Discounted Cash Flow (DCF) Analysis Levered

CHS Inc. (CHSCP)

$28.4898

+0.08 (+0.28%)
All numbers are in Millions, Currency in USD
Stock DCF: 7,837.52 | 28.4898 | undervalue

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 32,683.3531,900.4528,406.3738,448.0347,791.6753,323.9859,496.7066,383.9774,068.5082,642.59
Revenue (%)
Operating Cash Flow 1,072.071,139.93973.421,317.531,637.721,827.302,038.822,274.832,538.172,831.98
Operating Cash Flow (%)
Capital Expenditure -355.41-443.22-418.3628.0155.21-401.12-447.56-499.37-557.17-621.67
Capital Expenditure (%)
Free Cash Flow 716.66696.72555.071,345.541,692.931,426.171,591.271,775.471,980.992,210.31

Weighted Average Cost Of Capital

Share price $ 28.4,898
Beta 0.000
Diluted Shares Outstanding 12.29
Cost of Debt
Tax Rate 7.25
After-tax Cost of Debt 4.13%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.506
Total Debt 2,565.53
Total Equity 350.14
Total Capital 2,915.67
Debt Weighting 87.99
Equity Weighting 12.01
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 32,683.3531,900.4528,406.3738,448.0347,791.6753,323.9859,496.7066,383.9774,068.5082,642.59
Operating Cash Flow 1,072.071,139.93973.421,317.531,637.721,827.302,038.822,274.832,538.172,831.98
Capital Expenditure -355.41-443.22-418.3628.0155.21-401.12-447.56-499.37-557.17-621.67
Free Cash Flow 716.66696.72555.071,345.541,692.931,426.171,591.271,775.471,980.992,210.31
WACC
PV LFCF 1,370.661,469.801,576.111,690.111,812.35
SUM PV LFCF 7,919.04

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.05
Free cash flow (t + 1) 2,254.52
Terminal Value 109,976.52
Present Value of Terminal Value 90,175.71

Intrinsic Value

Enterprise Value 98,094.75
Net Debt 1,771.58
Equity Value 96,323.17
Shares Outstanding 12.29
Equity Value Per Share 7,837.52