Discounted Cash Flow (DCF) Analysis Levered

CRH plc (CRH)

$77.58

-0.01 (-0.01%)
All numbers are in Millions, Currency in USD
Stock DCF: 38.81 | 77.58 | overvalue

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 30,645.1628,148.8027,58730,98132,72333,359.7834,008.9534,670.7535,345.4336,033.24
Revenue (%)
Operating Cash Flow 2,172.273,882.523,9384,2103,9544,058.444,137.424,217.934,300.014,383.69
Operating Cash Flow (%)
Capital Expenditure -1,282.32-1,376.69-996-1,554-1,523-1,491.57-1,520.59-1,550.18-1,580.35-1,611.10
Capital Expenditure (%)
Free Cash Flow 889.962,505.822,9422,6562,4312,566.872,616.832,667.752,719.662,772.58

Weighted Average Cost Of Capital

Share price $ 77.58
Beta 1.328
Diluted Shares Outstanding 764.10
Cost of Debt
Tax Rate 22.63
After-tax Cost of Debt 3.29%
Risk-Free Rate
Market Risk Premium
Cost of Equity 10.519
Total Debt 10,955
Total Equity 59,278.88
Total Capital 70,233.88
Debt Weighting 15.60
Equity Weighting 84.40
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 30,645.1628,148.8027,58730,98132,72333,359.7834,008.9534,670.7535,345.4336,033.24
Operating Cash Flow 2,172.273,882.523,9384,2103,9544,058.444,137.424,217.934,300.014,383.69
Capital Expenditure -1,282.32-1,376.69-996-1,554-1,523-1,491.57-1,520.59-1,550.18-1,580.35-1,611.10
Free Cash Flow 889.962,505.822,9422,6562,4312,566.872,616.832,667.752,719.662,772.58
WACC
PV LFCF 2,346.542,186.852,038.041,899.351,770.10
SUM PV LFCF 10,240.87

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 9.39
Free cash flow (t + 1) 2,828.04
Terminal Value 38,268.42
Present Value of Terminal Value 24,431.63

Intrinsic Value

Enterprise Value 34,672.50
Net Debt 5,019
Equity Value 29,653.50
Shares Outstanding 764.10
Equity Value Per Share 38.81