Discounted Cash Flow (DCF) Analysis Levered
Chubb Limited (CB)
$208.1035
+0.12 (+0.06%)
All numbers are in Millions, Currency in USD
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 | 32,243 | 32,717 | 34,186 | 35,994 | 40,963 | 43,528.71 | 46,255.12 | 49,152.29 | 52,230.94 | 55,502.41 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 4,503 | 5,480 | 6,342 | 9,785 | 11,149 | 9,025.18 | 9,590.47 | 10,191.17 | 10,829.49 | 11,507.79 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | - | - | - | - | - | 9,025.18 | 9,590.47 | 10,191.17 | 10,829.49 | 11,507.79 |
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 | 32,243 | 32,717 | 34,186 | 35,994 | 40,963 | 43,528.71 | 46,255.12 | 49,152.29 | 52,230.94 | 55,502.41 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 4,503 | 5,480 | 6,342 | 9,785 | 11,149 | 9,025.18 | 9,590.47 | 10,191.17 | 10,829.49 | 11,507.79 |
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow | - | - | - | - | - | 9,025.18 | 9,590.47 | 10,191.17 | 10,829.49 | 11,507.79 |
WACC | ||||||||||
PV LFCF | 8,528 | 8,562.93 | 8,598 | 8,633.22 | 8,668.58 | |||||
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 |