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 |