Discounted Cash Flow (DCF) Analysis Unlevered

GTN Textiles Limited (GTNTEX.NS)

19.5 ₹

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: -100.64 | 19.5 | overvalue

Operating Data

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 1,418.711,415.011,277.50450.98834.60856.28878.51901.33924.74948.76
Revenue (%)
EBITDA 81.9518.51-22.84-121.36-13.10-39.70-40.74-41.79-42.88-43.99
EBITDA (%)
EBIT 44.88-14.40-55.11-153.16-42.90-70.68-72.51-74.40-76.33-78.31
EBIT (%)
Depreciation 37.0632.9132.2731.8029.8030.9731.7832.6033.4534.32
Depreciation (%)

Balance Sheet Data

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Total Cash 2.146.0552.6422.0143.9025.4126.0726.7527.4528.16
Total Cash (%)
Account Receivables ----------
Account Receivables (%)
Inventories 477.69429.68266.8892.1483.50197.57202.70207.96213.36218.90
Inventories (%)
Accounts Payable -481.56319.6864.9490.20180.38185.06189.87194.80199.86
Accounts Payable (%)
Capital Expenditure -2.89-5.40-0.44-0.10-0.30-1.16-1.19-1.22-1.25-1.29
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 19.5
Beta -0.199
Diluted Shares Outstanding 11.64
Cost of Debt
Tax Rate 7.81
After-tax Cost of Debt 13.80%
Risk-Free Rate
Market Risk Premium
Cost of Equity 2.752
Total Debt 731.30
Total Equity 226.99
Total Capital 958.29
Debt Weighting 76.31
Equity Weighting 23.69
Wacc

Build Up Free Cash

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 1,418.711,415.011,277.50450.98834.60856.28878.51901.33924.74948.76
EBITDA 81.9518.51-22.84-121.36-13.10-39.70-40.74-41.79-42.88-43.99
EBIT 44.88-14.40-55.11-153.16-42.90-70.68-72.51-74.40-76.33-78.31
Tax Rate 10.12%11.68%22.34%-52.46%7.81%-0.10%-0.10%-0.10%-0.10%-0.10%
EBIAT 40.34-12.72-42.80-233.51-39.55-70.75-72.59-74.47-76.41-78.39
Depreciation 37.0632.9132.2731.8029.8030.9731.7832.6033.4534.32
Accounts Receivable ----------
Inventories -48162.80174.758.64-114.07-5.13-5.26-5.40-5.54
Accounts Payable ---161.87-254.7525.2690.184.684.814.935.06
Capital Expenditure -2.89-5.40-0.44-0.10-0.30-1.16-1.19-1.22-1.25-1.29
UFCF 74.5262.80-10.04-281.8123.85-64.82-42.45-43.55-44.68-45.84
WACC
PV UFCF -58.30-34.34-31.69-29.24-26.98
SUM PV UFCF -180.56

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 11.18
Free cash flow (t + 1) -46.76
Terminal Value -509.33
Present Value of Terminal Value -299.83

Intrinsic Value

Enterprise Value -480.38
Net Debt 691.10
Equity Value -1,171.48
Shares Outstanding 11.64
Equity Value Per Share -100.64