Discounted Cash Flow (DCF) Analysis Levered
LACROIX Group SA (LACR.PA)
39 €
-1.60 (-3.94%)
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 | 468.29 | 481.59 | 566.33 | 501.45 | 707.76 | 796.45 | 896.25 | 1,008.56 | 1,134.94 | 1,277.15 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 10.72 | 6.32 | 47.96 | 4.87 | 1.47 | 21.10 | 23.75 | 26.72 | 30.07 | 33.84 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -13.12 | -11.72 | -17.18 | -30.49 | -19.53 | -27.25 | -30.67 | -34.51 | -38.83 | -43.70 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -2.41 | -5.40 | 30.77 | -25.62 | -18.05 | -6.15 | -6.92 | -7.79 | -8.76 | -9.86 |
Weighted Average Cost Of Capital
| Share price | $ 39 |
|---|---|
| Beta | 1.085 |
| Diluted Shares Outstanding | 4.69 |
| Cost of Debt | |
| Tax Rate | 13.68 |
| After-tax Cost of Debt | 2.28% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.752 |
| Total Debt | 174.61 |
| Total Equity | 183.07 |
| Total Capital | 357.68 |
| Debt Weighting | 48.82 |
| Equity Weighting | 51.18 |
| 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 | 468.29 | 481.59 | 566.33 | 501.45 | 707.76 | 796.45 | 896.25 | 1,008.56 | 1,134.94 | 1,277.15 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 10.72 | 6.32 | 47.96 | 4.87 | 1.47 | 21.10 | 23.75 | 26.72 | 30.07 | 33.84 |
| Capital Expenditure | -13.12 | -11.72 | -17.18 | -30.49 | -19.53 | -27.25 | -30.67 | -34.51 | -38.83 | -43.70 |
| Free Cash Flow | -2.41 | -5.40 | 30.77 | -25.62 | -18.05 | -6.15 | -6.92 | -7.79 | -8.76 | -9.86 |
| WACC | ||||||||||
| PV LFCF | -5.80 | -6.15 | -6.52 | -6.91 | -7.33 | |||||
| SUM PV LFCF | -32.71 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 6.10 |
| Free cash flow (t + 1) | -10.06 |
| Terminal Value | -245.32 |
| Present Value of Terminal Value | -182.45 |
Intrinsic Value
| Enterprise Value | -215.16 |
|---|---|
| Net Debt | 151.99 |
| Equity Value | -367.16 |
| Shares Outstanding | 4.69 |
| Equity Value Per Share | -78.22 |