Discounted Cash Flow (DCF) Analysis Levered

LANXESS Aktiengesellschaft (LXS.DE)

23.98 €

+0.19 (+0.80%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: -35.77 | 23.98 | overvalue

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 7,1976,8026,1047,5578,0888,392.938,709.359,037.719,378.449,732.03
Revenue (%)
Operating Cash Flow 586643585407159579.63601.48624.16647.69672.11
Operating Cash Flow (%)
Capital Expenditure -497-508-456-479-407-557.55-578.57-600.38-623.01-646.50
Capital Expenditure (%)
Free Cash Flow 89135129-72-24822.0822.9223.7824.6825.61

Weighted Average Cost Of Capital

Share price $ 23.98
Beta 1.702
Diluted Shares Outstanding 86.35
Cost of Debt
Tax Rate 28.02
After-tax Cost of Debt 1.53%
Risk-Free Rate
Market Risk Premium
Cost of Equity 12.657
Total Debt 4,230
Total Equity 2,070.58
Total Capital 6,300.58
Debt Weighting 67.14
Equity Weighting 32.86
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 7,1976,8026,1047,5578,0888,392.938,709.359,037.719,378.449,732.03
Operating Cash Flow 586643585407159579.63601.48624.16647.69672.11
Capital Expenditure -497-508-456-479-407-557.55-578.57-600.38-623.01-646.50
Free Cash Flow 89135129-72-24822.0822.9223.7824.6825.61
WACC
PV LFCF 2120.7120.4320.1619.88
SUM PV LFCF 102.18

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.19
Free cash flow (t + 1) 26.12
Terminal Value 818.83
Present Value of Terminal Value 635.80

Intrinsic Value

Enterprise Value 737.98
Net Debt 3,827
Equity Value -3,089.02
Shares Outstanding 86.35
Equity Value Per Share -35.77