DIGI.RO · BVB · Financial statements
Digi Communications: cash-flow calculator
A discounted cash flow model turns assumptions about future free cash flow into a single amount today. Here the assumptions are yours: the page shows what they add up to, and, the other way round, what yearly growth a share price takes for granted.
- Free cash flow
- 80.1M EUR
- FY 2025
- 5-year average
- -11.9M EUR
- FY 2021–2025
- Net debt
- 1.7B EUR
- FY 2025
Read the result with care
- Free cash flow was zero or negative in 2 of the last 5 years, so the latest year may not be a fair starting point.
Your assumptions
money in EURGrowth usually slows as a company gets bigger.
For ever, so it is usually kept at or below long-run growth of the economy, often 0–3%.
The yearly return you require: a risk-free rate plus a premium for risk. Higher means later cash counts for less.
From the FY 2025 balance sheet. Negative means more cash than debt.
Not on file: type the number of shares.
The stored closes are in RON while the company reports in EUR. Type the share price in EUR.
Enter the number of shares to get a value per share.
What the price implies
Enter a share price to see the growth it implies.
- Your assumption, years 1–55.0%
- Free cash flow, FY 2022–202562.5%
- Revenue, FY 2022–202514.1%
Sensitivity: value per share
Rows: terminal growth. Columns: discount rate. Other assumptions as entered, values in EUR.
| g \ r | 7% | 8% | 9% | 10% | 11% |
|---|---|---|---|---|---|
| 1.0% | — | — | — | — | — |
| 1.5% | — | — | — | — | — |
| 2.0% | — | — | — | — | — |
| 2.5% | — | — | — | — | — |
| 3.0% | — | — | — | — | — |
“—”: terminal growth at or above the discount rate has no finite answer.
Multiples are not shown: prices are in RON and the figures in EUR.
Where the starting figures come from
Operating cash flow and free cash flow
| FY | Revenue | Op. cash flow | Capex | Free cash flow |
|---|---|---|---|---|
| 2025 | 2.2B EUR | 598M EUR | 518M EUR | 80.1M EUR |
| 2024 | 1.9B EUR | 495M EUR | 620M EUR | -126M EUR |
| 2023 | 1.7B EUR | 461M EUR | 553M EUR | -91.3M EUR |
| 2022 | 1.5B EUR | 427M EUR | 409M EUR | 18.7M EUR |
| 2021 | 1.3B EUR | 405M EUR | 346M EUR | 58.9M EUR |
Free cash flow = operating cash flow − capital expenditure. Source: Bucharest Stock Exchange (ESEF), annual reports.
How it works: free cash flow (operating cash flow minus capital expenditure) grows at your stage 1 rate for years 1–5 and your stage 2 rate for years 6–10; after that, a terminal value assumes your terminal growth for ever. Each year is discounted at your rate, net debt (financial debt minus cash, latest balance sheet) is subtracted and the total is divided by diluted shares. The reverse calculation finds, by bisection, the stage 1 growth at which this equals the share price. Operating cash flow is after interest, so subtracting net debt as well is a simplification you can switch off.
The output is arithmetic on your inputs. It is not an EdgeScore estimate of what the shares are worth and not a price target. Figures: Bucharest Stock Exchange (ESEF), annual reports, with the fiscal year shown next to each one.
For information and education only, not investment advice. Data may contain errors.