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 |