Discounted Cash Flow (DCF) Analysis Unlevered

Mobotix AG (MBQ.DE)

1.2 €

+0.08 (+7.14%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 1.2 | undervalue

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 63.4669.9070.3562.4256.0454.5453.0851.6650.2748.93
Revenue (%)
EBITDA 3.554.278.933.69-3.832.562.492.432.362.30
EBITDA (%)
EBIT ----------
EBIT (%)
Depreciation ----------
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 2.351.732.121.402.271.691.641.601.561.52
Total Cash (%)
Account Receivables 15.5014.9013.8420.9520.2714.7414.3513.9613.5913.23
Account Receivables (%)
Inventories 15.1418.7025.8923.3230.5719.5619.0418.5318.0317.55
Inventories (%)
Accounts Payable 2.524.512.186.287.514.043.933.823.723.62
Accounts Payable (%)
Capital Expenditure ----------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 1.2
Beta 1.169
Diluted Shares Outstanding 13.21
Cost of Debt
Tax Rate 18.71
After-tax Cost of Debt 3.50%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.821
Total Debt 38.67
Total Equity 15.85
Total Capital 54.53
Debt Weighting 70.93
Equity Weighting 29.07
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 63.4669.9070.3562.4256.0454.5453.0851.6650.2748.93
EBITDA 3.554.278.933.69-3.832.562.492.432.362.30
EBIT ----------
Tax Rate 32.92%50.67%21.57%788.89%18.71%182.55%182.55%182.55%182.55%182.55%
EBIAT ----------
Depreciation ----------
Accounts Receivable -0.591.06-7.110.685.530.390.380.370.36
Inventories --3.56-7.192.57-7.2511.010.520.510.500.48
Accounts Payable -2-2.344.101.23-3.48-0.11-0.11-0.10-0.10
Capital Expenditure --1.96-4.63-5.58-4.90-----
UFCF ----------
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.34
Free cash flow (t + 1) -
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt 36.40
Equity Value -
Shares Outstanding 13.21
Equity Value Per Share -