Discounted Cash Flow (DCF) Analysis Levered

Soltec Power Holdings, S.A. (SOL.MC)

6.06 €

+0.35 (+6.22%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: -8.27 | 6.06 | overvalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 356.81235.65346.51369.19393.36419.11446.54475.76
Revenue (%)
Operating Cash Flow 4.79-34.1117.12-10.08-10.74-11.44-12.19-12.99
Operating Cash Flow (%)
Capital Expenditure -5.30-7.54-95.54-39.69-42.29-45.06-48.01-51.15
Capital Expenditure (%)
Free Cash Flow -0.51-41.65-78.41-49.77-53.03-56.50-60.20-64.14

Weighted Average Cost Of Capital

Share price $ 6.06
Beta 1.875
Diluted Shares Outstanding 90.97
Cost of Debt
Tax Rate 79.57
After-tax Cost of Debt 0.64%
Risk-Free Rate
Market Risk Premium
Cost of Equity 12.401
Total Debt 108.66
Total Equity 551.29
Total Capital 659.95
Debt Weighting 16.47
Equity Weighting 83.53
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 356.81235.65346.51369.19393.36419.11446.54475.76
Operating Cash Flow 4.79-34.1117.12-10.08-10.74-11.44-12.19-12.99
Capital Expenditure -5.30-7.54-95.54-39.69-42.29-45.06-48.01-51.15
Free Cash Flow -0.51-41.65-78.41-49.77-53.03-56.50-60.20-64.14
WACC
PV LFCF -54.98-53.03-51.15-49.34-47.59
SUM PV LFCF -209.89

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 10.46
Free cash flow (t + 1) -65.42
Terminal Value -773.34
Present Value of Terminal Value -470.27

Intrinsic Value

Enterprise Value -680.16
Net Debt 72.48
Equity Value -752.64
Shares Outstanding 90.97
Equity Value Per Share -8.27