Discounted Cash Flow (DCF) Analysis Levered
Methanex Corporation (MEOH)
$45.77
+0.89 (+1.98%)
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 | 3,931.85 | 2,784.49 | 2,649.96 | 4,414.56 | 4,311.19 | 4,637.06 | 4,987.57 | 5,364.58 | 5,770.08 | 6,206.23 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 980.21 | 515.43 | 461.08 | 993.93 | 977.76 | 983.38 | 1,057.71 | 1,137.66 | 1,223.65 | 1,316.15 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -244.48 | -323.86 | -341.82 | -245.44 | -577.38 | -460.92 | -495.76 | -533.24 | -573.54 | -616.90 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 735.73 | 191.57 | 119.27 | 748.49 | 400.38 | 522.45 | 561.95 | 604.42 | 650.11 | 699.25 |
Weighted Average Cost Of Capital
Share price | $ 45.77 |
---|---|
Beta | 2.003 |
Diluted Shares Outstanding | 71.68 |
Cost of Debt | |
Tax Rate | 39.22 |
After-tax Cost of Debt | 2.64% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 14.053 |
Total Debt | 3,021.68 |
Total Equity | 3,280.68 |
Total Capital | 6,302.35 |
Debt Weighting | 47.95 |
Equity Weighting | 52.05 |
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 | 3,931.85 | 2,784.49 | 2,649.96 | 4,414.56 | 4,311.19 | 4,637.06 | 4,987.57 | 5,364.58 | 5,770.08 | 6,206.23 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 980.21 | 515.43 | 461.08 | 993.93 | 977.76 | 983.38 | 1,057.71 | 1,137.66 | 1,223.65 | 1,316.15 |
Capital Expenditure | -244.48 | -323.86 | -341.82 | -245.44 | -577.38 | -460.92 | -495.76 | -533.24 | -573.54 | -616.90 |
Free Cash Flow | 735.73 | 191.57 | 119.27 | 748.49 | 400.38 | 522.45 | 561.95 | 604.42 | 650.11 | 699.25 |
WACC | ||||||||||
PV LFCF | 481.17 | 476.64 | 472.16 | 467.72 | 463.32 | |||||
SUM PV LFCF | 2,361.02 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 8.58 |
Free cash flow (t + 1) | 713.24 |
Terminal Value | 10,839.45 |
Present Value of Terminal Value | 7,182.21 |
Intrinsic Value
Enterprise Value | 9,543.23 |
---|---|
Net Debt | 2,163.93 |
Equity Value | 7,379.31 |
Shares Outstanding | 71.68 |
Equity Value Per Share | 102.95 |