Discounted Cash Flow (DCF) Analysis Levered
American International Group, Inc. (AIG)
$56.61
-0.02 (-0.04%)
All numbers are in Millions, Currency in USD
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 | 47,481 | 49,792 | 43,839 | 51,885 | 56,437 | 59,264.25 | 62,233.12 | 65,350.73 | 68,624.52 | 72,062.30 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 61 | -928 | 1,038 | 6,279 | 4,207 | 2,392.92 | 2,512.79 | 2,638.67 | 2,770.86 | 2,909.67 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | - | - | - | - | - | 2,392.92 | 2,512.79 | 2,638.67 | 2,770.86 | 2,909.67 |
Weighted Average Cost Of Capital
Share price | $ 56.61 |
---|---|
Beta | 1.130 |
Diluted Shares Outstanding | 787.94 |
Cost of Debt | |
Tax Rate | 28.25 |
After-tax Cost of Debt | 1.89% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 9.088 |
Total Debt | 42,598 |
Total Equity | 44,605.38 |
Total Capital | 87,203.38 |
Debt Weighting | 48.85 |
Equity Weighting | 51.15 |
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 | 47,481 | 49,792 | 43,839 | 51,885 | 56,437 | 59,264.25 | 62,233.12 | 65,350.73 | 68,624.52 | 72,062.30 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 61 | -928 | 1,038 | 6,279 | 4,207 | 2,392.92 | 2,512.79 | 2,638.67 | 2,770.86 | 2,909.67 |
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow | - | - | - | - | - | 2,392.92 | 2,512.79 | 2,638.67 | 2,770.86 | 2,909.67 |
WACC | ||||||||||
PV LFCF | 2,266.67 | 2,254.63 | 2,242.66 | 2,230.76 | 2,218.92 | |||||
SUM PV LFCF | 11,213.64 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 5.57 |
Free cash flow (t + 1) | 2,967.86 |
Terminal Value | 83,133.40 |
Present Value of Terminal Value | 63,397.62 |
Intrinsic Value
Enterprise Value | 74,611.26 |
---|---|
Net Debt | 30,222 |
Equity Value | 44,389.26 |
Shares Outstanding | 787.94 |
Equity Value Per Share | 56.34 |