Discounted Cash Flow (DCF) Analysis Levered

Gimv NV (GIMB.BR)

43.9 €

+0.60 (+1.39%)
All numbers are in Millions, Currency in USD
Stock DCF: 2.27 | 43.9 | 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 156.73155.20-96.94283.15263.59-107.0543.47-17.667.17-2.91
Revenue (%)
Operating Cash Flow --35.4822.16-64.74-60.2624.47-9.944.04-1.640.67
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----24.47-9.944.04-1.640.67

Weighted Average Cost Of Capital

Share price $ 43.9
Beta 0.454
Diluted Shares Outstanding 25.43
Cost of Debt
Tax Rate 5.45
After-tax Cost of Debt 3.20%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.945
Total Debt 353.04
Total Equity 1,116.25
Total Capital 1,469.28
Debt Weighting 24.03
Equity Weighting 75.97
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 156.73155.20-96.94283.15263.59-107.0543.47-17.667.17-2.91
Operating Cash Flow --35.4822.16-64.74-60.2624.47-9.944.04-1.640.67
Capital Expenditure ----------
Free Cash Flow -----24.47-9.944.04-1.640.67
WACC
PV LFCF 23.25-8.973.46-1.330.51
SUM PV LFCF 16.92

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.28
Free cash flow (t + 1) 0.68
Terminal Value 20.70
Present Value of Terminal Value 16.01

Intrinsic Value

Enterprise Value 32.92
Net Debt -24.79
Equity Value 57.72
Shares Outstanding 25.43
Equity Value Per Share 2.27