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
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 | 2,425.45 | 5,344.07 | 4,843.95 | 4,673.86 | 5,998.02 | 8,034.26 | 10,761.77 | 14,415.23 | 19,308.99 | 25,864.11 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 318.57 | 881.98 | 839.59 | 919.64 | 28.28 | 1,078.50 | 1,444.64 | 1,935.07 | 2,592 | 3,471.94 |
| 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 | -68.62 | 125.98 | 9.62 | 398.58 | -46.52 | 120.17 | 160.97 | 215.62 | 288.82 | 386.87 |
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 | 2,425.45 | 5,344.07 | 4,843.95 | 4,673.86 | 5,998.02 | 8,034.26 | 10,761.77 | 14,415.23 | 19,308.99 | 25,864.11 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 318.57 | 881.98 | 839.59 | 919.64 | 28.28 | 1,078.50 | 1,444.64 | 1,935.07 | 2,592 | 3,471.94 |
| 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 | -68.62 | 125.98 | 9.62 | 398.58 | -46.52 | 120.17 | 160.97 | 215.62 | 288.82 | 386.87 |
| WACC | ||||||||||
| PV LFCF | 111.52 | 138.62 | 172.31 | 214.19 | 266.24 | |||||
| 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 |