Discounted Cash Flow (DCF) Analysis Levered
Nexity SA (NXI.PA)
23.06 €
-0.02 (-0.09%)
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 | 3,353.98 | 3,939.58 | 4,200.73 | 4,511.65 | 4,468.37 | 4,809.43 | 5,176.53 | 5,571.64 | 5,996.91 | 6,454.64 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 221.42 | 282.23 | 348.31 | 771.44 | 97.50 | 397.63 | 427.98 | 460.64 | 495.80 | 533.65 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -33.05 | -48.04 | -68.81 | -82.92 | -54.65 | -66.41 | -71.47 | -76.93 | -82.80 | -89.12 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 188.37 | 234.19 | 279.50 | 688.52 | 42.85 | 331.22 | 356.50 | 383.71 | 413 | 444.52 |
Weighted Average Cost Of Capital
Share price | $ 23.06 |
---|---|
Beta | 1.207 |
Diluted Shares Outstanding | 62.16 |
Cost of Debt | |
Tax Rate | 25.58 |
After-tax Cost of Debt | 2.14% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 8.586 |
Total Debt | 2,419.82 |
Total Equity | 1,433.45 |
Total Capital | 3,853.27 |
Debt Weighting | 62.80 |
Equity Weighting | 37.20 |
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 | 3,353.98 | 3,939.58 | 4,200.73 | 4,511.65 | 4,468.37 | 4,809.43 | 5,176.53 | 5,571.64 | 5,996.91 | 6,454.64 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 221.42 | 282.23 | 348.31 | 771.44 | 97.50 | 397.63 | 427.98 | 460.64 | 495.80 | 533.65 |
Capital Expenditure | -33.05 | -48.04 | -68.81 | -82.92 | -54.65 | -66.41 | -71.47 | -76.93 | -82.80 | -89.12 |
Free Cash Flow | 188.37 | 234.19 | 279.50 | 688.52 | 42.85 | 331.22 | 356.50 | 383.71 | 413 | 444.52 |
WACC | ||||||||||
PV LFCF | 316.84 | 326.21 | 335.86 | 345.80 | 356.03 | |||||
SUM PV LFCF | 1,680.73 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 4.54 |
Free cash flow (t + 1) | 453.41 |
Terminal Value | 17,850.95 |
Present Value of Terminal Value | 14,297.13 |
Intrinsic Value
Enterprise Value | 15,977.85 |
---|---|
Net Debt | 1,358.20 |
Equity Value | 14,619.66 |
Shares Outstanding | 62.16 |
Equity Value Per Share | 235.19 |