Discounted Cash Flow (DCF) Analysis Unlevered

AgroGeneration SA (ALAGR.PA)

0.0864 €

+0.00 (+1.41%)
All numbers are in Millions, Currency in USD
Stock DCF: 0.11 | 0.0864 | undervalue

Operating Data

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 54.2041.0130.5939.1543.9042.8441.8140.8039.8238.86
Revenue (%)
EBITDA -0.425.50-12.5210.6822.374.284.184.073.983.88
EBITDA (%)
EBIT -6.67-3.44-21.524.3715.24-3.87-3.78-3.68-3.60-3.51
EBIT (%)
Depreciation 6.248.9496.317.128.157.957.767.577.39
Depreciation (%)

Balance Sheet Data

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Total Cash 1.771.982.284.627.103.733.643.553.473.38
Total Cash (%)
Account Receivables ----------
Account Receivables (%)
Inventories 41.1836.9323.9320.9838.8133.1032.3031.5230.7630.02
Inventories (%)
Accounts Payable 7.976.132.111.690.963.693.603.513.433.34
Accounts Payable (%)
Capital Expenditure -7.16-0.89-1.57-1.13-3.09-2.61-2.54-2.48-2.42-2.36
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 0.0,864
Beta 0.544
Diluted Shares Outstanding 226.66
Cost of Debt
Tax Rate -0.80
After-tax Cost of Debt 4.69%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.087
Total Debt 24.60
Total Equity 19.58
Total Capital 44.18
Debt Weighting 55.68
Equity Weighting 44.32
Wacc

Build Up Free Cash

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 54.2041.0130.5939.1543.9042.8441.8140.8039.8238.86
EBITDA -0.425.50-12.5210.6822.374.284.184.073.983.88
EBIT -6.67-3.44-21.524.3715.24-3.87-3.78-3.68-3.60-3.51
Tax Rate 0.51%-35.00%-55.23%-29.30%-0.80%-23.96%-23.96%-23.96%-23.96%-23.96%
EBIAT -6.63-4.65-33.405.6515.37-4.80-4.68-4.57-4.46-4.35
Depreciation 6.248.9496.317.128.157.957.767.577.39
Accounts Receivable ----------
Inventories -4.25132.95-17.835.720.800.780.760.74
Accounts Payable --1.84-4.02-0.42-0.722.73-0.09-0.09-0.08-0.08
Capital Expenditure -7.16-0.89-1.57-1.13-3.09-2.61-2.54-2.48-2.42-2.36
UFCF -7.555.81-16.9913.360.859.191.441.401.371.33
WACC
PV UFCF 8.721.291.201.111.03
SUM PV UFCF 13.36

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.31
Free cash flow (t + 1) 1.36
Terminal Value 41.10
Present Value of Terminal Value 31.73

Intrinsic Value

Enterprise Value 45.09
Net Debt 20.19
Equity Value 24.90
Shares Outstanding 226.66
Equity Value Per Share 0.11