Discounted Cash Flow (DCF) Analysis Levered

Knight-Swift Transportation Holding... (KNX)

$61.37

-0.67 (-1.08%)
All numbers are in Millions, Currency in USD
Stock DCF: 22.98 | 61.37 | overvalue

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 2,425.455,344.074,843.954,673.865,998.028,034.2610,761.7714,415.2319,308.9925,864.11
Revenue (%)
Operating Cash Flow 318.57881.98839.59919.6428.281,078.501,444.641,935.072,5923,471.94
Operating Cash Flow (%)
Capital Expenditure -387.19-756-829.98-521.07-74.80-958.33-1,283.66-1,719.45-2,303.18-3,085.07
Capital Expenditure (%)
Free Cash Flow -68.62125.989.62398.58-46.52120.17160.97215.62288.82386.87

Weighted Average Cost Of Capital

Share price $ 61.37
Beta 1.150
Diluted Shares Outstanding 170.55
Cost of Debt
Tax Rate 23.73
After-tax Cost of Debt 0.82%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.057
Total Debt 1,959.08
Total Equity 10,466.59
Total Capital 12,425.67
Debt Weighting 15.77
Equity Weighting 84.23
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 2,425.455,344.074,843.954,673.865,998.028,034.2610,761.7714,415.2319,308.9925,864.11
Operating Cash Flow 318.57881.98839.59919.6428.281,078.501,444.641,935.072,5923,471.94
Capital Expenditure -387.19-756-829.98-521.07-74.80-958.33-1,283.66-1,719.45-2,303.18-3,085.07
Free Cash Flow -68.62125.989.62398.58-46.52120.17160.97215.62288.82386.87
WACC
PV LFCF 111.52138.62172.31214.19266.24
SUM PV LFCF 902.89

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 7.76
Free cash flow (t + 1) 394.61
Terminal Value 6,850.82
Present Value of Terminal Value 4,714.70

Intrinsic Value

Enterprise Value 5,617.59
Net Debt 1,698.08
Equity Value 3,919.52
Shares Outstanding 170.55
Equity Value Per Share 22.98