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
Stock DCF: -118,359,294,141,025.75 | 4.2 | 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 $ 4.2
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 0.120.0730.840.7680.0711,053.861,526,032.70210,675,276.7029,084,614,183.014,015,254,164,795.86
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 -2,911,650.50-370,441,141.97-47,130,189,393.64-5,996,242,049,396.05-762,885,088,677,313.88
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