Discounted Cash Flow (DCF) Analysis Levered
Mohawk Industries, Inc. (MHK)
$94.58
-4.17 (-4.22%)
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 | 9,983.63 | 9,970.67 | 9,552.20 | 11,200.61 | 11,737.07 | 12,257 | 12,799.97 | 13,367 | 13,959.14 | 14,577.51 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 1,181.34 | 1,418.76 | 1,769.84 | 1,309.12 | 669.15 | 1,519.36 | 1,586.67 | 1,656.96 | 1,730.36 | 1,807.01 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -794.11 | -545.46 | -425.56 | -676.12 | -580.74 | -707.58 | -738.92 | -771.66 | -805.84 | -841.54 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 387.23 | 873.30 | 1,344.28 | 633 | 88.41 | 811.78 | 847.75 | 885.30 | 924.52 | 965.47 |
Weighted Average Cost Of Capital
| Share price | $ 94.58 |
|---|---|
| Beta | 1.280 |
| Diluted Shares Outstanding | 69.14 |
| Cost of Debt | |
| Tax Rate | 86.27 |
| After-tax Cost of Debt | 0.22% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.539 |
| Total Debt | 3,220.54 |
| Total Equity | 6,539.73 |
| Total Capital | 9,760.27 |
| Debt Weighting | 33.00 |
| Equity Weighting | 67.00 |
| 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 | 9,983.63 | 9,970.67 | 9,552.20 | 11,200.61 | 11,737.07 | 12,257 | 12,799.97 | 13,367 | 13,959.14 | 14,577.51 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 1,181.34 | 1,418.76 | 1,769.84 | 1,309.12 | 669.15 | 1,519.36 | 1,586.67 | 1,656.96 | 1,730.36 | 1,807.01 |
| Capital Expenditure | -794.11 | -545.46 | -425.56 | -676.12 | -580.74 | -707.58 | -738.92 | -771.66 | -805.84 | -841.54 |
| Free Cash Flow | 387.23 | 873.30 | 1,344.28 | 633 | 88.41 | 811.78 | 847.75 | 885.30 | 924.52 | 965.47 |
| WACC | ||||||||||
| PV LFCF | 593.62 | 582.30 | 571.20 | 560.30 | 549.62 | |||||
| SUM PV LFCF | 3,669.96 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 6.46 |
| Free cash flow (t + 1) | 984.78 |
| Terminal Value | 22,080.30 |
| Present Value of Terminal Value | 16,146.29 |
Intrinsic Value
| Enterprise Value | 19,816.25 |
|---|---|
| Net Debt | 2,710.91 |
| Equity Value | 17,105.34 |
| Shares Outstanding | 69.14 |
| Equity Value Per Share | 247.38 |