Discounted Cash Flow (DCF) Analysis Levered

Newell Brands Inc. (NWL)

$11.63

+0.11 (+0.95%)
All numbers are in Millions, Currency in USD
Stock DCF: 16.85 | 11.63 | 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 8,630.909,714.909,38510,5899,4599,726.7210,002.0210,285.1010,576.2010,875.54
Revenue (%)
Operating Cash Flow 6801,0441,432884-272765.61787.28809.56832.48856.04
Operating Cash Flow (%)
Capital Expenditure -384.40-264.90-259-289-312-310.63-319.42-328.46-337.76-347.32
Capital Expenditure (%)
Free Cash Flow 295.60779.101,173595-584454.98467.86481.10494.72508.72

Weighted Average Cost Of Capital

Share price $ 11.63
Beta 0.936
Diluted Shares Outstanding 417.40
Cost of Debt
Tax Rate -25.48
After-tax Cost of Debt 3.99%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.799
Total Debt 5,889
Total Equity 4,854.36
Total Capital 10,743.36
Debt Weighting 54.82
Equity Weighting 45.18
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 8,630.909,714.909,38510,5899,4599,726.7210,002.0210,285.1010,576.2010,875.54
Operating Cash Flow 6801,0441,432884-272765.61787.28809.56832.48856.04
Capital Expenditure -384.40-264.90-259-289-312-310.63-319.42-328.46-337.76-347.32
Free Cash Flow 295.60779.101,173595-584454.98467.86481.10494.72508.72
WACC
PV LFCF 430.41418.68407.28396.18385.39
SUM PV LFCF 2,037.93

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.71
Free cash flow (t + 1) 518.89
Terminal Value 13,986.36
Present Value of Terminal Value 10,595.57

Intrinsic Value

Enterprise Value 12,633.50
Net Debt 5,602
Equity Value 7,031.50
Shares Outstanding 417.40
Equity Value Per Share 16.85