Discounted Cash Flow (DCF) Analysis Levered
Babcock & Wilcox Enterprises, Inc. (BW)
$4.29
+0.07 (+1.66%)
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 | 1,062.39 | 859.10 | 566.30 | 723.40 | 889.80 | 884.30 | 878.83 | 873.40 | 868 | 862.63 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | -281.89 | -176.30 | -40.80 | -111.20 | -30.60 | -129.23 | -128.43 | -127.64 | -126.85 | -126.06 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -5.47 | -3.80 | -8.20 | -6.70 | -13.20 | -8.52 | -8.46 | -8.41 | -8.36 | -8.31 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | -287.36 | -180.10 | -49 | -117.90 | -43.80 | -137.75 | -136.90 | -136.05 | -135.21 | -134.37 |
Weighted Average Cost Of Capital
Share price | $ 4.29 |
---|---|
Beta | 1.958 |
Diluted Shares Outstanding | 88.26 |
Cost of Debt | |
Tax Rate | -71.61 |
After-tax Cost of Debt | 10.92% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 13.765 |
Total Debt | 411.90 |
Total Equity | 378.62 |
Total Capital | 790.52 |
Debt Weighting | 52.11 |
Equity Weighting | 47.89 |
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 | 1,062.39 | 859.10 | 566.30 | 723.40 | 889.80 | 884.30 | 878.83 | 873.40 | 868 | 862.63 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | -281.89 | -176.30 | -40.80 | -111.20 | -30.60 | -129.23 | -128.43 | -127.64 | -126.85 | -126.06 |
Capital Expenditure | -5.47 | -3.80 | -8.20 | -6.70 | -13.20 | -8.52 | -8.46 | -8.41 | -8.36 | -8.31 |
Free Cash Flow | -287.36 | -180.10 | -49 | -117.90 | -43.80 | -137.75 | -136.90 | -136.05 | -135.21 | -134.37 |
WACC | ||||||||||
PV LFCF | -122.68 | -108.59 | -96.11 | -85.07 | -75.30 | |||||
SUM PV LFCF | -487.76 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 12.28 |
Free cash flow (t + 1) | -137.06 |
Terminal Value | -1,333.27 |
Present Value of Terminal Value | -747.14 |
Intrinsic Value
Enterprise Value | -1,234.90 |
---|---|
Net Debt | 335.20 |
Equity Value | -1,570.10 |
Shares Outstanding | 88.26 |
Equity Value Per Share | -17.79 |