Discounted Cash Flow (DCF) Analysis Levered

Hecla Mining Company (HL)

$5.34

-0.13 (-2.38%)
All numbers are in Millions, Currency in USD
Stock DCF: -0.56 | 5.34 | 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 567.14673.27691.87807.47574.97588.47602.28616.42630.89645.70
Revenue (%)
Operating Cash Flow 94.22120.87180.79220.3489.89121.95124.81127.74130.74133.81
Operating Cash Flow (%)
Capital Expenditure -136.93-121.42-91.02-109.05-149.38-111.60-114.22-116.90-119.64-122.45
Capital Expenditure (%)
Free Cash Flow -42.71-0.5689.78111.29-59.4910.3610.6010.8511.1011.36

Weighted Average Cost Of Capital

Share price $ 5.34
Beta 2.058
Diluted Shares Outstanding 557.34
Cost of Debt
Tax Rate 16.85
After-tax Cost of Debt 6.88%
Risk-Free Rate
Market Risk Premium
Cost of Equity 13.457
Total Debt 517.74
Total Equity 2,976.22
Total Capital 3,493.96
Debt Weighting 14.82
Equity Weighting 85.18
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 567.14673.27691.87807.47574.97588.47602.28616.42630.89645.70
Operating Cash Flow 94.22120.87180.79220.3489.89121.95124.81127.74130.74133.81
Capital Expenditure -136.93-121.42-91.02-109.05-149.38-111.60-114.22-116.90-119.64-122.45
Free Cash Flow -42.71-0.5689.78111.29-59.4910.3610.6010.8511.1011.36
WACC
PV LFCF 5.755.234.764.333.94
SUM PV LFCF 38.45

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 12.48
Free cash flow (t + 1) 11.59
Terminal Value 110.59
Present Value of Terminal Value 61.42

Intrinsic Value

Enterprise Value 99.87
Net Debt 413
Equity Value -313.12
Shares Outstanding 557.34
Equity Value Per Share -0.56