Discounted Cash Flow (DCF) Analysis Levered
Ferro Corporation (FOE)
$22.01
+0.06 (+0.27%)
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 | 1,396.74 | 1,612.41 | 1,018.37 | 958.95 | 1,126.26 | 1,098.70 | 1,071.82 | 1,045.59 | 1,020 | 995.04 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 84.79 | 182.79 | 17.71 | -13.19 | -61.30 | 27.09 | 26.43 | 25.78 | 25.15 | 24.53 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -50.55 | -80.62 | -64.97 | -31.78 | -29.96 | -46.09 | -44.96 | -43.86 | -42.79 | -41.74 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 34.24 | 102.17 | -47.26 | -44.98 | -91.26 | -19 | -18.53 | -18.08 | -17.64 | -17.21 |
Weighted Average Cost Of Capital
| Share price | $ 22.01 |
|---|---|
| Beta | 1.415 |
| Diluted Shares Outstanding | 83.69 |
| Cost of Debt | |
| Tax Rate | -32.23 |
| After-tax Cost of Debt | 10.04% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.568 |
| Total Debt | 269.12 |
| Total Equity | 1,841.95 |
| Total Capital | 2,111.07 |
| Debt Weighting | 12.75 |
| Equity Weighting | 87.25 |
| 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 | 1,396.74 | 1,612.41 | 1,018.37 | 958.95 | 1,126.26 | 1,098.70 | 1,071.82 | 1,045.59 | 1,020 | 995.04 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 84.79 | 182.79 | 17.71 | -13.19 | -61.30 | 27.09 | 26.43 | 25.78 | 25.15 | 24.53 |
| Capital Expenditure | -50.55 | -80.62 | -64.97 | -31.78 | -29.96 | -46.09 | -44.96 | -43.86 | -42.79 | -41.74 |
| Free Cash Flow | 34.24 | 102.17 | -47.26 | -44.98 | -91.26 | -19 | -18.53 | -18.08 | -17.64 | -17.21 |
| WACC | ||||||||||
| PV LFCF | -17.33 | -15.42 | -13.72 | -12.21 | -10.87 | |||||
| SUM PV LFCF | -69.55 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 9.63 |
| Free cash flow (t + 1) | -17.55 |
| Terminal Value | -230.01 |
| Present Value of Terminal Value | -145.25 |
Intrinsic Value
| Enterprise Value | -214.79 |
|---|---|
| Net Debt | 197.63 |
| Equity Value | -412.42 |
| Shares Outstanding | 83.69 |
| Equity Value Per Share | -4.93 |