Discounted Cash Flow (DCF) Analysis Levered

Chubb Limited (CB)

$208.1035

+0.12 (+0.06%)
All numbers are in Millions, Currency in USD
Stock DCF: 571.99 | 208.1035 | undervalue

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 32,24332,71734,18635,99440,96343,528.7146,255.1249,152.2952,230.9455,502.41
Revenue (%)
Operating Cash Flow 4,5035,4806,3429,78511,1499,025.189,590.4710,191.1710,829.4911,507.79
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----9,025.189,590.4710,191.1710,829.4911,507.79

Weighted Average Cost Of Capital

Share price $ 208.1,035
Beta 0.766
Diluted Shares Outstanding 453.40
Cost of Debt
Tax Rate 13.01
After-tax Cost of Debt 2.64%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.374
Total Debt 16,168
Total Equity 94,354.13
Total Capital 110,522.13
Debt Weighting 14.63
Equity Weighting 85.37
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 32,24332,71734,18635,99440,96343,528.7146,255.1249,152.2952,230.9455,502.41
Operating Cash Flow 4,5035,4806,3429,78511,1499,025.189,590.4710,191.1710,829.4911,507.79
Capital Expenditure ----------
Free Cash Flow -----9,025.189,590.4710,191.1710,829.4911,507.79
WACC
PV LFCF 8,5288,562.938,5988,633.228,668.58
SUM PV LFCF 42,990.74

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.83
Free cash flow (t + 1) 11,737.95
Terminal Value 306,473.85
Present Value of Terminal Value 230,860.40

Intrinsic Value

Enterprise Value 273,851.14
Net Debt 14,509
Equity Value 259,342.14
Shares Outstanding 453.40
Equity Value Per Share 571.99