Discounted Cash Flow (DCF) Analysis Levered
Intel Corporation (INL.DE)
25.96 €
+0.15 (+0.60%)
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 | 62,761 | 70,848 | 71,965 | 77,867 | 79,024 | 83,794.89 | 88,853.82 | 94,218.16 | 99,906.37 | 105,937.98 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 22,110 | 29,432 | 33,145 | 35,384 | 29,991 | 34,560.67 | 36,647.19 | 38,859.68 | 41,205.74 | 43,693.44 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -11,778 | -15,181 | -16,213 | -14,453 | -20,329 | -17,933.65 | -19,016.36 | -20,164.43 | -21,381.81 | -22,672.69 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 10,332 | 14,251 | 16,932 | 20,931 | 9,662 | 16,627.01 | 17,630.83 | 18,695.25 | 19,823.93 | 21,020.76 |
Weighted Average Cost Of Capital
| Share price | $ 25.96 |
|---|---|
| Beta | 0.765 |
| Diluted Shares Outstanding | 4,417 |
| Cost of Debt | |
| Tax Rate | 8.46 |
| After-tax Cost of Debt | 1.44% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 7.095 |
| Total Debt | 38,101 |
| Total Equity | 114,665.32 |
| Total Capital | 152,766.32 |
| Debt Weighting | 24.94 |
| Equity Weighting | 75.06 |
| 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 | 62,761 | 70,848 | 71,965 | 77,867 | 79,024 | 83,794.89 | 88,853.82 | 94,218.16 | 99,906.37 | 105,937.98 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 22,110 | 29,432 | 33,145 | 35,384 | 29,991 | 34,560.67 | 36,647.19 | 38,859.68 | 41,205.74 | 43,693.44 |
| Capital Expenditure | -11,778 | -15,181 | -16,213 | -14,453 | -20,329 | -17,933.65 | -19,016.36 | -20,164.43 | -21,381.81 | -22,672.69 |
| Free Cash Flow | 10,332 | 14,251 | 16,932 | 20,931 | 9,662 | 16,627.01 | 17,630.83 | 18,695.25 | 19,823.93 | 21,020.76 |
| WACC | ||||||||||
| PV LFCF | 15,733.36 | 15,786.55 | 15,839.92 | 15,893.47 | 15,947.20 | |||||
| SUM PV LFCF | 79,200.48 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 5.68 |
| Free cash flow (t + 1) | 21,441.17 |
| Terminal Value | 582,640.58 |
| Present Value of Terminal Value | 442,014.69 |
Intrinsic Value
| Enterprise Value | 521,215.18 |
|---|---|
| Net Debt | 33,274 |
| Equity Value | 487,941.18 |
| Shares Outstanding | 4,417 |
| Equity Value Per Share | 110.47 |