Discounted Cash Flow (DCF) Analysis Levered

Hudbay Minerals Inc. (HBM)

$4.64

+0.03 (+0.65%)
All numbers are in Millions, Currency in USD
Stock DCF: 0.11 | 4.64 | overvalue

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 1,472.371,237.441,092.421,5021,461.441,487.441,513.911,540.851,568.271,596.17
Revenue (%)
Operating Cash Flow 479.55310.86239.48383.82487.80412.16419.49426.95434.55442.28
Operating Cash Flow (%)
Capital Expenditure -190.90-259.20-361.18-377.43-308.96-336.89-342.88-348.99-355.20-361.52
Capital Expenditure (%)
Free Cash Flow 288.6551.65-121.716.38178.8475.2776.6177.9779.3680.77

Weighted Average Cost Of Capital

Share price $ 4.64
Beta 2.070
Diluted Shares Outstanding 262.22
Cost of Debt
Tax Rate 26.54
After-tax Cost of Debt 3.99%
Risk-Free Rate
Market Risk Premium
Cost of Equity 14.397
Total Debt 1,245.18
Total Equity 1,216.69
Total Capital 2,461.87
Debt Weighting 50.58
Equity Weighting 49.42
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 1,472.371,237.441,092.421,5021,461.441,487.441,513.911,540.851,568.271,596.17
Operating Cash Flow 479.55310.86239.48383.82487.80412.16419.49426.95434.55442.28
Capital Expenditure -190.90-259.20-361.18-377.43-308.96-336.89-342.88-348.99-355.20-361.52
Free Cash Flow 288.6551.65-121.716.38178.8475.2776.6177.9779.3680.77
WACC
PV LFCF 68.9764.3259.9955.9552.18
SUM PV LFCF 301.42

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 9.13
Free cash flow (t + 1) 82.38
Terminal Value 1,155.45
Present Value of Terminal Value 746.50

Intrinsic Value

Enterprise Value 1,047.92
Net Debt 1,019.52
Equity Value 28.40
Shares Outstanding 262.22
Equity Value Per Share 0.11