Discounted Cash Flow (DCF) Analysis Levered

Industrias Bachoco, S.A.B. de C.V. (IBA)

$47.03

-0.79 (-1.65%)
All numbers are in Millions, Currency in USD
Stock DCF: 2,990.69 | 47.03 | undervalue

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 58,050.0361,052.0961,655.2568,79281,699.1089,153.5797,288.22106,165.09115,851.91126,422.59
Revenue (%)
Operating Cash Flow 5,479.393,505.843,275.355,817.608,127.106,935.837,568.678,259.269,012.869,835.22
Operating Cash Flow (%)
Capital Expenditure -2,126.36-1,977.57-2,199.60-2,346.41-3,501-3,239.10-3,534.64-3,857.15-4,209.09-4,593.14
Capital Expenditure (%)
Free Cash Flow 3,353.031,528.271,075.753,471.184,626.103,696.734,034.034,402.114,803.775,242.08

Weighted Average Cost Of Capital

Share price $ 47.03
Beta 0.732
Diluted Shares Outstanding 49.98
Cost of Debt
Tax Rate 24.65
After-tax Cost of Debt 3.77%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.152
Total Debt 1,924
Total Equity 2,350.79
Total Capital 4,274.79
Debt Weighting 45.01
Equity Weighting 54.99
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 58,050.0361,052.0961,655.2568,79281,699.1089,153.5797,288.22106,165.09115,851.91126,422.59
Operating Cash Flow 5,479.393,505.843,275.355,817.608,127.106,935.837,568.678,259.269,012.869,835.22
Capital Expenditure -2,126.36-1,977.57-2,199.60-2,346.41-3,501-3,239.10-3,534.64-3,857.15-4,209.09-4,593.14
Free Cash Flow 3,353.031,528.271,075.753,471.184,626.103,696.734,034.034,402.114,803.775,242.08
WACC
PV LFCF 3,499.703,615.473,735.073,858.633,986.28
SUM PV LFCF 18,695.15

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.63
Free cash flow (t + 1) 5,346.92
Terminal Value 147,298.18
Present Value of Terminal Value 112,011.08

Intrinsic Value

Enterprise Value 130,706.23
Net Debt -18,783.10
Equity Value 149,489.33
Shares Outstanding 49.98
Equity Value Per Share 2,990.69