Discounted Cash Flow (DCF) Analysis Levered

ID Logistics Group SA (IDL.PA)

241.5 €

+8.50 (+3.65%)

All numbers are in Millions, Currency in USD

Stock DCF: -Infinity | 241.5 | overvalue

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	1,410.30	1,534.24	1,642.83	1,910.87	2,481.32	2,866.14	3,310.64	3,824.07	4,417.13	5,102.17
Revenue (%)
Operating Cash Flow	61.67	182.14	212.03	271.28	343.33	327.80	378.64	437.36	505.18	583.53
Operating Cash Flow (%)
Capital Expenditure	-58.74	-67.09	-59.31	-83.67	-67.54	-110.34	-127.45	-147.22	-170.05	-196.42
Capital Expenditure (%)
Free Cash Flow	2.93	115.05	152.72	187.61	275.79	217.46	251.18	290.14	335.14	387.11

Weighted Average Cost Of Capital

Share price	$ 241.5
Beta	0.881
Diluted Shares Outstanding	-
Cost of Debt
Tax Rate	43.26
After-tax Cost of Debt	1.43%
Risk-Free Rate
Market Risk Premium
Cost of Equity	8.765
Total Debt	1,225.56
Total Equity	-
Total Capital	1,225.56
Debt Weighting	100.00
Equity Weighting	0.00
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	1,410.30	1,534.24	1,642.83	1,910.87	2,481.32	2,866.14	3,310.64	3,824.07	4,417.13	5,102.17
Operating Cash Flow	61.67	182.14	212.03	271.28	343.33	327.80	378.64	437.36	505.18	583.53
Capital Expenditure	-58.74	-67.09	-59.31	-83.67	-67.54	-110.34	-127.45	-147.22	-170.05	-196.42
Free Cash Flow	2.93	115.05	152.72	187.61	275.79	217.46	251.18	290.14	335.14	387.11
WACC
PV LFCF						211.37	240.71	274.12	312.17	355.50
SUM PV LFCF										1,413.80

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%)	1.43
Free cash flow (t + 1)	394.85
Terminal Value	-69,272.56
Present Value of Terminal Value	-64,525.17

Intrinsic Value

Enterprise Value	-63,111.36
Net Debt	1,041.92
Equity Value	-64,153.29
Shares Outstanding	-
Equity Value Per Share	-Infinity