Discounted Cash Flow (DCF) Analysis Unlevered

Moury Construct SA (MOUR.BR)

264 €

+4.00 (+1.54%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 264 | undervalue

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 97.03111.37126.81128.60134.82146.58159.37173.27188.39204.83
Revenue (%)
EBITDA 6.077.349.6614.4219.5813.5514.7316.0117.4118.93
EBITDA (%)
EBIT 5.136.227.9212.5317.7811.7412.7713.8815.0916.41
EBIT (%)
Depreciation 0.941.111.741.891.801.801.962.132.322.52
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 40.8139.7147.3954.5865.2360.3765.6371.3677.5884.35
Total Cash (%)
Account Receivables ----------
Account Receivables (%)
Inventories 11.1918.4421.2814.6514.9019.7321.4523.3225.3627.57
Inventories (%)
Accounts Payable 29.1135.1040.9939.4639.9045.1849.1353.4158.0763.14
Accounts Payable (%)
Capital Expenditure -2.96-3.41-5.10-3.66-1.10-4.04-4.39-4.78-5.19-5.65
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 264
Beta 0.412
Diluted Shares Outstanding 107.49
Cost of Debt
Tax Rate 26.77
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.824
Total Debt -
Total Equity 28,376.30
Total Capital -
Debt Weighting -
Equity Weighting -
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 97.03111.37126.81128.60134.82146.58159.37173.27188.39204.83
EBITDA 6.077.349.6614.4219.5813.5514.7316.0117.4118.93
EBIT 5.136.227.9212.5317.7811.7412.7713.8815.0916.41
Tax Rate 28.11%29.87%24.01%27.41%26.77%27.23%27.23%27.23%27.23%27.23%
EBIAT 3.694.366.029.0913.028.559.2910.1010.9811.94
Depreciation 0.941.111.741.891.801.801.962.132.322.52
Accounts Receivable ----------
Inventories --7.25-2.846.63-0.25-4.83-1.72-1.87-2.03-2.21
Accounts Payable -5.985.90-1.530.435.293.944.294.665.07
Capital Expenditure -2.96-3.41-5.10-3.65-1.10-4.04-4.39-4.78-5.19-5.65
UFCF 1.680.805.7212.4313.916.769.089.8710.7311.67
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 11.90
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -51.64
Equity Value -
Shares Outstanding 107.49
Equity Value Per Share -