Discounted Cash Flow (DCF) Analysis Levered
Canaccord Genuity Group Inc. (CF.TO)
$11.59
0.00 (0.00%)
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 | 1,022.88 | 1,190.57 | 1,223.87 | 2,007.69 | 2,046 | 2,481.51 | 3,009.73 | 3,650.38 | 4,427.40 | 5,369.81 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 244.06 | 42.15 | 365.25 | 1,095.68 | 263.25 | 618.82 | 750.54 | 910.30 | 1,104.06 | 1,339.07 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -7.11 | -4.38 | -6.35 | -7.12 | -14.66 | -13.17 | -15.97 | -19.37 | -23.49 | -28.49 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 236.96 | 37.77 | 358.89 | 1,088.57 | 248.59 | 605.65 | 734.57 | 890.93 | 1,080.57 | 1,310.58 |
Weighted Average Cost Of Capital
| Share price | $ 11.59 |
|---|---|
| Beta | 1.449 |
| Diluted Shares Outstanding | 109.43 |
| Cost of Debt | |
| Tax Rate | 34.88 |
| After-tax Cost of Debt | 5.39% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 10.215 |
| Total Debt | 285.09 |
| Total Equity | 1,268.35 |
| Total Capital | 1,553.43 |
| Debt Weighting | 18.35 |
| Equity Weighting | 81.65 |
| 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 | 1,022.88 | 1,190.57 | 1,223.87 | 2,007.69 | 2,046 | 2,481.51 | 3,009.73 | 3,650.38 | 4,427.40 | 5,369.81 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 244.06 | 42.15 | 365.25 | 1,095.68 | 263.25 | 618.82 | 750.54 | 910.30 | 1,104.06 | 1,339.07 |
| Capital Expenditure | -7.11 | -4.38 | -6.35 | -7.12 | -14.66 | -13.17 | -15.97 | -19.37 | -23.49 | -28.49 |
| Free Cash Flow | 236.96 | 37.77 | 358.89 | 1,088.57 | 248.59 | 605.65 | 734.57 | 890.93 | 1,080.57 | 1,310.58 |
| WACC | ||||||||||
| PV LFCF | 553.96 | 614.54 | 681.75 | 756.30 | 839.01 | |||||
| SUM PV LFCF | 3,445.57 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 9.33 |
| Free cash flow (t + 1) | 1,336.79 |
| Terminal Value | 18,237.25 |
| Present Value of Terminal Value | 11,675.15 |
Intrinsic Value
| Enterprise Value | 15,120.72 |
|---|---|
| Net Debt | -1,503.17 |
| Equity Value | 16,623.89 |
| Shares Outstanding | 109.43 |
| Equity Value Per Share | 151.91 |