Discounted Cash Flow (DCF) Analysis Levered
Industrias Bachoco, S.A.B. de C.V. (IBA)
$53
-0.98 (-1.82%)
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 | 61,052.10 | 61,658.60 | 68,791.30 | 81,699.10 | 98,890.70 | 111,837.41 | 126,479.10 | 143,037.67 | 161,764.07 | 182,942.13 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 2,886.70 | 3,361.50 | 5,288.40 | 8,127.10 | 5,805 | 7,534.57 | 8,520.99 | 9,636.55 | 10,898.17 | 12,324.95 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -1,996.30 | -2,025.10 | -2,305.90 | -3,501 | -4,647.70 | -4,225.51 | -4,778.71 | -5,404.33 | -6,111.87 | -6,912.03 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 890.40 | 1,336.40 | 2,982.50 | 4,626.10 | 1,157.30 | 3,309.06 | 3,742.28 | 4,232.22 | 4,786.30 | 5,412.92 |
Weighted Average Cost Of Capital
| Share price | $ 53 |
|---|---|
| Beta | 0.722 |
| Diluted Shares Outstanding | 49.98 |
| Cost of Debt | |
| Tax Rate | 23.96 |
| After-tax Cost of Debt | 5.82% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 7.968 |
| Total Debt | 4,192 |
| Total Equity | 2,648.81 |
| Total Capital | 6,840.81 |
| Debt Weighting | 61.28 |
| Equity Weighting | 38.72 |
| 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 | 61,052.10 | 61,658.60 | 68,791.30 | 81,699.10 | 98,890.70 | 111,837.41 | 126,479.10 | 143,037.67 | 161,764.07 | 182,942.13 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 2,886.70 | 3,361.50 | 5,288.40 | 8,127.10 | 5,805 | 7,534.57 | 8,520.99 | 9,636.55 | 10,898.17 | 12,324.95 |
| Capital Expenditure | -1,996.30 | -2,025.10 | -2,305.90 | -3,501 | -4,647.70 | -4,225.51 | -4,778.71 | -5,404.33 | -6,111.87 | -6,912.03 |
| Free Cash Flow | 890.40 | 1,336.40 | 2,982.50 | 4,626.10 | 1,157.30 | 3,309.06 | 3,742.28 | 4,232.22 | 4,786.30 | 5,412.92 |
| WACC | ||||||||||
| PV LFCF | 3,102.73 | 3,290.14 | 3,488.88 | 3,699.61 | 3,923.08 | |||||
| SUM PV LFCF | 17,504.44 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 6.65 |
| Free cash flow (t + 1) | 5,521.18 |
| Terminal Value | 118,734.96 |
| Present Value of Terminal Value | 86,054.64 |
Intrinsic Value
| Enterprise Value | 103,559.08 |
|---|---|
| Net Debt | -15,857.50 |
| Equity Value | 119,416.58 |
| Shares Outstanding | 49.98 |
| Equity Value Per Share | 2,389.41 |