Discounted Cash Flow (DCF) Analysis Levered
SNP Schneider-Neureither & Partner ... (SHF.DE)
33.9 €
+0.50 (+1.50%)
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 | 122.34 | 130.98 | 145.19 | 143.78 | 166.97 | 180.77 | 195.71 | 211.89 | 229.41 | 248.37 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -7.48 | 3.33 | -5.09 | 2 | -1.38 | -2.36 | -2.55 | -2.76 | -2.99 | -3.24 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -5.44 | -2.92 | -3.87 | -2.12 | -2.72 | -4.50 | -4.87 | -5.27 | -5.71 | -6.18 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -12.92 | 0.41 | -8.95 | -0.12 | -4.10 | -6.85 | -7.42 | -8.03 | -8.70 | -9.42 |
Weighted Average Cost Of Capital
| Share price | $ 33.9 |
|---|---|
| Beta | 1.233 |
| Diluted Shares Outstanding | 7.12 |
| Cost of Debt | |
| Tax Rate | 78.61 |
| After-tax Cost of Debt | 0.45% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.566 |
| Total Debt | 86.63 |
| Total Equity | 241.20 |
| Total Capital | 327.83 |
| Debt Weighting | 26.43 |
| Equity Weighting | 73.57 |
| 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 | 122.34 | 130.98 | 145.19 | 143.78 | 166.97 | 180.77 | 195.71 | 211.89 | 229.41 | 248.37 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -7.48 | 3.33 | -5.09 | 2 | -1.38 | -2.36 | -2.55 | -2.76 | -2.99 | -3.24 |
| Capital Expenditure | -5.44 | -2.92 | -3.87 | -2.12 | -2.72 | -4.50 | -4.87 | -5.27 | -5.71 | -6.18 |
| Free Cash Flow | -12.92 | 0.41 | -8.95 | -0.12 | -4.10 | -6.85 | -7.42 | -8.03 | -8.70 | -9.42 |
| WACC | ||||||||||
| PV LFCF | -6.40 | -6.46 | -6.53 | -6.60 | -6.66 | |||||
| SUM PV LFCF | -32.64 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 7.16 |
| Free cash flow (t + 1) | -9.60 |
| Terminal Value | -186.13 |
| Present Value of Terminal Value | -131.72 |
Intrinsic Value
| Enterprise Value | -164.36 |
|---|---|
| Net Debt | 46.29 |
| Equity Value | -210.65 |
| Shares Outstanding | 7.12 |
| Equity Value Per Share | -29.61 |