Discounted Cash Flow (DCF) Analysis Levered
IDI (IDIP.PA)
65.4 €
+0.40 (+0.62%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 73.47 | 48.52 | 41.57 | 145.92 | 92.85 | 131.46 | 186.14 | 263.56 | 373.17 | 528.37 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -13.65 | -9.08 | -13.96 | -11.76 | -22.86 | -27.23 | -38.55 | -54.58 | -77.28 | -109.42 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0 | -0.02 | -0.02 | -0.02 | -0.03 | -0.04 | -0.05 | -0.07 | -0.10 | -0.15 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -13.65 | -9.10 | -13.98 | -11.78 | -22.89 | -27.26 | -38.60 | -54.65 | -77.39 | -109.57 |
Weighted Average Cost Of Capital
| Share price | $ 65.4 |
|---|---|
| Beta | 0.645 |
| Diluted Shares Outstanding | 7 |
| Cost of Debt | |
| Tax Rate | -5.23 |
| After-tax Cost of Debt | 4.11% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 7.154 |
| Total Debt | 97.47 |
| Total Equity | 457.82 |
| Total Capital | 555.28 |
| Debt Weighting | 17.55 |
| Equity Weighting | 82.45 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 73.47 | 48.52 | 41.57 | 145.92 | 92.85 | 131.46 | 186.14 | 263.56 | 373.17 | 528.37 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -13.65 | -9.08 | -13.96 | -11.76 | -22.86 | -27.23 | -38.55 | -54.58 | -77.28 | -109.42 |
| Capital Expenditure | -0 | -0.02 | -0.02 | -0.02 | -0.03 | -0.04 | -0.05 | -0.07 | -0.10 | -0.15 |
| Free Cash Flow | -13.65 | -9.10 | -13.98 | -11.78 | -22.89 | -27.26 | -38.60 | -54.65 | -77.39 | -109.57 |
| WACC | ||||||||||
| PV LFCF | -22.49 | -29.87 | -39.67 | -52.68 | -69.96 | |||||
| SUM PV LFCF | -244.03 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 6.62 |
| Free cash flow (t + 1) | -111.76 |
| Terminal Value | -2,419.07 |
| Present Value of Terminal Value | -1,755.72 |
Intrinsic Value
| Enterprise Value | -1,999.74 |
|---|---|
| Net Debt | 89.14 |
| Equity Value | -2,088.89 |
| Shares Outstanding | 7 |
| Equity Value Per Share | -298.40 |