Discounted Cash Flow (DCF) Analysis Levered
PTT Global Chemical Public Company ... (GCB.F)
0.87 €
-0.02 (-2.25%)
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 | 518,654.74 | 412,810.23 | 329,291.17 | 468,953.18 | 683,953.68 | 765,379.20 | 856,498.52 | 958,465.72 | 1,072,572.23 | 1,200,263.26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 53,629.01 | 30,175.04 | 22,145.76 | 68,649.88 | -3,426.47 | 58,954.02 | 65,972.57 | 73,826.68 | 82,615.84 | 92,451.36 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -27,172.49 | -40,816.93 | -25,059.29 | -16,074.14 | -21,371.88 | -44,834.54 | -50,172.14 | -56,145.20 | -62,829.35 | -70,309.26 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 26,456.52 | -10,641.89 | -2,913.53 | 52,575.74 | -24,798.35 | 14,119.49 | 15,800.43 | 17,681.49 | 19,786.49 | 22,142.10 |
Weighted Average Cost Of Capital
| Share price | $ 0.87 |
|---|---|
| Beta | 1.229 |
| Diluted Shares Outstanding | 4,508.85 |
| Cost of Debt | |
| Tax Rate | 11.67 |
| After-tax Cost of Debt | 2.88% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 10.437 |
| Total Debt | 301,854.18 |
| Total Equity | 3,922.70 |
| Total Capital | 305,776.88 |
| Debt Weighting | 98.72 |
| Equity Weighting | 1.28 |
| 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 | 518,654.74 | 412,810.23 | 329,291.17 | 468,953.18 | 683,953.68 | 765,379.20 | 856,498.52 | 958,465.72 | 1,072,572.23 | 1,200,263.26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 53,629.01 | 30,175.04 | 22,145.76 | 68,649.88 | -3,426.47 | 58,954.02 | 65,972.57 | 73,826.68 | 82,615.84 | 92,451.36 |
| Capital Expenditure | -27,172.49 | -40,816.93 | -25,059.29 | -16,074.14 | -21,371.88 | -44,834.54 | -50,172.14 | -56,145.20 | -62,829.35 | -70,309.26 |
| Free Cash Flow | 26,456.52 | -10,641.89 | -2,913.53 | 52,575.74 | -24,798.35 | 14,119.49 | 15,800.43 | 17,681.49 | 19,786.49 | 22,142.10 |
| WACC | ||||||||||
| PV LFCF | 13,710.90 | 14,899.20 | 16,190.50 | 17,593.70 | 19,118.52 | |||||
| SUM PV LFCF | 81,512.82 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 2.98 |
| Free cash flow (t + 1) | 22,584.94 |
| Terminal Value | 2,304,585.56 |
| Present Value of Terminal Value | 1,989,886.93 |
Intrinsic Value
| Enterprise Value | 2,071,399.75 |
|---|---|
| Net Debt | 275,914.18 |
| Equity Value | 1,795,485.58 |
| Shares Outstanding | 4,508.85 |
| Equity Value Per Share | 398.21 |