Discounted Cash Flow (DCF) Analysis Levered

Principal Financial Group, Inc. (PFG)

$72.15

+0.73 (+1.02%)
All numbers are in Millions, Currency in USD

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 14,093.2014,237.2016,222.1014,741.7014,262.7014,354.9914,447.8814,541.3714,635.4614,730.16
Revenue (%)
Operating Cash Flow 4,1885,156.505,493.203,738.603,218.804,241.214,268.664,296.284,324.084,352.06
Operating Cash Flow (%)
Capital Expenditure 281.40-24.60-31.20-108.80-129.90-0.49-0.50-0.50-0.50-0.51
Capital Expenditure (%)
Free Cash Flow 4,469.405,131.905,4623,629.803,088.904,240.724,268.164,295.784,323.574,351.55

Weighted Average Cost Of Capital

Share price $ 72.15
Beta 1.298
Diluted Shares Outstanding 273.30
Cost of Debt
Tax Rate 17.90
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.929
Total Debt 4,360
Total Equity 19,718.60
Total Capital 24,078.60
Debt Weighting 18.11
Equity Weighting 81.89
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 14,093.2014,237.2016,222.1014,741.7014,262.7014,354.9914,447.8814,541.3714,635.4614,730.16
Operating Cash Flow 4,1885,156.505,493.203,738.603,218.804,241.214,268.664,296.284,324.084,352.06
Capital Expenditure 281.40-24.60-31.20-108.80-129.90-0.49-0.50-0.50-0.50-0.51
Free Cash Flow 4,469.405,131.905,4623,629.803,088.904,240.724,268.164,295.784,323.574,351.55
WACC
PV LFCF -----
SUM PV LFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 4,438.58
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt 2,028
Equity Value -
Shares Outstanding 273.30
Equity Value Per Share -