Discounted Cash Flow (DCF) Analysis Levered

Entegris, Inc. (ENTG)

$82.38

-2.20 (-2.60%)
All numbers are in Millions, Currency in USD
Stock DCF: 54.13 | 82.38 | overvalue

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 1,342.531,550.501,591.071,859.312,298.892,635.733,021.923,464.703,972.354,554.39
Revenue (%)
Operating Cash Flow 293.37312.58382.30446.67400.45566.59649.61744.79853.92979.04
Operating Cash Flow (%)
Capital Expenditure -93.60-110.15-112.36-131.75-210.63-197.08-225.95-259.06-297.02-340.54
Capital Expenditure (%)
Free Cash Flow 199.78202.42269.94314.92189.83369.51423.66485.73556.90638.50

Weighted Average Cost Of Capital

Share price $ 82.38
Beta 1.231
Diluted Shares Outstanding 136.57
Cost of Debt
Tax Rate 14.60
After-tax Cost of Debt 3.54%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.426
Total Debt 997.13
Total Equity 11,250.97
Total Capital 12,248.09
Debt Weighting 8.14
Equity Weighting 91.86
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 1,342.531,550.501,591.071,859.312,298.892,635.733,021.923,464.703,972.354,554.39
Operating Cash Flow 293.37312.58382.30446.67400.45566.59649.61744.79853.92979.04
Capital Expenditure -93.60-110.15-112.36-131.75-210.63-197.08-225.95-259.06-297.02-340.54
Free Cash Flow 199.78202.42269.94314.92189.83369.51423.66485.73556.90638.50
WACC
PV LFCF 220.94232.50244.67257.47270.95
SUM PV LFCF 1,882.84

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 8.95
Free cash flow (t + 1) 651.27
Terminal Value 9,370.76
Present Value of Terminal Value 6,104.34

Intrinsic Value

Enterprise Value 7,987.18
Net Debt 594.56
Equity Value 7,392.61
Shares Outstanding 136.57
Equity Value Per Share 54.13