Discounted Cash Flow (DCF) Analysis Levered

Hotelim Société Anonyme (MLHOT.PA)

28.8 €

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: 532.36 | 28.8 | undervalue

Free Cash Flow

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 19.2721.3122.1123.7025.3927.2229.1731.2633.5035.9038.48
Revenue (%)
Operating Cash Flow 3.854.173.954.534.865.215.585.986.416.877.36
Operating Cash Flow (%)
Capital Expenditure -2.47-0.85-2.54-2.23-2.40-2.57-2.75-2.95-3.16-3.39-3.63
Capital Expenditure (%)
Free Cash Flow 1.383.321.412.302.462.642.833.033.253.483.73

Weighted Average Cost Of Capital

Share price $ 28.8
Beta 0.000
Diluted Shares Outstanding 0.97
Cost of Debt
Tax Rate -9.69
After-tax Cost of Debt 0.68%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.518
Total Debt 11.75
Total Equity 27.94
Total Capital 39.68
Debt Weighting 29.60
Equity Weighting 70.40
Wacc

Build Up Free Cash Flow

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 19.2721.3122.1123.7025.3927.2229.1731.2633.5035.9038.48
Operating Cash Flow 3.854.173.954.534.865.215.585.986.416.877.36
Capital Expenditure -2.47-0.85-2.54-2.23-2.40-2.57-2.75-2.95-3.16-3.39-3.63
Free Cash Flow 1.383.321.412.302.462.642.833.033.253.483.73
WACC
PV LFCF 2.362.462.572.692.802.933.053.19
SUM PV LFCF 15.04

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 2.68
Free cash flow (t + 1) 3.81
Terminal Value 560.17
Present Value of Terminal Value 490.78

Intrinsic Value

Enterprise Value 505.83
Net Debt -10.56
Equity Value 516.39
Shares Outstanding 0.97
Equity Value Per Share 532.36