Discounted Cash Flow (DCF) Analysis Levered
Coeur Mining, Inc. (CDE)
$3.12
-0.09 (-2.80%)
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 | 625.90 | 711.50 | 785.46 | 832.83 | 785.64 | 833.63 | 884.55 | 938.59 | 995.92 | 1,056.76 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 17.42 | 91.88 | 148.71 | 110.48 | 25.62 | 85.29 | 90.50 | 96.03 | 101.89 | 108.12 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -140.79 | -99.77 | -99.28 | -309.78 | -352.35 | -218.75 | -232.11 | -246.29 | -261.33 | -277.30 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | -123.37 | -7.89 | 49.43 | -199.30 | -326.74 | -133.46 | -141.61 | -150.26 | -159.44 | -169.18 |
Weighted Average Cost Of Capital
Share price | $ 3.12 |
---|---|
Beta | 1.572 |
Diluted Shares Outstanding | 250 |
Cost of Debt | |
Tax Rate | -23.10 |
After-tax Cost of Debt | 4.13% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 11.167 |
Total Debt | 527.49 |
Total Equity | 780 |
Total Capital | 1,307.49 |
Debt Weighting | 40.34 |
Equity Weighting | 59.66 |
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 | 625.90 | 711.50 | 785.46 | 832.83 | 785.64 | 833.63 | 884.55 | 938.59 | 995.92 | 1,056.76 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 17.42 | 91.88 | 148.71 | 110.48 | 25.62 | 85.29 | 90.50 | 96.03 | 101.89 | 108.12 |
Capital Expenditure | -140.79 | -99.77 | -99.28 | -309.78 | -352.35 | -218.75 | -232.11 | -246.29 | -261.33 | -277.30 |
Free Cash Flow | -123.37 | -7.89 | 49.43 | -199.30 | -326.74 | -133.46 | -141.61 | -150.26 | -159.44 | -169.18 |
WACC | ||||||||||
PV LFCF | -104.98 | -102.82 | -100.72 | -98.65 | -96.63 | |||||
SUM PV LFCF | -591.23 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 8.33 |
Free cash flow (t + 1) | -172.56 |
Terminal Value | -2,726.10 |
Present Value of Terminal Value | -1,827.25 |
Intrinsic Value
Enterprise Value | -2,418.48 |
---|---|
Net Debt | 466.03 |
Equity Value | -2,884.51 |
Shares Outstanding | 250 |
Equity Value Per Share | -11.54 |