Discounted Cash Flow (DCF) Analysis Levered
Neways Electronics International N.... (NEWAY.AS)
12.75 €
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 | 438.69 | 506.82 | 533.45 | 478.57 | 469.54 | 479.64 | 489.97 | 500.51 | 511.29 | 522.29 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 3.18 | 7.57 | 29.44 | 40.87 | -29 | 9.69 | 9.90 | 10.11 | 10.33 | 10.55 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -6.60 | -12.08 | -13 | -3.32 | -4.36 | -7.63 | -7.79 | -7.96 | -8.13 | -8.30 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | -3.42 | -4.51 | 16.44 | 37.55 | -33.36 | 2.06 | 2.11 | 2.15 | 2.20 | 2.25 |
Weighted Average Cost Of Capital
Share price | $ 12.75 |
---|---|
Beta | 0.976 |
Diluted Shares Outstanding | 12.25 |
Cost of Debt | |
Tax Rate | 19.73 |
After-tax Cost of Debt | 3.39% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 8.824 |
Total Debt | 72.44 |
Total Equity | 156.14 |
Total Capital | 228.58 |
Debt Weighting | 31.69 |
Equity Weighting | 68.31 |
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 | 438.69 | 506.82 | 533.45 | 478.57 | 469.54 | 479.64 | 489.97 | 500.51 | 511.29 | 522.29 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 3.18 | 7.57 | 29.44 | 40.87 | -29 | 9.69 | 9.90 | 10.11 | 10.33 | 10.55 |
Capital Expenditure | -6.60 | -12.08 | -13 | -3.32 | -4.36 | -7.63 | -7.79 | -7.96 | -8.13 | -8.30 |
Free Cash Flow | -3.42 | -4.51 | 16.44 | 37.55 | -33.36 | 2.06 | 2.11 | 2.15 | 2.20 | 2.25 |
WACC | ||||||||||
PV LFCF | 1.68 | 1.60 | 1.53 | 1.46 | 1.39 | |||||
SUM PV LFCF | 8.79 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 7.10 |
Free cash flow (t + 1) | 2.29 |
Terminal Value | 44.96 |
Present Value of Terminal Value | 31.91 |
Intrinsic Value
Enterprise Value | 40.70 |
---|---|
Net Debt | 68.44 |
Equity Value | -27.74 |
Shares Outstanding | 12.25 |
Equity Value Per Share | -2.27 |