Discounted Cash Flow (DCF) Analysis Levered

American International Group, Inc. (AIG)

$72.84

-0.05 (-0.07%)
All numbers are in Millions, Currency in USD
Stock DCF: 0.00 | 72.84 | overvalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 49,79243,83951,88556,53947,25147,125.7947,000.9146,876.3646,752.1446,628.25
Revenue (%)
Operating Cash Flow -9281,0386,2794,2076,2433,134.723,126.413,118.133,109.863,101.62
Operating Cash Flow (%)
Capital Expenditure -3,6891,815-746-887-741.28-739.32-737.36-735.41-733.46-731.51
Capital Expenditure (%)
Free Cash Flow -4,6172,8535,5333,3205,501.722,395.402,389.052,382.722,376.412,370.11

Weighted Average Cost Of Capital

Share price $ 72.84
Beta 1.031
Diluted Shares Outstanding 725,233,068
Cost of Debt
Tax Rate 5.57
After-tax Cost of Debt 4.79%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.025
Total Debt 22,387
Total Equity 52,825,976,673.12
Total Capital 52,825,999,060.12
Debt Weighting 0.00
Equity Weighting 100.00
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 49,79243,83951,88556,53947,25147,125.7947,000.9146,876.3646,752.1446,628.25
Operating Cash Flow -9281,0386,2794,2076,2433,134.723,126.413,118.133,109.863,101.62
Capital Expenditure -3,6891,815-746-887-741.28-739.32-737.36-735.41-733.46-731.51
Free Cash Flow -4,6172,8535,5333,3205,501.722,395.402,389.052,382.722,376.412,370.11
WACC
PV LFCF 1,695.091,550.581,418.391,297.471,186.86
SUM PV LFCF 9,265.04

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 9.03
Free cash flow (t + 1) 2,417.51
Terminal Value 34,388.50
Present Value of Terminal Value 22,319.44

Intrinsic Value

Enterprise Value 31,584.48
Net Debt 20,232
Equity Value 11,352.48
Shares Outstanding 725,233,068
Equity Value Per Share 0.00