Discounted Cash Flow (DCF) Analysis Levered
Dominion Energy, Inc. (D)
$53.09
-0.20 (-0.38%)
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 | 13,366 | 16,572 | 14,172 | 13,964 | 17,174 | 18,506.01 | 19,941.34 | 21,487.99 | 23,154.60 | 24,950.47 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 4,773 | 5,204 | 5,227 | 4,037 | 3,700 | 5,716.48 | 6,159.85 | 6,637.61 | 7,152.42 | 7,707.16 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -4,254 | -4,980 | -6,020 | -5,960 | -7,591 | -7,078.09 | -7,627.07 | -8,218.62 | -8,856.06 | -9,542.93 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 519 | 224 | -793 | -1,923 | -3,891 | -1,361.61 | -1,467.22 | -1,581.02 | -1,703.64 | -1,835.77 |
Weighted Average Cost Of Capital
| Share price | $ 53.09 |
|---|---|
| Beta | 0.451 |
| Diluted Shares Outstanding | 810 |
| Cost of Debt | |
| Tax Rate | 5.60 |
| After-tax Cost of Debt | 1.99% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 5.872 |
| Total Debt | 45,678 |
| Total Equity | 43,002.90 |
| Total Capital | 88,680.90 |
| Debt Weighting | 51.51 |
| Equity Weighting | 48.49 |
| 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 | 13,366 | 16,572 | 14,172 | 13,964 | 17,174 | 18,506.01 | 19,941.34 | 21,487.99 | 23,154.60 | 24,950.47 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 4,773 | 5,204 | 5,227 | 4,037 | 3,700 | 5,716.48 | 6,159.85 | 6,637.61 | 7,152.42 | 7,707.16 |
| Capital Expenditure | -4,254 | -4,980 | -6,020 | -5,960 | -7,591 | -7,078.09 | -7,627.07 | -8,218.62 | -8,856.06 | -9,542.93 |
| Free Cash Flow | 519 | 224 | -793 | -1,923 | -3,891 | -1,361.61 | -1,467.22 | -1,581.02 | -1,703.64 | -1,835.77 |
| WACC | ||||||||||
| PV LFCF | -1,215.02 | -1,260.47 | -1,307.63 | -1,356.55 | -1,407.30 | |||||
| SUM PV LFCF | -7,063.52 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 3.87 |
| Free cash flow (t + 1) | -1,872.49 |
| Terminal Value | -100,133.05 |
| Present Value of Terminal Value | -82,818.39 |
Intrinsic Value
| Enterprise Value | -89,881.92 |
|---|---|
| Net Debt | 45,525 |
| Equity Value | -135,406.92 |
| Shares Outstanding | 810 |
| Equity Value Per Share | -167.17 |