Discounted Cash Flow (DCF) Analysis Levered
Hologic, Inc. (HOLX)
$84.31
-0.37 (-0.44%)
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 | 3,217.90 | 3,367.30 | 3,776.40 | 5,632.30 | 4,862.80 | 5,498.30 | 6,216.85 | 7,029.31 | 7,947.94 | 8,986.62 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 732.90 | 649.50 | 896.60 | 2,330.40 | 2,125.70 | 1,659.34 | 1,876.19 | 2,121.38 | 2,398.62 | 2,712.08 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -105.60 | -113.60 | -156.40 | -162.70 | -127.20 | -179.26 | -202.68 | -229.17 | -259.12 | -292.99 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 627.30 | 535.90 | 740.20 | 2,167.70 | 1,998.50 | 1,480.08 | 1,673.50 | 1,892.21 | 2,139.49 | 2,419.10 |
Weighted Average Cost Of Capital
| Share price | $ 84.31 |
|---|---|
| Beta | 1.021 |
| Diluted Shares Outstanding | 253.84 |
| Cost of Debt | |
| Tax Rate | 18.02 |
| After-tax Cost of Debt | 2.67% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 8.438 |
| Total Debt | 2,921.60 |
| Total Equity | 21,401.67 |
| Total Capital | 24,323.27 |
| Debt Weighting | 12.01 |
| Equity Weighting | 87.99 |
| 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 | 3,217.90 | 3,367.30 | 3,776.40 | 5,632.30 | 4,862.80 | 5,498.30 | 6,216.85 | 7,029.31 | 7,947.94 | 8,986.62 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 732.90 | 649.50 | 896.60 | 2,330.40 | 2,125.70 | 1,659.34 | 1,876.19 | 2,121.38 | 2,398.62 | 2,712.08 |
| Capital Expenditure | -105.60 | -113.60 | -156.40 | -162.70 | -127.20 | -179.26 | -202.68 | -229.17 | -259.12 | -292.99 |
| Free Cash Flow | 627.30 | 535.90 | 740.20 | 2,167.70 | 1,998.50 | 1,480.08 | 1,673.50 | 1,892.21 | 2,139.49 | 2,419.10 |
| WACC | ||||||||||
| PV LFCF | 945.76 | 992.44 | 1,041.43 | 1,092.84 | 1,146.78 | |||||
| SUM PV LFCF | 7,580.45 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 7.75 |
| Free cash flow (t + 1) | 2,467.48 |
| Terminal Value | 42,912.65 |
| Present Value of Terminal Value | 29,546.01 |
Intrinsic Value
| Enterprise Value | 37,126.46 |
|---|---|
| Net Debt | 582.10 |
| Equity Value | 36,544.36 |
| Shares Outstanding | 253.84 |
| Equity Value Per Share | 143.96 |