Discounted Cash Flow (DCF) Analysis Levered
Sogeclair SA (SOG.PA)
19.25 €
-0.15 (-0.77%)
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 | 147.32 | 159.44 | 184.97 | 123.05 | 121.04 | 117.75 | 114.55 | 111.44 | 108.41 | 105.46 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 7.82 | -0.01 | 8.64 | 25.84 | 2.09 | 7.70 | 7.49 | 7.29 | 7.09 | 6.90 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -4.36 | -4.26 | -3.64 | -3.92 | -4.49 | -3.41 | -3.32 | -3.23 | -3.14 | -3.06 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 3.47 | -4.27 | 5 | 21.92 | -2.40 | 4.29 | 4.17 | 4.06 | 3.95 | 3.84 |
Weighted Average Cost Of Capital
Share price | $ 19.25 |
---|---|
Beta | 1.653 |
Diluted Shares Outstanding | 107.49 |
Cost of Debt | |
Tax Rate | 43.21 |
After-tax Cost of Debt | 1.12% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 11.364 |
Total Debt | 29.75 |
Total Equity | 2,069.11 |
Total Capital | 2,098.86 |
Debt Weighting | 1.42 |
Equity Weighting | 98.58 |
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 | 147.32 | 159.44 | 184.97 | 123.05 | 121.04 | 117.75 | 114.55 | 111.44 | 108.41 | 105.46 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 7.82 | -0.01 | 8.64 | 25.84 | 2.09 | 7.70 | 7.49 | 7.29 | 7.09 | 6.90 |
Capital Expenditure | -4.36 | -4.26 | -3.64 | -3.92 | -4.49 | -3.41 | -3.32 | -3.23 | -3.14 | -3.06 |
Free Cash Flow | 3.47 | -4.27 | 5 | 21.92 | -2.40 | 4.29 | 4.17 | 4.06 | 3.95 | 3.84 |
WACC | ||||||||||
PV LFCF | 3.86 | 3.37 | 2.95 | 2.58 | 2.26 | |||||
SUM PV LFCF | 15.02 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 11.22 |
Free cash flow (t + 1) | 3.92 |
Terminal Value | 42.49 |
Present Value of Terminal Value | 24.97 |
Intrinsic Value
Enterprise Value | 39.99 |
---|---|
Net Debt | 1.92 |
Equity Value | 38.07 |
Shares Outstanding | 107.49 |
Equity Value Per Share | 0.35 |