Discounted Cash Flow (DCF) Analysis Levered
Huntsman Corporation (HUN)
$24.4
+0.20 (+0.83%)
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 | $ 24.4 |
---|---|
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 | 10.120 |
Total Debt | 1,737 |
Total Equity | 4,953.20 |
Total Capital | 6,690.20 |
Debt Weighting | 25.96 |
Equity Weighting | 74.04 |
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 | 499.87 | 458.23 | 420.06 | 385.08 | 353 | |||||
SUM PV LFCF | 2,116.24 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 8.10 |
Free cash flow (t + 1) | 531.50 |
Terminal Value | 8,713.18 |
Present Value of Terminal Value | 5,902.67 |
Intrinsic Value
Enterprise Value | 8,018.91 |
---|---|
Net Debt | 1,083 |
Equity Value | 6,935.91 |
Shares Outstanding | 203 |
Equity Value Per Share | 34.17 |