Discounted Cash Flow (DCF) Analysis Levered
Honeywell Automation India Limited (HONAUT.NS)
39853.75 ₹
+712.55 (+1.82%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Actual | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
| Revenue | 31,734.10 | 32,714.20 | 30,142.50 | 29,374.10 | 34,475.90 | 35,341.81 | 36,229.46 | 37,139.41 | 38,072.21 | 39,028.44 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 3,087.70 | 3,299.70 | 3,644 | 2,635.80 | 4,098.80 | 3,729.81 | 3,823.49 | 3,919.52 | 4,017.97 | 4,118.88 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -237.10 | -593.60 | -485.40 | -126.50 | -280.30 | -382.80 | -392.41 | -402.27 | -412.37 | -422.73 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 2,850.60 | 2,706.10 | 3,158.60 | 2,509.30 | 3,818.50 | 3,347.01 | 3,431.08 | 3,517.25 | 3,605.59 | 3,696.15 |
Weighted Average Cost Of Capital
| Share price | $ 39,853.75 |
|---|---|
| Beta | 0.401 |
| Diluted Shares Outstanding | 8.84 |
| Cost of Debt | |
| Tax Rate | 25.92 |
| After-tax Cost of Debt | 8.07% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 6.464 |
| Total Debt | 363.40 |
| Total Equity | 352,368.60 |
| Total Capital | 352,732 |
| Debt Weighting | 0.10 |
| Equity Weighting | 99.90 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Actual | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
| Revenue | 31,734.10 | 32,714.20 | 30,142.50 | 29,374.10 | 34,475.90 | 35,341.81 | 36,229.46 | 37,139.41 | 38,072.21 | 39,028.44 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 3,087.70 | 3,299.70 | 3,644 | 2,635.80 | 4,098.80 | 3,729.81 | 3,823.49 | 3,919.52 | 4,017.97 | 4,118.88 |
| Capital Expenditure | -237.10 | -593.60 | -485.40 | -126.50 | -280.30 | -382.80 | -392.41 | -402.27 | -412.37 | -422.73 |
| Free Cash Flow | 2,850.60 | 2,706.10 | 3,158.60 | 2,509.30 | 3,818.50 | 3,347.01 | 3,431.08 | 3,517.25 | 3,605.59 | 3,696.15 |
| WACC | ||||||||||
| PV LFCF | 3,143.62 | 3,026.74 | 2,914.22 | 2,805.87 | 2,701.55 | |||||
| SUM PV LFCF | 14,592 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 6.47 |
| Free cash flow (t + 1) | 3,770.07 |
| Terminal Value | 84,341.69 |
| Present Value of Terminal Value | 61,646.16 |
Intrinsic Value
| Enterprise Value | 76,238.16 |
|---|---|
| Net Debt | -4,445.90 |
| Equity Value | 80,684.06 |
| Shares Outstanding | 8.84 |
| Equity Value Per Share | 9,125.56 |