Discounted Cash Flow (DCF) Analysis Levered
Moelis & Company (MC)
$39.83
+0.05 (+0.13%)
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 | 885.84 | 746.53 | 943.28 | 1,540.61 | 985.30 | 1,078.68 | 1,180.90 | 1,292.82 | 1,415.34 | 1,549.48 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 390.89 | 209.31 | 429.22 | 936.98 | 32.99 | 392.28 | 429.46 | 470.16 | 514.71 | 563.49 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -6.92 | -6.47 | -40.66 | -16.43 | -5.96 | -16.46 | -18.02 | -19.72 | -21.59 | -23.64 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 383.97 | 202.84 | 388.56 | 920.55 | 27.04 | 375.82 | 411.44 | 450.43 | 493.12 | 539.85 |
Weighted Average Cost Of Capital
| Share price | $ 39.83 |
|---|---|
| Beta | 1.458 |
| Diluted Shares Outstanding | 70.32 |
| Cost of Debt | |
| Tax Rate | 30.50 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 10.575 |
| Total Debt | 192.76 |
| Total Equity | 2,800.85 |
| Total Capital | 2,993.61 |
| Debt Weighting | 6.44 |
| Equity Weighting | 93.56 |
| 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 | 885.84 | 746.53 | 943.28 | 1,540.61 | 985.30 | 1,078.68 | 1,180.90 | 1,292.82 | 1,415.34 | 1,549.48 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 390.89 | 209.31 | 429.22 | 936.98 | 32.99 | 392.28 | 429.46 | 470.16 | 514.71 | 563.49 |
| Capital Expenditure | -6.92 | -6.47 | -40.66 | -16.43 | -5.96 | -16.46 | -18.02 | -19.72 | -21.59 | -23.64 |
| Free Cash Flow | 383.97 | 202.84 | 388.56 | 920.55 | 27.04 | 375.82 | 411.44 | 450.43 | 493.12 | 539.85 |
| WACC | ||||||||||
| PV LFCF | - | - | - | - | - | |||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | 550.65 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -14.03 |
| Equity Value | - |
| Shares Outstanding | 70.32 |
| Equity Value Per Share | - |