Discounted Cash Flow (DCF) Analysis Unlevered

Egide S.A. (GID.PA)

0.802 €

0.00 (-%)
All numbers are in Millions, Currency in USD
Stock DCF: -2.59 | 0.802 | 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 30.8931.7431.7829.9732.5032.9633.4233.8934.3734.85
Revenue (%)
EBITDA -0.190.40-0.754.422.121.291.311.331.341.36
EBITDA (%)
EBIT -1.13-1.55-2.1920.81-0.41-0.42-0.42-0.43-0.44
EBIT (%)
Depreciation 0.941.941.442.421.311.701.731.751.771.80
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 2.992.361.461.401.592.062.092.122.152.18
Total Cash (%)
Account Receivables ----------
Account Receivables (%)
Inventories 6.326.537.478.097.377.537.637.747.857.96
Inventories (%)
Accounts Payable 3.192.844.305.073.5744.064.124.174.23
Accounts Payable (%)
Capital Expenditure -1.13-0.93-0.89-2.86-3.53-1.96-1.99-2.02-2.05-2.07
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 0.802
Beta 1.077
Diluted Shares Outstanding 10.35
Cost of Debt
Tax Rate 48.72
After-tax Cost of Debt 2.16%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.644
Total Debt 9.95
Total Equity 8.30
Total Capital 18.25
Debt Weighting 54.53
Equity Weighting 45.47
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 30.8931.7431.7829.9732.5032.9633.4233.8934.3734.85
EBITDA -0.190.40-0.754.422.121.291.311.331.341.36
EBIT -1.13-1.55-2.1920.81-0.41-0.42-0.42-0.43-0.44
Tax Rate 76.75%-5.07%-0.11%30.09%48.72%30.08%30.08%30.08%30.08%30.08%
EBIAT -0.26-1.62-2.201.400.42-0.29-0.29-0.30-0.30-0.31
Depreciation 0.941.941.442.421.311.701.731.751.771.80
Accounts Receivable ----------
Inventories --0.21-0.95-0.610.72-0.16-0.11-0.11-0.11-0.11
Accounts Payable --0.351.460.77-1.500.430.060.060.060.06
Capital Expenditure -1.13-0.93-0.89-2.86-3.52-1.96-1.99-2.02-2.05-2.07
UFCF -0.44-1.17-1.131.12-2.58-0.28-0.61-0.61-0.62-0.63
WACC
PV UFCF -0.26-0.55-0.53-0.51-0.49
SUM PV UFCF -2.34

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.11
Free cash flow (t + 1) -0.64
Terminal Value -20.71
Present Value of Terminal Value -16.14

Intrinsic Value

Enterprise Value -18.48
Net Debt 8.36
Equity Value -26.84
Shares Outstanding 10.35
Equity Value Per Share -2.59