Discounted Cash Flow (DCF) Analysis Levered
Amcor plc (AMCR)
$12.385
+0.11 (+0.94%)
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 | 9,092.13 | 9,262.26 | 9,458.20 | 12,467.50 | 12,861 | 14,113.65 | 15,488.31 | 16,996.86 | 18,652.34 | 20,469.06 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | - | - | 776.10 | 1,384.20 | 1,461 | 1,442.79 | 1,583.32 | 1,737.53 | 1,906.76 | 2,092.48 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -378.83 | -369.83 | -332.20 | -399.50 | -468 | -522.63 | -573.53 | -629.39 | -690.70 | -757.97 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -378.83 | -369.83 | 443.90 | 984.70 | 993 | 920.16 | 1,009.79 | 1,108.14 | 1,216.07 | 1,334.51 |
Weighted Average Cost Of Capital
| Share price | $ 12.385 |
|---|---|
| Beta | 0.832 |
| Diluted Shares Outstanding | 1,556 |
| Cost of Debt | |
| Tax Rate | 21.29 |
| After-tax Cost of Debt | 1.79% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 6.693 |
| Total Debt | 6,751 |
| Total Equity | 19,271.06 |
| Total Capital | 26,022.06 |
| Debt Weighting | 25.94 |
| Equity Weighting | 74.06 |
| 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 | 9,092.13 | 9,262.26 | 9,458.20 | 12,467.50 | 12,861 | 14,113.65 | 15,488.31 | 16,996.86 | 18,652.34 | 20,469.06 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | 776.10 | 1,384.20 | 1,461 | 1,442.79 | 1,583.32 | 1,737.53 | 1,906.76 | 2,092.48 |
| Capital Expenditure | -378.83 | -369.83 | -332.20 | -399.50 | -468 | -522.63 | -573.53 | -629.39 | -690.70 | -757.97 |
| Free Cash Flow | -378.83 | -369.83 | 443.90 | 984.70 | 993 | 920.16 | 1,009.79 | 1,108.14 | 1,216.07 | 1,334.51 |
| WACC | ||||||||||
| PV LFCF | 872.85 | 908.62 | 945.85 | 984.61 | 1,024.96 | |||||
| SUM PV LFCF | 4,736.91 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 5.42 |
| Free cash flow (t + 1) | 1,361.20 |
| Terminal Value | 39,801.26 |
| Present Value of Terminal Value | 30,569.04 |
Intrinsic Value
| Enterprise Value | 35,305.95 |
|---|---|
| Net Debt | 5,901 |
| Equity Value | 29,404.95 |
| Shares Outstanding | 1,556 |
| Equity Value Per Share | 18.90 |