Discounted Cash Flow (DCF) Analysis Levered
Performance Food Group Company (PFGC)
$56.75
0.00 (0.00%)
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 | 17,619.90 | 19,743.50 | 25,086.30 | 30,398.90 | 50,894.10 | 67,143.50 | 88,581 | 116,863.03 | 154,174.91 | 203,399.68 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 367 | 317.40 | 623.60 | 64.60 | 276.50 | 930.89 | 1,228.10 | 1,620.21 | 2,137.51 | 2,819.97 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -140.10 | -139.10 | -158 | -188.80 | -215.50 | -426.23 | -562.31 | -741.84 | -978.70 | -1,291.18 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 226.90 | 178.30 | 465.60 | -124.20 | 61 | 504.67 | 665.79 | 878.37 | 1,158.81 | 1,528.80 |
Weighted Average Cost Of Capital
| Share price | $ 56.75 |
|---|---|
| Beta | 1.361 |
| Diluted Shares Outstanding | 151.30 |
| Cost of Debt | |
| Tax Rate | 32.68 |
| After-tax Cost of Debt | 2.46% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 10.125 |
| Total Debt | 4,997.20 |
| Total Equity | 8,586.27 |
| Total Capital | 13,583.48 |
| Debt Weighting | 36.79 |
| Equity Weighting | 63.21 |
| 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 | 17,619.90 | 19,743.50 | 25,086.30 | 30,398.90 | 50,894.10 | 67,143.50 | 88,581 | 116,863.03 | 154,174.91 | 203,399.68 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 367 | 317.40 | 623.60 | 64.60 | 276.50 | 930.89 | 1,228.10 | 1,620.21 | 2,137.51 | 2,819.97 |
| Capital Expenditure | -140.10 | -139.10 | -158 | -188.80 | -215.50 | -426.23 | -562.31 | -741.84 | -978.70 | -1,291.18 |
| Free Cash Flow | 226.90 | 178.30 | 465.60 | -124.20 | 61 | 504.67 | 665.79 | 878.37 | 1,158.81 | 1,528.80 |
| WACC | ||||||||||
| PV LFCF | 470.29 | 578.18 | 710.81 | 873.88 | 1,074.36 | |||||
| SUM PV LFCF | 3,707.52 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 7.31 |
| Free cash flow (t + 1) | 1,559.37 |
| Terminal Value | 29,366.72 |
| Present Value of Terminal Value | 20,637.37 |
Intrinsic Value
| Enterprise Value | 24,344.89 |
|---|---|
| Net Debt | 4,985.60 |
| Equity Value | 19,359.29 |
| Shares Outstanding | 151.30 |
| Equity Value Per Share | 127.95 |