Discounted Cash Flow (DCF) Analysis Levered
Grupo de Moda SOMA S.A. (SOMA3.SA)
$8.64
+0.26 (+3.10%)
All numbers are in Millions, Currency in USD
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 | 1,082 | 1,304.11 | 1,243.77 | 2,791.68 | 4,870.52 | 7,486.24 | 11,506.72 | 17,686.42 | 27,184.92 | 41,784.59 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 39.71 | 108.01 | -115.39 | -25.93 | 423.38 | 156.29 | 240.23 | 369.24 | 567.54 | 872.34 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -34.97 | -32.68 | -50.10 | -166.91 | -209.60 | -300.18 | -461.39 | -709.18 | -1,090.04 | -1,675.45 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 4.74 | 75.33 | -165.49 | -192.84 | 213.78 | -143.89 | -221.16 | -339.94 | -522.50 | -803.11 |
Weighted Average Cost Of Capital
| Share price | $ 8.64 |
|---|---|
| Beta | 0.396 |
| Diluted Shares Outstanding | - |
| Cost of Debt | |
| Tax Rate | -18.24 |
| After-tax Cost of Debt | 13.25% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 5.435 |
| Total Debt | 1,204.28 |
| Total Equity | - |
| Total Capital | 1,204.28 |
| 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 | 1,082 | 1,304.11 | 1,243.77 | 2,791.68 | 4,870.52 | 7,486.24 | 11,506.72 | 17,686.42 | 27,184.92 | 41,784.59 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 39.71 | 108.01 | -115.39 | -25.93 | 423.38 | 156.29 | 240.23 | 369.24 | 567.54 | 872.34 |
| Capital Expenditure | -34.97 | -32.68 | -50.10 | -166.91 | -209.60 | -300.18 | -461.39 | -709.18 | -1,090.04 | -1,675.45 |
| Free Cash Flow | 4.74 | 75.33 | -165.49 | -192.84 | 213.78 | -143.89 | -221.16 | -339.94 | -522.50 | -803.11 |
| WACC | ||||||||||
| PV LFCF | -127.05 | -172.44 | -234.04 | -317.64 | -431.11 | |||||
| SUM PV LFCF | -1,282.28 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 13.25 |
| Free cash flow (t + 1) | -819.17 |
| Terminal Value | -7,281.55 |
| Present Value of Terminal Value | -3,908.71 |
Intrinsic Value
| Enterprise Value | -5,190.98 |
|---|---|
| Net Debt | 866.72 |
| Equity Value | -6,057.70 |
| Shares Outstanding | - |
| Equity Value Per Share | -Infinity |