Discounted Cash Flow (DCF) Analysis Levered
Ceres Global Ag Corp. (CRP.TO)
$2.52
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 | 411.12 | 438.40 | 581.71 | 748.20 | 1,060.94 | 1,352.02 | 1,722.96 | 2,195.68 | 2,798.09 | 3,565.77 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 44.35 | -24.25 | 7.86 | -25.94 | 54.46 | 22.37 | 28.51 | 36.33 | 46.30 | 59.01 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -1.34 | -5.25 | -1.79 | -9.62 | -3.21 | -9.25 | -11.79 | -15.02 | -19.14 | -24.39 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 43.01 | -29.50 | 6.07 | -35.55 | 51.25 | 13.13 | 16.73 | 21.32 | 27.16 | 34.62 |
Weighted Average Cost Of Capital
Share price | $ 2.52 |
---|---|
Beta | 0.026 |
Diluted Shares Outstanding | 30.04 |
Cost of Debt | |
Tax Rate | -317.16 |
After-tax Cost of Debt | 3.87% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 3.527 |
Total Debt | 105.32 |
Total Equity | 75.71 |
Total Capital | 181.03 |
Debt Weighting | 58.18 |
Equity Weighting | 41.82 |
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 | 411.12 | 438.40 | 581.71 | 748.20 | 1,060.94 | 1,352.02 | 1,722.96 | 2,195.68 | 2,798.09 | 3,565.77 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 44.35 | -24.25 | 7.86 | -25.94 | 54.46 | 22.37 | 28.51 | 36.33 | 46.30 | 59.01 |
Capital Expenditure | -1.34 | -5.25 | -1.79 | -9.62 | -3.21 | -9.25 | -11.79 | -15.02 | -19.14 | -24.39 |
Free Cash Flow | 43.01 | -29.50 | 6.07 | -35.55 | 51.25 | 13.13 | 16.73 | 21.32 | 27.16 | 34.62 |
WACC | ||||||||||
PV LFCF | 12.65 | 15.55 | 19.10 | 23.46 | 28.82 | |||||
SUM PV LFCF | 99.59 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 3.73 |
Free cash flow (t + 1) | 35.31 |
Terminal Value | 2,041.01 |
Present Value of Terminal Value | 1,699.51 |
Intrinsic Value
Enterprise Value | 1,799.09 |
---|---|
Net Debt | 88.11 |
Equity Value | 1,710.99 |
Shares Outstanding | 30.04 |
Equity Value Per Share | 56.95 |