Discounted Cash Flow (DCF) Analysis Levered
MasTec, Inc. (MTZ)
$79.97
+1.79 (+2.29%)
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 | 6,606.98 | 6,909.42 | 7,183.19 | 6,320.97 | 7,951.78 | 8,395.82 | 8,864.65 | 9,359.67 | 9,882.33 | 10,434.17 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 156.26 | 529.96 | 550.28 | 937.25 | 793.07 | 713.59 | 753.44 | 795.52 | 839.94 | 886.84 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -123.41 | -180.42 | -126.47 | -213.75 | -191.27 | -201.95 | -213.22 | -225.13 | -237.70 | -250.98 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 32.85 | 349.54 | 423.81 | 723.51 | 601.81 | 511.65 | 540.22 | 570.38 | 602.24 | 635.87 |
Weighted Average Cost Of Capital
Share price | $ 79.97 |
---|---|
Beta | 1.221 |
Diluted Shares Outstanding | 73.94 |
Cost of Debt | |
Tax Rate | 23.54 |
After-tax Cost of Debt | 1.99% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 8.729 |
Total Debt | 2,052.61 |
Total Equity | 5,913.06 |
Total Capital | 7,965.67 |
Debt Weighting | 25.77 |
Equity Weighting | 74.23 |
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 | 6,606.98 | 6,909.42 | 7,183.19 | 6,320.97 | 7,951.78 | 8,395.82 | 8,864.65 | 9,359.67 | 9,882.33 | 10,434.17 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 156.26 | 529.96 | 550.28 | 937.25 | 793.07 | 713.59 | 753.44 | 795.52 | 839.94 | 886.84 |
Capital Expenditure | -123.41 | -180.42 | -126.47 | -213.75 | -191.27 | -201.95 | -213.22 | -225.13 | -237.70 | -250.98 |
Free Cash Flow | 32.85 | 349.54 | 423.81 | 723.51 | 601.81 | 511.65 | 540.22 | 570.38 | 602.24 | 635.87 |
WACC | ||||||||||
PV LFCF | 478.22 | 471.94 | 465.73 | 459.61 | 453.58 | |||||
SUM PV LFCF | 2,329.08 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 6.99 |
Free cash flow (t + 1) | 648.58 |
Terminal Value | 12,997.65 |
Present Value of Terminal Value | 9,271.48 |
Intrinsic Value
Enterprise Value | 11,600.56 |
---|---|
Net Debt | 2,052.61 |
Equity Value | 9,547.95 |
Shares Outstanding | 73.94 |
Equity Value Per Share | 129.13 |