Discounted Cash Flow (DCF) Analysis Levered

IAMGOLD Corporation (IAG)

$2.93

-0.06 (-2.01%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: -7.44 | 2.93 | overvalue

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 1,1111,065.301,241.701,151.70958.80931.11904.22878.11852.75828.12
Revenue (%)
Operating Cash Flow 191.10363347.60285408.70273.08265.19257.53250.10242.87
Operating Cash Flow (%)
Capital Expenditure -336-274.40-317.20-669.30-780.50-411.67-399.78-388.24-377.02-366.14
Capital Expenditure (%)
Free Cash Flow -144.9088.6030.40-384.30-371.80-138.59-134.59-130.70-126.93-123.26

Weighted Average Cost Of Capital

Share price $ 2.93
Beta 1.350
Diluted Shares Outstanding 476.50
Cost of Debt
Tax Rate 268.11
After-tax Cost of Debt 0.02%
Risk-Free Rate
Market Risk Premium
Cost of Equity 10.119
Total Debt 992.50
Total Equity 1,396.14
Total Capital 2,388.64
Debt Weighting 41.55
Equity Weighting 58.45
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 1,1111,065.301,241.701,151.70958.80931.11904.22878.11852.75828.12
Operating Cash Flow 191.10363347.60285408.70273.08265.19257.53250.10242.87
Capital Expenditure -336-274.40-317.20-669.30-780.50-411.67-399.78-388.24-377.02-366.14
Free Cash Flow -144.9088.6030.40-384.30-371.80-138.59-134.59-130.70-126.93-123.26
WACC
PV LFCF -103.96-95.31-87.39-80.12-73.46
SUM PV LFCF -554.10

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.92
Free cash flow (t + 1) -125.73
Terminal Value -3,207.33
Present Value of Terminal Value -2,405.76

Intrinsic Value

Enterprise Value -2,959.86
Net Debt 584.70
Equity Value -3,544.56
Shares Outstanding 476.50
Equity Value Per Share -7.44