Discounted Cash Flow (DCF) Analysis Unlevered

Courtois S.A. (COUR.PA)

130 €

+4.00 (+0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 130 | undervalue

Operating Data

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 5.774.564.129.071.411.431.451.461.481.50
Revenue (%)
EBITDA 0.630.680.250.911.410.410.410.420.420.43
EBITDA (%)
EBIT 0.600.650.220.871.400.400.400.410.410.42
EBIT (%)
Depreciation 0.030.030.030.040.010.010.010.010.010.01
Depreciation (%)

Balance Sheet Data

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Total Cash 2.206.216.978.351.531.551.571.591.611.63
Total Cash (%)
Account Receivables 8.456.270.900.791.111.121.141.151.171.18
Account Receivables (%)
Inventories 9.879.5510.694.612.432.462.502.532.562.59
Inventories (%)
Accounts Payable 0.440.830.650.680.170.180.180.180.180.18
Accounts Payable (%)
Capital Expenditure -0.04-0.04-0.36-0.75-0.07-0.07-0.07-0.07-0.07-0.07
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 130
Beta 0.321
Diluted Shares Outstanding -
Cost of Debt
Tax Rate 20.88
After-tax Cost of Debt 3.96%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.788
Total Debt -
Total Equity -
Total Capital -
Debt Weighting -
Equity Weighting -
Wacc

Build Up Free Cash

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 5.774.564.129.071.411.431.451.461.481.50
EBITDA 0.630.680.250.911.410.410.410.420.420.43
EBIT 0.600.650.220.871.400.400.400.410.410.42
Tax Rate 21.05%32.54%14.16%15.79%20.88%20.88%20.88%20.88%20.88%20.88%
EBIAT 0.470.440.190.731.110.310.320.320.330.33
Depreciation 0.030.030.030.040.010.010.010.010.010.01
Accounts Receivable -2.185.370.11-0.32-0.01-0.01-0.01-0.01-0.01
Inventories -0.32-1.146.082.17-0.03-0.03-0.03-0.03-0.03
Accounts Payable -0.39-0.170.03-0.5100000
Capital Expenditure -0.04-0.04-0.36-0.75-0.07-0.07-0.07-0.07-0.07-0.07
UFCF 0.463.323.926.252.390.210.220.220.220.22
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 0.23
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -
Equity Value -
Shares Outstanding -
Equity Value Per Share -