Discounted Cash Flow (DCF) Analysis Levered
Chubb Limited (CB)
$192.59
+0.97 (+0.51%)
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 | 32,717 | 34,186 | 36,052 | 40,955 | 43,124 | 46,233.70 | 49,567.64 | 53,141.99 | 56,974.10 | 61,082.53 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 5,480 | 6,342 | 9,785 | 11,149 | 11,243 | 10,701.84 | 11,473.56 | 12,300.93 | 13,187.95 | 14,138.95 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | - | - | - | - | - | 10,701.84 | 11,473.56 | 12,300.93 | 13,187.95 | 14,138.95 |
Weighted Average Cost Of Capital
Share price | $ 192.59 |
---|---|
Beta | 0.651 |
Diluted Shares Outstanding | 453.40 |
Cost of Debt | |
Tax Rate | 19.11 |
After-tax Cost of Debt | 3.10% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 6.856 |
Total Debt | 14,877 |
Total Equity | 87,320.31 |
Total Capital | 102,197.31 |
Debt Weighting | 14.56 |
Equity Weighting | 85.44 |
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 | 32,717 | 34,186 | 36,052 | 40,955 | 43,124 | 46,233.70 | 49,567.64 | 53,141.99 | 56,974.10 | 61,082.53 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 5,480 | 6,342 | 9,785 | 11,149 | 11,243 | 10,701.84 | 11,473.56 | 12,300.93 | 13,187.95 | 14,138.95 |
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow | - | - | - | - | - | 10,701.84 | 11,473.56 | 12,300.93 | 13,187.95 | 14,138.95 |
WACC | ||||||||||
PV LFCF | 10,066.64 | 10,151.96 | 10,238.01 | 10,324.78 | 10,412.29 | |||||
SUM PV LFCF | 51,193.69 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 6.31 |
Free cash flow (t + 1) | 14,421.72 |
Terminal Value | 334,610.77 |
Present Value of Terminal Value | 246,416.24 |
Intrinsic Value
Enterprise Value | 297,609.92 |
---|---|
Net Debt | 12,865 |
Equity Value | 284,744.92 |
Shares Outstanding | 453.40 |
Equity Value Per Share | 628.02 |