Discounted Cash Flow (DCF) Analysis Levered

Gérard Perrier Industrie S.A. (PERR.PA)

98.4 €

-0.60 (-0.61%)
All numbers are in Millions, Currency in USD
Stock DCF: 112.95 | 98.4 | undervalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 191.23211.38191.28233.47278.97308.66341.52377.87418.08462.58
Revenue (%)
Operating Cash Flow 1618.6112.8713.3214.1721.4123.6926.212932.09
Operating Cash Flow (%)
Capital Expenditure -5.27-4.41-3.07-3.22-8.50-6.71-7.43-8.22-9.09-10.06
Capital Expenditure (%)
Free Cash Flow 10.7314.209.7910.115.6714.7016.2617.9919.9122.03

Weighted Average Cost Of Capital

Share price $ 98.4
Beta 0.811
Diluted Shares Outstanding 3.74
Cost of Debt
Tax Rate 24.82
After-tax Cost of Debt 3.23%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.131
Total Debt 31.32
Total Equity 368.21
Total Capital 399.53
Debt Weighting 7.84
Equity Weighting 92.16
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 191.23211.38191.28233.47278.97308.66341.52377.87418.08462.58
Operating Cash Flow 1618.6112.8713.3214.1721.4123.6926.212932.09
Capital Expenditure -5.27-4.41-3.07-3.22-8.50-6.71-7.43-8.22-9.09-10.06
Free Cash Flow 10.7314.209.7910.115.6714.7016.2617.9919.9122.03
WACC
PV LFCF 11.7512.0612.3912.7213.06
SUM PV LFCF 71.97

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 7.75
Free cash flow (t + 1) 22.69
Terminal Value 477.64
Present Value of Terminal Value 328.86

Intrinsic Value

Enterprise Value 400.83
Net Debt -21.84
Equity Value 422.67
Shares Outstanding 3.74
Equity Value Per Share 112.95