Discounted Cash Flow (DCF) Analysis Levered
ESCO Technologies Inc. (ESE)
$96.6
-1.74 (-1.77%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
Revenue | 771.58 | 812.97 | 732.91 | 715.44 | 857.50 | 885.35 | 914.10 | 943.78 | 974.43 | 1,006.07 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 93.26 | 105.14 | 82.28 | 123.14 | 135.27 | 122.59 | 126.57 | 130.68 | 134.92 | 139.31 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -30.16 | -45.57 | -41.13 | -35.49 | -45.01 | -44.86 | -46.32 | -47.82 | -49.38 | -50.98 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 63.10 | 59.57 | 41.15 | 87.65 | 90.26 | 77.73 | 80.25 | 82.86 | 85.55 | 88.33 |
Weighted Average Cost Of Capital
Share price | $ 96.6 |
---|---|
Beta | 1.118 |
Diluted Shares Outstanding | 26.23 |
Cost of Debt | |
Tax Rate | 22.66 |
After-tax Cost of Debt | 2.11% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 8.989 |
Total Debt | 177.85 |
Total Equity | 2,533.34 |
Total Capital | 2,711.19 |
Debt Weighting | 6.56 |
Equity Weighting | 93.44 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
Revenue | 771.58 | 812.97 | 732.91 | 715.44 | 857.50 | 885.35 | 914.10 | 943.78 | 974.43 | 1,006.07 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 93.26 | 105.14 | 82.28 | 123.14 | 135.27 | 122.59 | 126.57 | 130.68 | 134.92 | 139.31 |
Capital Expenditure | -30.16 | -45.57 | -41.13 | -35.49 | -45.01 | -44.86 | -46.32 | -47.82 | -49.38 | -50.98 |
Free Cash Flow | 63.10 | 59.57 | 41.15 | 87.65 | 90.26 | 77.73 | 80.25 | 82.86 | 85.55 | 88.33 |
WACC | ||||||||||
PV LFCF | 71.61 | 68.12 | 64.80 | 61.64 | 58.63 | |||||
SUM PV LFCF | 324.80 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 8.54 |
Free cash flow (t + 1) | 90.09 |
Terminal Value | 1,377.57 |
Present Value of Terminal Value | 914.46 |
Intrinsic Value
Enterprise Value | 1,239.26 |
---|---|
Net Debt | 80.13 |
Equity Value | 1,159.13 |
Shares Outstanding | 26.23 |
Equity Value Per Share | 44.20 |