Discounted Cash Flow (DCF) Analysis Levered
Bunge Limited (BG)
$92.81
+1.63 (+1.79%)
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 | 45,743 | 41,140 | 41,404 | 59,152 | 67,232 | 75,149.26 | 83,998.86 | 93,890.59 | 104,947.17 | 117,305.78 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | -1,264 | -808 | -3,536 | -2,894 | -5,549 | -3,969.91 | -4,437.41 | -4,959.96 | -5,544.05 | -6,196.92 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -493 | -524 | -365 | -399 | -555 | -711.37 | -795.14 | -888.78 | -993.44 | -1,110.43 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | -1,757 | -1,332 | -3,901 | -3,293 | -6,104 | -4,681.28 | -5,232.55 | -5,848.74 | -6,537.49 | -7,307.35 |
Weighted Average Cost Of Capital
Share price | $ 92.81 |
---|---|
Beta | 0.650 |
Diluted Shares Outstanding | 150 |
Cost of Debt | |
Tax Rate | 22.07 |
After-tax Cost of Debt | 5.59% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 6.818 |
Total Debt | 5,623 |
Total Equity | 13,921.50 |
Total Capital | 19,544.50 |
Debt Weighting | 28.77 |
Equity Weighting | 71.23 |
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 | 45,743 | 41,140 | 41,404 | 59,152 | 67,232 | 75,149.26 | 83,998.86 | 93,890.59 | 104,947.17 | 117,305.78 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | -1,264 | -808 | -3,536 | -2,894 | -5,549 | -3,969.91 | -4,437.41 | -4,959.96 | -5,544.05 | -6,196.92 |
Capital Expenditure | -493 | -524 | -365 | -399 | -555 | -711.37 | -795.14 | -888.78 | -993.44 | -1,110.43 |
Free Cash Flow | -1,757 | -1,332 | -3,901 | -3,293 | -6,104 | -4,681.28 | -5,232.55 | -5,848.74 | -6,537.49 | -7,307.35 |
WACC | ||||||||||
PV LFCF | -4,397.22 | -4,616.80 | -4,847.33 | -5,089.38 | -5,343.52 | |||||
SUM PV LFCF | -24,294.25 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 6.46 |
Free cash flow (t + 1) | -7,453.49 |
Terminal Value | -167,118.66 |
Present Value of Terminal Value | -122,206.03 |
Intrinsic Value
Enterprise Value | -146,500.28 |
---|---|
Net Debt | 4,519 |
Equity Value | -151,019.28 |
Shares Outstanding | 150 |
Equity Value Per Share | -1,006.80 |