Discounted Cash Flow (DCF) Analysis Levered
Peabody Energy Corporation (BTU)
$21.59
+0.45 (+2.13%)
All numbers are in Millions, Currency in USD
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 | 5,578.80 | 5,581.80 | 4,623.40 | 2,881.10 | 3,318.30 | 2,989.57 | 2,693.41 | 2,426.59 | 2,186.20 | 1,969.62 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 1,011.20 | 1,489.70 | 677.40 | -9.70 | 420 | 429.22 | 386.70 | 348.39 | 313.88 | 282.78 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -185.10 | -301.40 | -285.30 | -197.50 | -175.70 | -161.67 | -145.65 | -131.22 | -118.22 | -106.51 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 826.10 | 1,188.30 | 392.10 | -207.20 | 244.30 | 267.55 | 241.05 | 217.17 | 195.66 | 176.27 |
Weighted Average Cost Of Capital
Share price | $ 21.59 |
---|---|
Beta | 1.187 |
Diluted Shares Outstanding | 97.80 |
Cost of Debt | |
Tax Rate | 2.73 |
After-tax Cost of Debt | 15.10% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 8.727 |
Total Debt | 1,181.40 |
Total Equity | 2,111.50 |
Total Capital | 3,292.90 |
Debt Weighting | 35.88 |
Equity Weighting | 64.12 |
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 | 5,578.80 | 5,581.80 | 4,623.40 | 2,881.10 | 3,318.30 | 2,989.57 | 2,693.41 | 2,426.59 | 2,186.20 | 1,969.62 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 1,011.20 | 1,489.70 | 677.40 | -9.70 | 420 | 429.22 | 386.70 | 348.39 | 313.88 | 282.78 |
Capital Expenditure | -185.10 | -301.40 | -285.30 | -197.50 | -175.70 | -161.67 | -145.65 | -131.22 | -118.22 | -106.51 |
Free Cash Flow | 826.10 | 1,188.30 | 392.10 | -207.20 | 244.30 | 267.55 | 241.05 | 217.17 | 195.66 | 176.27 |
WACC | ||||||||||
PV LFCF | 241.02 | 195.61 | 158.75 | 128.84 | 104.56 | |||||
SUM PV LFCF | 828.77 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 11.01 |
Free cash flow (t + 1) | 179.80 |
Terminal Value | 1,995.55 |
Present Value of Terminal Value | 1,183.73 |
Intrinsic Value
Enterprise Value | 2,012.50 |
---|---|
Net Debt | 227.10 |
Equity Value | 1,785.40 |
Shares Outstanding | 97.80 |
Equity Value Per Share | 18.26 |