Discounted Cash Flow (DCF) Analysis Levered
PerkinElmer, Inc. (PKI)
$125.1
+0.01 (+0.01%)
All numbers are in Millions, Currency in USD
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 | 2,778 | 2,883.67 | 2,993.37 | 3,107.24 | 3,225.44 | 3,348.14 | 3,475.51 | 3,607.72 | 3,744.96 | 3,887.42 | 4,035.30 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | |||||||||||
| Operating Cash Flow | 311.04 | 363.47 | 356.22 | 369.77 | 383.84 | 398.44 | 413.60 | 429.33 | 445.67 | 462.62 | 480.22 |
| 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 | 217.78 | 282.14 | 263.77 | 273.80 | 284.22 | 295.03 | 306.26 | 317.91 | 330 | 342.55 | 355.58 |
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 | 2,778 | 2,883.67 | 2,993.37 | 3,107.24 | 3,225.44 | 3,348.14 | 3,475.51 | 3,607.72 | 3,744.96 | 3,887.42 | 4,035.30 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 311.04 | 363.47 | 356.22 | 369.77 | 383.84 | 398.44 | 413.60 | 429.33 | 445.67 | 462.62 | 480.22 |
| 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 | 217.78 | 282.14 | 263.77 | 273.80 | 284.22 | 295.03 | 306.26 | 317.91 | 330 | 342.55 | 355.58 |
| WACC | |||||||||||
| PV LFCF | 263.77 | 255.77 | 248.02 | 240.50 | 233.20 | 226.13 | 219.28 | 212.63 | 206.18 | ||
| 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 |