Discounted Cash Flow (DCF) Analysis Unlevered

TINC NV (TINC.BR)

12.36 €

+0.06 (+0.49%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 12.36 | 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 20.2121.7619.0832.3826.2729.3032.6836.4540.6645.35
Revenue (%)
EBITDA 1721.0218.6732.1925.7927.9031.1234.7138.7243.18
EBITDA (%)
EBIT -----27.9031.1234.7138.7243.18
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 75.7161.73103.2760.2648.4492102.61114.45127.66142.39
Total Cash (%)
Account Receivables 2.440.390.120.060.060.870.981.091.211.35
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 0.600.500.630.880.720.820.921.021.141.27
Accounts Payable (%)
Capital Expenditure ----------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 12.36
Beta 0.213
Diluted Shares Outstanding 36.36
Cost of Debt
Tax Rate 2.47
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 4.708
Total Debt -
Total Equity 449.45
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 20.2121.7619.0832.3826.2729.3032.6836.4540.6645.35
EBITDA 1721.0218.6732.1925.7927.9031.1234.7138.7243.18
EBIT -----27.9031.1234.7138.7243.18
Tax Rate -14.18%3.61%3.80%3.19%2.47%-0.22%-0.22%-0.22%-0.22%-0.22%
EBIAT -----27.9631.1934.7938.8043.28
Depreciation ----------
Accounts Receivable -2.050.270.060.01-0.82-0.10-0.11-0.13-0.14
Inventories ----------
Accounts Payable --0.100.130.24-0.160.100.090.110.120.13
Capital Expenditure ----------
UFCF -----27.2531.1834.7838.7943.27
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 44.14
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -48.44
Equity Value -
Shares Outstanding 36.36
Equity Value Per Share -