Discounted Cash Flow (DCF) Analysis Levered
The Chemours Company (CC)
$34.16
-0.56 (-1.61%)
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 | 6,638 | 5,526 | 4,969 | 6,345 | 6,794 | 6,928.80 | 7,066.28 | 7,206.48 | 7,349.46 | 7,495.29 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 1,140 | 650 | 807 | 820 | 754 | 958.93 | 977.95 | 997.36 | 1,017.15 | 1,037.33 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -498 | -481 | -267 | -277 | -307 | -422.16 | -430.54 | -439.08 | -447.79 | -456.68 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 642 | 169 | 540 | 543 | 447 | 536.77 | 547.42 | 558.28 | 569.36 | 580.65 |
Weighted Average Cost Of Capital
Share price | $ 34.16 |
---|---|
Beta | 1.872 |
Diluted Shares Outstanding | 166.35 |
Cost of Debt | |
Tax Rate | 22.00 |
After-tax Cost of Debt | 3.33% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 12.619 |
Total Debt | 3,813 |
Total Equity | 5,682.40 |
Total Capital | 9,495.40 |
Debt Weighting | 40.16 |
Equity Weighting | 59.84 |
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 | 6,638 | 5,526 | 4,969 | 6,345 | 6,794 | 6,928.80 | 7,066.28 | 7,206.48 | 7,349.46 | 7,495.29 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 1,140 | 650 | 807 | 820 | 754 | 958.93 | 977.95 | 997.36 | 1,017.15 | 1,037.33 |
Capital Expenditure | -498 | -481 | -267 | -277 | -307 | -422.16 | -430.54 | -439.08 | -447.79 | -456.68 |
Free Cash Flow | 642 | 169 | 540 | 543 | 447 | 536.77 | 547.42 | 558.28 | 569.36 | 580.65 |
WACC | ||||||||||
PV LFCF | 492.94 | 461.68 | 432.40 | 404.98 | 379.29 | |||||
SUM PV LFCF | 2,171.30 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 8.89 |
Free cash flow (t + 1) | 592.27 |
Terminal Value | 8,596.01 |
Present Value of Terminal Value | 5,615.09 |
Intrinsic Value
Enterprise Value | 7,786.39 |
---|---|
Net Debt | 2,711 |
Equity Value | 5,075.39 |
Shares Outstanding | 166.35 |
Equity Value Per Share | 30.51 |