Discounted Cash Flow (DCF) Analysis Levered
Arconic Corporation (ARNC)
$29.99
+0.01 (+0.03%)
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 | 7,442 | 7,277 | 5,675 | 7,504 | 8,961 | 9,575.13 | 10,231.36 | 10,932.56 | 11,681.81 | 12,482.41 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 503 | 457 | 6 | -407 | 338 | 220.09 | 235.17 | 251.29 | 268.51 | 286.92 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -317 | -201 | -163 | -184 | -245 | -288.79 | -308.58 | -329.73 | -352.33 | -376.47 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 186 | 256 | -157 | -591 | 93 | -68.70 | -73.40 | -78.44 | -83.81 | -89.55 |
Weighted Average Cost Of Capital
| Share price | $ 29.99 |
|---|---|
| Beta | 1.812 |
| Diluted Shares Outstanding | 103.60 |
| Cost of Debt | |
| Tax Rate | 5.73 |
| After-tax Cost of Debt | 5.72% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 12.664 |
| Total Debt | 1,714 |
| Total Equity | 3,106.96 |
| Total Capital | 4,820.96 |
| Debt Weighting | 35.55 |
| Equity Weighting | 64.45 |
| 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 | 7,442 | 7,277 | 5,675 | 7,504 | 8,961 | 9,575.13 | 10,231.36 | 10,932.56 | 11,681.81 | 12,482.41 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 503 | 457 | 6 | -407 | 338 | 220.09 | 235.17 | 251.29 | 268.51 | 286.92 |
| Capital Expenditure | -317 | -201 | -163 | -184 | -245 | -288.79 | -308.58 | -329.73 | -352.33 | -376.47 |
| Free Cash Flow | 186 | 256 | -157 | -591 | 93 | -68.70 | -73.40 | -78.44 | -83.81 | -89.55 |
| WACC | ||||||||||
| PV LFCF | -62.34 | -60.44 | -58.61 | -56.83 | -55.10 | |||||
| SUM PV LFCF | -293.32 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 10.20 |
| Free cash flow (t + 1) | -91.35 |
| Terminal Value | -1,113.97 |
| Present Value of Terminal Value | -685.43 |
Intrinsic Value
| Enterprise Value | -978.76 |
|---|---|
| Net Debt | 1,453 |
| Equity Value | -2,431.76 |
| Shares Outstanding | 103.60 |
| Equity Value Per Share | -23.47 |