Discounted Cash Flow (DCF) Analysis Levered
LACROIX Group SA (LACR.PA)
32.7 €
-0.20 (-0.61%)
All numbers are in Millions, Currency in USD
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 | 441.42 | 468.29 | 481.59 | 566.33 | 501.45 | 520.34 | 539.94 | 560.28 | 581.38 | 603.28 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 19.44 | 10.72 | 6.32 | 47.96 | 4.87 | 18.15 | 18.84 | 19.55 | 20.28 | 21.05 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -12.73 | -13.12 | -11.72 | -17.18 | -30.49 | -17.93 | -18.61 | -19.31 | -20.04 | -20.79 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 6.71 | -2.41 | -5.40 | 30.77 | -25.62 | 0.22 | 0.23 | 0.24 | 0.24 | 0.25 |
Weighted Average Cost Of Capital
Share price | $ 32.7 |
---|---|
Beta | 1.084 |
Diluted Shares Outstanding | 4.06 |
Cost of Debt | |
Tax Rate | 5.97 |
After-tax Cost of Debt | 0.53% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 8.816 |
Total Debt | 150.39 |
Total Equity | 132.83 |
Total Capital | 283.22 |
Debt Weighting | 53.10 |
Equity Weighting | 46.90 |
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 | 441.42 | 468.29 | 481.59 | 566.33 | 501.45 | 520.34 | 539.94 | 560.28 | 581.38 | 603.28 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 19.44 | 10.72 | 6.32 | 47.96 | 4.87 | 18.15 | 18.84 | 19.55 | 20.28 | 21.05 |
Capital Expenditure | -12.73 | -13.12 | -11.72 | -17.18 | -30.49 | -17.93 | -18.61 | -19.31 | -20.04 | -20.79 |
Free Cash Flow | 6.71 | -2.41 | -5.40 | 30.77 | -25.62 | 0.22 | 0.23 | 0.24 | 0.24 | 0.25 |
WACC | ||||||||||
PV LFCF | 0.21 | 0.21 | 0.21 | 0.21 | 0.20 | |||||
SUM PV LFCF | 1.03 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 4.41 |
Free cash flow (t + 1) | 0.26 |
Terminal Value | 10.71 |
Present Value of Terminal Value | 8.63 |
Intrinsic Value
Enterprise Value | 9.67 |
---|---|
Net Debt | 117.04 |
Equity Value | -107.37 |
Shares Outstanding | 4.06 |
Equity Value Per Share | -26.43 |