Discounted Cash Flow (DCF) Analysis Levered
Huntsman Corporation (HUN)
$25.09
-0.63 (-2.45%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
Revenue | 6,797 | 6,018 | 8,453 | 8,023 | 8,662.54 | 9,353.06 | 10,098.63 | 10,903.63 | 11,772.79 |
---|---|---|---|---|---|---|---|---|---|
Revenue (%) | |||||||||
Operating Cash Flow | 897 | 253 | 952 | 914 | 867.46 | 936.61 | 1,011.27 | 1,091.88 | 1,178.91 |
Operating Cash Flow (%) | |||||||||
Capital Expenditure | -274 | -249 | -342 | -272 | -337.95 | -364.88 | -393.97 | -425.38 | -459.28 |
Capital Expenditure (%) | |||||||||
Free Cash Flow | 623 | 4 | 610 | 642 | 529.51 | 571.72 | 617.29 | 666.50 | 719.63 |
Weighted Average Cost Of Capital
Share price | $ 25.09 |
---|---|
Beta | 1.143 |
Diluted Shares Outstanding | 203 |
Cost of Debt | |
Tax Rate | 34.00 |
After-tax Cost of Debt | 1.93% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 9.141 |
Total Debt | 2,124 |
Total Equity | 5,093.27 |
Total Capital | 7,217.27 |
Debt Weighting | 29.43 |
Equity Weighting | 70.57 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
Revenue | 6,797 | 6,018 | 8,453 | 8,023 | 8,662.54 | 9,353.06 | 10,098.63 | 10,903.63 | 11,772.79 |
---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 897 | 253 | 952 | 914 | 867.46 | 936.61 | 1,011.27 | 1,091.88 | 1,178.91 |
Capital Expenditure | -274 | -249 | -342 | -272 | -337.95 | -364.88 | -393.97 | -425.38 | -459.28 |
Free Cash Flow | 623 | 4 | 610 | 642 | 529.51 | 571.72 | 617.29 | 666.50 | 719.63 |
WACC | |||||||||
PV LFCF | 377.18 | 380.53 | 383.92 | 387.33 | 390.77 | ||||
SUM PV LFCF | 2,518.27 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 7.02 |
Free cash flow (t + 1) | 734.02 |
Terminal Value | 14,621.98 |
Present Value of Terminal Value | 10,415.53 |
Intrinsic Value
Enterprise Value | 12,933.80 |
---|---|
Net Debt | 1,470 |
Equity Value | 11,463.80 |
Shares Outstanding | 203 |
Equity Value Per Share | 56.47 |