Discounted Cash Flow (DCF) Analysis Levered

Lantheus Holdings, Inc. (LNTH)

$68.14

+1.87 (+2.82%)
All numbers are in Millions, Currency in USD
Stock DCF: 608.44 | 68.14 | undervalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 347.34339.41425.21935.061,296.431,884.842,740.333,984.095,792.368,421.36
Revenue (%)
Operating Cash Flow 80.3816.4053.92281.78305.26355.61517.02751.681,092.841,588.86
Operating Cash Flow (%)
Capital Expenditure -22.06-12.47-12.14-18.35-46.55-69.49-101.04-146.89-213.56-310.49
Capital Expenditure (%)
Free Cash Flow 58.323.9241.78263.43258.71286.12415.98604.78879.281,278.36

Weighted Average Cost Of Capital

Share price $ 68.14
Beta 0.530
Diluted Shares Outstanding 70.24
Cost of Debt
Tax Rate 20.51
After-tax Cost of Debt 3.44%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.829
Total Debt 616.95
Total Equity 4,786.09
Total Capital 5,403.03
Debt Weighting 11.42
Equity Weighting 88.58
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 347.34339.41425.21935.061,296.431,884.842,740.333,984.095,792.368,421.36
Operating Cash Flow 80.3816.4053.92281.78305.26355.61517.02751.681,092.841,588.86
Capital Expenditure -22.06-12.47-12.14-18.35-46.55-69.49-101.04-146.89-213.56-310.49
Free Cash Flow 58.323.9241.78263.43258.71286.12415.98604.78879.281,278.36
WACC
PV LFCF 268.81367.17501.52685.03935.68
SUM PV LFCF 2,758.20

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.44
Free cash flow (t + 1) 1,329.50
Terminal Value 54,487.57
Present Value of Terminal Value 39,881.65

Intrinsic Value

Enterprise Value 42,639.85
Net Debt -96.71
Equity Value 42,736.56
Shares Outstanding 70.24
Equity Value Per Share 608.44