Discounted Cash Flow (DCF) Analysis Levered
GrandVision N.V. (GVNV.AS)
28.3 €
0.00 (0.00%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2016 Actual | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected |
| Revenue | 3,316.08 | 3,449.86 | 3,720.98 | 4,039.31 | 3,480.99 | 3,538.65 | 3,597.27 | 3,656.86 | 3,717.44 | 3,779.02 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 430.56 | 341.21 | 448.33 | 877.38 | 754.25 | 554.24 | 563.42 | 572.75 | 582.24 | 591.89 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -175.91 | -197.50 | -210.19 | -197.73 | -152.19 | -183.63 | -186.67 | -189.76 | -192.90 | -196.10 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 254.65 | 143.71 | 238.14 | 679.65 | 602.06 | 370.61 | 376.75 | 382.99 | 389.34 | 395.79 |
Weighted Average Cost Of Capital
| Share price | $ 28.3 |
|---|---|
| Beta | 0.216 |
| Diluted Shares Outstanding | 254.47 |
| Cost of Debt | |
| Tax Rate | 824.58 |
| After-tax Cost of Debt | -12.10% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 4.764 |
| Total Debt | 1,991.21 |
| Total Equity | 7,201.60 |
| Total Capital | 9,192.81 |
| Debt Weighting | 21.66 |
| Equity Weighting | 78.34 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2016 Actual | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected |
| Revenue | 3,316.08 | 3,449.86 | 3,720.98 | 4,039.31 | 3,480.99 | 3,538.65 | 3,597.27 | 3,656.86 | 3,717.44 | 3,779.02 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 430.56 | 341.21 | 448.33 | 877.38 | 754.25 | 554.24 | 563.42 | 572.75 | 582.24 | 591.89 |
| Capital Expenditure | -175.91 | -197.50 | -210.19 | -197.73 | -152.19 | -183.63 | -186.67 | -189.76 | -192.90 | -196.10 |
| Free Cash Flow | 254.65 | 143.71 | 238.14 | 679.65 | 602.06 | 370.61 | 376.75 | 382.99 | 389.34 | 395.79 |
| WACC | ||||||||||
| PV LFCF | 366.54 | 368.52 | 370.52 | 372.52 | 374.53 | |||||
| SUM PV LFCF | 1,852.64 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 1.11 |
| Free cash flow (t + 1) | 403.70 |
| Terminal Value | -45,359.75 |
| Present Value of Terminal Value | -42,923.99 |
Intrinsic Value
| Enterprise Value | -41,071.35 |
|---|---|
| Net Debt | 1,835.89 |
| Equity Value | -42,907.25 |
| Shares Outstanding | 254.47 |
| Equity Value Per Share | -168.61 |