Discounted Cash Flow (DCF) Analysis Unlevered

SA Entreparticuliers.com (ALENT.PA)

2.355 €

+0.04 (+1.51%)
All numbers are in Millions, Currency in USD
Stock DCF: -92.50 | 2.355 | 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 1.730.380.480.480.941.051.161.291.431.59
Revenue (%)
EBITDA -1-0.40-0.070.040.30-0.29-0.32-0.35-0.39-0.44
EBITDA (%)
EBIT -1-0.510.020.200.30-0.24-0.26-0.29-0.32-0.36
EBIT (%)
Depreciation -00.11-0.09-0.160-0.05-0.06-0.06-0.07-0.08
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 0.620.170.180.190.540.450.500.560.620.69
Total Cash (%)
Account Receivables ----------
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 0.210.170.150.160.100.280.310.340.380.42
Accounts Payable (%)
Capital Expenditure -0-0-0-0-0-0-0-0-0-0
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 2.355
Beta -0.545
Diluted Shares Outstanding 3.43
Cost of Debt
Tax Rate 0.10
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 1.229
Total Debt -
Total Equity 8.09
Total Capital 8.09
Debt Weighting 0.00
Equity Weighting 100.00
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 1.730.380.480.480.941.051.161.291.431.59
EBITDA -1-0.40-0.070.040.30-0.29-0.32-0.35-0.39-0.44
EBIT -1-0.510.020.200.30-0.24-0.26-0.29-0.32-0.36
Tax Rate 4,214.41%0.16%-4.68%0.09%0.10%842.01%842.01%842.01%842.01%842.01%
EBIAT 41.03-0.510.020.200.301.761.952.172.412.67
Depreciation -00.11-0.09-0.160-0.05-0.06-0.06-0.07-0.08
Accounts Receivable ----------
Inventories ----------
Accounts Payable --0.03-0.020.01-0.060.180.030.030.040.04
Capital Expenditure -0-0-0-0-0-0-0-0-0-0
UFCF 41.03-0.44-0.090.050.231.891.932.142.382.64
WACC
PV UFCF 1.871.882.062.262.48
SUM PV UFCF 10.56

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 1.23
Free cash flow (t + 1) 2.69
Terminal Value -349.30
Present Value of Terminal Value -328.59

Intrinsic Value

Enterprise Value -318.04
Net Debt -0.31
Equity Value -317.72
Shares Outstanding 3.43
Equity Value Per Share -92.50