Discounted Cash Flow (DCF) Analysis Levered

NCR Corporation (NCR)

$27.065

+0.32 (+1.18%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: 52.91 | 27.065 | undervalue

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 6,4056,9156,2077,1567,8448,287.728,756.559,251.899,775.2610,328.23
Revenue (%)
Operating Cash Flow 5366286411,077447804.34849.84897.92948.711,002.38
Operating Cash Flow (%)
Capital Expenditure -313-329-263-348-377-390.37-412.45-435.78-460.43-486.48
Capital Expenditure (%)
Free Cash Flow 22329937872970413.97437.39462.13488.28515.90

Weighted Average Cost Of Capital

Share price $ 27.065
Beta 1.634
Diluted Shares Outstanding 141.20
Cost of Debt
Tax Rate 71.56
After-tax Cost of Debt 1.35%
Risk-Free Rate
Market Risk Premium
Cost of Equity 12.370
Total Debt 6,018
Total Equity 3,821.58
Total Capital 9,839.58
Debt Weighting 61.16
Equity Weighting 38.84
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 6,4056,9156,2077,1567,8448,287.728,756.559,251.899,775.2610,328.23
Operating Cash Flow 5366286411,077447804.34849.84897.92948.711,002.38
Capital Expenditure -313-329-263-348-377-390.37-412.45-435.78-460.43-486.48
Free Cash Flow 22329937872970413.97437.39462.13488.28515.90
WACC
PV LFCF 391.91392.01392.11392.21392.31
SUM PV LFCF 1,960.55

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.63
Free cash flow (t + 1) 526.22
Terminal Value 14,496.31
Present Value of Terminal Value 11,023.54

Intrinsic Value

Enterprise Value 12,984.09
Net Debt 5,513
Equity Value 7,471.09
Shares Outstanding 141.20
Equity Value Per Share 52.91