Discounted Cash Flow (DCF) Analysis Levered

Moury Construct SA (MOUR.BR)

370 €

0.00 (0.00%)

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	97.03	111.37	126.81	128.60	134.82	146.58	159.37	173.27	188.39	204.83
Revenue (%)
Operating Cash Flow	13.84	3.93	18	13.27	10.75	14.74	16.02	17.42	18.94	20.60
Operating Cash Flow (%)
Capital Expenditure	-2.96	-3.41	-5.10	-3.66	-1.10	-4.04	-4.39	-4.78	-5.19	-5.65
Capital Expenditure (%)
Free Cash Flow	10.89	0.52	12.89	9.61	9.65	10.70	11.63	12.65	13.75	14.95

Weighted Average Cost Of Capital

Share price	$ 370
Beta	0.445
Diluted Shares Outstanding	107.49
Cost of Debt
Tax Rate	26.77
After-tax Cost of Debt	-%
Risk-Free Rate
Market Risk Premium
Cost of Equity	5.790
Total Debt	-
Total Equity	39,769.82
Total Capital	-
Debt Weighting	-
Equity Weighting	-
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	97.03	111.37	126.81	128.60	134.82	146.58	159.37	173.27	188.39	204.83
Operating Cash Flow	13.84	3.93	18	13.27	10.75	14.74	16.02	17.42	18.94	20.60
Capital Expenditure	-2.96	-3.41	-5.10	-3.66	-1.10	-4.04	-4.39	-4.78	-5.19	-5.65
Free Cash Flow	10.89	0.52	12.89	9.61	9.65	10.70	11.63	12.65	13.75	14.95
WACC
PV LFCF						-	-	-	-	-
SUM PV LFCF										-

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%)	-
Free cash flow (t + 1)	15.25
Terminal Value	-
Present Value of Terminal Value	-

Intrinsic Value

Enterprise Value	-
Net Debt	-51.64
Equity Value	-
Shares Outstanding	107.49
Equity Value Per Share	-