Discounted Cash Flow (DCF) Analysis Levered

Graines Voltz S.A. (GRVO.PA)

76.8 €

-1.40 (-1.79%)
All numbers are in Millions, Currency in USD
Stock DCF: -11.14 | 76.8 | 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 78.1276.8983.1186.84122.30138.15156.05176.27199.11224.91
Revenue (%)
Operating Cash Flow 12.847.141.72-2.696.318.259.3210.5311.8913.43
Operating Cash Flow (%)
Capital Expenditure -1.67-1.07-1.78-9.13-14.74-7.81-8.82-9.96-11.25-12.71
Capital Expenditure (%)
Free Cash Flow 11.176.07-0.07-11.83-8.430.440.500.570.640.72

Weighted Average Cost Of Capital

Share price $ 76.8
Beta 0.685
Diluted Shares Outstanding 1.30
Cost of Debt
Tax Rate 26.55
After-tax Cost of Debt 0.60%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.924
Total Debt 43.27
Total Equity 99.47
Total Capital 142.74
Debt Weighting 30.32
Equity Weighting 69.68
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 78.1276.8983.1186.84122.30138.15156.05176.27199.11224.91
Operating Cash Flow 12.847.141.72-2.696.318.259.3210.5311.8913.43
Capital Expenditure -1.67-1.07-1.78-9.13-14.74-7.81-8.82-9.96-11.25-12.71
Free Cash Flow 11.176.07-0.07-11.83-8.430.440.500.570.640.72
WACC
PV LFCF 0.420.450.490.530.57
SUM PV LFCF 2.46

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.01
Free cash flow (t + 1) 0.74
Terminal Value 24.47
Present Value of Terminal Value 19.16

Intrinsic Value

Enterprise Value 21.62
Net Debt 36.05
Equity Value -14.43
Shares Outstanding 1.30
Equity Value Per Share -11.14