Discounted Cash Flow (DCF) Analysis Levered
Peabody Energy Corporation (BTU)
$20.305
+0.51 (+2.55%)
All numbers are in Millions, Currency in USD
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 | 5,581.80 | 4,623.40 | 2,881.10 | 3,318.30 | 4,981.90 | 5,112.11 | 5,245.72 | 5,382.82 | 5,523.50 | 5,667.87 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 1,489.70 | 677.40 | -9.70 | 420 | 1,173.60 | 789.49 | 810.12 | 831.30 | 853.03 | 875.32 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -301.40 | -285.30 | -197.50 | -175.70 | -224.20 | -288.53 | -296.08 | -303.81 | -311.75 | -319.90 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 1,188.30 | 392.10 | -207.20 | 244.30 | 949.40 | 500.96 | 514.05 | 527.48 | 541.27 | 555.42 |
Weighted Average Cost Of Capital
| Share price | $ 20.305 |
|---|---|
| Beta | 1.023 |
| Diluted Shares Outstanding | 97.80 |
| Cost of Debt | |
| Tax Rate | -1.45 |
| After-tax Cost of Debt | 38.80% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 8.575 |
| Total Debt | 361.60 |
| Total Equity | 1,985.83 |
| Total Capital | 2,347.43 |
| Debt Weighting | 15.40 |
| Equity Weighting | 84.60 |
| 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 | 5,581.80 | 4,623.40 | 2,881.10 | 3,318.30 | 4,981.90 | 5,112.11 | 5,245.72 | 5,382.82 | 5,523.50 | 5,667.87 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 1,489.70 | 677.40 | -9.70 | 420 | 1,173.60 | 789.49 | 810.12 | 831.30 | 853.03 | 875.32 |
| Capital Expenditure | -301.40 | -285.30 | -197.50 | -175.70 | -224.20 | -288.53 | -296.08 | -303.81 | -311.75 | -319.90 |
| Free Cash Flow | 1,188.30 | 392.10 | -207.20 | 244.30 | 949.40 | 500.96 | 514.05 | 527.48 | 541.27 | 555.42 |
| WACC | ||||||||||
| PV LFCF | 442.42 | 400.94 | 363.35 | 329.28 | 298.41 | |||||
| SUM PV LFCF | 1,834.41 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 13.23 |
| Free cash flow (t + 1) | 566.53 |
| Terminal Value | 5,044.76 |
| Present Value of Terminal Value | 2,710.40 |
Intrinsic Value
| Enterprise Value | 4,544.81 |
|---|---|
| Net Debt | -945.70 |
| Equity Value | 5,490.51 |
| Shares Outstanding | 97.80 |
| Equity Value Per Share | 56.14 |