Discounted Cash Flow (DCF) Analysis Levered

Genfit S.A. (GNFT)

$4.86

+0.30 (+6.58%)
All numbers are in Millions, Currency in USD
Stock DCF: -230,020,316,080,414.13 | 4.86 | overvalue

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 0.120.0730.840.7680.0711,053.861,526,032.70210,675,276.7029,084,614,183.014,015,254,164,795.86
Revenue (%)
Operating Cash Flow -49.86-56.08-47.68-96.3799.92-3,010,077.62-415,553,963.75-57,368,984,616.15-7,920,031,290,793.30-1,093,393,861,976,934.88
Operating Cash Flow (%)
Capital Expenditure -2.80-2.94-2.03-0.90-0.54-149,354.34-20,618,999.04-2,846,540,140.84-392,976,921,881.51-54,252,128,370,164.35
Capital Expenditure (%)
Free Cash Flow -52.66-59.02-49.71-97.2799.38-3,159,431.96-436,172,962.78-60,215,524,756.98-8,313,008,212,674.81-1,147,645,990,347,099.25

Weighted Average Cost Of Capital

Share price $ 4.86
Beta 1.180
Diluted Shares Outstanding 54.68
Cost of Debt
Tax Rate 3.19
After-tax Cost of Debt 9.28%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.365
Total Debt 74.23
Total Equity 265.76
Total Capital 339.99
Debt Weighting 21.83
Equity Weighting 78.17
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 0.120.0730.840.7680.0711,053.861,526,032.70210,675,276.7029,084,614,183.014,015,254,164,795.86
Operating Cash Flow -49.86-56.08-47.68-96.3799.92-3,010,077.62-415,553,963.75-57,368,984,616.15-7,920,031,290,793.30-1,093,393,861,976,934.88
Capital Expenditure -2.80-2.94-2.03-0.90-0.54-149,354.34-20,618,999.04-2,846,540,140.84-392,976,921,881.51-54,252,128,370,164.35
Free Cash Flow -52.66-59.02-49.71-97.2799.38-3,159,431.96-436,172,962.78-60,215,524,756.98-8,313,008,212,674.81-1,147,645,990,347,099.25
WACC
PV LFCF -2,094,400.91-266,317,505.53-33,864,105,668.99-4,306,054,348,489.54-547,544,477,724,853
SUM PV LFCF -766,809,840,667,181.88

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 8.57
Free cash flow (t + 1) -1,170,598,910,154,041.25
Terminal Value -17,817,335,009,954,966
Present Value of Terminal Value -11,811,187,305,558,242

Intrinsic Value

Enterprise Value -12,577,997,146,225,424
Net Debt -184.52
Equity Value -12,577,997,146,225,238
Shares Outstanding 54.68
Equity Value Per Share -230,020,316,080,414.13