Discounted Cash Flow (DCF) Analysis Levered
Hecla Mining Company (HL)
$5.34
-0.13 (-2.38%)
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 | 567.14 | 673.27 | 691.87 | 807.47 | 574.97 | 588.47 | 602.28 | 616.42 | 630.89 | 645.70 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 94.22 | 120.87 | 180.79 | 220.34 | 89.89 | 121.95 | 124.81 | 127.74 | 130.74 | 133.81 |
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 | -0.56 | 89.78 | 111.29 | -59.49 | 10.36 | 10.60 | 10.85 | 11.10 | 11.36 |
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 | 567.14 | 673.27 | 691.87 | 807.47 | 574.97 | 588.47 | 602.28 | 616.42 | 630.89 | 645.70 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 94.22 | 120.87 | 180.79 | 220.34 | 89.89 | 121.95 | 124.81 | 127.74 | 130.74 | 133.81 |
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 | -0.56 | 89.78 | 111.29 | -59.49 | 10.36 | 10.60 | 10.85 | 11.10 | 11.36 |
WACC | ||||||||||
PV LFCF | 5.75 | 5.23 | 4.76 | 4.33 | 3.94 | |||||
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 |