Discounted Cash Flow (DCF) Analysis Levered
Embotelladora Andina S.A. (AKO-A)
$12.4271
-0.67 (-5.14%)
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 | 1,672,915.80 | 1,779,025.12 | 1,698,281.23 | 2,216,732.60 | 2,656,878 | 3,003,518.99 | 3,395,385.98 | 3,838,379.57 | 4,339,170.23 | 4,905,298.69 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | - | - | - | - | - | - | - | - | - | - |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -121,063.28 | -111,131.57 | -86,082.85 | -144,027.30 | -166,383.88 | -188,091.86 | -212,632.07 | -240,374.03 | -271,735.46 | -307,188.59 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | - | - | - | - | -166,383.88 | -188,091.86 | -212,632.07 | -240,374.03 | -271,735.46 | -307,188.59 |
Weighted Average Cost Of Capital
| Share price | $ 12.4,271 |
|---|---|
| Beta | 0.330 |
| Diluted Shares Outstanding | 157.77 |
| Cost of Debt | |
| Tax Rate | 46.09 |
| After-tax Cost of Debt | -0.95% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 5.088 |
| Total Debt | 1,118,191 |
| Total Equity | 1,960.58 |
| Total Capital | 1,120,151.58 |
| Debt Weighting | 99.82 |
| Equity Weighting | 0.18 |
| 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 | 1,672,915.80 | 1,779,025.12 | 1,698,281.23 | 2,216,732.60 | 2,656,878 | 3,003,518.99 | 3,395,385.98 | 3,838,379.57 | 4,339,170.23 | 4,905,298.69 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure | -121,063.28 | -111,131.57 | -86,082.85 | -144,027.30 | -166,383.88 | -188,091.86 | -212,632.07 | -240,374.03 | -271,735.46 | -307,188.59 |
| Free Cash Flow | - | - | - | - | -166,383.88 | -188,091.86 | -212,632.07 | -240,374.03 | -271,735.46 | -307,188.59 |
| WACC | ||||||||||
| PV LFCF | -189,876.70 | -216,686.64 | -247,282.04 | -282,197.41 | -322,042.70 | |||||
| SUM PV LFCF | -1,258,085.49 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | -0.94 |
| Free cash flow (t + 1) | -313,332.36 |
| Terminal Value | 10,657,563.37 |
| Present Value of Terminal Value | 11,172,910.13 |
Intrinsic Value
| Enterprise Value | 9,914,824.64 |
|---|---|
| Net Debt | 1,118,191 |
| Equity Value | 8,796,633.64 |
| Shares Outstanding | 157.77 |
| Equity Value Per Share | 55,757.24 |