Discounted Cash Flow (DCF) Analysis Levered
Rothschild & Co SCA (ROTH.PA)
46.15 €
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 | 1,727.91 | 1,995.51 | 1,895.54 | 1,827.30 | 2,715.85 | 3,092.69 | 3,521.83 | 4,010.52 | 4,567.01 | 5,200.73 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 317 | 889.22 | -177.67 | 825.69 | 1,392.62 | 927.79 | 1,056.53 | 1,203.14 | 1,370.08 | 1,560.19 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -13.15 | -21.85 | -20.59 | -38.81 | -25.44 | -37.13 | -42.28 | -48.15 | -54.83 | -62.44 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 303.85 | 867.37 | -198.26 | 786.88 | 1,367.19 | 890.66 | 1,014.25 | 1,154.99 | 1,315.25 | 1,497.76 |
Weighted Average Cost Of Capital
| Share price | $ 46.15 |
|---|---|
| Beta | 0.826 |
| Diluted Shares Outstanding | 72.99 |
| Cost of Debt | |
| Tax Rate | 32.28 |
| After-tax Cost of Debt | 0.61% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 7.591 |
| Total Debt | 736.60 |
| Total Equity | 3,368.49 |
| Total Capital | 4,105.09 |
| Debt Weighting | 17.94 |
| Equity Weighting | 82.06 |
| 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 | 1,727.91 | 1,995.51 | 1,895.54 | 1,827.30 | 2,715.85 | 3,092.69 | 3,521.83 | 4,010.52 | 4,567.01 | 5,200.73 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 317 | 889.22 | -177.67 | 825.69 | 1,392.62 | 927.79 | 1,056.53 | 1,203.14 | 1,370.08 | 1,560.19 |
| Capital Expenditure | -13.15 | -21.85 | -20.59 | -38.81 | -25.44 | -37.13 | -42.28 | -48.15 | -54.83 | -62.44 |
| Free Cash Flow | 303.85 | 867.37 | -198.26 | 786.88 | 1,367.19 | 890.66 | 1,014.25 | 1,154.99 | 1,315.25 | 1,497.76 |
| WACC | ||||||||||
| PV LFCF | 837.56 | 896.92 | 960.48 | 1,028.54 | 1,101.43 | |||||
| SUM PV LFCF | 4,824.93 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 6.34 |
| Free cash flow (t + 1) | 1,527.71 |
| Terminal Value | 35,200.71 |
| Present Value of Terminal Value | 25,886.19 |
Intrinsic Value
| Enterprise Value | 30,711.12 |
|---|---|
| Net Debt | -5,268.51 |
| Equity Value | 35,979.63 |
| Shares Outstanding | 72.99 |
| Equity Value Per Share | 492.94 |