Discounted Cash Flow (DCF) Analysis Levered
Hudbay Minerals Inc. (HBM)
$4.685
-0.09 (-1.78%)
All numbers are in Millions, Currency in USD
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 | 1,472.37 | 1,237.44 | 1,092.42 | 1,502 | 1,461.44 | 1,487.44 | 1,513.91 | 1,540.85 | 1,568.27 | 1,596.17 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 479.55 | 310.86 | 239.48 | 383.82 | 487.80 | 412.16 | 419.49 | 426.95 | 434.55 | 442.28 |
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 | 288.65 | 51.65 | -121.71 | 6.38 | 178.84 | 75.27 | 76.61 | 77.97 | 79.36 | 80.77 |
Weighted Average Cost Of Capital
Share price | $ 4.685 |
---|---|
Beta | 1.970 |
Diluted Shares Outstanding | 261.46 |
Cost of Debt | |
Tax Rate | 26.54 |
After-tax Cost of Debt | 3.99% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 13.031 |
Total Debt | 1,245.18 |
Total Equity | 1,224.95 |
Total Capital | 2,470.13 |
Debt Weighting | 50.41 |
Equity Weighting | 49.59 |
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 | 1,472.37 | 1,237.44 | 1,092.42 | 1,502 | 1,461.44 | 1,487.44 | 1,513.91 | 1,540.85 | 1,568.27 | 1,596.17 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 479.55 | 310.86 | 239.48 | 383.82 | 487.80 | 412.16 | 419.49 | 426.95 | 434.55 | 442.28 |
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 | 288.65 | 51.65 | -121.71 | 6.38 | 178.84 | 75.27 | 76.61 | 77.97 | 79.36 | 80.77 |
WACC | ||||||||||
PV LFCF | 69.39 | 65.11 | 61.09 | 57.32 | 53.79 | |||||
SUM PV LFCF | 306.70 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 8.47 |
Free cash flow (t + 1) | 82.38 |
Terminal Value | 1,273.31 |
Present Value of Terminal Value | 847.98 |
Intrinsic Value
Enterprise Value | 1,154.69 |
---|---|
Net Debt | 1,019.52 |
Equity Value | 135.17 |
Shares Outstanding | 261.46 |
Equity Value Per Share | 0.52 |