Discounted Cash Flow (DCF) Analysis Levered

Dana Incorporated (DAN)

$14.76

-0.08 (-0.54%)
All numbers are in Millions, Currency in USD
Stock DCF: -1.26 | 14.76 | 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 8,1438,6207,1068,94510,15610,859.6011,611.9512,416.4213,276.6314,196.42
Revenue (%)
Operating Cash Flow 568637386158649607.13649.20694.17742.26793.69
Operating Cash Flow (%)
Capital Expenditure -325-426-326-369-440-477.35-510.43-545.79-583.60-624.03
Capital Expenditure (%)
Free Cash Flow 24321160-211209129.78138.77148.38158.66169.66

Weighted Average Cost Of Capital

Share price $ 14.76
Beta 2.378
Diluted Shares Outstanding 143.60
Cost of Debt
Tax Rate -680.65
After-tax Cost of Debt 4.70%
Risk-Free Rate
Market Risk Premium
Cost of Equity 14.998
Total Debt 2,721
Total Equity 2,119.54
Total Capital 4,840.54
Debt Weighting 56.21
Equity Weighting 43.79
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 8,1438,6207,1068,94510,15610,859.6011,611.9512,416.4213,276.6314,196.42
Operating Cash Flow 568637386158649607.13649.20694.17742.26793.69
Capital Expenditure -325-426-326-369-440-477.35-510.43-545.79-583.60-624.03
Free Cash Flow 24321160-211209129.78138.77148.38158.66169.66
WACC
PV LFCF 118.84116.35113.92111.54109.21
SUM PV LFCF 569.86

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 9.21
Free cash flow (t + 1) 173.05
Terminal Value 2,400.14
Present Value of Terminal Value 1,544.99

Intrinsic Value

Enterprise Value 2,114.85
Net Debt 2,296
Equity Value -181.15
Shares Outstanding 143.60
Equity Value Per Share -1.26