Discounted Cash Flow (DCF) Analysis Levered
Genuine Parts Company (GPC)
$143.26
+0.95 (+0.67%)
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 | 18,735.07 | 17,522.23 | 16,537.43 | 18,870.51 | 22,095.97 | 23,151.42 | 24,257.28 | 25,415.96 | 26,629.99 | 27,902 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 1,145.16 | 892.01 | 2,019.56 | 1,258.29 | 1,466.97 | 1,700.35 | 1,781.56 | 1,866.66 | 1,955.83 | 2,049.25 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -232.42 | -277.87 | -153.50 | -266.14 | -339.63 | -310.32 | -325.15 | -340.68 | -356.95 | -374 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 912.74 | 614.14 | 1,866.06 | 992.15 | 1,127.34 | 1,390.02 | 1,456.42 | 1,525.99 | 1,598.88 | 1,675.25 |
Weighted Average Cost Of Capital
| Share price | $ 143.26 |
|---|---|
| Beta | 0.909 |
| Diluted Shares Outstanding | 142.32 |
| Cost of Debt | |
| Tax Rate | 24.79 |
| After-tax Cost of Debt | 1.33% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 8.888 |
| Total Debt | 4,164.84 |
| Total Equity | 20,389.05 |
| Total Capital | 24,553.89 |
| Debt Weighting | 16.96 |
| Equity Weighting | 83.04 |
| 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 | 18,735.07 | 17,522.23 | 16,537.43 | 18,870.51 | 22,095.97 | 23,151.42 | 24,257.28 | 25,415.96 | 26,629.99 | 27,902 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 1,145.16 | 892.01 | 2,019.56 | 1,258.29 | 1,466.97 | 1,700.35 | 1,781.56 | 1,866.66 | 1,955.83 | 2,049.25 |
| Capital Expenditure | -232.42 | -277.87 | -153.50 | -266.14 | -339.63 | -310.32 | -325.15 | -340.68 | -356.95 | -374 |
| Free Cash Flow | 912.74 | 614.14 | 1,866.06 | 992.15 | 1,127.34 | 1,390.02 | 1,456.42 | 1,525.99 | 1,598.88 | 1,675.25 |
| WACC | ||||||||||
| PV LFCF | 1,291.72 | 1,257.71 | 1,224.60 | 1,192.35 | 1,160.96 | |||||
| SUM PV LFCF | 6,127.34 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 7.61 |
| Free cash flow (t + 1) | 1,708.76 |
| Terminal Value | 30,459.11 |
| Present Value of Terminal Value | 21,108.34 |
Intrinsic Value
| Enterprise Value | 27,235.68 |
|---|---|
| Net Debt | 3,511.38 |
| Equity Value | 23,724.30 |
| Shares Outstanding | 142.32 |
| Equity Value Per Share | 166.69 |