Discounted Cash Flow (DCF) Analysis Levered
Athene Holding Ltd. (ATH)
$83.33
-0.58 (-0.69%)
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 | 8,727 | 6,543 | 16,258 | 14,833 | 26,320 | 38,962.21 | 57,676.80 | 85,380.53 | 126,391.10 | 187,100.15 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 3,170 | 2,874 | 2,656 | 4,154 | 8,198.06 | 12,135.81 | 17,964.96 | 26,594.02 | 39,367.84 | 58,277.28 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | - | - | - | - | 8,198.06 | 12,135.81 | 17,964.96 | 26,594.02 | 39,367.84 | 58,277.28 |
Weighted Average Cost Of Capital
Share price | $ 83.33 |
---|---|
Beta | 1.699 |
Diluted Shares Outstanding | 184.90 |
Cost of Debt | |
Tax Rate | 7.81 |
After-tax Cost of Debt | -% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 11.803 |
Total Debt | 2,964 |
Total Equity | 15,407.72 |
Total Capital | 18,371.72 |
Debt Weighting | 16.13 |
Equity Weighting | 83.87 |
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 | 8,727 | 6,543 | 16,258 | 14,833 | 26,320 | 38,962.21 | 57,676.80 | 85,380.53 | 126,391.10 | 187,100.15 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 3,170 | 2,874 | 2,656 | 4,154 | 8,198.06 | 12,135.81 | 17,964.96 | 26,594.02 | 39,367.84 | 58,277.28 |
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow | - | - | - | - | 8,198.06 | 12,135.81 | 17,964.96 | 26,594.02 | 39,367.84 | 58,277.28 |
WACC | ||||||||||
PV LFCF | - | - | - | - | - | |||||
SUM PV LFCF | - |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | - |
Free cash flow (t + 1) | 59,442.82 |
Terminal Value | - |
Present Value of Terminal Value | - |
Intrinsic Value
Enterprise Value | - |
---|---|
Net Debt | -6,669 |
Equity Value | - |
Shares Outstanding | 184.90 |
Equity Value Per Share | - |