Discounted Cash Flow (DCF) Analysis Levered
Olin Corporation (OLN)
$51.28
-0.43 (-0.83%)
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 | 6,946.10 | 6,110 | 5,758 | 8,910.60 | 9,376.20 | 10,364.89 | 11,457.84 | 12,666.04 | 14,001.64 | 15,478.07 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 907.80 | 617.30 | 418.40 | 1,741 | 1,921.90 | 1,460.93 | 1,614.98 | 1,785.28 | 1,973.53 | 2,181.63 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -385.20 | -385.60 | -298.90 | -200.60 | -236.90 | -452.44 | -500.14 | -552.88 | -611.18 | -675.63 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 522.60 | 231.70 | 119.50 | 1,540.40 | 1,685 | 1,008.49 | 1,114.84 | 1,232.39 | 1,362.34 | 1,506 |
Weighted Average Cost Of Capital
| Share price | $ 51.28 |
|---|---|
| Beta | 1.436 |
| Diluted Shares Outstanding | 163.90 |
| Cost of Debt | |
| Tax Rate | 20.83 |
| After-tax Cost of Debt | 3.87% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 10.550 |
| Total Debt | 2,945 |
| Total Equity | 8,404.79 |
| Total Capital | 11,349.79 |
| Debt Weighting | 25.95 |
| Equity Weighting | 74.05 |
| 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 | 6,946.10 | 6,110 | 5,758 | 8,910.60 | 9,376.20 | 10,364.89 | 11,457.84 | 12,666.04 | 14,001.64 | 15,478.07 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 907.80 | 617.30 | 418.40 | 1,741 | 1,921.90 | 1,460.93 | 1,614.98 | 1,785.28 | 1,973.53 | 2,181.63 |
| Capital Expenditure | -385.20 | -385.60 | -298.90 | -200.60 | -236.90 | -452.44 | -500.14 | -552.88 | -611.18 | -675.63 |
| Free Cash Flow | 522.60 | 231.70 | 119.50 | 1,540.40 | 1,685 | 1,008.49 | 1,114.84 | 1,232.39 | 1,362.34 | 1,506 |
| WACC | ||||||||||
| PV LFCF | 926.75 | 941.44 | 956.36 | 971.52 | 986.92 | |||||
| SUM PV LFCF | 4,783 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 8.82 |
| Free cash flow (t + 1) | 1,536.12 |
| Terminal Value | 22,523.75 |
| Present Value of Terminal Value | 14,760.37 |
Intrinsic Value
| Enterprise Value | 19,543.36 |
|---|---|
| Net Debt | 2,751 |
| Equity Value | 16,792.36 |
| Shares Outstanding | 163.90 |
| Equity Value Per Share | 102.45 |