Discounted Cash Flow (DCF) Analysis Levered
Methode Electronics, Inc. (MEI)
$46.97
+0.20 (+0.43%)
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 | 908.30 | 1,000.30 | 1,023.90 | 1,088 | 1,163.60 | 1,238.35 | 1,317.91 | 1,402.57 | 1,492.68 | 1,588.57 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 117.80 | 102 | 140.60 | 179.80 | 98.80 | 153.34 | 163.20 | 173.68 | 184.84 | 196.71 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -48.40 | -49.80 | -45.10 | -24.90 | -38 | -50.19 | -53.42 | -56.85 | -60.50 | -64.39 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 69.40 | 52.20 | 95.50 | 154.90 | 60.80 | 103.15 | 109.78 | 116.83 | 124.34 | 132.32 |
Weighted Average Cost Of Capital
Share price | $ 46.97 |
---|---|
Beta | 1.132 |
Diluted Shares Outstanding | 37.85 |
Cost of Debt | |
Tax Rate | 13.76 |
After-tax Cost of Debt | 1.30% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 8.860 |
Total Debt | 231.30 |
Total Equity | 1,777.90 |
Total Capital | 2,009.20 |
Debt Weighting | 11.51 |
Equity Weighting | 88.49 |
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 | 908.30 | 1,000.30 | 1,023.90 | 1,088 | 1,163.60 | 1,238.35 | 1,317.91 | 1,402.57 | 1,492.68 | 1,588.57 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 117.80 | 102 | 140.60 | 179.80 | 98.80 | 153.34 | 163.20 | 173.68 | 184.84 | 196.71 |
Capital Expenditure | -48.40 | -49.80 | -45.10 | -24.90 | -38 | -50.19 | -53.42 | -56.85 | -60.50 | -64.39 |
Free Cash Flow | 69.40 | 52.20 | 95.50 | 154.90 | 60.80 | 103.15 | 109.78 | 116.83 | 124.34 | 132.32 |
WACC | ||||||||||
PV LFCF | 81.91 | 80.72 | 79.55 | 78.40 | 77.26 | |||||
SUM PV LFCF | 463.95 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 7.99 |
Free cash flow (t + 1) | 134.97 |
Terminal Value | 2,253.25 |
Present Value of Terminal Value | 1,534.23 |
Intrinsic Value
Enterprise Value | 1,998.18 |
---|---|
Net Debt | 59.30 |
Equity Value | 1,938.88 |
Shares Outstanding | 37.85 |
Equity Value Per Share | 51.22 |