Discounted Cash Flow (DCF) Analysis Levered
Coeur Mining, Inc. (CDE)
$3.66
-0.01 (-0.27%)
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 | 709.60 | 625.90 | 711.50 | 785.46 | 832.83 | 870.94 | 910.80 | 952.49 | 996.08 | 1,041.67 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 208.46 | 17.42 | 91.88 | 148.71 | 110.48 | 134.60 | 140.76 | 147.20 | 153.94 | 160.98 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -136.73 | -140.79 | -99.77 | -99.28 | -309.78 | -183.98 | -192.40 | -201.21 | -210.41 | -220.04 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 71.72 | -123.37 | -7.89 | 49.43 | -199.30 | -49.38 | -51.64 | -54.01 | -56.48 | -59.06 |
Weighted Average Cost Of Capital
Share price | $ 3.66 |
---|---|
Beta | 1.766 |
Diluted Shares Outstanding | 242.50 |
Cost of Debt | |
Tax Rate | 961.44 |
After-tax Cost of Debt | -25.41% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 11.195 |
Total Debt | 498.80 |
Total Equity | 887.55 |
Total Capital | 1,386.35 |
Debt Weighting | 35.98 |
Equity Weighting | 64.02 |
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 | 709.60 | 625.90 | 711.50 | 785.46 | 832.83 | 870.94 | 910.80 | 952.49 | 996.08 | 1,041.67 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 208.46 | 17.42 | 91.88 | 148.71 | 110.48 | 134.60 | 140.76 | 147.20 | 153.94 | 160.98 |
Capital Expenditure | -136.73 | -140.79 | -99.77 | -99.28 | -309.78 | -183.98 | -192.40 | -201.21 | -210.41 | -220.04 |
Free Cash Flow | 71.72 | -123.37 | -7.89 | 49.43 | -199.30 | -49.38 | -51.64 | -54.01 | -56.48 | -59.06 |
WACC | ||||||||||
PV LFCF | -50.38 | -53.75 | -57.34 | -61.18 | -65.27 | |||||
SUM PV LFCF | -287.93 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | -1.98 |
Free cash flow (t + 1) | -60.24 |
Terminal Value | 1,513.64 |
Present Value of Terminal Value | 1,672.82 |
Intrinsic Value
Enterprise Value | 1,384.89 |
---|---|
Net Debt | 442.14 |
Equity Value | 942.76 |
Shares Outstanding | 242.50 |
Equity Value Per Share | 3.89 |