Discounted Cash Flow (DCF) Analysis Levered

Panama Petrochem Limited (PANAMAPET.NS)

316.55 ₹

+2.75 (+0.88%)
All numbers are in Millions, Currency in USD
Stock DCF: 238.26 | 316.55 | overvalue

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 13,262.8612,693.2610,027.5414,469.6221,323.5424,861.6928,986.9133,796.6139,404.3845,942.62
Revenue (%)
Operating Cash Flow 338.74-783.061,787.95552.111,700.221,293.031,507.581,757.722,049.382,389.42
Operating Cash Flow (%)
Capital Expenditure -185.01-232.58-201.29-249.91-301.51-416.47-485.57-566.14-660.08-769.61
Capital Expenditure (%)
Free Cash Flow 153.73-1,015.641,586.67302.201,398.71876.561,0221,191.581,389.301,619.82

Weighted Average Cost Of Capital

Share price $ 316.55
Beta 1.706
Diluted Shares Outstanding 60.49
Cost of Debt
Tax Rate 19.54
After-tax Cost of Debt 18.88%
Risk-Free Rate
Market Risk Premium
Cost of Equity 11.573
Total Debt 300.75
Total Equity 19,147.68
Total Capital 19,448.43
Debt Weighting 1.55
Equity Weighting 98.45
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 13,262.8612,693.2610,027.5414,469.6221,323.5424,861.6928,986.9133,796.6139,404.3845,942.62
Operating Cash Flow 338.74-783.061,787.95552.111,700.221,293.031,507.581,757.722,049.382,389.42
Capital Expenditure -185.01-232.58-201.29-249.91-301.51-416.47-485.57-566.14-660.08-769.61
Free Cash Flow 153.73-1,015.641,586.67302.201,398.71876.561,0221,191.581,389.301,619.82
WACC
PV LFCF 784.81819.26855.23892.77931.95
SUM PV LFCF 4,284.02

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 11.69
Free cash flow (t + 1) 1,652.21
Terminal Value 17,050.70
Present Value of Terminal Value 9,810.04

Intrinsic Value

Enterprise Value 14,094.06
Net Debt -318.07
Equity Value 14,412.13
Shares Outstanding 60.49
Equity Value Per Share 238.26