Discounted Cash Flow (DCF) Analysis Levered
Flex Ltd. (FLEX)
$26.485
-0.07 (-0.24%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
| Revenue | 26,210.51 | 24,209.87 | 24,124 | 26,041 | 26,037.42 | 26,033.84 | 26,030.27 | 26,026.69 | 26,023.11 | 26,019.54 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -2,971.02 | -1,533.28 | 144 | 1,024 | -855.29 | -855.17 | -855.05 | -854.93 | -854.82 | -854.70 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -725.61 | -461.74 | -351 | -443 | -509.80 | -509.73 | -509.66 | -509.59 | -509.52 | -509.45 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -3,696.63 | -1,995.02 | -207 | 581 | -1,365.08 | -1,364.90 | -1,364.71 | -1,364.52 | -1,364.33 | -1,364.15 |
Weighted Average Cost Of Capital
| Share price | $ 26.485 |
|---|---|
| Beta | 1.457 |
| Diluted Shares Outstanding | 483 |
| Cost of Debt | |
| Tax Rate | 10.43 |
| After-tax Cost of Debt | 4.48% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 10.620 |
| Total Debt | 4,347 |
| Total Equity | 12,792.25 |
| Total Capital | 17,139.26 |
| Debt Weighting | 25.36 |
| Equity Weighting | 74.64 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
| Revenue | 26,210.51 | 24,209.87 | 24,124 | 26,041 | 26,037.42 | 26,033.84 | 26,030.27 | 26,026.69 | 26,023.11 | 26,019.54 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -2,971.02 | -1,533.28 | 144 | 1,024 | -855.29 | -855.17 | -855.05 | -854.93 | -854.82 | -854.70 |
| Capital Expenditure | -725.61 | -461.74 | -351 | -443 | -509.80 | -509.73 | -509.66 | -509.59 | -509.52 | -509.45 |
| Free Cash Flow | -3,696.63 | -1,995.02 | -207 | 581 | -1,365.08 | -1,364.90 | -1,364.71 | -1,364.52 | -1,364.33 | -1,364.15 |
| WACC | ||||||||||
| PV LFCF | -1,251.68 | -1,147.54 | -1,052.07 | -964.54 | -884.29 | -810.71 | ||||
| SUM PV LFCF | -5,299.39 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 9.06 |
| Free cash flow (t + 1) | -1,391.43 |
| Terminal Value | -19,708.64 |
| Present Value of Terminal Value | -12,774.07 |
Intrinsic Value
| Enterprise Value | -18,073.45 |
|---|---|
| Net Debt | 1,053 |
| Equity Value | -19,126.45 |
| Shares Outstanding | 483 |
| Equity Value Per Share | -39.60 |