Discounted Cash Flow (DCF) Analysis Levered
Hecla Mining Company (HL)
$4.9
+0.03 (+0.62%)
All numbers are in Millions, Currency in USD
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 | 577.77 | 567.14 | 673.27 | 691.87 | 807.47 | 880.84 | 960.87 | 1,048.18 | 1,143.41 | 1,247.30 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 115.88 | 94.22 | 120.87 | 180.79 | 220.34 | 190.33 | 207.62 | 226.49 | 247.07 | 269.52 |
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 | -0.56 | 89.78 | 111.29 | 39.17 | 42.73 | 46.61 | 50.84 | 55.46 |
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 | 577.77 | 567.14 | 673.27 | 691.87 | 807.47 | 880.84 | 960.87 | 1,048.18 | 1,143.41 | 1,247.30 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 115.88 | 94.22 | 120.87 | 180.79 | 220.34 | 190.33 | 207.62 | 226.49 | 247.07 | 269.52 |
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 | -0.56 | 89.78 | 111.29 | 39.17 | 42.73 | 46.61 | 50.84 | 55.46 |
WACC | ||||||||||
PV LFCF | 35.05 | 34.21 | 33.40 | 32.60 | 31.82 | |||||
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 |