Discounted Cash Flow (DCF) Analysis Levered

Enstar Group Limited (ESGR)

$188.42

-2.88 (-1.51%)
All numbers are in Millions, Currency in USD
Stock DCF: 4,363.66 | 188.42 | undervalue

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 1,060.81785.782,543.822,568.73654857.141,123.381,472.311,929.622,528.98
Revenue (%)
Operating Cash Flow -343.11-160.071,763.522,786.373,8011,210.751,586.832,079.712,725.693,572.32
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----1,210.751,586.832,079.712,725.693,572.32

Weighted Average Cost Of Capital

Share price $ 188.42
Beta 0.533
Diluted Shares Outstanding 20.13
Cost of Debt
Tax Rate -12.09
After-tax Cost of Debt 4.02%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.214
Total Debt 1,691
Total Equity 3,792.35
Total Capital 5,483.35
Debt Weighting 30.84
Equity Weighting 69.16
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 1,060.81785.782,543.822,568.73654857.141,123.381,472.311,929.622,528.98
Operating Cash Flow -343.11-160.071,763.522,786.373,8011,210.751,586.832,079.712,725.693,572.32
Capital Expenditure ----------
Free Cash Flow -----1,210.751,586.832,079.712,725.693,572.32
WACC
PV LFCF 1,147.201,424.611,769.102,196.892,728.13
SUM PV LFCF 9,265.92

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.54
Free cash flow (t + 1) 3,643.76
Terminal Value 102,931.18
Present Value of Terminal Value 78,607.05

Intrinsic Value

Enterprise Value 87,872.96
Net Debt 45
Equity Value 87,827.96
Shares Outstanding 20.13
Equity Value Per Share 4,363.66