Discounted Cash Flow (DCF) Analysis Levered

Brady Corporation (BRC)

$41.26

-0.64 (-1.53%)
All numbers are in Millions, Currency in USD
Stock DCF: 58.53 | 41.26 | undervalue

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 1,173.851,160.651,081.301,144.701,302.061,339.981,379.011,419.171,460.501,503.03
Revenue (%)
Operating Cash Flow 143.04162.21140.98205.66118.45177.58182.75188.08193.55199.19
Operating Cash Flow (%)
Capital Expenditure -21.78-32.83-27.28-27.19-43.14-34.56-35.56-36.60-37.66-38.76
Capital Expenditure (%)
Free Cash Flow 121.26129.39113.70178.4875.31143.03147.19151.48155.89160.43

Weighted Average Cost Of Capital

Share price $ 41.26
Beta 0.733
Diluted Shares Outstanding 51.65
Cost of Debt
Tax Rate 21.88
After-tax Cost of Debt 0.77%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.224
Total Debt 129.15
Total Equity 2,131.12
Total Capital 2,260.27
Debt Weighting 5.71
Equity Weighting 94.29
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 1,173.851,160.651,081.301,144.701,302.061,339.981,379.011,419.171,460.501,503.03
Operating Cash Flow 143.04162.21140.98205.66118.45177.58182.75188.08193.55199.19
Capital Expenditure -21.78-32.83-27.28-27.19-43.14-34.56-35.56-36.60-37.66-38.76
Free Cash Flow 121.26129.39113.70178.4875.31143.03147.19151.48155.89160.43
WACC
PV LFCF 133.85128.90124.14119.55115.14
SUM PV LFCF 621.57

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.86
Free cash flow (t + 1) 163.64
Terminal Value 3,367.05
Present Value of Terminal Value 2,416.43

Intrinsic Value

Enterprise Value 3,038
Net Debt 15.08
Equity Value 3,022.92
Shares Outstanding 51.65
Equity Value Per Share 58.53