Discounted Cash Flow (DCF) Analysis Levered
Telecom Italia S.p.A. (TIT.BR)
0.31 €
0.00 (0.00%)
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 | 21,697.79 | 20,161.53 | 19,307.35 | 17,432.28 | 16,905.45 | 15,888.98 | 14,933.62 | 14,035.71 | 13,191.78 | 12,398.60 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 5,260.63 | 6,674.14 | 8,002.69 | 4,935.12 | 5,241.46 | 5,024.48 | 4,722.37 | 4,438.43 | 4,171.56 | 3,920.74 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -5,190.74 | -4,093.10 | -4,247.50 | -4,567.49 | -6,751.26 | -4,206.15 | -3,953.25 | -3,715.55 | -3,492.14 | -3,282.17 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 69.88 | 2,581.04 | 3,755.19 | 367.63 | -1,509.80 | 818.33 | 769.13 | 722.88 | 679.42 | 638.57 |
Weighted Average Cost Of Capital
| Share price | $ 0.31 |
|---|---|
| Beta | 1.096 |
| Diluted Shares Outstanding | 21,241.32 |
| Cost of Debt | |
| Tax Rate | -397.45 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.327 |
| Total Debt | - |
| Total Equity | 6,584.81 |
| Total Capital | - |
| Debt Weighting | - |
| Equity Weighting | - |
| 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 | 21,697.79 | 20,161.53 | 19,307.35 | 17,432.28 | 16,905.45 | 15,888.98 | 14,933.62 | 14,035.71 | 13,191.78 | 12,398.60 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 5,260.63 | 6,674.14 | 8,002.69 | 4,935.12 | 5,241.46 | 5,024.48 | 4,722.37 | 4,438.43 | 4,171.56 | 3,920.74 |
| Capital Expenditure | -5,190.74 | -4,093.10 | -4,247.50 | -4,567.49 | -6,751.26 | -4,206.15 | -3,953.25 | -3,715.55 | -3,492.14 | -3,282.17 |
| Free Cash Flow | 69.88 | 2,581.04 | 3,755.19 | 367.63 | -1,509.80 | 818.33 | 769.13 | 722.88 | 679.42 | 638.57 |
| WACC | ||||||||||
| PV LFCF | - | - | - | - | - | |||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | 651.34 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -3,806.62 |
| Equity Value | - |
| Shares Outstanding | 21,241.32 |
| Equity Value Per Share | - |