Discounted Cash Flow (DCF) Analysis Levered
Kosmos Energy Ltd. (KOS)
$6.775
-0.03 (-0.37%)
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 | 886.67 | 1,499.42 | 804.03 | 1,332.01 | 2,245.35 | 3,126.46 | 4,353.33 | 6,061.63 | 8,440.29 | 11,752.38 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 260.49 | 628.15 | 196.14 | 374.34 | 1,130.48 | 1,088.75 | 1,515.98 | 2,110.87 | 2,939.21 | 4,092.60 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -1,183.51 | -352.01 | -379.59 | -938 | -809.38 | -1,942.36 | -2,704.57 | -3,765.87 | -5,243.65 | -7,301.33 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -923.01 | 276.14 | -183.45 | -563.65 | 321.10 | -853.61 | -1,188.58 | -1,655 | -2,304.44 | -3,208.74 |
Weighted Average Cost Of Capital
| Share price | $ 6.775 |
|---|---|
| Beta | 2.802 |
| Diluted Shares Outstanding | 416.94 |
| Cost of Debt | |
| Tax Rate | 32.79 |
| After-tax Cost of Debt | 3.57% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 16.982 |
| Total Debt | 2,225.91 |
| Total Equity | 2,824.79 |
| Total Capital | 5,050.70 |
| Debt Weighting | 44.07 |
| Equity Weighting | 55.93 |
| 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 | 886.67 | 1,499.42 | 804.03 | 1,332.01 | 2,245.35 | 3,126.46 | 4,353.33 | 6,061.63 | 8,440.29 | 11,752.38 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 260.49 | 628.15 | 196.14 | 374.34 | 1,130.48 | 1,088.75 | 1,515.98 | 2,110.87 | 2,939.21 | 4,092.60 |
| Capital Expenditure | -1,183.51 | -352.01 | -379.59 | -938 | -809.38 | -1,942.36 | -2,704.57 | -3,765.87 | -5,243.65 | -7,301.33 |
| Free Cash Flow | -923.01 | 276.14 | -183.45 | -563.65 | 321.10 | -853.61 | -1,188.58 | -1,655 | -2,304.44 | -3,208.74 |
| WACC | ||||||||||
| PV LFCF | -768.54 | -963.47 | -1,207.83 | -1,514.18 | -1,898.24 | |||||
| SUM PV LFCF | -6,352.26 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 11.07 |
| Free cash flow (t + 1) | -3,272.91 |
| Terminal Value | -36,085.01 |
| Present Value of Terminal Value | -21,347.30 |
Intrinsic Value
| Enterprise Value | -27,699.56 |
|---|---|
| Net Debt | 2,042.51 |
| Equity Value | -29,742.06 |
| Shares Outstanding | 416.94 |
| Equity Value Per Share | -71.33 |