Discounted Cash Flow (DCF) Analysis Levered

Maisons D'aujourd'hui (MLMAI.PA)

1.45 €

0.00 (0.00%)

All numbers are in Millions, Currency in USD

Stock DCF: 0.30 | 1.45 | overvalue

Free Cash Flow

Year A/P	2013 Actual	2014 Actual	2015 Actual	2016 Actual	2017 Actual	2018 Projected	2019 Projected	2020 Projected	2021 Projected	2022 Projected
Revenue	35.21	18.54	8.41	7.18	5	3.16	2	1.27	0.80	0.51
Revenue (%)
Operating Cash Flow	-0.84	1.76	0.30	0.26	0.18	0.11	0.07	0.04	0.03	0.02
Operating Cash Flow (%)
Capital Expenditure	-0.49	-0.09	-0.08	-0.07	-0.05	-0.03	-0.02	-0.01	-0.01	-0
Capital Expenditure (%)
Free Cash Flow	-1.33	1.67	0.22	0.19	0.13	0.08	0.05	0.03	0.02	0.01

Weighted Average Cost Of Capital

Share price	$ 1.45
Beta	0.000
Diluted Shares Outstanding	2
Cost of Debt
Tax Rate	-183.33
After-tax Cost of Debt	23.08%
Risk-Free Rate
Market Risk Premium
Cost of Equity	3.699
Total Debt	0.13
Total Equity	2.90
Total Capital	3.03
Debt Weighting	4.29
Equity Weighting	95.71
Wacc

Build Up Free Cash Flow

Year A/P	2013 Actual	2014 Actual	2015 Actual	2016 Actual	2017 Actual	2018 Projected	2019 Projected	2020 Projected	2021 Projected	2022 Projected
Revenue	35.21	18.54	8.41	7.18	5	3.16	2	1.27	0.80	0.51
Operating Cash Flow	-0.84	1.76	0.30	0.26	0.18	0.11	0.07	0.04	0.03	0.02
Capital Expenditure	-0.49	-0.09	-0.08	-0.07	-0.05	-0.03	-0.02	-0.01	-0.01	-0
Free Cash Flow	-1.33	1.67	0.22	0.19	0.13	0.08	0.05	0.03	0.02	0.01
WACC
PV LFCF						0.06	0.04	0.02	0.01	0.01
SUM PV LFCF										0.18

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%)	4.53
Free cash flow (t + 1)	0.01
Terminal Value	0.53
Present Value of Terminal Value	0.43

Intrinsic Value

Enterprise Value	0.61
Net Debt	0.02
Equity Value	0.59
Shares Outstanding	2
Equity Value Per Share	0.30