Discounted Cash Flow (DCF) Analysis Levered

Cardtronics plc (CATM)

$39.01

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: 14.79 | 39.01 | overvalue

Free Cash Flow

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 1,265.361,507.601,345.241,349.401,0941,065.981,038.681,012.08986.17960.91
Revenue (%)
Operating Cash Flow 270.28217.89334.20204.66282.35216.67211.13205.72200.45195.32
Operating Cash Flow (%)
Capital Expenditure -125.88-144.14-107.20-124.91-91.14-96.08-93.62-91.22-88.88-86.61
Capital Expenditure (%)
Free Cash Flow 144.3973.7522779.75191.21120.60117.51114.50111.57108.71

Weighted Average Cost Of Capital

Share price $ 39.01
Beta 1.868
Diluted Shares Outstanding 45.61
Cost of Debt
Tax Rate 2.27
After-tax Cost of Debt 4.66%
Risk-Free Rate
Market Risk Premium
Cost of Equity 12.508
Total Debt 778.18
Total Equity 1,779.24
Total Capital 2,557.41
Debt Weighting 30.43
Equity Weighting 69.57
Wacc

Build Up Free Cash Flow

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 1,265.361,507.601,345.241,349.401,0941,065.981,038.681,012.08986.17960.91
Operating Cash Flow 270.28217.89334.20204.66282.35216.67211.13205.72200.45195.32
Capital Expenditure -125.88-144.14-107.20-124.91-91.14-96.08-93.62-91.22-88.88-86.61
Free Cash Flow 144.3973.7522779.75191.21120.60117.51114.50111.57108.71
WACC
PV LFCF 67.6359.8452.9546.8541.46
SUM PV LFCF 435.16

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 10.12
Free cash flow (t + 1) 110.88
Terminal Value 1,365.55
Present Value of Terminal Value 843.29

Intrinsic Value

Enterprise Value 1,278.45
Net Debt 603.93
Equity Value 674.51
Shares Outstanding 45.61
Equity Value Per Share 14.79