Discounted Cash Flow (DCF) Analysis Levered

Deep Industries Limited (DEEPINDS.NS)

281.4 ₹

-15.00 (-5.06%)
All numbers are in Millions, Currency in USD
Stock DCF: 650.38 | 281.4 | undervalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 3,126.753,175.042,618.472,409.192,216.632,039.461,876.461,726.481,588.491,461.53
Revenue (%)
Operating Cash Flow 2,000.51918.76471.07890.66819.47753.97693.71638.27587.25540.32
Operating Cash Flow (%)
Capital Expenditure -0.42-7.55-718.34-222.33-204.56-188.21-173.17-159.33-146.59-134.87
Capital Expenditure (%)
Free Cash Flow 2,000.10911.20-247.27668.33614.91565.77520.55478.94440.66405.44

Weighted Average Cost Of Capital

Share price $ 281.4
Beta 0.000
Diluted Shares Outstanding 32
Cost of Debt
Tax Rate 20.48
After-tax Cost of Debt 11.93%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.529
Total Debt 317.92
Total Equity 9,004.80
Total Capital 9,322.72
Debt Weighting 3.41
Equity Weighting 96.59
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 3,126.753,175.042,618.472,409.192,216.632,039.461,876.461,726.481,588.491,461.53
Operating Cash Flow 2,000.51918.76471.07890.66819.47753.97693.71638.27587.25540.32
Capital Expenditure -0.42-7.55-718.34-222.33-204.56-188.21-173.17-159.33-146.59-134.87
Free Cash Flow 2,000.10911.20-247.27668.33614.91565.77520.55478.94440.66405.44
WACC
PV LFCF 575.26509.81451.80400.40354.84314.47278.69
SUM PV LFCF 2,171.33

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 3.82
Free cash flow (t + 1) 413.55
Terminal Value 22,722.49
Present Value of Terminal Value 18,838.70

Intrinsic Value

Enterprise Value 21,010.02
Net Debt 197.77
Equity Value 20,812.25
Shares Outstanding 32
Equity Value Per Share 650.38