Discounted Cash Flow (DCF) Analysis Levered

Genfit S.A. (GNFT.PA)

3.344 €

-0.13 (-3.80%)
All numbers are in Millions, Currency in USD
Stock DCF: -113,148,599,676,906.16 | 3.344 | 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 $ 3.344
Beta 1.069
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 8.643
Total Debt 74.23
Total Equity 359.43
Total Capital 433.67
Debt Weighting 17.12
Equity Weighting 82.88
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 -2,905,224.79-368,807,895.60-46,818,843,157.25-5,943,484,672,438.42-754,504,119,908,900.88
SUM PV LFCF -760,494,795,137,617

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 8.75
Free cash flow (t + 1) -1,170,598,910,154,041.25
Terminal Value -17,342,206,076,356,168
Present Value of Terminal Value -11,401,395,589,734,504

Intrinsic Value

Enterprise Value -12,161,890,384,872,120
Net Debt -184.52
Equity Value -12,161,890,384,871,936
Shares Outstanding 107.49
Equity Value Per Share -113,148,599,676,906.16