Discounted Cash Flow (DCF) Analysis Unlevered

DBT SA (ALDBT.PA)

0.0014 €

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: -0.09 | 0.0014 | overvalue

Operating Data

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 9.229.213.964.333.643.062.572.161.82
Revenue (%)
EBITDA 0.27-0.34-5.91-5.59-2.54-2.13-1.79-1.51-1.27
EBITDA (%)
EBIT -0.22-0.54-6.67-6.21-2.91-2.45-2.06-1.73-1.45
EBIT (%)
Depreciation 0.490.200.760.620.370.310.260.220.19
Depreciation (%)

Balance Sheet Data

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Total Cash 0.510.302.360.220.670.560.470.400.33
Total Cash (%)
Account Receivables ---------
Account Receivables (%)
Inventories 5.875.074.895.123.282.752.321.951.64
Inventories (%)
Accounts Payable 3.553.072.171.871.551.301.090.920.77
Accounts Payable (%)
Capital Expenditure -1.63-0.99-1.06-0.44-0.59-0.50-0.42-0.35-0.30
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 0.0,014
Beta 1.721
Diluted Shares Outstanding 358.03
Cost of Debt
Tax Rate -0.05
After-tax Cost of Debt 4.31%
Risk-Free Rate
Market Risk Premium
Cost of Equity 11.908
Total Debt 1.39
Total Equity 0.50
Total Capital 1.89
Debt Weighting 73.54
Equity Weighting 26.46
Wacc

Build Up Free Cash

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 9.229.213.964.333.643.062.572.161.82
EBITDA 0.27-0.34-5.91-5.59-2.54-2.13-1.79-1.51-1.27
EBIT -0.22-0.54-6.67-6.21-2.91-2.45-2.06-1.73-1.45
Tax Rate 1.44%-0.30%0.03%-0.05%0.28%0.28%0.28%0.28%0.28%
EBIAT -0.22-0.54-6.66-6.21-2.90-2.44-2.05-1.72-1.45
Depreciation 0.490.200.760.620.370.310.260.220.19
Accounts Receivable ---------
Inventories -0.810.18-0.231.840.520.440.370.31
Accounts Payable --0.49-0.89-0.30-0.33-0.25-0.21-0.17-0.15
Capital Expenditure -1.63-0.99-1.06-0.44-0.59-0.50-0.42-0.35-0.30
UFCF -1.36-1.01-7.68-6.56-1.61-2.35-1.98-1.66-1.40
WACC
PV UFCF -1.61-2.21-1.75-1.38-1.09
SUM PV UFCF -7.57

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.32
Free cash flow (t + 1) -1.42
Terminal Value -32.96
Present Value of Terminal Value -24.26

Intrinsic Value

Enterprise Value -31.83
Net Debt 1.19
Equity Value -33.02
Shares Outstanding 358.03
Equity Value Per Share -0.09