Discounted Cash Flow (DCF) Analysis Unlevered

Néocom Multimédia SA (MLNEO.PA)

3 €

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 3 | undervalue

Operating Data

Year
A/P
2013
Actual
2014
Actual
2015
Actual
2016
Actual
2017
Actual
2018
Projected
2019
Projected
2020
Projected
2021
Projected
2022
Projected
Revenue 7.2716.5117.8915.7415.9820.9727.5136.0947.3662.13
Revenue (%)
EBITDA 0.450.640.871.371.031.261.652.172.843.73
EBITDA (%)
EBIT 0.450.640.871.371.031.261.652.172.843.73
EBIT (%)
Depreciation ----------
Depreciation (%)

Balance Sheet Data

Year
A/P
2013
Actual
2014
Actual
2015
Actual
2016
Actual
2017
Actual
2018
Projected
2019
Projected
2020
Projected
2021
Projected
2022
Projected
Total Cash 1.801.972.923.031.793.504.596.037.9110.37
Total Cash (%)
Account Receivables ----------
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable -2.682.372.853.473.634.776.258.2010.76
Accounts Payable (%)
Capital Expenditure ----------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 3
Beta 0.808
Diluted Shares Outstanding 1.54
Cost of Debt
Tax Rate 32.90
After-tax Cost of Debt 11.96%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.415
Total Debt 0.24
Total Equity 4.63
Total Capital 4.87
Debt Weighting 4.94
Equity Weighting 95.06
Wacc

Build Up Free Cash

Year
A/P
2013
Actual
2014
Actual
2015
Actual
2016
Actual
2017
Actual
2018
Projected
2019
Projected
2020
Projected
2021
Projected
2022
Projected
Revenue 7.2716.5117.8915.7415.9820.9727.5136.0947.3662.13
EBITDA 0.450.640.871.371.031.261.652.172.843.73
EBIT 0.450.640.871.371.031.261.652.172.843.73
Tax Rate 33.76%37.12%32.41%33.28%32.90%33.89%33.89%33.89%33.89%33.89%
EBIAT 0.300.400.590.910.690.831.091.431.882.47
Depreciation ----------
Accounts Receivable ----------
Inventories ----------
Accounts Payable ---0.300.480.630.161.131.491.952.56
Capital Expenditure ----------
UFCF 0.300.400.281.391.320.992.232.923.835.03
WACC
PV UFCF 0.921.922.342.853.48
SUM PV UFCF 11.52

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 5.13
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -1.55
Equity Value -
Shares Outstanding 1.54
Equity Value Per Share -