Discounted Cash Flow (DCF) Analysis Levered
Genuine Parts Company (GPC)
$153.35
+4.13 (+2.77%)
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 | 19,392.30 | 16,537.43 | 18,870.51 | 22,095.97 | 23,200.04 | 24,359.28 | 25,576.44 | 26,854.42 | 28,196.26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 1,145.16 | 892.01 | 2,019.56 | 1,258.29 | 1,466.97 | 1,681.14 | 1,765.14 | 1,853.34 | 1,945.94 | 2,043.18 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -232.42 | -297.87 | -153.50 | -266.14 | -339.63 | -308.66 | -324.09 | -340.28 | -357.28 | -375.13 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 912.74 | 594.14 | 1,866.06 | 992.15 | 1,127.34 | 1,372.48 | 1,441.05 | 1,513.06 | 1,588.66 | 1,668.04 |
Weighted Average Cost Of Capital
| Share price | $ 153.35 |
|---|---|
| Beta | 0.898 |
| 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 | 7.994 |
| Total Debt | 4,164.84 |
| Total Equity | 21,825.08 |
| Total Capital | 25,989.92 |
| Debt Weighting | 16.02 |
| Equity Weighting | 83.98 |
| 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 | 19,392.30 | 16,537.43 | 18,870.51 | 22,095.97 | 23,200.04 | 24,359.28 | 25,576.44 | 26,854.42 | 28,196.26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 1,145.16 | 892.01 | 2,019.56 | 1,258.29 | 1,466.97 | 1,681.14 | 1,765.14 | 1,853.34 | 1,945.94 | 2,043.18 |
| Capital Expenditure | -232.42 | -297.87 | -153.50 | -266.14 | -339.63 | -308.66 | -324.09 | -340.28 | -357.28 | -375.13 |
| Free Cash Flow | 912.74 | 594.14 | 1,866.06 | 992.15 | 1,127.34 | 1,372.48 | 1,441.05 | 1,513.06 | 1,588.66 | 1,668.04 |
| WACC | ||||||||||
| PV LFCF | 1,283.53 | 1,260.32 | 1,237.53 | 1,215.16 | 1,193.19 | |||||
| SUM PV LFCF | 6,189.73 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 6.93 |
| Free cash flow (t + 1) | 1,701.40 |
| Terminal Value | 34,511.25 |
| Present Value of Terminal Value | 24,686.69 |
Intrinsic Value
| Enterprise Value | 30,876.42 |
|---|---|
| Net Debt | 3,511.38 |
| Equity Value | 27,365.04 |
| Shares Outstanding | 142.32 |
| Equity Value Per Share | 192.28 |