Discounted Cash Flow (DCF) Analysis Levered

The Liberty Braves Group (BATRK)

$27.73

+0.59 (+2.17%)
All numbers are in Millions, Currency in USD
Stock DCF: 888.83 | 27.73 | undervalue

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 386442476178568821.751,188.861,719.972,488.353,599.99
Revenue (%)
Operating Cash Flow -4210375-556213.4719.4928.1940.7959.01
Operating Cash Flow (%)
Capital Expenditure -219-33-103-81-35-225.99-326.95-473.02-684.34-990.06
Capital Expenditure (%)
Free Cash Flow -26170-28-13627-212.53-307.47-444.83-643.55-931.05

Weighted Average Cost Of Capital

Share price $ 27.73
Beta 0.937
Diluted Shares Outstanding 60
Cost of Debt
Tax Rate -266.67
After-tax Cost of Debt 0.13%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.271
Total Debt 18,590
Total Equity 1,663.80
Total Capital 20,253.80
Debt Weighting 91.79
Equity Weighting 8.21
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 386442476178568821.751,188.861,719.972,488.353,599.99
Operating Cash Flow -4210375-556213.4719.4928.1940.7959.01
Capital Expenditure -219-33-103-81-35-225.99-326.95-473.02-684.34-990.06
Free Cash Flow -26170-28-13627-212.53-307.47-444.83-643.55-931.05
WACC
PV LFCF -211.01-303.09-435.36-625.34-898.24
SUM PV LFCF -2,473.04

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 0.72
Free cash flow (t + 1) -949.67
Terminal Value 74,193.03
Present Value of Terminal Value 71,578.82

Intrinsic Value

Enterprise Value 69,105.78
Net Debt 15,776
Equity Value 53,329.78
Shares Outstanding 60
Equity Value Per Share 888.83