Discounted Cash Flow (DCF) Analysis Levered
Louisiana-Pacific Corporation (LPX)
$55.65
-1.05 (-1.85%)
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 | 2,828 | 2,310 | 2,788 | 4,553 | 3,854 | 4,338.93 | 4,884.88 | 5,499.53 | 6,191.51 | 6,970.56 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 510.50 | 159 | 659 | 1,484 | 1,144 | 961.93 | 1,082.97 | 1,219.24 | 1,372.65 | 1,545.36 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -214.20 | -163 | -77 | -254 | -414 | -292.56 | -329.37 | -370.81 | -417.47 | -470 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 296.30 | -4 | 582 | 1,230 | 730 | 669.37 | 753.60 | 848.42 | 955.18 | 1,075.36 |
Weighted Average Cost Of Capital
Share price | $ 55.65 |
---|---|
Beta | 1.719 |
Diluted Shares Outstanding | 78 |
Cost of Debt | |
Tax Rate | 5.97 |
After-tax Cost of Debt | 2.61% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 12.549 |
Total Debt | 395 |
Total Equity | 4,340.70 |
Total Capital | 4,735.70 |
Debt Weighting | 8.34 |
Equity Weighting | 91.66 |
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 | 2,828 | 2,310 | 2,788 | 4,553 | 3,854 | 4,338.93 | 4,884.88 | 5,499.53 | 6,191.51 | 6,970.56 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 510.50 | 159 | 659 | 1,484 | 1,144 | 961.93 | 1,082.97 | 1,219.24 | 1,372.65 | 1,545.36 |
Capital Expenditure | -214.20 | -163 | -77 | -254 | -414 | -292.56 | -329.37 | -370.81 | -417.47 | -470 |
Free Cash Flow | 296.30 | -4 | 582 | 1,230 | 730 | 669.37 | 753.60 | 848.42 | 955.18 | 1,075.36 |
WACC | ||||||||||
PV LFCF | 599.15 | 603.78 | 608.44 | 613.14 | 617.87 | |||||
SUM PV LFCF | 3,042.39 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 11.72 |
Free cash flow (t + 1) | 1,096.87 |
Terminal Value | 11,284.65 |
Present Value of Terminal Value | 6,483.86 |
Intrinsic Value
Enterprise Value | 9,526.25 |
---|---|
Net Debt | 26 |
Equity Value | 9,500.25 |
Shares Outstanding | 78 |
Equity Value Per Share | 121.80 |