Discounted Cash Flow (DCF) Analysis Levered

Brady Corporation (BRC)

$49.65

-0.32 (-0.64%)
All numbers are in Millions, Currency in USD
Stock DCF: 60.03 | 49.65 | 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 1,113.321,173.851,160.641,081.301,144.701,154.251,163.891,173.611,183.401,193.28
Revenue (%)
Operating Cash Flow 144.03143.04162.21140.98205.66161.83163.19164.55165.92167.31
Operating Cash Flow (%)
Capital Expenditure -15.17-21.78-32.83-27.28-27.19-25.26-25.47-25.69-25.90-26.12
Capital Expenditure (%)
Free Cash Flow 128.86121.26129.39113.70178.48136.57137.71138.86140.02141.19

Weighted Average Cost Of Capital

Share price $ 49.65
Beta 0.734
Diluted Shares Outstanding 52.41
Cost of Debt
Tax Rate 24.19
After-tax Cost of Debt 0.39%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.439
Total Debt 84.01
Total Equity 2,602.11
Total Capital 2,686.12
Debt Weighting 3.13
Equity Weighting 96.87
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 1,113.321,173.851,160.641,081.301,144.701,154.251,163.891,173.611,183.401,193.28
Operating Cash Flow 144.03143.04162.21140.98205.66161.83163.19164.55165.92167.31
Capital Expenditure -15.17-21.78-32.83-27.28-27.19-25.26-25.47-25.69-25.90-26.12
Free Cash Flow 128.86121.26129.39113.70178.48136.57137.71138.86140.02141.19
WACC
PV LFCF 128.54121.99115.77109.87104.27
SUM PV LFCF 580.43

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.25
Free cash flow (t + 1) 144.01
Terminal Value 3,388.53
Present Value of Terminal Value 2,502.46

Intrinsic Value

Enterprise Value 3,082.89
Net Debt -63.32
Equity Value 3,146.21
Shares Outstanding 52.41
Equity Value Per Share 60.03