Value 27.66
Present Value of Terminal Value 20.54

Intrinsic Value

Enterprise Value 24.63
Net Debt 161.19
Equity Value -136.56
Shares Outstanding 27.03
Equity Value Per Share -5.05