Discounted Cash Flow (DCF) Analysis Levered
Doman Building Materials Group Ltd. (DBM.TO)
$5.88
-0.01 (-0.17%)
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 | $ 5.88 |
|---|---|
| Beta | 1.622 |
| Diluted Shares Outstanding | 77.93 |
| Cost of Debt | |
| Tax Rate | 23.08 |
| After-tax Cost of Debt | 2.28% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 11.184 |
| Total Debt | 841.90 |
| Total Equity | 458.23 |
| Total Capital | 1,300.14 |
| Debt Weighting | 64.76 |
| Equity Weighting | 35.24 |
| 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 | 103.09 | 121.15 | 142.38 | 167.33 | 196.66 | |||||
| SUM PV LFCF | 730.62 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 5.42 |
| Free cash flow (t + 1) | 261.17 |
| Terminal Value | 7,636.62 |
| Present Value of Terminal Value | 5,865.24 |
Intrinsic Value
| Enterprise Value | 6,595.86 |
|---|---|
| Net Debt | 839.57 |
| Equity Value | 5,756.29 |
| Shares Outstanding | 77.93 |
| Equity Value Per Share | 73.86 |