Discounted Cash Flow (DCF) Analysis Levered
VGP NV (VGP.BR)
95 €
+0.40 (+0.42%)
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 | 26.59 | 27.80 | 31.46 | 46.41 | 72.77 | 94.96 | 123.93 | 161.74 | 211.08 | 275.46 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -51.03 | -29.33 | -52.17 | -87.47 | -70.64 | -142.22 | -185.60 | -242.21 | -316.10 | -412.53 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | - | - | - | - | - | -142.22 | -185.60 | -242.21 | -316.10 | -412.53 |
Weighted Average Cost Of Capital
| Share price | $ 95 |
|---|---|
| Beta | 0.865 |
| Diluted Shares Outstanding | 22.31 |
| Cost of Debt | |
| Tax Rate | 14.05 |
| After-tax Cost of Debt | 3.57% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 8.239 |
| Total Debt | 2,374.17 |
| Total Equity | 2,119.60 |
| Total Capital | 4,493.77 |
| Debt Weighting | 52.83 |
| Equity Weighting | 47.17 |
| 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 | 26.59 | 27.80 | 31.46 | 46.41 | 72.77 | 94.96 | 123.93 | 161.74 | 211.08 | 275.46 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -51.03 | -29.33 | -52.17 | -87.47 | -70.64 | -142.22 | -185.60 | -242.21 | -316.10 | -412.53 |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | -142.22 | -185.60 | -242.21 | -316.10 | -412.53 |
| WACC | ||||||||||
| PV LFCF | -134.46 | -165.90 | -204.70 | -252.57 | -311.63 | |||||
| SUM PV LFCF | -1,069.25 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 5.77 |
| Free cash flow (t + 1) | -420.78 |
| Terminal Value | -11,161.21 |
| Present Value of Terminal Value | -8,431.39 |
Intrinsic Value
| Enterprise Value | -9,500.64 |
|---|---|
| Net Debt | 1,675 |
| Equity Value | -11,175.64 |
| Shares Outstanding | 22.31 |
| Equity Value Per Share | -500.89 |