Discounted Cash Flow (DCF) Analysis Levered
Century Communities, Inc. (CCS)
$63.25
-2.64 (-4.01%)
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 | 2,147.41 | 2,535.91 | 3,161.19 | 4,216.31 | 4,505.92 | 5,440.83 | 6,569.73 | 7,932.86 | 9,578.81 | 11,566.28 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -195.58 | -68.81 | 340.58 | -201.15 | 315.35 | 12.85 | 15.51 | 18.73 | 22.62 | 27.31 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -15.80 | -16.12 | -8.52 | -11.58 | -50.70 | -33.09 | -39.95 | -48.24 | -58.25 | -70.34 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -211.38 | -84.92 | 332.06 | -212.73 | 264.65 | -20.24 | -24.44 | -29.51 | -35.64 | -43.03 |
Weighted Average Cost Of Capital
| Share price | $ 63.25 |
|---|---|
| Beta | 1.803 |
| Diluted Shares Outstanding | 32.98 |
| Cost of Debt | |
| Tax Rate | 22.42 |
| After-tax Cost of Debt | 1.71% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 13.313 |
| Total Debt | 1,217.04 |
| Total Equity | 2,085.85 |
| Total Capital | 3,302.89 |
| Debt Weighting | 36.85 |
| Equity Weighting | 63.15 |
| 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 | 2,147.41 | 2,535.91 | 3,161.19 | 4,216.31 | 4,505.92 | 5,440.83 | 6,569.73 | 7,932.86 | 9,578.81 | 11,566.28 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -195.58 | -68.81 | 340.58 | -201.15 | 315.35 | 12.85 | 15.51 | 18.73 | 22.62 | 27.31 |
| Capital Expenditure | -15.80 | -16.12 | -8.52 | -11.58 | -50.70 | -33.09 | -39.95 | -48.24 | -58.25 | -70.34 |
| Free Cash Flow | -211.38 | -84.92 | 332.06 | -212.73 | 264.65 | -20.24 | -24.44 | -29.51 | -35.64 | -43.03 |
| WACC | ||||||||||
| PV LFCF | -18.56 | -20.56 | -22.76 | -25.21 | -27.92 | |||||
| SUM PV LFCF | -115.01 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 9.04 |
| Free cash flow (t + 1) | -43.89 |
| Terminal Value | -623.47 |
| Present Value of Terminal Value | -404.47 |
Intrinsic Value
| Enterprise Value | -519.48 |
|---|---|
| Net Debt | 920.31 |
| Equity Value | -1,439.80 |
| Shares Outstanding | 32.98 |
| Equity Value Per Share | -43.66 |