Discounted Cash Flow (DCF) Analysis Unlevered

TINC NV (TINC.BR)

11.4 €

+0.10 (+0.89%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 11.4 | 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 21.7619.0832.3826.2744.0555.7470.5489.27112.97142.96
Revenue (%)
EBITDA 21.0218.5532.1025.7936.8852.9466.9984.77107.28135.76
EBITDA (%)
EBIT 21.0218.5532.0925.7836.8852.9366.9884.77107.27135.75
EBIT (%)
Depreciation --0000.010.010.010.010.01
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 61.73103.2760.2648.4438.89143.11181.10229.18290.02367.02
Total Cash (%)
Account Receivables 0.390.120.060.061.030.580.730.931.181.49
Account Receivables (%)
Inventories --060.6848.7854.7969.3387.74111.03140.50177.81
Inventories (%)
Accounts Payable 0.500.630.880.721.221.541.952.473.123.95
Accounts Payable (%)
Capital Expenditure 17.5066.8969.7656.6094.91120.10151.99192.34243.40308.01
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 11.4
Beta 0.212
Diluted Shares Outstanding 36.36
Cost of Debt
Tax Rate 0.72
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.286
Total Debt -
Total Equity 414.55
Total Capital -
Debt Weighting -
Equity Weighting -
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 21.7619.0832.3826.2744.0555.7470.5489.27112.97142.96
EBITDA 21.0218.5532.1025.7936.8852.9466.9984.77107.28135.76
EBIT 21.0218.5532.0925.7836.8852.9366.9884.77107.27135.75
Tax Rate 3.61%3.80%3.19%2.47%0.72%2.76%2.76%2.76%2.76%2.76%
EBIAT 20.2617.8431.0725.1536.6151.4765.1482.43104.31132.01
Depreciation --0000.010.010.010.010.01
Accounts Receivable -0.270.060.01-0.970.45-0.15-0.19-0.25-0.31
Inventories ---60.6811.90-6.01-14.54-18.41-23.29-29.48-37.30
Accounts Payable -0.130.24-0.160.500.320.410.520.660.83
Capital Expenditure 17.5066.8969.7656.6094.91120.10151.99192.34243.40308.01
UFCF 37.7685.1440.4593.50125.04157.81198.98251.80318.65403.25
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 411.32
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -38.89
Equity Value -
Shares Outstanding 36.36
Equity Value Per Share -