Discounted Cash Flow (DCF) Analysis Unlevered

Advent Technologies Holdings, Inc. (ADN)

$1.9

+0.05 (+2.70%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 1.9 | undervalue

Operating Data

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue --------
Revenue (%)
EBITDA --------
EBITDA (%)
EBIT --------
EBIT (%)
Depreciation --------
Depreciation (%)

Balance Sheet Data

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Total Cash --------
Total Cash (%)
Account Receivables --------
Account Receivables (%)
Inventories --------
Inventories (%)
Accounts Payable --------
Accounts Payable (%)
Capital Expenditure --------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 1.9
Beta -0.071
Diluted Shares Outstanding 45.81
Cost of Debt
Tax Rate 4.30
After-tax Cost of Debt 35.81%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.182
Total Debt 0.14
Total Equity 87.05
Total Capital 87.19
Debt Weighting 0.16
Equity Weighting 99.84
Wacc

Build Up Free Cash

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue --------
EBITDA --------
EBIT --------
Tax Rate 27.12%-25.04%4.30%2.13%2.13%2.13%2.13%2.13%
EBIAT --------
Depreciation --------
Accounts Receivable --------
Inventories --------
Accounts Payable --------
Capital Expenditure ---6.14-----
UFCF --------
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 3.23
Free cash flow (t + 1) -
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -79.63
Equity Value -
Shares Outstanding 45.81
Equity Value Per Share -