Discounted Cash Flow (DCF) Analysis Levered

Ferro Corporation (FOE)

$22.01

+0.06 (+0.27%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: -4.70 | 22.01 | overvalue

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 1,396.741,612.411,018.37958.951,126.261,098.701,071.821,045.591,020995.04
Revenue (%)
Operating Cash Flow 84.79182.7917.71-13.19-61.3027.0926.4325.7825.1524.53
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 34.24102.17-47.26-44.98-91.26-19-18.53-18.08-17.64-17.21

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 10.425
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 1,396.741,612.411,018.37958.951,126.261,098.701,071.821,045.591,020995.04
Operating Cash Flow 84.79182.7917.71-13.19-61.3027.0926.4325.7825.1524.53
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 34.24102.17-47.26-44.98-91.26-19-18.53-18.08-17.64-17.21
WACC
PV LFCF -11.59-10.25-9.06-8-7.07
SUM PV LFCF -68.25

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 10.38
Free cash flow (t + 1) -17.55
Terminal Value -209.43
Present Value of Terminal Value -127.82

Intrinsic Value

Enterprise Value -196.07
Net Debt 197.63
Equity Value -393.70
Shares Outstanding 83.69
Equity Value Per Share -4.70