Discounted Cash Flow (DCF) Analysis Levered

Amcor plc (AMCR)

$12.385

+0.11 (+0.94%)
All numbers are in Millions, Currency in USD
Stock DCF: 18.90 | 12.385 | undervalue

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 9,092.139,262.269,458.2012,467.5012,86114,113.6515,488.3116,996.8618,652.3420,469.06
Revenue (%)
Operating Cash Flow --776.101,384.201,4611,442.791,583.321,737.531,906.762,092.48
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 -378.83-369.83443.90984.70993920.161,009.791,108.141,216.071,334.51

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 9,092.139,262.269,458.2012,467.5012,86114,113.6515,488.3116,996.8618,652.3420,469.06
Operating Cash Flow --776.101,384.201,4611,442.791,583.321,737.531,906.762,092.48
Capital Expenditure -378.83-369.83-332.20-399.50-468-522.63-573.53-629.39-690.70-757.97
Free Cash Flow -378.83-369.83443.90984.70993920.161,009.791,108.141,216.071,334.51
WACC
PV LFCF 872.85908.62945.85984.611,024.96
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