Discounted Cash Flow (DCF) Analysis Levered

Logistec Corporation (LGT-B.TO)

$40.55

+1.50 (+3.84%)
All numbers are in Millions, Currency in USD
Stock DCF: 162.87 | 40.55 | undervalue

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 475.74584.88639.94604.70743.70836.36940.561,057.741,189.521,337.71
Revenue (%)
Operating Cash Flow 43.8059.0971.28108.4579.5998.83111.14124.99140.56158.07
Operating Cash Flow (%)
Capital Expenditure -22.01-16.34-35.10-23.62-44.42-38.11-42.86-48.20-54.20-60.96
Capital Expenditure (%)
Free Cash Flow 21.7942.7536.1984.8335.1660.7268.2876.7986.3697.12

Weighted Average Cost Of Capital

Share price $ 40.55
Beta 0.987
Diluted Shares Outstanding 13.12
Cost of Debt
Tax Rate 19.13
After-tax Cost of Debt 2.60%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.499
Total Debt 344.98
Total Equity 531.87
Total Capital 876.85
Debt Weighting 39.34
Equity Weighting 60.66
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 475.74584.88639.94604.70743.70836.36940.561,057.741,189.521,337.71
Operating Cash Flow 43.8059.0971.28108.4579.5998.83111.14124.99140.56158.07
Capital Expenditure -22.01-16.34-35.10-23.62-44.42-38.11-42.86-48.20-54.20-60.96
Free Cash Flow 21.7942.7536.1984.8335.1660.7268.2876.7986.3697.12
WACC
PV LFCF 57.5261.2765.2769.5274.06
SUM PV LFCF 327.64

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.57
Free cash flow (t + 1) 99.06
Terminal Value 2,774.76
Present Value of Terminal Value 2,116.04

Intrinsic Value

Enterprise Value 2,443.67
Net Debt 307.45
Equity Value 2,136.23
Shares Outstanding 13.12
Equity Value Per Share 162.87