Discounted Cash Flow (DCF) Analysis Levered
Parrot S.A. (PARRO.PA)
4.605 €
-0.10 (-2.13%)
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 | 151.87 | 109.24 | 76.06 | 57.27 | 54.31 | 42.32 | 32.97 | 25.69 | 20.02 | 15.60 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -40.28 | -62.59 | -29.51 | -30.09 | -25.31 | -18.77 | -14.62 | -11.39 | -8.88 | -6.92 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -2.26 | -4.21 | -1.37 | -2.07 | -1.57 | -1.16 | -0.90 | -0.70 | -0.55 | -0.43 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -42.54 | -66.80 | -30.88 | -32.16 | -26.88 | -19.92 | -15.52 | -12.10 | -9.43 | -7.34 |
Weighted Average Cost Of Capital
| Share price | $ 4.605 |
|---|---|
| Beta | 0.864 |
| Diluted Shares Outstanding | 30.22 |
| Cost of Debt | |
| Tax Rate | -7.76 |
| After-tax Cost of Debt | 2.35% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 7.630 |
| Total Debt | 10.26 |
| Total Equity | 139.16 |
| Total Capital | 149.42 |
| Debt Weighting | 6.87 |
| Equity Weighting | 93.13 |
| 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 | 151.87 | 109.24 | 76.06 | 57.27 | 54.31 | 42.32 | 32.97 | 25.69 | 20.02 | 15.60 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -40.28 | -62.59 | -29.51 | -30.09 | -25.31 | -18.77 | -14.62 | -11.39 | -8.88 | -6.92 |
| Capital Expenditure | -2.26 | -4.21 | -1.37 | -2.07 | -1.57 | -1.16 | -0.90 | -0.70 | -0.55 | -0.43 |
| Free Cash Flow | -42.54 | -66.80 | -30.88 | -32.16 | -26.88 | -19.92 | -15.52 | -12.10 | -9.43 | -7.34 |
| WACC | ||||||||||
| PV LFCF | -18.57 | -13.49 | -9.80 | -7.12 | -5.17 | |||||
| SUM PV LFCF | -54.15 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 7.27 |
| Free cash flow (t + 1) | -7.49 |
| Terminal Value | -142.15 |
| Present Value of Terminal Value | -100.08 |
Intrinsic Value
| Enterprise Value | -154.23 |
|---|---|
| Net Debt | -72.58 |
| Equity Value | -81.65 |
| Shares Outstanding | 30.22 |
| Equity Value Per Share | -2.70 |