Discounted Cash Flow (DCF) Analysis Levered

Lantheus Holdings, Inc. (LNTH)

$74.7

-2.97 (-3.82%)
All numbers are in Millions, Currency in USD
Stock DCF: 17.37 | 74.7 | overvalue

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 331.38343.37347.34339.41425.21454.73486.30520.06556.17594.78
Revenue (%)
Operating Cash Flow 54.7861.1980.3816.4053.9268.2172.9578.0183.4389.22
Operating Cash Flow (%)
Capital Expenditure -17.54-20.13-22.06-12.47-12.14-21.86-23.38-25-26.74-28.60
Capital Expenditure (%)
Free Cash Flow 37.2341.0658.323.9241.7846.3549.5753.0156.6960.63

Weighted Average Cost Of Capital

Share price $ 74.7
Beta 0.773
Diluted Shares Outstanding 54.13
Cost of Debt
Tax Rate 5.01
After-tax Cost of Debt 3.85%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.473
Total Debt 191.31
Total Equity 4,043.81
Total Capital 4,235.12
Debt Weighting 4.52
Equity Weighting 95.48
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 331.38343.37347.34339.41425.21454.73486.30520.06556.17594.78
Operating Cash Flow 54.7861.1980.3816.4053.9268.2172.9578.0183.4389.22
Capital Expenditure -17.54-20.13-22.06-12.47-12.14-21.86-23.38-25-26.74-28.60
Free Cash Flow 37.2341.0658.323.9241.7846.3549.5753.0156.6960.63
WACC
PV LFCF 43.1943.0542.9042.7542.61
SUM PV LFCF 214.50

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 7.31
Free cash flow (t + 1) 61.84
Terminal Value 1,164.59
Present Value of Terminal Value 818.41

Intrinsic Value

Enterprise Value 1,032.91
Net Debt 92.80
Equity Value 940.11
Shares Outstanding 54.13
Equity Value Per Share 17.37