Discounted Cash Flow (DCF) Analysis Levered

LANXESS Aktiengesellschaft (LXS.DE)

33.29 €

-0.71 (-2.09%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: -37.51 | 33.29 | 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 $ 33.29
Beta 1.732
Diluted Shares Outstanding 86.59
Cost of Debt
Tax Rate 2.72
After-tax Cost of Debt 2.07%
Risk-Free Rate
Market Risk Premium
Cost of Equity 11.921
Total Debt 4,230
Total Equity 2,882.51
Total Capital 7,112.51
Debt Weighting 59.47
Equity Weighting 40.53
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 19.6319.2118.7918.3917.99
SUM PV LFCF 99.71

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.06
Free cash flow (t + 1) 26.12
Terminal Value 643.36
Present Value of Terminal Value 479.40

Intrinsic Value

Enterprise Value 579.11
Net Debt 3,827
Equity Value -3,247.89
Shares Outstanding 86.59
Equity Value Per Share -37.51