Discounted Cash Flow (DCF) Analysis Levered
Mauna Kea Technologies SA (MKEA.PA)
0.639 €
-0.01 (-1.24%)
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 | 6.69 | 6.76 | 7.43 | 6.53 | 7.70 | 8.02 | 8.36 | 8.71 | 9.08 | 9.46 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -9.74 | -10.90 | -10.27 | -7.99 | -10.27 | -11.25 | -11.72 | -12.22 | -12.73 | -13.27 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -0.73 | -1.25 | -1.38 | -1.08 | -1.10 | -1.26 | -1.32 | -1.37 | -1.43 | -1.49 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -10.47 | -12.15 | -11.65 | -9.07 | -11.37 | -12.51 | -13.04 | -13.59 | -14.16 | -14.76 |
Weighted Average Cost Of Capital
| Share price | $ 0.639 |
|---|---|
| Beta | 1.588 |
| Diluted Shares Outstanding | 44.77 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | 0.10% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 11.190 |
| Total Debt | 28.70 |
| Total Equity | 28.61 |
| Total Capital | 57.31 |
| Debt Weighting | 50.08 |
| Equity Weighting | 49.92 |
| 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 | 6.69 | 6.76 | 7.43 | 6.53 | 7.70 | 8.02 | 8.36 | 8.71 | 9.08 | 9.46 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -9.74 | -10.90 | -10.27 | -7.99 | -10.27 | -11.25 | -11.72 | -12.22 | -12.73 | -13.27 |
| Capital Expenditure | -0.73 | -1.25 | -1.38 | -1.08 | -1.10 | -1.26 | -1.32 | -1.37 | -1.43 | -1.49 |
| Free Cash Flow | -10.47 | -12.15 | -11.65 | -9.07 | -11.37 | -12.51 | -13.04 | -13.59 | -14.16 | -14.76 |
| WACC | ||||||||||
| PV LFCF | -11.85 | -11.69 | -11.53 | -11.37 | -11.22 | |||||
| SUM PV LFCF | -57.65 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 5.64 |
| Free cash flow (t + 1) | -15.05 |
| Terminal Value | -413.53 |
| Present Value of Terminal Value | -314.32 |
Intrinsic Value
| Enterprise Value | -371.97 |
|---|---|
| Net Debt | 16.83 |
| Equity Value | -388.80 |
| Shares Outstanding | 44.77 |
| Equity Value Per Share | -8.68 |