Discounted Cash Flow (DCF) Analysis Levered
Genfit S.A. (GNFT.PA)
4.2 €
+0.22 (+5.42%)
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 | 0.12 | 0.07 | 30.84 | 0.76 | 80.07 | 11,053.86 | 1,526,032.70 | 210,675,276.70 | 29,084,614,183.01 | 4,015,254,164,795.86 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -49.86 | -56.08 | -47.68 | -96.37 | 99.92 | -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 | -97.27 | 99.38 | -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 | $ 4.2 |
|---|---|
| Beta | 1.027 |
| Diluted Shares Outstanding | 107.49 |
| Cost of Debt | |
| Tax Rate | 3.19 |
| After-tax Cost of Debt | 9.28% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 8.378 |
| Total Debt | 74.23 |
| Total Equity | 451.44 |
| Total Capital | 525.68 |
| Debt Weighting | 14.12 |
| Equity Weighting | 85.88 |
| 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 | 0.12 | 0.07 | 30.84 | 0.76 | 80.07 | 11,053.86 | 1,526,032.70 | 210,675,276.70 | 29,084,614,183.01 | 4,015,254,164,795.86 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -49.86 | -56.08 | -47.68 | -96.37 | 99.92 | -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 | -97.27 | 99.38 | -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 | -2,911,650.50 | -370,441,141.97 | -47,130,189,393.64 | -5,996,242,049,396.05 | -762,885,088,677,313.88 | |||||
| SUM PV LFCF | -768,928,834,268,896 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 8.51 |
| Free cash flow (t + 1) | -1,170,598,910,154,041.25 |
| Terminal Value | -17,981,550,079,171,142 |
| Present Value of Terminal Value | -11,953,038,255,773,582 |
Intrinsic Value
| Enterprise Value | -12,721,967,090,042,478 |
|---|---|
| Net Debt | -184.52 |
| Equity Value | -12,721,967,090,042,294 |
| Shares Outstanding | 107.49 |
| Equity Value Per Share | -118,359,294,141,025.75 |