Discounted Cash Flow (DCF) Analysis Levered

Newell Brands Inc. (NWL)

$15.72

-0.12 (-0.76%)
All numbers are in Millions, Currency in USD
Stock DCF: 19.10 | 15.72 | undervalue

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 14,742.208,630.909,714.909,38510,58910,073.809,583.669,117.388,673.778,251.76
Revenue (%)
Operating Cash Flow 9326801,0441,432884978.24930.64885.36842.29801.31
Operating Cash Flow (%)
Capital Expenditure -406.20-384.40-264.90-259-289-310.77-295.65-281.27-267.58-254.56
Capital Expenditure (%)
Free Cash Flow 525.80295.60779.101,173595667.47634.99604.10574.70546.74

Weighted Average Cost Of Capital

Share price $ 15.72
Beta 0.867
Diluted Shares Outstanding 424.10
Cost of Debt
Tax Rate 17.46
After-tax Cost of Debt 3.92%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.642
Total Debt 5,386
Total Equity 6,666.85
Total Capital 12,052.85
Debt Weighting 44.69
Equity Weighting 55.31
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 14,742.208,630.909,714.909,38510,58910,073.809,583.669,117.388,673.778,251.76
Operating Cash Flow 9326801,0441,432884978.24930.64885.36842.29801.31
Capital Expenditure -406.20-384.40-264.90-259-289-310.77-295.65-281.27-267.58-254.56
Free Cash Flow 525.80295.60779.101,173595667.47634.99604.10574.70546.74
WACC
PV LFCF 629.80565.35507.50455.56408.94
SUM PV LFCF 2,567.17

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.98
Free cash flow (t + 1) 557.68
Terminal Value 14,012.01
Present Value of Terminal Value 10,480.47

Intrinsic Value

Enterprise Value 13,047.63
Net Debt 4,946
Equity Value 8,101.63
Shares Outstanding 424.10
Equity Value Per Share 19.10