Discounted Cash Flow (DCF) Analysis Levered
GATX Corporation (GATX)
$103.12
+0.47 (+0.46%)
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 | 1,376.90 | 1,360.90 | 1,393.80 | 1,209.20 | 1,257.40 | 1,232.24 | 1,207.59 | 1,183.43 | 1,159.75 | 1,136.55 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 496.80 | 508.50 | 462.60 | 428.30 | 507.20 | 449.51 | 440.51 | 431.70 | 423.06 | 414.60 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -678.60 | -995.90 | -742.70 | -860.80 | -1,130.10 | -830.07 | -813.47 | -797.19 | -781.24 | -765.61 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -181.80 | -487.40 | -280.10 | -432.50 | -622.90 | -380.57 | -372.95 | -365.49 | -358.18 | -351.01 |
Weighted Average Cost Of Capital
| Share price | $ 103.12 |
|---|---|
| Beta | 0.996 |
| Diluted Shares Outstanding | 36 |
| Cost of Debt | |
| Tax Rate | 26.65 |
| After-tax Cost of Debt | 2.41% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 7.492 |
| Total Debt | 6,193.30 |
| Total Equity | 3,712.32 |
| Total Capital | 9,905.62 |
| Debt Weighting | 62.52 |
| Equity Weighting | 37.48 |
| 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 | 1,376.90 | 1,360.90 | 1,393.80 | 1,209.20 | 1,257.40 | 1,232.24 | 1,207.59 | 1,183.43 | 1,159.75 | 1,136.55 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 496.80 | 508.50 | 462.60 | 428.30 | 507.20 | 449.51 | 440.51 | 431.70 | 423.06 | 414.60 |
| Capital Expenditure | -678.60 | -995.90 | -742.70 | -860.80 | -1,130.10 | -830.07 | -813.47 | -797.19 | -781.24 | -765.61 |
| Free Cash Flow | -181.80 | -487.40 | -280.10 | -432.50 | -622.90 | -380.57 | -372.95 | -365.49 | -358.18 | -351.01 |
| WACC | ||||||||||
| PV LFCF | -295.27 | -277.38 | -260.58 | -244.79 | -229.96 | |||||
| SUM PV LFCF | -1,615.99 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 4.32 |
| Free cash flow (t + 1) | -358.03 |
| Terminal Value | -15,432.47 |
| Present Value of Terminal Value | -12,491.01 |
Intrinsic Value
| Enterprise Value | -14,107 |
|---|---|
| Net Debt | 5,849 |
| Equity Value | -19,956 |
| Shares Outstanding | 36 |
| Equity Value Per Share | -554.33 |