Discounted Cash Flow (DCF) Analysis Unlevered

GeoJunxion N.V. (GOJXN.AS)

1.37 €

-0.02 (-1.79%)
All numbers are in Millions, Currency in USD
Stock DCF: -2.76 | 1.37 | overvalue

Operating Data

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 1.3811.060.950.850.760.680.610.550.490.44
Revenue (%)
EBITDA -2.88-2.83-4-2.75-2.46-2.20-1.97-1.76-1.58-1.41-1.26
EBITDA (%)
EBIT -3.80-3.68-4.87-3.49-3.12-2.80-2.50-2.24-2-1.79-1.60
EBIT (%)
Depreciation 0.920.850.870.740.660.590.530.480.430.380.34
Depreciation (%)

Balance Sheet Data

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Total Cash 4.112.190.521.801.611.441.291.151.030.920.83
Total Cash (%)
Account Receivables -----------
Account Receivables (%)
Inventories -----------
Inventories (%)
Accounts Payable 0.190.060.170.110.100.090.080.070.070.060.05
Accounts Payable (%)
Capital Expenditure -0.42-0.55-0.34-0.37-0.33-0.30-0.27-0.24-0.21-0.19-0.17
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 1.37
Beta 0.522
Diluted Shares Outstanding 5.22
Cost of Debt
Tax Rate -0.24
After-tax Cost of Debt 266.67%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.094
Total Debt 0.11
Total Equity 7.15
Total Capital 7.26
Debt Weighting 1.53
Equity Weighting 98.47
Wacc

Build Up Free Cash

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 1.3811.060.950.850.760.680.610.550.490.44
EBITDA -2.88-2.83-4-2.75-2.46-2.20-1.97-1.76-1.58-1.41-1.26
EBIT -3.80-3.68-4.87-3.49-3.12-2.80-2.50-2.24-2-1.79-1.60
Tax Rate 25.28%15.34%19.70%15.02%15.02%-0.24%15.02%15.02%15.02%15.02%15.02%
EBIAT -2.84-3.11-3.91-2.97-2.65-2.80-2.13-1.90-1.70-1.52-1.36
Depreciation 0.920.850.870.740.660.590.530.480.430.380.34
Accounts Receivable -----------
Inventories -----------
Accounts Payable --0.130.11-0.05-0.01-0.01-0.01-0.01-0.01-0.01-0.01
Capital Expenditure -0.42-0.55-0.34-0.37-0.33-0.56-0.27-0.24-0.21-0.19-0.17
UFCF -2.34-2.95-3.27-2.65-2.34-2.52-1.87-1.67-1.50-1.34-1.20
WACC
PV UFCF -2.92-2.34-2.29-1.54-1.26-1.02-0.83-0.67
SUM PV UFCF -5.86

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 10.08
Free cash flow (t + 1) -1.22
Terminal Value -15.14
Present Value of Terminal Value -9.37

Intrinsic Value

Enterprise Value -15.23
Net Debt -0.84
Equity Value -14.39
Shares Outstanding 5.22
Equity Value Per Share -2.76