Discounted Cash Flow (DCF) Analysis Levered
Banco BBVA Argentina S.A. (BBAR)
$5.34
+0.10 (+1.91%)
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 | 40,634.93 | 82,652.70 | 107,807 | 159,741.22 | 433,599 | 816,736.35 | 1,538,422.06 | 2,897,804.70 | 5,458,366.91 | 10,281,496.66 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 34,096.60 | 27,208.78 | -10,139.95 | 116,712.11 | 113,021.10 | 337,397.72 | 635,529.57 | 1,197,097.09 | 2,254,877.68 | 4,247,335.83 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -1,742.60 | -2,659.26 | -3,147.27 | -8,042.92 | -16,410 | -31,435.77 | -59,213.10 | -111,535.05 | -210,089.81 | -395,729.67 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 32,354 | 24,549.52 | -13,287.22 | 108,669.19 | 96,611.10 | 305,961.95 | 576,316.47 | 1,085,562.03 | 2,044,787.87 | 3,851,606.16 |
Weighted Average Cost Of Capital
| Share price | $ 5.34 |
|---|---|
| Beta | 1.712 |
| Diluted Shares Outstanding | 204.24 |
| Cost of Debt | |
| Tax Rate | 4.92 |
| After-tax Cost of Debt | 144,320.81% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 12.336 |
| Total Debt | 191 |
| Total Equity | 1,090.62 |
| Total Capital | 1,281.62 |
| Debt Weighting | 14.90 |
| Equity Weighting | 85.10 |
| 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 | 40,634.93 | 82,652.70 | 107,807 | 159,741.22 | 433,599 | 816,736.35 | 1,538,422.06 | 2,897,804.70 | 5,458,366.91 | 10,281,496.66 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 34,096.60 | 27,208.78 | -10,139.95 | 116,712.11 | 113,021.10 | 337,397.72 | 635,529.57 | 1,197,097.09 | 2,254,877.68 | 4,247,335.83 |
| Capital Expenditure | -1,742.60 | -2,659.26 | -3,147.27 | -8,042.92 | -16,410 | -31,435.77 | -59,213.10 | -111,535.05 | -210,089.81 | -395,729.67 |
| Free Cash Flow | 32,354 | 24,549.52 | -13,287.22 | 108,669.19 | 96,611.10 | 305,961.95 | 576,316.47 | 1,085,562.03 | 2,044,787.87 | 3,851,606.16 |
| WACC | ||||||||||
| PV LFCF | 1,415.27 | 12.33 | 0.11 | 0 | 0 | |||||
| SUM PV LFCF | 1,427.71 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 21,518.58 |
| Free cash flow (t + 1) | 3,928,638.29 |
| Terminal Value | 18,258.66 |
| Present Value of Terminal Value | 0 |
Intrinsic Value
| Enterprise Value | 1,427.71 |
|---|---|
| Net Debt | -296,101 |
| Equity Value | 297,528.71 |
| Shares Outstanding | 204.24 |
| Equity Value Per Share | 1,456.78 |