Discounted Cash Flow (DCF) Analysis Levered
Assicurazioni Generali S.p.A. (GEN.BR)
19.5 €
-0.31 (0.00%)
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 | 67,930 | 88,400 | 77,719 | 92,790 | 72,637 | 75,492.38 | 78,460 | 81,544.29 | 84,749.81 | 88,081.35 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 14,992 | 20,339 | 19,343 | 17,480 | 10,537 | 15,598.34 | 16,211.51 | 16,848.79 | 17,511.12 | 18,199.49 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -355 | -575 | -335 | -496.14 | -388.39 | -403.65 | -419.52 | -436.01 | -453.15 | -470.97 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 14,637 | 19,764 | 19,008 | 16,983.86 | 10,148.61 | 15,194.69 | 15,791.99 | 16,412.78 | 17,057.97 | 17,728.52 |
Weighted Average Cost Of Capital
| Share price | $ 19.5 |
|---|---|
| Beta | 1.027 |
| Diluted Shares Outstanding | 1,586.45 |
| Cost of Debt | |
| Tax Rate | 38.54 |
| After-tax Cost of Debt | 3.07% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.367 |
| Total Debt | 16,482 |
| Total Equity | 30,935.87 |
| Total Capital | 47,417.87 |
| Debt Weighting | 34.76 |
| Equity Weighting | 65.24 |
| 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 | 67,930 | 88,400 | 77,719 | 92,790 | 72,637 | 75,492.38 | 78,460 | 81,544.29 | 84,749.81 | 88,081.35 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 14,992 | 20,339 | 19,343 | 17,480 | 10,537 | 15,598.34 | 16,211.51 | 16,848.79 | 17,511.12 | 18,199.49 |
| Capital Expenditure | -355 | -575 | -335 | -496.14 | -388.39 | -403.65 | -419.52 | -436.01 | -453.15 | -470.97 |
| Free Cash Flow | 14,637 | 19,764 | 19,008 | 16,983.86 | 10,148.61 | 15,194.69 | 15,791.99 | 16,412.78 | 17,057.97 | 17,728.52 |
| WACC | ||||||||||
| PV LFCF | 18,708.24 | 18,141.13 | 17,591.22 | 17,057.97 | 16,540.89 | |||||
| SUM PV LFCF | 66,714.82 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 7.18 |
| Free cash flow (t + 1) | 18,083.09 |
| Terminal Value | 349,094.47 |
| Present Value of Terminal Value | 246,816.51 |
Intrinsic Value
| Enterprise Value | 313,531.33 |
|---|---|
| Net Debt | 9,239 |
| Equity Value | 304,292.33 |
| Shares Outstanding | 1,586.45 |
| Equity Value Per Share | 191.81 |