Discounted Cash Flow (DCF) Analysis Levered
LEONI AG (LEO.DE)
2.832 €
-0.11 (-3.61%)
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 | 4,922.81 | 5,101.12 | 4,845.71 | 4,133.54 | 5,118.92 | 5,218.19 | 5,319.39 | 5,422.54 | 5,527.70 | 5,634.90 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 244.64 | 151.51 | -21.56 | 54.91 | 150.30 | 122.73 | 125.11 | 127.53 | 130 | 132.53 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -275.20 | -315.68 | -304.30 | -197.73 | -174.80 | -274.03 | -279.34 | -284.76 | -290.28 | -295.91 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -30.55 | -164.17 | -325.86 | -142.82 | -24.49 | -151.30 | -154.24 | -157.23 | -160.28 | -163.38 |
Weighted Average Cost Of Capital
| Share price | $ 2.832 |
|---|---|
| Beta | 1.293 |
| Diluted Shares Outstanding | 107.49 |
| Cost of Debt | |
| Tax Rate | 331.20 |
| After-tax Cost of Debt | -9.34% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.482 |
| Total Debt | 1,598.52 |
| Total Equity | 304.40 |
| Total Capital | 1,902.92 |
| Debt Weighting | 84.00 |
| Equity Weighting | 16.00 |
| 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 | 4,922.81 | 5,101.12 | 4,845.71 | 4,133.54 | 5,118.92 | 5,218.19 | 5,319.39 | 5,422.54 | 5,527.70 | 5,634.90 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 244.64 | 151.51 | -21.56 | 54.91 | 150.30 | 122.73 | 125.11 | 127.53 | 130 | 132.53 |
| Capital Expenditure | -275.20 | -315.68 | -304.30 | -197.73 | -174.80 | -274.03 | -279.34 | -284.76 | -290.28 | -295.91 |
| Free Cash Flow | -30.55 | -164.17 | -325.86 | -142.82 | -24.49 | -151.30 | -154.24 | -157.23 | -160.28 | -163.38 |
| WACC | ||||||||||
| PV LFCF | -161.53 | -175.79 | -191.30 | -208.19 | -226.57 | |||||
| SUM PV LFCF | -963.38 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | -6.33 |
| Free cash flow (t + 1) | -166.65 |
| Terminal Value | 2,000.61 |
| Present Value of Terminal Value | 2,774.34 |
Intrinsic Value
| Enterprise Value | 1,810.97 |
|---|---|
| Net Debt | 1,433.88 |
| Equity Value | 377.08 |
| Shares Outstanding | 107.49 |
| Equity Value Per Share | 3.51 |