Discounted Cash Flow (DCF) Analysis Levered
Lingotes Especiales, S.A. (LGT.MC)
8.28 €
+0.06 (+0.73%)
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 | 103.86 | 114.90 | 114.39 | 90.88 | 85.51 | 82.04 | 78.70 | 75.50 | 72.43 | 69.48 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 9.95 | 12.02 | 15.63 | 11.50 | 1.67 | 7.93 | 7.60 | 7.30 | 7 | 6.71 |
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 | -0.06 | 0.55 | 8.12 | 5.59 | -4.62 | 1.36 | 1.30 | 1.25 | 1.20 | 1.15 |
Weighted Average Cost Of Capital
Share price | $ 8.28 |
---|---|
Beta | 1.178 |
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 | 9.200 |
Total Debt | 22.07 |
Total Equity | 82.80 |
Total Capital | 104.87 |
Debt Weighting | 21.05 |
Equity Weighting | 78.95 |
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 | 103.86 | 114.90 | 114.39 | 90.88 | 85.51 | 82.04 | 78.70 | 75.50 | 72.43 | 69.48 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 9.95 | 12.02 | 15.63 | 11.50 | 1.67 | 7.93 | 7.60 | 7.30 | 7 | 6.71 |
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 | -0.06 | 0.55 | 8.12 | 5.59 | -4.62 | 1.36 | 1.30 | 1.25 | 1.20 | 1.15 |
WACC | ||||||||||
PV LFCF | 1.26 | 1.13 | 1.01 | 0.90 | 0.80 | |||||
SUM PV LFCF | 5.10 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 7.48 |
Free cash flow (t + 1) | 1.17 |
Terminal Value | 21.41 |
Present Value of Terminal Value | 14.93 |
Intrinsic Value
Enterprise Value | 20.03 |
---|---|
Net Debt | 20.09 |
Equity Value | -0.06 |
Shares Outstanding | 10 |
Equity Value Per Share | -0.01 |