Discounted Cash Flow (DCF) Analysis Levered
Graphic Packaging Holding Company (GPK)
$21.83
-0.01 (-0.05%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Actual | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
Revenue | 6,160.10 | 6,559.90 | 7,156 | 9,440 | 131 | 114.26 | 99.66 | 86.92 | 75.81 | 66.12 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 665.80 | 845.60 | 609 | 1,090 | 14.33 | 12.50 | 10.90 | 9.51 | 8.29 | 7.23 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -352.90 | -646.30 | -802 | -549 | -10.68 | -9.31 | -8.12 | -7.09 | -6.18 | -5.39 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 312.90 | 199.30 | -193 | 541 | 3.65 | 3.19 | 2.78 | 2.42 | 2.11 | 1.84 |
Weighted Average Cost Of Capital
Share price | $ 21.83 |
---|---|
Beta | 0.983 |
Diluted Shares Outstanding | - |
Cost of Debt | |
Tax Rate | 27.37 |
After-tax Cost of Debt | 2.72% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 9.444 |
Total Debt | 5,253 |
Total Equity | - |
Total Capital | 5,253 |
Debt Weighting | 100.00 |
Equity Weighting | 0.00 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Actual | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
Revenue | 6,160.10 | 6,559.90 | 7,156 | 9,440 | 131 | 114.26 | 99.66 | 86.92 | 75.81 | 66.12 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 665.80 | 845.60 | 609 | 1,090 | 14.33 | 12.50 | 10.90 | 9.51 | 8.29 | 7.23 |
Capital Expenditure | -352.90 | -646.30 | -802 | -549 | -10.68 | -9.31 | -8.12 | -7.09 | -6.18 | -5.39 |
Free Cash Flow | 312.90 | 199.30 | -193 | 541 | 3.65 | 3.19 | 2.78 | 2.42 | 2.11 | 1.84 |
WACC | ||||||||||
PV LFCF | 2.71 | 2.30 | 1.96 | 1.66 | 1.41 | |||||
SUM PV LFCF | 11.48 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 2.72 |
Free cash flow (t + 1) | 1.88 |
Terminal Value | 261.16 |
Present Value of Terminal Value | 228.37 |
Intrinsic Value
Enterprise Value | 239.85 |
---|---|
Net Debt | 5,103 |
Equity Value | -4,863.15 |
Shares Outstanding | - |
Equity Value Per Share | -Infinity |