Discounted Cash Flow Calculation for ENXTPA:ALAVY using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for
is arrived at by discounting future cash flows to their present value using the 2 stage method.
We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
Note: Free cash flow to equity valuations ignore the company's cash or debt.
ENXTPA:ALAVY DCF 1st Stage: Next 10 year cash flow forecast
Amount off the current price
is available for.
Share price is
vs Future cash flow value of
Current Discount Checks
to be considered undervalued it must be available for at least 20% below the
current price. Less than 40% is even better.
AudioValley's share price is below the future cash flow value, and at a moderate discount (> 20%).
AudioValley's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
is considered below, and whether this is a fair price.
Price based on past earnings
AudioValley's earnings available for a low price, and how does
this compare to other companies in the same industry?
AudioValley is not considered high growth as it is expected to be loss making for the next 1-3 years.
AudioValley's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
AudioValley's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Interactive Media and Services
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
has a total score of
0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
Mr. Alexandre Saboundjian serves as Chief Executive Officer at MusicMatic SAS. Mr. Saboundjian serves as Chairman of the board and Chief Executive Officer at Jamendo S.A. He serves as Founder and Chief Executive Officer at Radionomy SA. He is Co-Founder and Chief Executive Officer of AudioValley SA and serves as its Chairman of the board. He has been Director of AudioValley SA since January 20, 2003. After studying accounting, he started his career in the field of FM radio by creating a radio in 1980 when free radio began to dominate the landscape. This radio was then sold to RTL in 1992 when BelRTL was created, a private Belgian general-interest radio station broadcast in French-speaking Belgium. Alexandre then spent nearly 3 years in the RTL group, where he was in charge of the development of special products. Then, in 1995, he created Magic Phone, a platform for the management of interactive services by telephone (quiz, audiotel), which rapidly counted many institutional clients such as Eurosport, TF1, Thalys and Club Méditerranée. He serves as Director of Storever SA. He serves as Managing Director of Storever Germany. He serves as Sole Director of Storever Media Espana SL. He serves as Director of Fluidmatic Ltd. He serves as Administrator of Radionomy Group BV. He serves as Chief Executive Officer of Radionomy Group BV. He serves as Manager of Hotmixmédias limited liability company. He serves as Manager of TargetSpot Belgium SPRL. He serves as Manager of TargetSpot France limited liability company. He serves as Director at TargetSpot Inc. He serves as Chief Executive Officer, President, Treasurer & Secretar there of TargetSpot Inc. He serves as Chairman of the Board at Winamp SA. He serves as Director of de Radionomy Inc. He serves as Chief Executive Officer, Chairman of the Board, Chief Financial Officer and Secretary of Radionomy Inc. He serves as Manager of Shoutcast SPRL. He serves as Manager of TargetSpot Deutschland GMBH. He serves as Directors of Maxximum Group SA and Maxximum SA. He served as Manager of Storever Belgium SPRL. He served as Chairman of Storever France SAS.
Insufficient data for Alexandre to compare compensation growth.
Insufficient data for Alexandre to establish whether their remuneration is reasonable compared to companies of similar size in France.
Chief Financial Officer
Chief Technology Officer
Human Resources Manager
Chief Revenue Officer
Board of Directors
Who owns this company?
Recent Insider Trading
No 3 month open market individual insider trading information.
Can We See Significant Institutional Ownership On The AudioValley SA (EPA:ALAVY) Share Register?
Generally speaking, as a company grows, institutions will increase their ownership. … Conversely, insiders often decrease their ownership over time. … We can zoom in on the different ownership groups, to learn more about ALAVY
With An ROE Of 37%, Has AudioValley SA's (EPA:ALAVY) Management Done Well?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every €1 worth of equity in the company, it was able to earn €0.37. … Return on Equity = Net Profit ÷ Shareholders' Equity
AudioValley SA engages in the digital audio business worldwide. It operates Radionomy, a free platform that allows radio enthusiasts to broadcast, promote, and monetize their radio; Storever, an international agency offering instore solutions for brands covering music services, digital signage, interactive solutions, and audiovisual equipment for retail players; and Jamendo, an independent music community with thousands of artists sharing a catalogue of approximately 500,000 tracks to stream or download for free. The company was founded in 2007 and is headquartered in Anderlecht, Belgium.
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