Discounted Cash Flow (DCF) Analysis Levered

Lingotes Especiales, S.A. (LGT.MC)

6.46 €

-0.08 (-1.22%)
All numbers are in Millions, Currency in USD
Stock DCF: 0.03 | 6.46 | overvalue

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 103.86114.90114.3990.8885.5182.0478.7075.5072.4369.48
Revenue (%)
Operating Cash Flow 9.9512.0215.6311.501.677.937.607.3076.71
Operating Cash Flow (%)
Capital Expenditure -10.01-11.47-7.51-5.91-6.29-6.57-6.30-6.05-5.80-5.56
Capital Expenditure (%)
Free Cash Flow -0.060.558.125.59-4.621.361.301.251.201.15

Weighted Average Cost Of Capital

Share price $ 6.46
Beta 1.238
Diluted Shares Outstanding 10
Cost of Debt
Tax Rate 27.09
After-tax Cost of Debt 1.04%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.546
Total Debt 22.07
Total Equity 64.60
Total Capital 86.67
Debt Weighting 25.47
Equity Weighting 74.53
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 103.86114.90114.3990.8885.5182.0478.7075.5072.4369.48
Operating Cash Flow 9.9512.0215.6311.501.677.937.607.3076.71
Capital Expenditure -10.01-11.47-7.51-5.91-6.29-6.57-6.30-6.05-5.80-5.56
Free Cash Flow -0.060.558.125.59-4.621.361.301.251.201.15
WACC
PV LFCF 1.261.131.010.900.81
SUM PV LFCF 5.11

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 7.38
Free cash flow (t + 1) 1.17
Terminal Value 21.81
Present Value of Terminal Value 15.28

Intrinsic Value

Enterprise Value 20.39
Net Debt 20.09
Equity Value 0.30
Shares Outstanding 10
Equity Value Per Share 0.03