Discounted Cash Flow (DCF) Analysis Levered

Huntsman Corporation (HUN)

$24.2

-0.34 (-1.39%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: 34.88 | 24.2 | undervalue

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 9,3796,7976,0188,4538,0237,950.487,878.627,807.417,736.847,666.90
Revenue (%)
Operating Cash Flow 1,207897253952914841.55833.95826.41818.94811.54
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 8946234610642540.36535.47530.63525.84521.08

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 9,3796,7976,0188,4538,0237,950.487,878.627,807.417,736.847,666.90
Operating Cash Flow 1,207897253952914841.55833.95826.41818.94811.54
Capital Expenditure -313-274-249-342-272-301.20-298.48-295.78-293.10-290.46
Free Cash Flow 8946234610642540.36535.47530.63525.84521.08
WACC
PV LFCF 500.38459.17421.35386.65354.80
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