Discounted Cash Flow (DCF) Analysis Levered

Chubb Limited (CB)

$192.59

+0.97 (+0.51%)
All numbers are in Millions, Currency in USD
Stock DCF: 628.02 | 192.59 | undervalue

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 32,71734,18636,05240,95543,12446,233.7049,567.6453,141.9956,974.1061,082.53
Revenue (%)
Operating Cash Flow 5,4806,3429,78511,14911,24310,701.8411,473.5612,300.9313,187.9514,138.95
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----10,701.8411,473.5612,300.9313,187.9514,138.95

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 32,71734,18636,05240,95543,12446,233.7049,567.6453,141.9956,974.1061,082.53
Operating Cash Flow 5,4806,3429,78511,14911,24310,701.8411,473.5612,300.9313,187.9514,138.95
Capital Expenditure ----------
Free Cash Flow -----10,701.8411,473.5612,300.9313,187.9514,138.95
WACC
PV LFCF 10,066.6410,151.9610,238.0110,324.7810,412.29
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