Discounted Cash Flow (DCF) Analysis Unlevered

DBT SA (ALDBT.PA)

0.0006 €

-0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: -0.28 | 0.0006 | overvalue

Operating Data

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 9.229.213.964.339.8511.8214.1817.0120.4024.47
Revenue (%)
EBITDA 0.32-0.64-5.38-5.85-3.81-7.40-8.88-10.65-12.78-15.33
EBITDA (%)
EBIT -0.18-0.84-6.14-6.46-4.83-8.61-10.33-12.39-14.87-17.83
EBIT (%)
Depreciation 0.490.200.760.621.021.211.451.742.092.51
Depreciation (%)

Balance Sheet Data

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Total Cash 0.510.302.360.221.812.172.603.123.744.49
Total Cash (%)
Account Receivables --3.043.285.218.109.7211.6613.9916.78
Account Receivables (%)
Inventories 5.875.074.895.126.3410.0412.0414.4417.3220.78
Inventories (%)
Accounts Payable 3.553.072.171.873.224.795.756.898.279.92
Accounts Payable (%)
Capital Expenditure -1.63-0.99-1.06-0.44-5.42-2.84-3.41-4.09-4.91-5.89
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 0.0,006
Beta 1.637
Diluted Shares Outstanding 632.04
Cost of Debt
Tax Rate 0.32
After-tax Cost of Debt 14.22%
Risk-Free Rate
Market Risk Premium
Cost of Equity 12.353
Total Debt 6.15
Total Equity 0.38
Total Capital 6.53
Debt Weighting 94.19
Equity Weighting 5.81
Wacc

Build Up Free Cash

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 9.229.213.964.339.8511.8214.1817.0120.4024.47
EBITDA 0.32-0.64-5.38-5.85-3.81-7.40-8.88-10.65-12.78-15.33
EBIT -0.18-0.84-6.14-6.46-4.83-8.61-10.33-12.39-14.87-17.83
Tax Rate 1.44%-0.30%0.03%-0.05%0.32%0.29%0.29%0.29%0.29%0.29%
EBIAT -0.18-0.84-6.14-6.46-4.82-8.59-10.30-12.36-14.82-17.78
Depreciation 0.490.200.760.621.021.211.451.742.092.51
Accounts Receivable ----0.24-1.93-2.89-1.62-1.94-2.33-2.79
Inventories -0.810.18-0.23-1.22-3.70-2-2.40-2.88-3.46
Accounts Payable --0.49-0.89-0.301.341.570.961.151.381.65
Capital Expenditure -1.63-0.99-1.06-0.44-5.42-2.84-3.41-4.09-4.91-5.89
UFCF -1.32-1.31-7.16-7.06-11.01-15.24-14.93-17.90-21.48-25.76
WACC
PV UFCF -13.36-11.46-12.05-12.66-13.31
SUM PV UFCF -62.84

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 14.12
Free cash flow (t + 1) -26.28
Terminal Value -216.81
Present Value of Terminal Value -112.02

Intrinsic Value

Enterprise Value -174.85
Net Debt 4.35
Equity Value -179.21
Shares Outstanding 632.04
Equity Value Per Share -0.28