Discounted Cash Flow (DCF) Analysis Levered

Fiducial Office Solutions (SACI.PA)

27.6 €

-0.20 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: Infinity | 27.6 | 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 187.46193.23174.98191.64215.04223.30231.88240.79250.04259.64
Revenue (%)
Operating Cash Flow 0.3612.390.3712.82-11.803.583.723.864.014.16
Operating Cash Flow (%)
Capital Expenditure -0.44-0.14-7.06-3.38-1.64-3.07-3.19-3.31-3.44-3.57
Capital Expenditure (%)
Free Cash Flow -0.0812.24-6.699.43-13.440.510.530.550.570.59

Weighted Average Cost Of Capital

Share price $ 27.6
Beta 0.058
Diluted Shares Outstanding -
Cost of Debt
Tax Rate 0.94
After-tax Cost of Debt 2.26%
Risk-Free Rate
Market Risk Premium
Cost of Equity 4.624
Total Debt 7.80
Total Equity -
Total Capital 7.80
Debt Weighting 100.00
Equity Weighting 0.00
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 187.46193.23174.98191.64215.04223.30231.88240.79250.04259.64
Operating Cash Flow 0.3612.390.3712.82-11.803.583.723.864.014.16
Capital Expenditure -0.44-0.14-7.06-3.38-1.64-3.07-3.19-3.31-3.44-3.57
Free Cash Flow -0.0812.24-6.699.43-13.440.510.530.550.570.59
WACC
PV LFCF 0.470.470.480.490.50
SUM PV LFCF 2.57

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 2.26
Free cash flow (t + 1) 0.60
Terminal Value 232.46
Present Value of Terminal Value 207.89

Intrinsic Value

Enterprise Value 210.46
Net Debt 6.76
Equity Value 203.69
Shares Outstanding -
Equity Value Per Share Infinity