Discounted Cash Flow (DCF) Analysis Levered
NXP Semiconductors N.V. (NXPI)
$187.97
-2.98 (-1.56%)
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 | 9,407 | 8,877 | 8,612 | 11,063 | 13,205 | 14,499.18 | 15,920.20 | 17,480.49 | 19,193.70 | 21,074.82 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 4,369 | 2,373 | 2,482 | 3,077 | 3,895 | 4,619.62 | 5,072.37 | 5,569.50 | 6,115.35 | 6,714.70 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -661 | -628 | -522 | -932 | -1,063 | -1,062.41 | -1,166.53 | -1,280.86 | -1,406.40 | -1,544.23 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 3,708 | 1,745 | 1,960 | 2,145 | 2,832 | 3,557.21 | 3,905.84 | 4,288.64 | 4,708.96 | 5,170.47 |
Weighted Average Cost Of Capital
| Share price | $ 187.97 |
|---|---|
| Beta | 1.487 |
| Diluted Shares Outstanding | 264.05 |
| Cost of Debt | |
| Tax Rate | 17.13 |
| After-tax Cost of Debt | 4.14% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 10.641 |
| Total Debt | 11,165 |
| Total Equity | 49,634.04 |
| Total Capital | 60,799.04 |
| Debt Weighting | 18.36 |
| Equity Weighting | 81.64 |
| 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 | 9,407 | 8,877 | 8,612 | 11,063 | 13,205 | 14,499.18 | 15,920.20 | 17,480.49 | 19,193.70 | 21,074.82 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 4,369 | 2,373 | 2,482 | 3,077 | 3,895 | 4,619.62 | 5,072.37 | 5,569.50 | 6,115.35 | 6,714.70 |
| Capital Expenditure | -661 | -628 | -522 | -932 | -1,063 | -1,062.41 | -1,166.53 | -1,280.86 | -1,406.40 | -1,544.23 |
| Free Cash Flow | 3,708 | 1,745 | 1,960 | 2,145 | 2,832 | 3,557.21 | 3,905.84 | 4,288.64 | 4,708.96 | 5,170.47 |
| WACC | ||||||||||
| PV LFCF | 3,250.08 | 3,260.49 | 3,270.94 | 3,281.42 | 3,291.93 | |||||
| SUM PV LFCF | 16,354.86 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 9.45 |
| Free cash flow (t + 1) | 5,273.88 |
| Terminal Value | 70,790.29 |
| Present Value of Terminal Value | 45,070.76 |
Intrinsic Value
| Enterprise Value | 61,425.61 |
|---|---|
| Net Debt | 7,320 |
| Equity Value | 54,105.61 |
| Shares Outstanding | 264.05 |
| Equity Value Per Share | 204.90 |