Discounted Cash Flow (DCF) Analysis Levered
Huntsman Corporation (HUN)
$24.2
-0.34 (-1.39%)
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 | 9,379 | 6,797 | 6,018 | 8,453 | 8,023 | 7,950.48 | 7,878.62 | 7,807.41 | 7,736.84 | 7,666.90 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 1,207 | 897 | 253 | 952 | 914 | 841.55 | 833.95 | 826.41 | 818.94 | 811.54 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -313 | -274 | -249 | -342 | -272 | -301.20 | -298.48 | -295.78 | -293.10 | -290.46 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 894 | 623 | 4 | 610 | 642 | 540.36 | 535.47 | 530.63 | 525.84 | 521.08 |
Weighted Average Cost Of Capital
Share price | $ 24.2 |
---|---|
Beta | 1.175 |
Diluted Shares Outstanding | 203 |
Cost of Debt | |
Tax Rate | 34.00 |
After-tax Cost of Debt | 2.36% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 9.985 |
Total Debt | 1,737 |
Total Equity | 4,912.60 |
Total Capital | 6,649.60 |
Debt Weighting | 26.12 |
Equity Weighting | 73.88 |
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 | 9,379 | 6,797 | 6,018 | 8,453 | 8,023 | 7,950.48 | 7,878.62 | 7,807.41 | 7,736.84 | 7,666.90 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 1,207 | 897 | 253 | 952 | 914 | 841.55 | 833.95 | 826.41 | 818.94 | 811.54 |
Capital Expenditure | -313 | -274 | -249 | -342 | -272 | -301.20 | -298.48 | -295.78 | -293.10 | -290.46 |
Free Cash Flow | 894 | 623 | 4 | 610 | 642 | 540.36 | 535.47 | 530.63 | 525.84 | 521.08 |
WACC | ||||||||||
PV LFCF | 500.38 | 459.17 | 421.35 | 386.65 | 354.80 | |||||
SUM PV LFCF | 2,122.34 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 7.99 |
Free cash flow (t + 1) | 531.50 |
Terminal Value | 8,873.19 |
Present Value of Terminal Value | 6,041.74 |
Intrinsic Value
Enterprise Value | 8,164.08 |
---|---|
Net Debt | 1,083 |
Equity Value | 7,081.08 |
Shares Outstanding | 203 |
Equity Value Per Share | 34.88 |