Discounted Cash Flow (DCF) Analysis Unlevered

Augros Cosmetic Packaging SA (AUGR.PA)

6 €

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: 0.07 | 6 | 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 14.6217.6217.2614.3514.9415.1615.3815.6015.8216.05
Revenue (%)
EBITDA 0.931.931.440.190.931.011.021.041.051.07
EBITDA (%)
EBIT 0.361.280.73-0.630.090.310.310.320.320.33
EBIT (%)
Depreciation 0.570.650.720.830.840.700.710.720.730.74
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 0.660.260.253.690.961.201.221.231.251.27
Total Cash (%)
Account Receivables ----------
Account Receivables (%)
Inventories 1.011.171.151.071.501.141.161.181.191.21
Inventories (%)
Accounts Payable 2.332.202.652.622.512.392.422.462.492.53
Accounts Payable (%)
Capital Expenditure -0.15-0.28-0.45-0.31-0.53-0.33-0.34-0.34-0.34-0.35
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 6
Beta 1.144
Diluted Shares Outstanding 107.49
Cost of Debt
Tax Rate 0.01
After-tax Cost of Debt 1.20%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.388
Total Debt 4.30
Total Equity 644.92
Total Capital 649.22
Debt Weighting 0.66
Equity Weighting 99.34
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 14.6217.6217.2614.3514.9415.1615.3815.6015.8216.05
EBITDA 0.931.931.440.190.931.011.021.041.051.07
EBIT 0.361.280.73-0.630.090.310.310.320.320.33
Tax Rate 0.00%0.00%-0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%
EBIAT 0.361.280.73-0.630.090.310.310.320.320.33
Depreciation 0.570.650.720.830.840.700.710.720.730.74
Accounts Receivable ----------
Inventories --0.160.020.08-0.430.35-0.02-0.02-0.02-0.02
Accounts Payable --0.130.45-0.03-0.11-0.120.030.030.040.04
Capital Expenditure -0.15-0.28-0.45-0.31-0.53-0.33-0.34-0.34-0.34-0.35
UFCF 0.781.371.47-0.07-0.140.910.700.710.730.74
WACC
PV UFCF 0.840.600.560.530.49
SUM PV UFCF 3.02

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 8.34
Free cash flow (t + 1) 0.75
Terminal Value 11.83
Present Value of Terminal Value 7.93

Intrinsic Value

Enterprise Value 10.95
Net Debt 3.41
Equity Value 7.54
Shares Outstanding 107.49
Equity Value Per Share 0.07