Discounted Cash Flow (DCF) Analysis Levered

Alamos Gold Inc. (AGI.TO)

$15.77

-0.15 (-0.94%)
All numbers are in Millions, Currency in USD
Stock DCF: 0.76 | 15.77 | overvalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 651.80683.10748.10823.60821.20870.71923.22978.881,037.901,100.49
Revenue (%)
Operating Cash Flow 213.90260.40368.40356.50298.50347.97368.95391.19414.78439.79
Operating Cash Flow (%)
Capital Expenditure -221.50-263.60-300.90-364.30-313.70-339.97-360.47-382.21-405.25-429.69
Capital Expenditure (%)
Free Cash Flow -7.60-3.2067.50-7.80-15.207.998.488.999.5310.10

Weighted Average Cost Of Capital

Share price $ 15.77
Beta 0.985
Diluted Shares Outstanding 394.51
Cost of Debt
Tax Rate 63.77
After-tax Cost of Debt 516.28%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.937
Total Debt 0.40
Total Equity 6,221.39
Total Capital 6,221.79
Debt Weighting 0.01
Equity Weighting 99.99
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 651.80683.10748.10823.60821.20870.71923.22978.881,037.901,100.49
Operating Cash Flow 213.90260.40368.40356.50298.50347.97368.95391.19414.78439.79
Capital Expenditure -221.50-263.60-300.90-364.30-313.70-339.97-360.47-382.21-405.25-429.69
Free Cash Flow -7.60-3.2067.50-7.80-15.207.998.488.999.5310.10
WACC
PV LFCF 7.347.146.956.766.58
SUM PV LFCF 34.75

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 8.97
Free cash flow (t + 1) 10.51
Terminal Value 211.42
Present Value of Terminal Value 137.60

Intrinsic Value

Enterprise Value 172.35
Net Debt -129.40
Equity Value 301.75
Shares Outstanding 394.51
Equity Value Per Share 0.76