Discounted Cash Flow (DCF) Analysis Levered
Flowserve Corporation (FLS)
$33.97
0.00 (0.00%)
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 | 3,832.67 | 3,944.85 | 3,728.13 | 3,541.06 | 3,615.12 | 3,565.48 | 3,516.51 | 3,468.22 | 3,420.59 | 3,373.62 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 190.83 | 312.74 | 310.54 | 250.12 | -40.01 | 193.91 | 191.25 | 188.62 | 186.03 | 183.48 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -83.99 | -66.17 | -57.40 | -54.94 | -76.29 | -64.68 | -63.79 | -62.92 | -62.05 | -61.20 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 106.84 | 246.57 | 253.13 | 195.18 | -116.30 | 129.23 | 127.46 | 125.71 | 123.98 | 122.28 |
Weighted Average Cost Of Capital
Share price | $ 33.97 |
---|---|
Beta | 1.625 |
Diluted Shares Outstanding | 131.31 |
Cost of Debt | |
Tax Rate | -22.23 |
After-tax Cost of Debt | 3.16% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 11.371 |
Total Debt | 1,461.21 |
Total Equity | 4,460.77 |
Total Capital | 5,921.98 |
Debt Weighting | 24.67 |
Equity Weighting | 75.33 |
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 | 3,832.67 | 3,944.85 | 3,728.13 | 3,541.06 | 3,615.12 | 3,565.48 | 3,516.51 | 3,468.22 | 3,420.59 | 3,373.62 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 190.83 | 312.74 | 310.54 | 250.12 | -40.01 | 193.91 | 191.25 | 188.62 | 186.03 | 183.48 |
Capital Expenditure | -83.99 | -66.17 | -57.40 | -54.94 | -76.29 | -64.68 | -63.79 | -62.92 | -62.05 | -61.20 |
Free Cash Flow | 106.84 | 246.57 | 253.13 | 195.18 | -116.30 | 129.23 | 127.46 | 125.71 | 123.98 | 122.28 |
WACC | ||||||||||
PV LFCF | 98.84 | 89.14 | 80.40 | 72.52 | 65.41 | |||||
SUM PV LFCF | 485.84 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 9.35 |
Free cash flow (t + 1) | 124.72 |
Terminal Value | 1,696.93 |
Present Value of Terminal Value | 1,085.35 |
Intrinsic Value
Enterprise Value | 1,571.19 |
---|---|
Net Debt | 1,026.24 |
Equity Value | 544.95 |
Shares Outstanding | 131.31 |
Equity Value Per Share | 4.15 |