Discounted Cash Flow (DCF) Analysis Levered
Magna International Inc. (MGA)
$65.155
-1.65 (-2.48%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 38,946 | 40,827 | 39,431 | 32,647 | 36,242 | 35,808.68 | 35,380.54 | 34,957.51 | 34,539.55 | 34,126.58 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 3,329 | 3,718 | 3,718 | 3,278 | 2,940 | 3,239.72 | 3,200.98 | 3,162.71 | 3,124.89 | 3,087.53 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -1,858 | -1,650 | -1,650 | -1,145 | -1,372 | -1,453.08 | -1,435.71 | -1,418.54 | -1,401.58 | -1,384.83 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 1,471 | 2,068 | 2,068 | 2,133 | 1,568 | 1,786.63 | 1,765.27 | 1,744.16 | 1,723.31 | 1,702.70 |
Weighted Average Cost Of Capital
| Share price | $ 65.155 |
|---|---|
| Beta | 1.582 |
| Diluted Shares Outstanding | 302.80 |
| Cost of Debt | |
| Tax Rate | 22.28 |
| After-tax Cost of Debt | 1.06% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 11.085 |
| Total Debt | 5,673 |
| Total Equity | 19,728.93 |
| Total Capital | 25,401.93 |
| Debt Weighting | 22.33 |
| Equity Weighting | 77.67 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 38,946 | 40,827 | 39,431 | 32,647 | 36,242 | 35,808.68 | 35,380.54 | 34,957.51 | 34,539.55 | 34,126.58 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 3,329 | 3,718 | 3,718 | 3,278 | 2,940 | 3,239.72 | 3,200.98 | 3,162.71 | 3,124.89 | 3,087.53 |
| Capital Expenditure | -1,858 | -1,650 | -1,650 | -1,145 | -1,372 | -1,453.08 | -1,435.71 | -1,418.54 | -1,401.58 | -1,384.83 |
| Free Cash Flow | 1,471 | 2,068 | 2,068 | 2,133 | 1,568 | 1,786.63 | 1,765.27 | 1,744.16 | 1,723.31 | 1,702.70 |
| WACC | ||||||||||
| PV LFCF | 1,074.15 | 975.02 | 885.03 | 803.35 | 729.21 | |||||
| SUM PV LFCF | 6,825.52 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 8.85 |
| Free cash flow (t + 1) | 1,736.76 |
| Terminal Value | 25,354.14 |
| Present Value of Terminal Value | 16,592.31 |
Intrinsic Value
| Enterprise Value | 23,417.82 |
|---|---|
| Net Debt | 2,725 |
| Equity Value | 20,692.82 |
| Shares Outstanding | 302.80 |
| Equity Value Per Share | 68.34 |