Discounted Cash Flow (DCF) Analysis Levered

Alliant Energy Corporation (LNT)

$52.58

-0.96 (-1.79%)
All numbers are in Millions, Currency in USD
Stock DCF: 58.72 | 52.58 | 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 3,382.203,534.503,647.703,4163,6693,749.353,831.463,915.374,001.124,088.75
Revenue (%)
Operating Cash Flow 983.40527.70660.40501582694.67709.89725.43741.32757.56
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----694.67709.89725.43741.32757.56

Weighted Average Cost Of Capital

Share price $ 52.58
Beta 0.511
Diluted Shares Outstanding 250.70
Cost of Debt
Tax Rate -12.33
After-tax Cost of Debt 3.51%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.053
Total Debt 7,883
Total Equity 13,181.81
Total Capital 21,064.81
Debt Weighting 37.42
Equity Weighting 62.58
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 3,382.203,534.503,647.703,4163,6693,749.353,831.463,915.374,001.124,088.75
Operating Cash Flow 983.40527.70660.40501582694.67709.89725.43741.32757.56
Capital Expenditure ----------
Free Cash Flow -----694.67709.89725.43741.32757.56
WACC
PV LFCF 660.96642.66624.87607.57590.75
SUM PV LFCF 3,126.81

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.10
Free cash flow (t + 1) 772.71
Terminal Value 24,926.04
Present Value of Terminal Value 19,437.47

Intrinsic Value

Enterprise Value 22,564.29
Net Debt 7,844
Equity Value 14,720.29
Shares Outstanding 250.70
Equity Value Per Share 58.72