Discounted Cash Flow (DCF) Analysis Levered
Booz Allen Hamilton Holding Corpora... (BAH)
$96.3817
-0.52 (-0.53%)
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 | 6,171.85 | 6,704.04 | 7,463.84 | 7,858.94 | 8,363.70 | 9,025.95 | 9,740.64 | 10,511.91 | 11,344.26 | 12,242.51 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 369.14 | 499.61 | 551.43 | 718.68 | 736.53 | 699.92 | 755.34 | 815.15 | 879.69 | 949.34 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -78.44 | -94.68 | -128.08 | -87.21 | -79.96 | -116.70 | -125.95 | -135.92 | -146.68 | -158.29 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 290.71 | 404.93 | 423.35 | 631.47 | 656.56 | 583.21 | 629.39 | 679.23 | 733.01 | 791.05 |
Weighted Average Cost Of Capital
| Share price | $ 96.3,817 |
|---|---|
| Beta | 0.607 |
| Diluted Shares Outstanding | 134.85 |
| Cost of Debt | |
| Tax Rate | 22.78 |
| After-tax Cost of Debt | 1.75% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 6.504 |
| Total Debt | 3,099.48 |
| Total Equity | 12,997.15 |
| Total Capital | 16,096.63 |
| Debt Weighting | 19.26 |
| Equity Weighting | 80.74 |
| 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 | 6,171.85 | 6,704.04 | 7,463.84 | 7,858.94 | 8,363.70 | 9,025.95 | 9,740.64 | 10,511.91 | 11,344.26 | 12,242.51 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 369.14 | 499.61 | 551.43 | 718.68 | 736.53 | 699.92 | 755.34 | 815.15 | 879.69 | 949.34 |
| Capital Expenditure | -78.44 | -94.68 | -128.08 | -87.21 | -79.96 | -116.70 | -125.95 | -135.92 | -146.68 | -158.29 |
| Free Cash Flow | 290.71 | 404.93 | 423.35 | 631.47 | 656.56 | 583.21 | 629.39 | 679.23 | 733.01 | 791.05 |
| WACC | ||||||||||
| PV LFCF | 552.34 | 564.51 | 576.96 | 589.68 | 602.68 | |||||
| SUM PV LFCF | 2,886.18 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 5.59 |
| Free cash flow (t + 1) | 806.87 |
| Terminal Value | 22,475.52 |
| Present Value of Terminal Value | 17,123.63 |
Intrinsic Value
| Enterprise Value | 20,009.81 |
|---|---|
| Net Debt | 2,403.57 |
| Equity Value | 17,606.25 |
| Shares Outstanding | 134.85 |
| Equity Value Per Share | 130.56 |