Discounted Cash Flow (DCF) Analysis Levered

The Hain Celestial Group, Inc. (HAIN)

$11.99

-0.11 (-0.91%)

All numbers are in Millions, Currency in USD

Stock DCF: -0.45 | 11.99 | overvalue

Free Cash Flow

Year A/P	2019 Actual	2020 Actual	2021 Actual	2022 Actual	2023 Projected	2024 Projected	2025 Projected	2026 Projected	2027 Projected	2028 Projected
Revenue	2,302.47	2,053.90	1,970.30	1,891.79	1,772.92	1,661.52	1,557.12	1,459.28	1,367.58	1,281.65
Revenue (%)
Operating Cash Flow	41.27	151.17	196.76	80.24	103.63	97.12	91.01	85.30	79.94	74.91
Operating Cash Flow (%)
Capital Expenditure	-77.13	-60.89	-71.55	-39.96	-53.45	-50.09	-46.94	-43.99	-41.23	-38.64
Capital Expenditure (%)
Free Cash Flow	-35.86	90.27	125.21	40.28	50.18	47.03	44.07	41.30	38.71	36.28

Weighted Average Cost Of Capital

Share price	$ 11.99
Beta	0.895
Diluted Shares Outstanding	93.34
Cost of Debt
Tax Rate	24.75
After-tax Cost of Debt	3.76%
Risk-Free Rate
Market Risk Premium
Cost of Equity	7.933
Total Debt	948.44
Total Equity	1,119.21
Total Capital	2,067.65
Debt Weighting	45.87
Equity Weighting	54.13
Wacc

Build Up Free Cash Flow

Year A/P	2019 Actual	2020 Actual	2021 Actual	2022 Actual	2023 Projected	2024 Projected	2025 Projected	2026 Projected	2027 Projected	2028 Projected
Revenue	2,302.47	2,053.90	1,970.30	1,891.79	1,772.92	1,661.52	1,557.12	1,459.28	1,367.58	1,281.65
Operating Cash Flow	41.27	151.17	196.76	80.24	103.63	97.12	91.01	85.30	79.94	74.91
Capital Expenditure	-77.13	-60.89	-71.55	-39.96	-53.45	-50.09	-46.94	-43.99	-41.23	-38.64
Free Cash Flow	-35.86	90.27	125.21	40.28	50.18	47.03	44.07	41.30	38.71	36.28
WACC
PV LFCF					50.18	44.36	39.21	34.66	30.64	27.08
SUM PV LFCF										175.94

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%)	6.02
Free cash flow (t + 1)	37
Terminal Value	920.42
Present Value of Terminal Value	687.14

Intrinsic Value

Enterprise Value	863.08
Net Debt	904.76
Equity Value	-41.68
Shares Outstanding	93.34
Equity Value Per Share	-0.45