Discounted Cash Flow (DCF) Analysis Levered

Assured Guaranty Ltd. (AGO)

$62.27

-0.09 (-0.14%)
All numbers are in Millions, Currency in USD
Stock DCF: -68.74 | 62.27 | overvalue

Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 1,6519889211,084698584.84490.02410.58344.01288.24
Revenue (%)
Operating Cash Flow 433462-509-853-1,937-395.91-331.72-277.94-232.88-195.12
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow ------395.91-331.72-277.94-232.88-195.12

Weighted Average Cost Of Capital

Share price $ 62.27
Beta 1.146
Diluted Shares Outstanding 74.30
Cost of Debt
Tax Rate 18.45
After-tax Cost of Debt 4.24%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.048
Total Debt 1,673
Total Equity 4,626.66
Total Capital 6,299.66
Debt Weighting 26.56
Equity Weighting 73.44
Wacc

Build Up Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 1,6519889211,084698584.84490.02410.58344.01288.24
Operating Cash Flow 433462-509-853-1,937-395.91-331.72-277.94-232.88-195.12
Capital Expenditure ----------
Free Cash Flow ------395.91-331.72-277.94-232.88-195.12
WACC
PV LFCF -367.36-285.61-222.05-172.64-134.22
SUM PV LFCF -1,181.89

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 7.77
Free cash flow (t + 1) -199.03
Terminal Value -3,449.34
Present Value of Terminal Value -2,372.72

Intrinsic Value

Enterprise Value -3,554.61
Net Debt 1,553
Equity Value -5,107.61
Shares Outstanding 74.30
Equity Value Per Share -68.74