Discounted Cash Flow (DCF) Analysis Levered

PerkinElmer, Inc. (PKI)

$125.1

+0.01 (+0.01%)
All numbers are in Millions, Currency in USD
Stock DCF: 18.55 | 125.1 | overvalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 2,7782,883.672,993.373,107.243,225.443,348.143,475.513,607.723,744.963,887.424,035.30
Revenue (%)
Operating Cash Flow 311.04363.47356.22369.77383.84398.44413.60429.33445.67462.62480.22
Operating Cash Flow (%)
Capital Expenditure -93.25-81.33-92.45-95.97-99.62-103.41-107.35-111.43-115.67-120.07-124.64
Capital Expenditure (%)
Free Cash Flow 217.78282.14263.77273.80284.22295.03306.26317.91330342.55355.58

Weighted Average Cost Of Capital

Share price $ 125.1
Beta 1.096
Diluted Shares Outstanding 126.43
Cost of Debt
Tax Rate 12.68
After-tax Cost of Debt 1.74%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.578
Total Debt 4,564.24
Total Equity 15,815.89
Total Capital 20,380.14
Debt Weighting 22.40
Equity Weighting 77.60
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 2,7782,883.672,993.373,107.243,225.443,348.143,475.513,607.723,744.963,887.424,035.30
Operating Cash Flow 311.04363.47356.22369.77383.84398.44413.60429.33445.67462.62480.22
Capital Expenditure -93.25-81.33-92.45-95.97-99.62-103.41-107.35-111.43-115.67-120.07-124.64
Free Cash Flow 217.78282.14263.77273.80284.22295.03306.26317.91330342.55355.58
WACC
PV LFCF 263.77255.77248.02240.50233.20226.13219.28212.63206.18
SUM PV LFCF 1,346.27

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 7.05
Free cash flow (t + 1) 362.69
Terminal Value 7,182.07
Present Value of Terminal Value 5,108.77

Intrinsic Value

Enterprise Value 6,455.04
Net Debt 4,109.89
Equity Value 2,345.16
Shares Outstanding 126.43
Equity Value Per Share 18.55