Discounted Cash Flow (DCF) Analysis Levered

Peabody Energy Corporation (BTU)

$21.4

-0.59 (-2.68%)
All numbers are in Millions, Currency in USD
Stock DCF: 18.60 | 21.4 | overvalue

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 5,578.805,581.804,623.402,881.103,318.302,989.572,693.412,426.592,186.201,969.62
Revenue (%)
Operating Cash Flow 1,011.201,489.70677.40-9.70420429.22386.70348.39313.88282.78
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 826.101,188.30392.10-207.20244.30267.55241.05217.17195.66176.27

Weighted Average Cost Of Capital

Share price $ 21.4
Beta 1.200
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 8.450
Total Debt 1,181.40
Total Equity 2,092.92
Total Capital 3,274.32
Debt Weighting 36.08
Equity Weighting 63.92
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 5,578.805,581.804,623.402,881.103,318.302,989.572,693.412,426.592,186.201,969.62
Operating Cash Flow 1,011.201,489.70677.40-9.70420429.22386.70348.39313.88282.78
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 826.101,188.30392.10-207.20244.30267.55241.05217.17195.66176.27
WACC
PV LFCF 241.37196.17159.44129.58105.32
SUM PV LFCF 831.88

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 10.85
Free cash flow (t + 1) 179.80
Terminal Value 2,031.62
Present Value of Terminal Value 1,213.85

Intrinsic Value

Enterprise Value 2,045.73
Net Debt 227.10
Equity Value 1,818.63
Shares Outstanding 97.80
Equity Value Per Share 18.60