Discounted Cash Flow (DCF) Analysis Levered

Entegris, Inc. (ENTG)

$140.32

+1.76 (+1.27%)
All numbers are in Millions, Currency in USD
Stock DCF: 50.68 | 140.32 | overvalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 1,591.071,859.312,298.893,282.033,523.934,322.435,301.866,503.237,976.839,784.33
Revenue (%)
Operating Cash Flow 382.30446.67400.45352.28629.56813.22997.491,223.521,500.761,840.82
Operating Cash Flow (%)
Capital Expenditure -112.36-131.75-210.63-466.19-456.85-436.38-535.26-656.54-805.31-987.79
Capital Expenditure (%)
Free Cash Flow 269.94314.92189.83-113.91172.71376.84462.23566.97695.45853.03

Weighted Average Cost Of Capital

Share price $ 140.32
Beta 1.316
Diluted Shares Outstanding 150.94
Cost of Debt
Tax Rate -4.63
After-tax Cost of Debt 6.72%
Risk-Free Rate
Market Risk Premium
Cost of Equity 10.422
Total Debt 4,646.13
Total Equity 21,180.60
Total Capital 25,826.73
Debt Weighting 17.99
Equity Weighting 82.01
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 1,591.071,859.312,298.893,282.033,523.934,322.435,301.866,503.237,976.839,784.33
Operating Cash Flow 382.30446.67400.45352.28629.56813.22997.491,223.521,500.761,840.82
Capital Expenditure -112.36-131.75-210.63-466.19-456.85-436.38-535.26-656.54-805.31-987.79
Free Cash Flow 269.94314.92189.83-113.91172.71376.84462.23566.97695.45853.03
WACC
PV LFCF 284.99318.48355.91397.74444.48
SUM PV LFCF 2,170.44

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 9.76
Free cash flow (t + 1) 887.15
Terminal Value 15,401.92
Present Value of Terminal Value 9,668.40

Intrinsic Value

Enterprise Value 11,838.84
Net Debt 4,189.20
Equity Value 7,649.64
Shares Outstanding 150.94
Equity Value Per Share 50.68