Discounted Cash Flow (DCF) Analysis Levered

Chart Industries, Inc. (GTLS)

$202.61

-0.70 (-0.34%)
All numbers are in Millions, Currency in USD
Stock DCF: 12.00 | 202.61 | overvalue

Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 988.801,084.301,299.101,177.101,317.701,423.191,537.121,660.171,793.081,936.62
Revenue (%)
Operating Cash Flow 4788.80133.90172.70-21.30103.34111.61120.55130.20140.62
Operating Cash Flow (%)
Capital Expenditure -35.20-35.60-36.20-37.90-52.70-47.96-51.80-55.94-60.42-65.26
Capital Expenditure (%)
Free Cash Flow 11.8053.2097.70134.80-7455.3859.8164.6069.7775.36

Weighted Average Cost Of Capital

Share price $ 202.61
Beta 1.514
Diluted Shares Outstanding 36.45
Cost of Debt
Tax Rate 20.24
After-tax Cost of Debt 1.42%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.995
Total Debt 600.80
Total Equity 7,385.13
Total Capital 7,985.93
Debt Weighting 7.52
Equity Weighting 92.48
Wacc

Build Up Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 988.801,084.301,299.101,177.101,317.701,423.191,537.121,660.171,793.081,936.62
Operating Cash Flow 4788.80133.90172.70-21.30103.34111.61120.55130.20140.62
Capital Expenditure -35.20-35.60-36.20-37.90-52.70-47.96-51.80-55.94-60.42-65.26
Free Cash Flow 11.8053.2097.70134.80-7455.3859.8164.6069.7775.36
WACC
PV LFCF 50.6450.0249.4148.8048.20
SUM PV LFCF 247.07

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 9.35
Free cash flow (t + 1) 76.87
Terminal Value 1,045.80
Present Value of Terminal Value 668.89

Intrinsic Value

Enterprise Value 915.96
Net Debt 478.60
Equity Value 437.36
Shares Outstanding 36.45
Equity Value Per Share 12.00