Discounted Cash Flow (DCF) Analysis Levered

Public Joint Stock Company Mining a... (GMKN.ME)

16720 ₽

+170.00 (+1.03%)

All numbers are in Millions, Currency in USD

Stock DCF: 150,320,178,716.16 | 16720 | undervalue

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	11,670	13,563	15,545	17,852	1,184,477	20,671,069.88	360,744,133.19	6,295,577,848.39	109,868,177,466.49	1,917,380,216,797.87
Revenue (%)
Operating Cash Flow	6,493	7,546.23	8,648.99	9,932.57	659,023.92	11,501,050.27	200,712,224.12	3,502,758,093.08	61,128,883,966.01	1,066,799,463,631.04
Operating Cash Flow (%)
Capital Expenditure	-1,553	-1,804.91	-2,068.67	-2,375.68	-157,625.77	-2,750,828.67	-48,006,480.06	-837,791,954.60	-14,620,846,150.26	-255,157,788,249.45
Capital Expenditure (%)
Free Cash Flow	4,940	5,741.32	6,580.32	7,556.89	501,398.15	8,750,221.60	152,705,744.06	2,664,966,138.48	46,508,037,815.76	811,641,675,381.59

Weighted Average Cost Of Capital

Share price	$ 16,720
Beta	0.344
Diluted Shares Outstanding	152.86
Cost of Debt
Tax Rate	25.32
After-tax Cost of Debt	3.33%
Risk-Free Rate
Market Risk Premium
Cost of Equity	5.434
Total Debt	824,141
Total Equity	2,555,876
Total Capital	3,380,017
Debt Weighting	24.38
Equity Weighting	75.62
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	11,670	13,563	15,545	17,852	1,184,477	20,671,069.88	360,744,133.19	6,295,577,848.39	109,868,177,466.49	1,917,380,216,797.87
Operating Cash Flow	6,493	7,546.23	8,648.99	9,932.57	659,023.92	11,501,050.27	200,712,224.12	3,502,758,093.08	61,128,883,966.01	1,066,799,463,631.04
Capital Expenditure	-1,553	-1,804.91	-2,068.67	-2,375.68	-157,625.77	-2,750,828.67	-48,006,480.06	-837,791,954.60	-14,620,846,150.26	-255,157,788,249.45
Free Cash Flow	4,940	5,741.32	6,580.32	7,556.89	501,398.15	8,750,221.60	152,705,744.06	2,664,966,138.48	46,508,037,815.76	811,641,675,381.59
WACC
PV LFCF						8,339,898.59	138,719,913.59	2,307,367,915.79	38,379,109,106.39	638,370,675,834.48
SUM PV LFCF										679,204,212,668.83

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%)	4.92
Free cash flow (t + 1)	827,874,508,889.23
Terminal Value	28,351,866,742,781.70
Present Value of Terminal Value	22,299,249,635,313.93

Intrinsic Value

Enterprise Value	22,978,453,847,982.76
Net Debt	691,784
Equity Value	22,978,453,156,198.76
Shares Outstanding	152.86
Equity Value Per Share	150,320,178,716.16