Discounted Cash Flow (DCF) Analysis Unlevered

Deinove SA (ALDEI.PA)

0.0265 €

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: -1,041.31 | 0.0265 | overvalue

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 0.070.040.160.320.370.721.412.755.3910.56
Revenue (%)
EBITDA -8.13-8.90-10.46-6.70-6.89-63.69-124.70-244.15-478.03-935.92
EBITDA (%)
EBIT -9.67-10.46-12.20-8.13-7.84-75-146.85-287.51-562.91-1,102.11
EBIT (%)
Depreciation 1.541.561.741.420.9511.3122.1443.3584.88166.19
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 4.883.901.092.903.8427.7454.31106.33208.17407.58
Total Cash (%)
Account Receivables ----------
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 1.431.481.891.011.2810.9121.3741.8381.91160.36
Accounts Payable (%)
Capital Expenditure -1.21-1.41-0.49-0.11-0.27-8.16-15.97-31.27-61.22-119.87
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 0.0,265
Beta 0.794
Diluted Shares Outstanding 28.60
Cost of Debt
Tax Rate 11.42
After-tax Cost of Debt 3.80%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.034
Total Debt 6.32
Total Equity 0.76
Total Capital 7.08
Debt Weighting 89.30
Equity Weighting 10.70
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 0.070.040.160.320.370.721.412.755.3910.56
EBITDA -8.13-8.90-10.46-6.70-6.89-63.69-124.70-244.15-478.03-935.92
EBIT -9.67-10.46-12.20-8.13-7.84-75-146.85-287.51-562.91-1,102.11
Tax Rate 25.09%19.23%19.89%16.62%11.42%18.45%18.45%18.45%18.45%18.45%
EBIAT -7.24-8.44-9.78-6.78-6.95-61.17-119.75-234.47-459.06-898.78
Depreciation 1.541.561.741.420.9511.3122.1443.3584.88166.19
Accounts Receivable ----------
Inventories ----------
Accounts Payable -0.050.41-0.890.289.6310.4520.4740.0778.46
Capital Expenditure -1.21-1.41-0.49-0.11-0.27-8.16-15.97-31.27-61.22-119.87
UFCF -6.91-8.24-8.12-6.35-5.99-48.38-103.13-201.92-395.33-774.01
WACC
PV UFCF -46.41-94.89-178.21-334.70-628.59
SUM PV UFCF -1,282.80

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.25
Free cash flow (t + 1) -789.49
Terminal Value -35,088.38
Present Value of Terminal Value -28,495.94

Intrinsic Value

Enterprise Value -29,778.74
Net Debt 2.48
Equity Value -29,781.22
Shares Outstanding 28.60
Equity Value Per Share -1,041.31