Discounted Cash Flow (DCF) Analysis Levered
The Chemours Company (CC)
$43.17
+1.91 (+4.63%)
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 | 6,183 | 6,638 | 5,526 | 4,969 | 6,345 | 6,475.37 | 6,608.42 | 6,744.21 | 6,882.78 | 7,024.21 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 639 | 1,140 | 650 | 807 | 820 | 886.29 | 904.50 | 923.09 | 942.05 | 961.41 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -411 | -498 | -481 | -267 | -277 | -422.10 | -430.77 | -439.63 | -448.66 | -457.88 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 228 | 642 | 169 | 540 | 543 | 464.19 | 473.73 | 483.46 | 493.40 | 503.53 |
Weighted Average Cost Of Capital
Share price | $ 43.17 |
---|---|
Beta | 1.818 |
Diluted Shares Outstanding | 166.35 |
Cost of Debt | |
Tax Rate | 10.06 |
After-tax Cost of Debt | 4.17% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 11.336 |
Total Debt | 3,987 |
Total Equity | 7,181.18 |
Total Capital | 11,168.18 |
Debt Weighting | 35.70 |
Equity Weighting | 64.30 |
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 | 6,183 | 6,638 | 5,526 | 4,969 | 6,345 | 6,475.37 | 6,608.42 | 6,744.21 | 6,882.78 | 7,024.21 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 639 | 1,140 | 650 | 807 | 820 | 886.29 | 904.50 | 923.09 | 942.05 | 961.41 |
Capital Expenditure | -411 | -498 | -481 | -267 | -277 | -422.10 | -430.77 | -439.63 | -448.66 | -457.88 |
Free Cash Flow | 228 | 642 | 169 | 540 | 543 | 464.19 | 473.73 | 483.46 | 493.40 | 503.53 |
WACC | ||||||||||
PV LFCF | 280.16 | 262.84 | 246.59 | 231.34 | 217.04 | |||||
SUM PV LFCF | 1,885.61 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 8.78 |
Free cash flow (t + 1) | 513.60 |
Terminal Value | 7,575.27 |
Present Value of Terminal Value | 4,973.40 |
Intrinsic Value
Enterprise Value | 6,859.01 |
---|---|
Net Debt | 2,536 |
Equity Value | 4,323.01 |
Shares Outstanding | 166.35 |
Equity Value Per Share | 25.99 |