Discounted Cash Flow (DCF) Analysis Levered
Methanex Corporation (MEOH)
$43.43
-0.46 (-1.05%)
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 | 3,283.51 | 2,649.96 | 4,414.56 | 4,311.19 | 4,617.97 | 4,946.58 | 5,298.57 | 5,675.62 | 6,079.49 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 980.21 | 515.43 | 461.08 | 993.93 | 977.76 | 953.35 | 1,021.18 | 1,093.85 | 1,171.69 | 1,255.07 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -244.48 | -323.86 | -341.82 | -245.44 | -577.38 | -442.70 | -474.20 | -507.95 | -544.09 | -582.81 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 735.73 | 191.57 | 119.27 | 748.49 | 400.38 | 510.65 | 546.98 | 585.91 | 627.60 | 672.26 |
Weighted Average Cost Of Capital
Share price | $ 43.43 |
---|---|
Beta | 2.029 |
Diluted Shares Outstanding | 76.24 |
Cost of Debt | |
Tax Rate | 39.22 |
After-tax Cost of Debt | 2.64% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 13.322 |
Total Debt | 3,021.68 |
Total Equity | 3,311.27 |
Total Capital | 6,332.94 |
Debt Weighting | 47.71 |
Equity Weighting | 52.29 |
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 | 3,283.51 | 2,649.96 | 4,414.56 | 4,311.19 | 4,617.97 | 4,946.58 | 5,298.57 | 5,675.62 | 6,079.49 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 980.21 | 515.43 | 461.08 | 993.93 | 977.76 | 953.35 | 1,021.18 | 1,093.85 | 1,171.69 | 1,255.07 |
Capital Expenditure | -244.48 | -323.86 | -341.82 | -245.44 | -577.38 | -442.70 | -474.20 | -507.95 | -544.09 | -582.81 |
Free Cash Flow | 735.73 | 191.57 | 119.27 | 748.49 | 400.38 | 510.65 | 546.98 | 585.91 | 627.60 | 672.26 |
WACC | ||||||||||
PV LFCF | 436.02 | 431.57 | 427.17 | 422.81 | 418.50 | |||||
SUM PV LFCF | 2,311.64 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 8.22 |
Free cash flow (t + 1) | 685.70 |
Terminal Value | 11,024.17 |
Present Value of Terminal Value | 7,426.91 |
Intrinsic Value
Enterprise Value | 9,738.56 |
---|---|
Net Debt | 2,163.93 |
Equity Value | 7,574.63 |
Shares Outstanding | 76.24 |
Equity Value Per Share | 99.35 |