Discounted Cash Flow (DCF) Analysis Levered
IAMGOLD Corporation (IAG)
$1.63
+0.02 (+1.24%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
Revenue | 1,094.90 | 1,111 | 1,065.30 | 1,241.70 | 1,151.70 | 1,170.90 | 1,190.42 | 1,210.26 | 1,230.43 | 1,250.94 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 295.30 | 191.10 | 363 | 347.60 | 285 | 306.74 | 311.86 | 317.05 | 322.34 | 327.71 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -239.50 | -336 | -274.40 | -317.20 | -669.30 | -378.28 | -384.59 | -391 | -397.52 | -404.14 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 55.80 | -144.90 | 88.60 | 30.40 | -384.30 | -71.54 | -72.73 | -73.94 | -75.18 | -76.43 |
Weighted Average Cost Of Capital
Share price | $ 1.63 |
---|---|
Beta | 1.027 |
Diluted Shares Outstanding | 476.50 |
Cost of Debt | |
Tax Rate | 20.40 |
After-tax Cost of Debt | 3.98% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 7.736 |
Total Debt | 530 |
Total Equity | 776.70 |
Total Capital | 1,306.69 |
Debt Weighting | 40.56 |
Equity Weighting | 59.44 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
Revenue | 1,094.90 | 1,111 | 1,065.30 | 1,241.70 | 1,151.70 | 1,170.90 | 1,190.42 | 1,210.26 | 1,230.43 | 1,250.94 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 295.30 | 191.10 | 363 | 347.60 | 285 | 306.74 | 311.86 | 317.05 | 322.34 | 327.71 |
Capital Expenditure | -239.50 | -336 | -274.40 | -317.20 | -669.30 | -378.28 | -384.59 | -391 | -397.52 | -404.14 |
Free Cash Flow | 55.80 | -144.90 | 88.60 | 30.40 | -384.30 | -71.54 | -72.73 | -73.94 | -75.18 | -76.43 |
WACC | ||||||||||
PV LFCF | -56.22 | -53.81 | -51.51 | -49.31 | -47.20 | |||||
SUM PV LFCF | -309.18 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 6.21 |
Free cash flow (t + 1) | -77.96 |
Terminal Value | -1,851.74 |
Present Value of Terminal Value | -1,370.10 |
Intrinsic Value
Enterprise Value | -1,679.28 |
---|---|
Net Debt | -14.90 |
Equity Value | -1,664.38 |
Shares Outstanding | 476.50 |
Equity Value Per Share | -3.49 |