Discounted Cash Flow (DCF) Analysis Levered
Hindustan Oil Exploration Company L... (HINDOILEXP.NS)
162.3 ₹
+1.65 (+1.03%)
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 | 2,651.41 | 2,020.55 | 1,138.65 | 1,557.25 | 5,589.15 | 8,778.25 | 13,787 | 21,653.68 | 34,008.97 | 53,414.04 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 1,673.57 | 3,155.09 | -766.10 | 1,079.66 | 2,193.41 | 4,574.59 | 7,184.80 | 11,284.34 | 17,723.04 | 27,835.57 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -1,183.19 | -3,029.56 | -2,066.15 | -2,659.96 | -718.22 | -9,826.03 | -15,432.64 | -24,238.29 | -38,068.33 | -59,789.61 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 490.38 | 125.53 | -2,832.25 | -1,580.30 | 1,475.19 | -5,251.44 | -8,247.84 | -12,953.95 | -20,345.29 | -31,954.05 |
Weighted Average Cost Of Capital
| Share price | $ 162.3 |
|---|---|
| Beta | 1.061 |
| Diluted Shares Outstanding | 132.24 |
| Cost of Debt | |
| Tax Rate | -1.64 |
| After-tax Cost of Debt | 4.16% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.164 |
| Total Debt | 3,641.98 |
| Total Equity | 21,463.09 |
| Total Capital | 25,105.07 |
| Debt Weighting | 14.51 |
| Equity Weighting | 85.49 |
| 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 | 2,651.41 | 2,020.55 | 1,138.65 | 1,557.25 | 5,589.15 | 8,778.25 | 13,787 | 21,653.68 | 34,008.97 | 53,414.04 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 1,673.57 | 3,155.09 | -766.10 | 1,079.66 | 2,193.41 | 4,574.59 | 7,184.80 | 11,284.34 | 17,723.04 | 27,835.57 |
| Capital Expenditure | -1,183.19 | -3,029.56 | -2,066.15 | -2,659.96 | -718.22 | -9,826.03 | -15,432.64 | -24,238.29 | -38,068.33 | -59,789.61 |
| Free Cash Flow | 490.38 | 125.53 | -2,832.25 | -1,580.30 | 1,475.19 | -5,251.44 | -8,247.84 | -12,953.95 | -20,345.29 | -31,954.05 |
| WACC | ||||||||||
| PV LFCF | -4,842.71 | -7,013.93 | -10,158.59 | -14,713.16 | -21,309.75 | |||||
| SUM PV LFCF | -58,038.14 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 8.44 |
| Free cash flow (t + 1) | -32,593.13 |
| Terminal Value | -506,104.45 |
| Present Value of Terminal Value | -337,514.64 |
Intrinsic Value
| Enterprise Value | -395,552.78 |
|---|---|
| Net Debt | 3,343.19 |
| Equity Value | -398,895.97 |
| Shares Outstanding | 132.24 |
| Equity Value Per Share | -3,016.38 |