Discounted Cash Flow (DCF) Analysis Levered
Amkor Technology, Inc. (AMKR)
$28.76
+0.27 (+0.95%)
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 | 4,316.47 | 4,052.65 | 5,050.59 | 6,138.33 | 7,091.58 | 8,076.94 | 9,199.21 | 10,477.42 | 11,933.23 | 13,591.32 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 663.41 | 563.85 | 770.03 | 1,121.30 | 1,098.76 | 1,264.68 | 1,440.41 | 1,640.55 | 1,868.50 | 2,128.12 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -547.12 | -472.43 | -553.02 | -779.78 | -908.29 | -982.06 | -1,118.51 | -1,273.92 | -1,450.93 | -1,652.53 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 116.29 | 91.42 | 217.01 | 341.52 | 190.46 | 282.63 | 321.90 | 366.63 | 417.57 | 475.59 |
Weighted Average Cost Of Capital
| Share price | $ 28.76 |
|---|---|
| Beta | 1.936 |
| Diluted Shares Outstanding | 246.21 |
| Cost of Debt | |
| Tax Rate | 10.63 |
| After-tax Cost of Debt | 3.80% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 13.393 |
| Total Debt | 1,379.07 |
| Total Equity | 7,080.86 |
| Total Capital | 8,459.93 |
| Debt Weighting | 16.30 |
| Equity Weighting | 83.70 |
| 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 | 4,316.47 | 4,052.65 | 5,050.59 | 6,138.33 | 7,091.58 | 8,076.94 | 9,199.21 | 10,477.42 | 11,933.23 | 13,591.32 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 663.41 | 563.85 | 770.03 | 1,121.30 | 1,098.76 | 1,264.68 | 1,440.41 | 1,640.55 | 1,868.50 | 2,128.12 |
| Capital Expenditure | -547.12 | -472.43 | -553.02 | -779.78 | -908.29 | -982.06 | -1,118.51 | -1,273.92 | -1,450.93 | -1,652.53 |
| Free Cash Flow | 116.29 | 91.42 | 217.01 | 341.52 | 190.46 | 282.63 | 321.90 | 366.63 | 417.57 | 475.59 |
| WACC | ||||||||||
| PV LFCF | 144.50 | 147.17 | 149.88 | 152.65 | 155.47 | |||||
| SUM PV LFCF | 1,311.18 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 11.83 |
| Free cash flow (t + 1) | 485.10 |
| Terminal Value | 4,934.88 |
| Present Value of Terminal Value | 2,821.53 |
Intrinsic Value
| Enterprise Value | 4,132.71 |
|---|---|
| Net Debt | 420 |
| Equity Value | 3,712.71 |
| Shares Outstanding | 246.21 |
| Equity Value Per Share | 15.08 |