Discounted Cash Flow (DCF) Analysis Levered
Mobile TeleSystems Public Joint Sto... (MBT)
$5.5
0.00 (-%)
All numbers are in Millions, Currency in USD
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 | 442,911 | 480,293 | 476,106 | 494,925.99 | 534,402.99 | 560,451.88 | 587,770.48 | 616,420.70 | 646,467.44 | 677,978.78 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 144,640 | 154,390 | 106,652 | 155,507 | 142,846 | 162,926.49 | 170,868.16 | 179,196.94 | 187,931.70 | 197,092.22 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -76,431 | -92,009 | -91,736 | -97,409 | -111,683 | -107,899.89 | -113,159.35 | -118,675.18 | -124,459.87 | -130,526.53 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 68,209 | 62,381 | 14,916 | 58,098 | 31,163 | 55,026.60 | 57,708.81 | 60,521.76 | 63,471.83 | 66,565.69 |
Weighted Average Cost Of Capital
| Share price | $ 5.5 |
|---|---|
| Beta | 1.060 |
| Diluted Shares Outstanding | 880.23 |
| Cost of Debt | |
| Tax Rate | 19.86 |
| After-tax Cost of Debt | 5.38% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 8.519 |
| Total Debt | 616,648 |
| Total Equity | 4,841.29 |
| Total Capital | 621,489.29 |
| Debt Weighting | 99.22 |
| Equity Weighting | 0.78 |
| 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 | 442,911 | 480,293 | 476,106 | 494,925.99 | 534,402.99 | 560,451.88 | 587,770.48 | 616,420.70 | 646,467.44 | 677,978.78 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 144,640 | 154,390 | 106,652 | 155,507 | 142,846 | 162,926.49 | 170,868.16 | 179,196.94 | 187,931.70 | 197,092.22 |
| Capital Expenditure | -76,431 | -92,009 | -91,736 | -97,409 | -111,683 | -107,899.89 | -113,159.35 | -118,675.18 | -124,459.87 | -130,526.53 |
| Free Cash Flow | 68,209 | 62,381 | 14,916 | 58,098 | 31,163 | 55,026.60 | 57,708.81 | 60,521.76 | 63,471.83 | 66,565.69 |
| WACC | ||||||||||
| PV LFCF | 52,207.40 | 51,947.05 | 51,688 | 51,430.24 | 51,173.77 | |||||
| SUM PV LFCF | 258,446.46 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 5.40 |
| Free cash flow (t + 1) | 67,897.01 |
| Terminal Value | 1,996,970.77 |
| Present Value of Terminal Value | 1,535,213.05 |
Intrinsic Value
| Enterprise Value | 1,793,659.51 |
|---|---|
| Net Debt | 576,058 |
| Equity Value | 1,217,601.51 |
| Shares Outstanding | 880.23 |
| Equity Value Per Share | 1,383.27 |