Discounted Cash Flow (DCF) Analysis Levered

Sport Lisboa e Benfica - Futebol, S... (SLBEN.LS)

3.83 €

+0.12 (+3.23%)
All numbers are in Millions, Currency in USD
Stock DCF: -134.15 | 3.83 | overvalue

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 121.54165.70139.9594.03169.34198.15231.87271.33317.51371.54
Revenue (%)
Operating Cash Flow ----------
Operating Cash Flow (%)
Capital Expenditure -63.15-68.55-77.90-72.73-49.74-101.34-118.58-138.76-162.38-190.01
Capital Expenditure (%)
Free Cash Flow ------101.34-118.58-138.76-162.38-190.01

Weighted Average Cost Of Capital

Share price $ 3.83
Beta 0.682
Diluted Shares Outstanding 23
Cost of Debt
Tax Rate 15.69
After-tax Cost of Debt 8.02%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.917
Total Debt 171.16
Total Equity 88.09
Total Capital 259.25
Debt Weighting 66.02
Equity Weighting 33.98
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 121.54165.70139.9594.03169.34198.15231.87271.33317.51371.54
Operating Cash Flow ----------
Capital Expenditure -63.15-68.55-77.90-72.73-49.74-101.34-118.58-138.76-162.38-190.01
Free Cash Flow ------101.34-118.58-138.76-162.38-190.01
WACC
PV LFCF -94.14-102.35-111.26-120.96-131.49
SUM PV LFCF -560.20

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 7.64
Free cash flow (t + 1) -193.81
Terminal Value -3,436.30
Present Value of Terminal Value -2,378.06

Intrinsic Value

Enterprise Value -2,938.26
Net Debt 147.09
Equity Value -3,085.35
Shares Outstanding 23
Equity Value Per Share -134.15