Discounted Cash Flow (DCF) Analysis Levered

Luxfer Holdings PLC (LXFR)

$16.21

-0.22 (-1.34%)
All numbers are in Millions, Currency in USD
Stock DCF: 13.20 | 16.21 | 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 441.30487.90443.50324.80374.10364.63355.40346.40337.63329.08
Revenue (%)
Operating Cash Flow 45.2063.205.8049.6026.1034.0933.2332.3931.5730.77
Operating Cash Flow (%)
Capital Expenditure -11.30-13.90-13.90-8-9.10-9.80-9.55-9.31-9.08-8.85
Capital Expenditure (%)
Free Cash Flow 33.9049.30-8.1041.601724.2923.6823.0822.4921.93

Weighted Average Cost Of Capital

Share price $ 16.21
Beta 0.941
Diluted Shares Outstanding 28.03
Cost of Debt
Tax Rate 15.54
After-tax Cost of Debt 3.62%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.234
Total Debt 72.40
Total Equity 454.43
Total Capital 526.83
Debt Weighting 13.74
Equity Weighting 86.26
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 441.30487.90443.50324.80374.10364.63355.40346.40337.63329.08
Operating Cash Flow 45.2063.205.8049.6026.1034.0933.2332.3931.5730.77
Capital Expenditure -11.30-13.90-13.90-8-9.10-9.80-9.55-9.31-9.08-8.85
Free Cash Flow 33.9049.30-8.1041.601724.2923.6823.0822.4921.93
WACC
PV LFCF 21.3219.4717.7816.2314.82
SUM PV LFCF 95.67

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.74
Free cash flow (t + 1) 22.36
Terminal Value 471.80
Present Value of Terminal Value 340.51

Intrinsic Value

Enterprise Value 436.18
Net Debt 66.20
Equity Value 369.98
Shares Outstanding 28.03
Equity Value Per Share 13.20