Discounted Cash Flow (DCF) Analysis Levered
The Greenbrier Companies, Inc. (GBX)
$31.68
-0.12 (-0.38%)
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 | 2,519.46 | 3,033.59 | 2,792.19 | 1,747.98 | 2,977.70 | 3,315.68 | 3,692.03 | 4,111.09 | 4,577.72 | 5,097.31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 103.34 | -21.24 | 272.26 | -40.52 | -150.40 | 38.35 | 42.70 | 47.55 | 52.95 | 58.96 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -176.85 | -198.23 | -66.88 | -139.01 | -380.70 | -243.28 | -270.90 | -301.65 | -335.88 | -374.01 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -73.51 | -219.47 | 205.38 | -179.54 | -531.10 | -204.93 | -228.19 | -254.10 | -282.94 | -315.05 |
Weighted Average Cost Of Capital
| Share price | $ 31.68 |
|---|---|
| Beta | 1.536 |
| Diluted Shares Outstanding | 33.63 |
| Cost of Debt | |
| Tax Rate | 22.61 |
| After-tax Cost of Debt | -2.84% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 10.782 |
| Total Debt | 1,565.70 |
| Total Equity | 1,065.43 |
| Total Capital | 2,631.13 |
| Debt Weighting | 59.51 |
| Equity Weighting | 40.49 |
| 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 | 2,519.46 | 3,033.59 | 2,792.19 | 1,747.98 | 2,977.70 | 3,315.68 | 3,692.03 | 4,111.09 | 4,577.72 | 5,097.31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 103.34 | -21.24 | 272.26 | -40.52 | -150.40 | 38.35 | 42.70 | 47.55 | 52.95 | 58.96 |
| Capital Expenditure | -176.85 | -198.23 | -66.88 | -139.01 | -380.70 | -243.28 | -270.90 | -301.65 | -335.88 | -374.01 |
| Free Cash Flow | -73.51 | -219.47 | 205.38 | -179.54 | -531.10 | -204.93 | -228.19 | -254.10 | -282.94 | -315.05 |
| WACC | ||||||||||
| PV LFCF | -199.59 | -216.44 | -234.71 | -254.53 | -276.03 | |||||
| SUM PV LFCF | -1,181.30 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 2.68 |
| Free cash flow (t + 1) | -321.35 |
| Terminal Value | -47,257.81 |
| Present Value of Terminal Value | -41,404.19 |
Intrinsic Value
| Enterprise Value | -42,585.49 |
|---|---|
| Net Debt | 1,022.70 |
| Equity Value | -43,608.19 |
| Shares Outstanding | 33.63 |
| Equity Value Per Share | -1,296.67 |