Discounted Cash Flow (DCF) Analysis Levered

Pacte Novation (MLPAC.PA)

11.7 €

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: -27.19 | 11.7 | overvalue

Free Cash Flow

Year
A/P
2015
Actual
2016
Actual
2017
Actual
2018
Actual
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 9.499.199.319.699.769.839.919.9810.0510.1310.2010.28
Revenue (%)
Operating Cash Flow 0.130.070.230.530.250.250.250.250.250.260.260.26
Operating Cash Flow (%)
Capital Expenditure -0.09-0.05-0.07-0.07-0.07-0.07-0.07-0.07-0.08-0.08-0.08-0.08
Capital Expenditure (%)
Free Cash Flow 0.040.020.160.460.170.170.180.180.180.180.180.18

Weighted Average Cost Of Capital

Share price $ 11.7
Beta -0.456
Diluted Shares Outstanding 0.51
Cost of Debt
Tax Rate 44.03
After-tax Cost of Debt 218.99%
Risk-Free Rate
Market Risk Premium
Cost of Equity 0.839
Total Debt 0
Total Equity 5.97
Total Capital 5.97
Debt Weighting 0.04
Equity Weighting 99.96
Wacc

Build Up Free Cash Flow

Year
A/P
2015
Actual
2016
Actual
2017
Actual
2018
Actual
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 9.499.199.319.699.769.839.919.9810.0510.1310.2010.28
Operating Cash Flow 0.130.070.230.530.250.250.250.250.250.260.260.26
Capital Expenditure -0.09-0.05-0.07-0.07-0.07-0.07-0.07-0.07-0.08-0.08-0.08-0.08
Free Cash Flow 0.040.020.160.460.170.170.180.180.180.180.180.18
WACC
PV LFCF 0.170.170.170.170.170.170.170.17
SUM PV LFCF 0.87

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 0.92
Free cash flow (t + 1) 0.19
Terminal Value -17.20
Present Value of Terminal Value -16.43

Intrinsic Value

Enterprise Value -15.56
Net Debt -1.69
Equity Value -13.86
Shares Outstanding 0.51
Equity Value Per Share -27.19