Discounted Cash Flow (DCF) Analysis Levered
Flex Ltd. (FLEX)
$16.23
-0.57 (-3.39%)
All numbers are in Millions, Currency in USD
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 | 23,862.93 | 25,441.13 | 26,210.51 | 24,209.87 | 24,124 | 24,223.52 | 24,323.44 | 24,423.78 | 24,524.54 | 24,625.71 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 1,149.91 | 753.60 | -2,971.02 | -1,533.28 | 144 | -450.10 | -451.96 | -453.83 | -455.70 | -457.58 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -525.11 | -562 | -725.61 | -461.74 | -351 | -510.64 | -512.75 | -514.86 | -516.99 | -519.12 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 624.80 | 191.60 | -3,696.63 | -1,995.02 | -207 | -960.74 | -964.71 | -968.69 | -972.68 | -976.70 |
Weighted Average Cost Of Capital
| Share price | $ 16.23 |
|---|---|
| Beta | 1.529 |
| Diluted Shares Outstanding | 506.61 |
| Cost of Debt | |
| Tax Rate | 14.15 |
| After-tax Cost of Debt | 2.96% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 10.103 |
| Total Debt | 4,345 |
| Total Equity | 8,222.31 |
| Total Capital | 12,567.31 |
| Debt Weighting | 34.57 |
| Equity Weighting | 65.43 |
| 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 | 23,862.93 | 25,441.13 | 26,210.51 | 24,209.87 | 24,124 | 24,223.52 | 24,323.44 | 24,423.78 | 24,524.54 | 24,625.71 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 1,149.91 | 753.60 | -2,971.02 | -1,533.28 | 144 | -450.10 | -451.96 | -453.83 | -455.70 | -457.58 |
| Capital Expenditure | -525.11 | -562 | -725.61 | -461.74 | -351 | -510.64 | -512.75 | -514.86 | -516.99 | -519.12 |
| Free Cash Flow | 624.80 | 191.60 | -3,696.63 | -1,995.02 | -207 | -960.74 | -964.71 | -968.69 | -972.68 | -976.70 |
| WACC | ||||||||||
| PV LFCF | -892.64 | -832.78 | -776.93 | -724.83 | -676.23 | |||||
| SUM PV LFCF | -3,903.41 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 7.63 |
| Free cash flow (t + 1) | -996.23 |
| Terminal Value | -17,695.02 |
| Present Value of Terminal Value | -12,251.36 |
Intrinsic Value
| Enterprise Value | -16,154.77 |
|---|---|
| Net Debt | 1,708 |
| Equity Value | -17,862.77 |
| Shares Outstanding | 506.61 |
| Equity Value Per Share | -35.26 |