Discounted Cash Flow (DCF) Analysis Levered

LG Display Co., Ltd. (LPL)

$6.97

+0.13 (+1.90%)
All numbers are in Millions, Currency in USD
Stock DCF: -106,297.07 | 6.97 | 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 27,790,21624,336,571.0723,475,567.0324,230,124.1129,878,043.1930,666,693.2631,476,160.2632,306,993.6533,159,757.4234,035,030.44
Revenue (%)
Operating Cash Flow 6,764,201.104,484,122.982,706,545.072,286,947.915,753,445.975,090,043.035,224,397.975,362,299.305,503,840.625,649,118.02
Operating Cash Flow (%)
Capital Expenditure -7,046,882.90-8,422,816.91-7,467,980.95-2,956,858.02-3,777,235.10-7,152,960.82-7,341,767.80-7,535,558.45-7,734,464.34-7,938,620.48
Capital Expenditure (%)
Free Cash Flow -282,681.80-3,938,693.94-4,761,435.87-669,910.111,976,210.86-2,062,917.79-2,117,369.82-2,173,259.16-2,230,623.72-2,289,502.46

Weighted Average Cost Of Capital

Share price $ 6.97
Beta 1.231
Diluted Shares Outstanding 757.94
Cost of Debt
Tax Rate 30.99
After-tax Cost of Debt 4.95%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.555
Total Debt 12,772,457
Total Equity 5,282.87
Total Capital 12,777,739.87
Debt Weighting 99.96
Equity Weighting 0.04
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 27,790,21624,336,571.0723,475,567.0324,230,124.1129,878,043.1930,666,693.2631,476,160.2632,306,993.6533,159,757.4234,035,030.44
Operating Cash Flow 6,764,201.104,484,122.982,706,545.072,286,947.915,753,445.975,090,043.035,224,397.975,362,299.305,503,840.625,649,118.02
Capital Expenditure -7,046,882.90-8,422,816.91-7,467,980.95-2,956,858.02-3,777,235.10-7,152,960.82-7,341,767.80-7,535,558.45-7,734,464.34-7,938,620.48
Free Cash Flow -282,681.80-3,938,693.94-4,761,435.87-669,910.111,976,210.86-2,062,917.79-2,117,369.82-2,173,259.16-2,230,623.72-2,289,502.46
WACC
PV LFCF -1,965,432.34-1,921,980.93-1,879,490.14-1,837,938.73-1,797,305.92
SUM PV LFCF -9,402,148.07

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.96
Free cash flow (t + 1) -2,335,292.51
Terminal Value -78,895,017.30
Present Value of Terminal Value -61,934,190.50

Intrinsic Value

Enterprise Value -71,336,338.57
Net Debt 9,230,860
Equity Value -80,567,198.57
Shares Outstanding 757.94
Equity Value Per Share -106,297.07