Discounted Cash Flow (DCF) Analysis Levered
Doman Building Materials Group Ltd. (DBM.TO)
$7.61
-0.05 (-0.65%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
Revenue | 1,135.95 | 1,291.30 | 1,334.20 | 1,613.80 | 2,543.67 | 3,151.45 | 3,904.44 | 4,837.36 | 5,993.17 | 7,425.16 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 30.75 | -4.03 | 67.90 | 164.17 | 49.29 | 123.50 | 153.01 | 189.57 | 234.87 | 290.99 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -6.47 | -10.21 | -7.32 | -2.81 | -6.86 | -14.83 | -18.37 | -22.76 | -28.20 | -34.94 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 24.28 | -14.24 | 60.59 | 161.37 | 42.43 | 108.68 | 134.64 | 166.81 | 206.67 | 256.05 |
Weighted Average Cost Of Capital
Share price | $ 7.61 |
---|---|
Beta | 1.573 |
Diluted Shares Outstanding | 83.61 |
Cost of Debt | |
Tax Rate | 23.08 |
After-tax Cost of Debt | 2.28% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 11.064 |
Total Debt | 841.90 |
Total Equity | 636.29 |
Total Capital | 1,478.19 |
Debt Weighting | 56.96 |
Equity Weighting | 43.04 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
Revenue | 1,135.95 | 1,291.30 | 1,334.20 | 1,613.80 | 2,543.67 | 3,151.45 | 3,904.44 | 4,837.36 | 5,993.17 | 7,425.16 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 30.75 | -4.03 | 67.90 | 164.17 | 49.29 | 123.50 | 153.01 | 189.57 | 234.87 | 290.99 |
Capital Expenditure | -6.47 | -10.21 | -7.32 | -2.81 | -6.86 | -14.83 | -18.37 | -22.76 | -28.20 | -34.94 |
Free Cash Flow | 24.28 | -14.24 | 60.59 | 161.37 | 42.43 | 108.68 | 134.64 | 166.81 | 206.67 | 256.05 |
WACC | ||||||||||
PV LFCF | 102.47 | 119.70 | 139.82 | 163.33 | 190.80 | |||||
SUM PV LFCF | 716.11 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 6.06 |
Free cash flow (t + 1) | 261.17 |
Terminal Value | 6,432.81 |
Present Value of Terminal Value | 4,793.39 |
Intrinsic Value
Enterprise Value | 5,509.50 |
---|---|
Net Debt | 839.57 |
Equity Value | 4,669.93 |
Shares Outstanding | 83.61 |
Equity Value Per Share | 55.85 |