Discounted Cash Flow (DCF) Analysis Levered
Hanesbrands Inc. (HBI)
$4.62
-0.01 (-0.22%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 6,803.95 | 6,966.92 | 7,133.79 | 7,304.66 | 7,479.62 | 7,658.78 | 7,842.22 | 8,030.05 | 8,222.39 | 8,419.33 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 643.40 | 803.43 | 748.63 | 766.57 | 784.93 | 803.73 | 822.98 | 842.69 | 862.87 | 883.54 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -86.29 | -101.08 | -96.99 | -99.31 | -101.69 | -104.13 | -106.62 | -109.18 | -111.79 | -114.47 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 557.11 | 702.35 | 651.64 | 667.25 | 683.23 | 699.60 | 716.36 | 733.51 | 751.08 | 769.07 |
Weighted Average Cost Of Capital
| Share price | $ 4.62 |
|---|---|
| Beta | 1.582 |
| Diluted Shares Outstanding | 349.97 |
| Cost of Debt | |
| Tax Rate | 136.06 |
| After-tax Cost of Debt | -1.32% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 11.214 |
| Total Debt | 4,300.52 |
| Total Equity | 1,616.86 |
| Total Capital | 5,917.38 |
| Debt Weighting | 72.68 |
| Equity Weighting | 27.32 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Projected | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 6,803.95 | 6,966.92 | 7,133.79 | 7,304.66 | 7,479.62 | 7,658.78 | 7,842.22 | 8,030.05 | 8,222.39 | 8,419.33 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 643.40 | 803.43 | 748.63 | 766.57 | 784.93 | 803.73 | 822.98 | 842.69 | 862.87 | 883.54 |
| Capital Expenditure | -86.29 | -101.08 | -96.99 | -99.31 | -101.69 | -104.13 | -106.62 | -109.18 | -111.79 | -114.47 |
| Free Cash Flow | 557.11 | 702.35 | 651.64 | 667.25 | 683.23 | 699.60 | 716.36 | 733.51 | 751.08 | 769.07 |
| WACC | ||||||||||
| PV LFCF | 612.08 | 613.79 | 615.50 | 617.22 | 618.94 | 620.67 | 622.40 | 624.14 | ||
| SUM PV LFCF | 3,444.90 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 2.11 |
| Free cash flow (t + 1) | 784.45 |
| Terminal Value | 713,139.60 |
| Present Value of Terminal Value | 642,440.89 |
Intrinsic Value
| Enterprise Value | 645,885.79 |
|---|---|
| Net Debt | 4,062.10 |
| Equity Value | 641,823.69 |
| Shares Outstanding | 349.97 |
| Equity Value Per Share | 1,833.94 |