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 |