Discounted Cash Flow (DCF) Analysis Levered
Knight-Swift Transportation Holding... (KNX)
$55.96
-0.74 (-1.31%)
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 | 5,344.07 | 4,843.95 | 4,673.86 | 5,998.02 | 7,428.58 | 8,158.66 | 8,960.50 | 9,841.13 | 10,808.32 | 11,870.56 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 881.98 | 839.59 | 919.64 | 28.28 | 1,435.85 | 1,196.28 | 1,313.85 | 1,442.97 | 1,584.79 | 1,740.54 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -756 | -829.98 | -521.07 | -74.80 | -800.56 | -888.53 | -975.85 | -1,071.76 | -1,177.09 | -1,292.78 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 125.98 | 9.62 | 398.58 | -46.52 | 635.29 | 307.75 | 337.99 | 371.21 | 407.69 | 447.76 |
Weighted Average Cost Of Capital
| Share price | $ 55.96 |
|---|---|
| Beta | 1.174 |
| Diluted Shares Outstanding | 163.21 |
| Cost of Debt | |
| Tax Rate | 24.42 |
| After-tax Cost of Debt | 1.84% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.041 |
| Total Debt | 2,089.03 |
| Total Equity | 9,133.29 |
| Total Capital | 11,222.31 |
| Debt Weighting | 18.61 |
| Equity Weighting | 81.39 |
| 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 | 5,344.07 | 4,843.95 | 4,673.86 | 5,998.02 | 7,428.58 | 8,158.66 | 8,960.50 | 9,841.13 | 10,808.32 | 11,870.56 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 881.98 | 839.59 | 919.64 | 28.28 | 1,435.85 | 1,196.28 | 1,313.85 | 1,442.97 | 1,584.79 | 1,740.54 |
| Capital Expenditure | -756 | -829.98 | -521.07 | -74.80 | -800.56 | -888.53 | -975.85 | -1,071.76 | -1,177.09 | -1,292.78 |
| Free Cash Flow | 125.98 | 9.62 | 398.58 | -46.52 | 635.29 | 307.75 | 337.99 | 371.21 | 407.69 | 447.76 |
| WACC | ||||||||||
| PV LFCF | 212.38 | 216.58 | 220.86 | 225.22 | 229.67 | |||||
| SUM PV LFCF | 1,486.31 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 7.70 |
| Free cash flow (t + 1) | 456.72 |
| Terminal Value | 8,012.55 |
| Present Value of Terminal Value | 5,529.58 |
Intrinsic Value
| Enterprise Value | 7,015.89 |
|---|---|
| Net Debt | 1,892.26 |
| Equity Value | 5,123.63 |
| Shares Outstanding | 163.21 |
| Equity Value Per Share | 31.39 |