Discounted Cash Flow (DCF) Analysis Levered

Hecla Mining Company (HL)

$4.9

+0.03 (+0.62%)
All numbers are in Millions, Currency in USD
Stock DCF: 0.33 | 4.9 | overvalue

Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 577.77567.14673.27691.87807.47880.84960.871,048.181,143.411,247.30
Revenue (%)
Operating Cash Flow 115.8894.22120.87180.79220.34190.33207.62226.49247.07269.52
Operating Cash Flow (%)
Capital Expenditure -98.04-136.93-121.42-91.02-109.05-151.16-164.90-179.88-196.23-214.06
Capital Expenditure (%)
Free Cash Flow 17.84-42.71-0.5689.78111.2939.1742.7346.6150.8455.46

Weighted Average Cost Of Capital

Share price $ 4.9
Beta 2.075
Diluted Shares Outstanding 536.97
Cost of Debt
Tax Rate -535.09
After-tax Cost of Debt 7.86%
Risk-Free Rate
Market Risk Premium
Cost of Equity 12.537
Total Debt 533.92
Total Equity 2,631.13
Total Capital 3,165.05
Debt Weighting 16.87
Equity Weighting 83.13
Wacc

Build Up Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 577.77567.14673.27691.87807.47880.84960.871,048.181,143.411,247.30
Operating Cash Flow 115.8894.22120.87180.79220.34190.33207.62226.49247.07269.52
Capital Expenditure -98.04-136.93-121.42-91.02-109.05-151.16-164.90-179.88-196.23-214.06
Free Cash Flow 17.84-42.71-0.5689.78111.2939.1742.7346.6150.8455.46
WACC
PV LFCF 35.0534.2133.4032.6031.82
SUM PV LFCF 167.08

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 11.75
Free cash flow (t + 1) 56.57
Terminal Value 580.21
Present Value of Terminal Value 332.93

Intrinsic Value

Enterprise Value 500.01
Net Debt 323.91
Equity Value 176.10
Shares Outstanding 536.97
Equity Value Per Share 0.33