Discounted Cash Flow (DCF) Analysis Levered
ATI Inc. (ATI)
$36.14
-0.06 (-0.17%)
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 | 3,525.10 | 4,046.60 | 4,122.50 | 2,982.10 | 2,799.80 | 2,680.06 | 2,565.45 | 2,455.73 | 2,350.71 | 2,250.18 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 22.40 | 392.80 | 230.10 | 166.90 | 16.10 | 118.44 | 113.37 | 108.52 | 103.88 | 99.44 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -122.70 | -139.20 | -168.20 | -136.50 | -152.60 | -112.72 | -107.89 | -103.28 | -98.86 | -94.64 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -100.30 | 253.60 | 61.90 | 30.40 | -136.50 | 5.72 | 5.48 | 5.24 | 5.02 | 4.80 |
Weighted Average Cost Of Capital
| Share price | $ 36.14 |
|---|---|
| Beta | 1.199 |
| Diluted Shares Outstanding | 126.50 |
| Cost of Debt | |
| Tax Rate | 460.38 |
| After-tax Cost of Debt | -18.96% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.209 |
| Total Debt | 1,842.90 |
| Total Equity | 4,571.71 |
| Total Capital | 6,414.61 |
| Debt Weighting | 28.73 |
| Equity Weighting | 71.27 |
| 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 | 3,525.10 | 4,046.60 | 4,122.50 | 2,982.10 | 2,799.80 | 2,680.06 | 2,565.45 | 2,455.73 | 2,350.71 | 2,250.18 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 22.40 | 392.80 | 230.10 | 166.90 | 16.10 | 118.44 | 113.37 | 108.52 | 103.88 | 99.44 |
| Capital Expenditure | -122.70 | -139.20 | -168.20 | -136.50 | -152.60 | -112.72 | -107.89 | -103.28 | -98.86 | -94.64 |
| Free Cash Flow | -100.30 | 253.60 | 61.90 | 30.40 | -136.50 | 5.72 | 5.48 | 5.24 | 5.02 | 4.80 |
| WACC | ||||||||||
| PV LFCF | 5.66 | 5.36 | 5.07 | 4.80 | 4.54 | |||||
| SUM PV LFCF | 25.42 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 1.12 |
| Free cash flow (t + 1) | 4.90 |
| Terminal Value | -556.72 |
| Present Value of Terminal Value | -526.56 |
Intrinsic Value
| Enterprise Value | -501.14 |
|---|---|
| Net Debt | 1,155.20 |
| Equity Value | -1,656.34 |
| Shares Outstanding | 126.50 |
| Equity Value Per Share | -13.09 |