Discounted Cash Flow (DCF) Analysis Levered
American International Group, Inc. (AIG)
$60.28
+1.64 (+2.80%)
All numbers are in Millions, Currency in USD
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 | 49,930 | 47,481 | 49,792 | 43,839 | 51,885 | 52,709.99 | 53,548.09 | 54,399.53 | 55,264.50 | 56,143.22 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | -8,585 | 61 | -928 | 1,038 | 6,279 | -470.16 | -477.63 | -485.23 | -492.94 | -500.78 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | - | - | - | - | - | -470.16 | -477.63 | -485.23 | -492.94 | -500.78 |
Weighted Average Cost Of Capital
Share price | $ 60.28 |
---|---|
Beta | 1.297 |
Diluted Shares Outstanding | 869.31 |
Cost of Debt | |
Tax Rate | 22.41 |
After-tax Cost of Debt | 3.36% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 9.090 |
Total Debt | 30,163 |
Total Equity | 52,401.97 |
Total Capital | 82,564.97 |
Debt Weighting | 36.53 |
Equity Weighting | 63.47 |
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 | 49,930 | 47,481 | 49,792 | 43,839 | 51,885 | 52,709.99 | 53,548.09 | 54,399.53 | 55,264.50 | 56,143.22 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | -8,585 | 61 | -928 | 1,038 | 6,279 | -470.16 | -477.63 | -485.23 | -492.94 | -500.78 |
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow | - | - | - | - | - | -470.16 | -477.63 | -485.23 | -492.94 | -500.78 |
WACC | ||||||||||
PV LFCF | -383.79 | -364.38 | -345.96 | -328.47 | -311.86 | |||||
SUM PV LFCF | -1,985.78 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 7.00 |
Free cash flow (t + 1) | -510.79 |
Terminal Value | -10,215.89 |
Present Value of Terminal Value | -7,283.79 |
Intrinsic Value
Enterprise Value | -9,269.57 |
---|---|
Net Debt | 27,965 |
Equity Value | -37,234.57 |
Shares Outstanding | 869.31 |
Equity Value Per Share | -42.83 |