Discounted Cash Flow (DCF) Analysis Levered
Enstar Group Limited (ESGR)
$242.75
-2.78 (-1.13%)
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 | 785.78 | 2,543.82 | 2,542.98 | 864 | -1,078 | -897.18 | -746.69 | -621.44 | -517.20 | -430.45 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -160.07 | 1,763.52 | 2,786.37 | 3,801 | 257 | -1,031.07 | -858.12 | -714.18 | -594.39 | -494.69 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | - | - | - | - | - | -1,031.07 | -858.12 | -714.18 | -594.39 | -494.69 |
Weighted Average Cost Of Capital
| Share price | $ 242.75 |
|---|---|
| Beta | 0.609 |
| Diluted Shares Outstanding | 17.32 |
| Cost of Debt | |
| Tax Rate | 1.36 |
| After-tax Cost of Debt | 3.78% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 7.434 |
| Total Debt | 2,322 |
| Total Equity | 4,205.19 |
| Total Capital | 6,527.19 |
| Debt Weighting | 35.57 |
| Equity Weighting | 64.43 |
| 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 | 785.78 | 2,543.82 | 2,542.98 | 864 | -1,078 | -897.18 | -746.69 | -621.44 | -517.20 | -430.45 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -160.07 | 1,763.52 | 2,786.37 | 3,801 | 257 | -1,031.07 | -858.12 | -714.18 | -594.39 | -494.69 |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | -1,031.07 | -858.12 | -714.18 | -594.39 | -494.69 |
| WACC | ||||||||||
| PV LFCF | -971.51 | -761.85 | -597.44 | -468.51 | -367.40 | |||||
| SUM PV LFCF | -3,166.71 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 6.13 |
| Free cash flow (t + 1) | -504.58 |
| Terminal Value | -12,217.44 |
| Present Value of Terminal Value | -9,073.81 |
Intrinsic Value
| Enterprise Value | -12,240.52 |
|---|---|
| Net Debt | 1,500 |
| Equity Value | -13,740.52 |
| Shares Outstanding | 17.32 |
| Equity Value Per Share | -793.19 |