Discounted Cash Flow (DCF) Analysis Levered
Liberty Latin America Ltd. (LILA)
$7.79
+0.08 (+1.04%)
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 | 3,705.70 | 3,867 | 3,764.60 | 4,799 | 4,815.10 | 5,170.42 | 5,551.96 | 5,961.66 | 6,401.59 | 6,873.98 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 816.80 | 918.20 | 640.10 | 1,016.20 | 868.80 | 1,054.85 | 1,132.69 | 1,216.27 | 1,306.02 | 1,402.40 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -776.40 | -589.10 | -565.80 | -736.30 | -660.10 | -830.03 | -891.28 | -957.05 | -1,027.67 | -1,103.50 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 40.40 | 329.10 | 74.30 | 279.90 | 208.70 | 224.82 | 241.41 | 259.23 | 278.35 | 298.90 |
Weighted Average Cost Of Capital
Share price | $ 7.79 |
---|---|
Beta | 1.325 |
Diluted Shares Outstanding | 232.61 |
Cost of Debt | |
Tax Rate | -52.17 |
After-tax Cost of Debt | 7.00% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 10.007 |
Total Debt | 7,957.40 |
Total Equity | 1,812.03 |
Total Capital | 9,769.43 |
Debt Weighting | 81.45 |
Equity Weighting | 18.55 |
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 | 3,705.70 | 3,867 | 3,764.60 | 4,799 | 4,815.10 | 5,170.42 | 5,551.96 | 5,961.66 | 6,401.59 | 6,873.98 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 816.80 | 918.20 | 640.10 | 1,016.20 | 868.80 | 1,054.85 | 1,132.69 | 1,216.27 | 1,306.02 | 1,402.40 |
Capital Expenditure | -776.40 | -589.10 | -565.80 | -736.30 | -660.10 | -830.03 | -891.28 | -957.05 | -1,027.67 | -1,103.50 |
Free Cash Flow | 40.40 | 329.10 | 74.30 | 279.90 | 208.70 | 224.82 | 241.41 | 259.23 | 278.35 | 298.90 |
WACC | ||||||||||
PV LFCF | 209.02 | 208.67 | 208.32 | 207.97 | 207.62 | |||||
SUM PV LFCF | 1,041.59 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 7.56 |
Free cash flow (t + 1) | 304.87 |
Terminal Value | 5,483.34 |
Present Value of Terminal Value | 3,808.82 |
Intrinsic Value
Enterprise Value | 4,850.41 |
---|---|
Net Debt | 7,176.40 |
Equity Value | -2,325.99 |
Shares Outstanding | 232.61 |
Equity Value Per Share | -10.00 |