Discounted Cash Flow (DCF) Analysis Levered
Martifer SGPS, S.A. (MAR.LS)
1.115 €
-0.01 (-0.45%)
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 | 176.87 | 200.59 | 235.91 | 226.12 | 209.32 | 219.49 | 230.16 | 241.35 | 253.07 | 265.37 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | - | - | - | - | - | - | - | - | - | - |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -2.64 | -1.85 | -0.37 | -1.76 | -1.80 | -1.85 | -1.94 | -2.03 | -2.13 | -2.23 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | - | - | - | - | - | -1.85 | -1.94 | -2.03 | -2.13 | -2.23 |
Weighted Average Cost Of Capital
Share price | $ 1.115 |
---|---|
Beta | 0.663 |
Diluted Shares Outstanding | 107.49 |
Cost of Debt | |
Tax Rate | 21.91 |
After-tax Cost of Debt | 2.33% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 6.810 |
Total Debt | 131.69 |
Total Equity | 119.85 |
Total Capital | 251.53 |
Debt Weighting | 52.35 |
Equity Weighting | 47.65 |
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 | 176.87 | 200.59 | 235.91 | 226.12 | 209.32 | 219.49 | 230.16 | 241.35 | 253.07 | 265.37 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | - | - | - | - | - | - | - | - | - | - |
Capital Expenditure | -2.64 | -1.85 | -0.37 | -1.76 | -1.80 | -1.85 | -1.94 | -2.03 | -2.13 | -2.23 |
Free Cash Flow | - | - | - | - | - | -1.85 | -1.94 | -2.03 | -2.13 | -2.23 |
WACC | ||||||||||
PV LFCF | -1.77 | -1.77 | -1.78 | -1.79 | -1.79 | |||||
SUM PV LFCF | -8.91 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 4.47 |
Free cash flow (t + 1) | -2.28 |
Terminal Value | -92.23 |
Present Value of Terminal Value | -74.11 |
Intrinsic Value
Enterprise Value | -83.02 |
---|---|
Net Debt | 90.67 |
Equity Value | -173.70 |
Shares Outstanding | 107.49 |
Equity Value Per Share | -1.62 |