Discounted Cash Flow (DCF) Analysis Levered

Logistec Corporation (LGT-B.TO)

$66.95

-0.02 (-0.03%)
All numbers are in Millions, Currency in USD
Stock DCF: 163.35 | 66.95 | undervalue

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 584.88639.94604.70743.70897.571,004.341,123.811,257.501,407.091,574.47
Revenue (%)
Operating Cash Flow 59.0971.28108.4579.5998.68122.27136.82153.09171.30191.68
Operating Cash Flow (%)
Capital Expenditure -16.34-35.10-23.62-44.42-52.49-48.22-53.96-60.37-67.56-75.59
Capital Expenditure (%)
Free Cash Flow 42.7536.1984.8335.1646.1874.0582.8692.72103.75116.09

Weighted Average Cost Of Capital

Share price $ 66.95
Beta 0.697
Diluted Shares Outstanding 13.01
Cost of Debt
Tax Rate 17.38
After-tax Cost of Debt 3.44%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.449
Total Debt 411.20
Total Equity 870.69
Total Capital 1,281.88
Debt Weighting 32.08
Equity Weighting 67.92
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 584.88639.94604.70743.70897.571,004.341,123.811,257.501,407.091,574.47
Operating Cash Flow 59.0971.28108.4579.5998.68122.27136.82153.09171.30191.68
Capital Expenditure -16.34-35.10-23.62-44.42-52.49-48.22-53.96-60.37-67.56-75.59
Free Cash Flow 42.7536.1984.8335.1646.1874.0582.8692.72103.75116.09
WACC
PV LFCF 51.7354.5357.4760.5863.85
SUM PV LFCF 388.55

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.16
Free cash flow (t + 1) 118.41
Terminal Value 2,846.39
Present Value of Terminal Value 2,111.01

Intrinsic Value

Enterprise Value 2,499.56
Net Debt 375.15
Equity Value 2,124.41
Shares Outstanding 13.01
Equity Value Per Share 163.35