Discounted Cash Flow (DCF) Analysis Levered
Compañía de Minas Buenaventura S.A.... (BVN)
$9.565
+0.10 (+1.11%)
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 | 1,167.38 | 867.89 | 676.54 | 900.45 | 824.80 | 777.36 | 732.65 | 690.51 | 650.79 | 613.36 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -3.16 | -2.35 | -1.83 | -2.43 | -2.23 | -2.10 | -1.98 | -1.87 | -1.76 | -1.66 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -109.03 | -101.90 | -71.55 | -90.31 | -151.97 | -93.46 | -88.08 | -83.01 | -78.24 | -73.74 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -112.19 | -104.25 | -73.38 | -92.74 | -154.20 | -95.56 | -90.06 | -84.88 | -80 | -75.40 |
Weighted Average Cost Of Capital
| Share price | $ 9.565 |
|---|---|
| Beta | 0.563 |
| Diluted Shares Outstanding | 253.99 |
| Cost of Debt | |
| Tax Rate | 0.03 |
| After-tax Cost of Debt | 7.70% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 6.882 |
| Total Debt | 703.46 |
| Total Equity | 2,429.38 |
| Total Capital | 3,132.85 |
| Debt Weighting | 22.45 |
| Equity Weighting | 77.55 |
| 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 | 1,167.38 | 867.89 | 676.54 | 900.45 | 824.80 | 777.36 | 732.65 | 690.51 | 650.79 | 613.36 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -3.16 | -2.35 | -1.83 | -2.43 | -2.23 | -2.10 | -1.98 | -1.87 | -1.76 | -1.66 |
| Capital Expenditure | -109.03 | -101.90 | -71.55 | -90.31 | -151.97 | -93.46 | -88.08 | -83.01 | -78.24 | -73.74 |
| Free Cash Flow | -112.19 | -104.25 | -73.38 | -92.74 | -154.20 | -95.56 | -90.06 | -84.88 | -80 | -75.40 |
| WACC | ||||||||||
| PV LFCF | -89.25 | -78.56 | -69.15 | -60.87 | -53.58 | |||||
| SUM PV LFCF | -351.41 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 7.07 |
| Free cash flow (t + 1) | -76.90 |
| Terminal Value | -1,516.86 |
| Present Value of Terminal Value | -1,077.97 |
Intrinsic Value
| Enterprise Value | -1,429.38 |
|---|---|
| Net Debt | 449.55 |
| Equity Value | -1,878.93 |
| Shares Outstanding | 253.99 |
| Equity Value Per Share | -7.40 |