Discounted Cash Flow (DCF) Analysis Levered

Hexaom S.A. (HEXA.PA)

27.5 €

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: 165.98 | 27.5 | undervalue

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 765.60804.23841.95881.90997.461,066.241,139.771,218.371,302.391,392.20
Revenue (%)
Operating Cash Flow 43.2432.8527.4419.1731.9839.1841.8844.7647.8551.15
Operating Cash Flow (%)
Capital Expenditure -6.21-11.40-1.97-5.34-6.87-8.01-8.57-9.16-9.79-10.46
Capital Expenditure (%)
Free Cash Flow 37.0321.4425.4613.8425.1131.1633.3135.6138.0640.69

Weighted Average Cost Of Capital

Share price $ 27.5
Beta 1.246
Diluted Shares Outstanding 6.85
Cost of Debt
Tax Rate 31.07
After-tax Cost of Debt 0.74%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.732
Total Debt 137.95
Total Equity 188.26
Total Capital 326.21
Debt Weighting 42.29
Equity Weighting 57.71
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 765.60804.23841.95881.90997.461,066.241,139.771,218.371,302.391,392.20
Operating Cash Flow 43.2432.8527.4419.1731.9839.1841.8844.7647.8551.15
Capital Expenditure -6.21-11.40-1.97-5.34-6.87-8.01-8.57-9.16-9.79-10.46
Free Cash Flow 37.0321.4425.4613.8425.1131.1633.3135.6138.0640.69
WACC
PV LFCF 29.5830.0130.4530.9031.35
SUM PV LFCF 152.30

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.35
Free cash flow (t + 1) 41.50
Terminal Value 1,238.88
Present Value of Terminal Value 954.68

Intrinsic Value

Enterprise Value 1,106.98
Net Debt -29.32
Equity Value 1,136.30
Shares Outstanding 6.85
Equity Value Per Share 165.98