Discounted Cash Flow (DCF) Analysis Levered
Fidelity National Information Servi... (FIS)
$69.3
+0.18 (+0.26%)
All numbers are in Millions, Currency in USD
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 | 10,333 | 12,552 | 13,877 | 14,528 | 9,821 | 9,927.13 | 10,034.41 | 10,142.85 | 10,252.46 | 10,363.26 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 2,410 | 4,442 | 4,810 | 3,939 | 4,335 | 3,268.55 | 3,303.87 | 3,339.58 | 3,375.67 | 3,412.15 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -828 | -1,129 | -1,251 | -1,390 | -1,122 | -933.45 | -943.53 | -953.73 | -964.04 | -974.45 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 1,582 | 3,313 | 3,559 | 2,549 | 3,213 | 2,335.10 | 2,360.34 | 2,385.85 | 2,411.63 | 2,437.69 |
Weighted Average Cost Of Capital
Share price | $ 69.3 |
---|---|
Beta | 0.972 |
Diluted Shares Outstanding | 591 |
Cost of Debt | |
Tax Rate | 1,103.62 |
After-tax Cost of Debt | -43.72% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 8.944 |
Total Debt | 19,341 |
Total Equity | 40,956.30 |
Total Capital | 60,297.30 |
Debt Weighting | 32.08 |
Equity Weighting | 67.92 |
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 | 10,333 | 12,552 | 13,877 | 14,528 | 9,821 | 9,927.13 | 10,034.41 | 10,142.85 | 10,252.46 | 10,363.26 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 2,410 | 4,442 | 4,810 | 3,939 | 4,335 | 3,268.55 | 3,303.87 | 3,339.58 | 3,375.67 | 3,412.15 |
Capital Expenditure | -828 | -1,129 | -1,251 | -1,390 | -1,122 | -933.45 | -943.53 | -953.73 | -964.04 | -974.45 |
Free Cash Flow | 1,582 | 3,313 | 3,559 | 2,549 | 3,213 | 2,335.10 | 2,360.34 | 2,385.85 | 2,411.63 | 2,437.69 |
WACC | ||||||||||
PV LFCF | 2,536.78 | 2,785.65 | 3,058.94 | 3,359.04 | 3,688.58 | |||||
SUM PV LFCF | 15,428.99 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | -7.95 |
Free cash flow (t + 1) | 2,486.44 |
Terminal Value | -24,989.39 |
Present Value of Terminal Value | -37,812.61 |
Intrinsic Value
Enterprise Value | -22,383.62 |
---|---|
Net Debt | 18,901 |
Equity Value | -41,284.62 |
Shares Outstanding | 591 |
Equity Value Per Share | -69.86 |